Eversource Energy (ES)

Return on equity (ROE)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	-429,056	1,173,928	1,183,674	1,460,114	1,412,401	1,398,935	1,332,692	1,305,350	1,228,047	1,193,286	1,256,380	1,244,092	1,212,702	1,190,785	1,163,409	942,631	916,556	897,856	868,392	1,079,658
Total stockholders’ equity	US$ in thousands	14,173,900	15,685,900	15,554,100	15,749,400	15,473,200	15,279,200	15,057,200	14,836,700	14,599,800	14,411,600	14,311,900	14,233,400	14,063,600	13,980,000	13,805,300	13,210,000	12,630,000	12,121,600	11,954,600	11,637,400
ROE		-3.03%	7.48%	7.61%	9.27%	9.13%	9.16%	8.85%	8.80%	8.41%	8.28%	8.78%	8.74%	8.62%	8.52%	8.43%	7.14%	7.26%	7.41%	7.26%	9.28%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-429,056K ÷ $14,173,900K
= -3.03%

To analyze Eversource Energy's return on equity (ROE) performance over the past eight quarters, we observe the following trend:

- The ROE has fluctuated over the quarters, ranging from a low of -3.12% in Q4 2023 to a high of 9.22% in Q1 2023.
- In general, the ROE has shown a slight downward trend from Q1 2023 to Q4 2023, although there was a temporary increase in Q3 2023.
- The ROE values have mostly been in the range of 7% to 9%, indicating relatively stable profitability during the observed period.
- It is essential to further investigate the drivers behind the negative ROE in Q4 2023, as it could be influenced by factors such as decreased net income or a significant increase in shareholder equity.

Overall, Eversource Energy's ROE performance shows variability over the quarters, and a more in-depth analysis is necessary to understand the underlying factors affecting the company's profitability and shareholder returns.