Eversource Energy ES reported third-quarter 2022 operating earnings of $1.01 per share, which lagged the Zacks Consensus Estimate of $1.03 by 1.9%. The earnings dropped nearly 1% year over year.GAAP earnings per share for the third quarter were $1, up 21.9% from 82 cents reported in the year-ago period. The difference between GAAP and operating earnings per share was due to one-time tax charges.RevenuesThird-quarter revenues of $3,215.6 million surpassed the Zacks Consensus Estimate of $2,716 million by 18.4%. Total revenues improved 32.2% from the year-ago figure of $2,432.8 million. Eversource Energy Price, Consensus and EPS Surprise Eversource Energy price-consensus-eps-surprise-chart | Eversource Energy QuoteHighlights of the ReleaseOperating expenses increased 36.4% year over year to $2,658.4 million due to a rise in Purchased Power, Fuel and Transmission expenses and an increase in operating and maintenance expenses.Operating income was up 15.3% from the prior-year quarter at $557.3 million. Interest expenses increased 20.5% from the prior-year quarter to $178.2 million.Net income for the quarter under review was $351.3 million, up 23.3% from $285 million recorded in the year-ago period.Segmental PerformanceElectric Transmission: Earnings from this segment were $155.8 million, up 11.8% from the prior-year quarter. The improvement primarily resulted from a higher level of investment in Eversource’s electric transmission system.Electric Distribution: Earnings from this segment were $225.1 million, up 5.4% from the prior-year quarter. The improvement primarily resulted from higher revenues and lower pension-related costs.Natural Gas Distribution: Losses from this segment for the third quarter were $24.6 million, wider than the prior-year period’s loss of $22 million. The weak performance was due to higher non-tracked O&M, property taxes, depreciation and interest expenses, partially offset by higher revenues and lower pension expenses.Water Distribution: Earnings from this segment were $16.7 million, down from $17.5 million in the year-ago quarter. The year-over-year decline was due to higher operating and maintenance expenses driven by the increased cost of water treatment chemicals.Eversource Parent & Other Companies: The segment lost $21.4 million against earnings of $2.2 million in the year-ago quarter.GuidanceEversource Energy reaffirmed its 2022 earnings guidance of $4.04-$4.14 per share, excluding transaction and transition charges. The mid-point of earnings guidance is $4.09, a tad lower than the Zacks Consensus Estimate of $4.11 for the year.The company also reaffirmed its expectation for long-term earnings per share growth rate from the existing core regulated businesses in the upper half of 5-7% through 2026, using the $3.86 earned in 2021 as a base.Eversource Energy plans to invest $3.89 billion in 2022. Its total capital expenditure for 2022-2026 is expected to be $18.1 billion.Zacks RankEversource currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Other ReleasesNextEra Energy, Inc. NEE reported third-quarter 2022 adjusted earnings of 85 cents per share, beating the Zacks Consensus Estimate of 79 cents by 7.6%.The Zacks Consensus Estimate for NEE’s fourth-quarter earnings per share is 56 cents, implying growth of 36.6% from the year-ago quarter’s reported number.FirstEnergy Corporation FE delivered third-quarter 2022 operating earnings per share (EPS) of 79 cents, beating the Zacks Consensus Estimate of 77 cents by 2.6%.The Zacks Consensus Estimate for FE’s fourth-quarter earnings per share is 53 cents, indicating growth of 3.92% from the year-ago quarter’s reported figure.Xcel Energy Inc. XEL posted third-quarter 2022 operating earnings of $1.18 per share, lagging the Zacks Consensus Estimate by 1.7%.The Zacks Consensus Estimate for XEL’s fourth-quarter earnings per share is 67 cents, suggesting growth of 15.5% from the year-ago quarter’s actuals. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Xcel Energy Inc. (XEL): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report FirstEnergy Corporation (FE): Free Stock Analysis Report Eversource Energy (ES): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research