NU Sees Small Earnings Jump
Northeast Utilities, which merged last year with NStar, reported a slight jump in third-quarter earnings on Thursday to $209.5 million, or66 cents per share, from $207.6 million in the third quarter of 2012.
Northeast said it absorbed $7 million, or 3 cents per share, in after-tax integration charges related to the April 2012 merger with NStar, which provides electricity to much of MetroWest and is the natural gas supplier for most of MetroWest and Greater Worcester.
In the first nine months of 2013, Northeast earned $608.6 million, or $1.93 per share, compared with earnings of $351.2 million, or $1.32 per share, in the first nine months of 2012.
The company, based both in Boston and Hartford, Conn., reported $1.89 billion in revenue, up from $1.86 billion. From January through September, revenue is up 20 percent to $5.5 billion.
Northeast also reaffirmed its 2013 earnings outlook of $2.45 to $2.60 per share.
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