Eversource Energy
NYSE:ES

Watchlist Manager
Eversource Energy Logo
Eversource Energy
NYSE:ES
Watchlist
Price: 66.35 USD -1.57%
Market Cap: 24.9B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+13%
5Y
+51%
10Y
+61%
Operating Income
+
3Y
+42%
5Y
+49%
10Y
+62%
Net Income
+
3Y
-3%
5Y
+14%
10Y
+46%

Earnings Waterfall
Eversource Energy

Revenue
13.1B USD
Operating Expenses
-10.2B USD
Operating Income
2.9B USD
Other Expenses
-1.6B USD
Net Income
1.3B USD

Income Statement
Eversource Energy

Rotate your device to view
Income Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
280
279
277
274
271
267
258
253
241
246
246
244
215
209
212
210
239
242
240
241
238
238
237
238
240
244
250
259
269
277
276
275
274
270
272
268
237
229
224
222
250
258
285
312
330
340
338
335
341
352
358
360
345
367
367
370
372
376
384
391
401
406
413
422
422
439
459
475
499
509
516
526
533
536
538
537
538
542
553
567
582
598
612
643
678
720
767
811
855
912
976
1 054
1 111
1 161
0
0
Revenue
5 761
N/A
6 358
+10%
6 161
-3%
6 045
-2%
5 237
-13%
5 537
+6%
5 725
+3%
5 951
+4%
5 944
0%
6 323
+6%
6 439
+2%
6 424
0%
6 542
+2%
6 937
+6%
7 022
+1%
7 153
+2%
7 346
+3%
7 312
0%
7 442
+2%
7 273
-2%
6 878
-5%
6 434
-6%
6 165
-4%
6 030
-2%
5 822
-3%
5 639
-3%
5 572
-1%
5 628
+1%
5 800
+3%
5 874
+1%
5 773
-2%
5 572
-3%
5 439
-2%
5 185
-5%
5 072
-2%
5 009
-1%
4 898
-2%
4 794
-2%
4 730
-1%
4 602
-3%
4 466
-3%
4 330
-3%
4 911
+13%
5 658
+15%
6 274
+11%
7 169
+14%
7 176
+0%
7 208
+0%
7 301
+1%
7 597
+4%
7 639
+1%
7 638
0%
7 742
+1%
7 965
+3%
8 104
+2%
8 145
+1%
7 955
-2%
7 497
-6%
7 447
-1%
7 554
+1%
7 639
+1%
7 689
+1%
7 684
0%
7 633
-1%
7 752
+2%
7 961
+3%
8 063
+1%
8 346
+4%
8 473
+2%
8 578
+1%
8 599
+0%
8 499
-1%
8 522
+0%
8 476
-1%
8 540
+1%
8 712
+2%
8 902
+2%
9 356
+5%
9 527
+2%
9 712
+2%
9 942
+2%
10 528
+6%
10 971
+4%
11 653
+6%
12 217
+5%
12 600
+3%
12 663
+1%
12 246
-3%
11 906
-3%
11 443
-4%
11 348
-1%
11 619
+2%
11 901
+2%
12 687
+7%
12 991
+2%
13 149
+1%
Operating Income
Operating Expenses
(5 864)
(5 852)
(5 705)
(5 586)
(4 965)
(5 020)
(5 199)
(5 415)
(5 537)
(5 890)
(6 012)
(6 095)
(6 253)
(6 925)
(7 123)
(7 363)
(7 562)
(7 411)
(7 449)
(7 116)
(6 633)
(6 050)
(5 737)
(5 561)
(5 283)
(5 123)
(5 035)
(5 065)
(5 209)
(5 198)
(5 056)
(4 842)
(4 688)
(4 425)
(4 313)
(4 213)
(4 098)
(3 993)
(3 930)
(3 797)
(3 671)
(3 549)
(4 149)
(4 686)
(5 156)
(5 847)
(5 663)
(5 707)
(5 772)
(6 019)
(6 117)
(6 075)
(6 109)
(6 302)
(6 324)
(6 336)
(6 191)
(5 742)
(5 681)
(5 747)
(5 779)
(5 816)
(5 787)
(5 751)
(5 864)
(6 105)
(6 253)
(6 565)
(6 749)
(6 824)
(6 855)
(6 717)
(6 696)
(6 610)
(6 636)
(6 751)
(6 916)
(7 321)
(7 474)
(7 640)
(7 869)
(8 438)
(8 884)
(9 593)
(10 091)
(10 315)
(10 281)
(9 883)
(9 511)
(11 115)
(8 814)
(9 004)
(9 195)
(10 661)
(10 905)
(10 226)
Depreciation & Amortization
(1 086)
(476)
(399)
(371)
(526)
(553)
(567)
(564)
(395)
(373)
(383)
(376)
(353)
(348)
(344)
(380)
(428)
(466)
(445)
(362)
(257)
(242)
(243)
(272)
(265)
(307)
(315)
(303)
(279)
(288)
(297)
(305)
(310)
(311)
(313)
(307)
(301)
(296)
(291)
(295)
(302)
(309)
(380)
(449)
(519)
(593)
(608)
(613)
(611)
(607)
(599)
(603)
(615)
(628)
(639)
(654)
(666)
(676)
(689)
(702)
(715)
(728)
(742)
(755)
(774)
(791)
(801)
(815)
(820)
(831)
(851)
(865)
(885)
(907)
(928)
(950)
(981)
(1 016)
(1 050)
(1 082)
(1 103)
(1 122)
(1 141)
(1 166)
(1 194)
(1 218)
(1 244)
(1 271)
(1 306)
(1 333)
(1 367)
(1 404)
(1 434)
(1 473)
(1 504)
(1 533)
Operations Maintenance
(1 032)
(975)
(1 008)
(1 006)
(1 014)
(1 001)
(1 028)
(1 053)
(1 023)
(1 176)
(1 136)
(1 148)
(1 102)
(1 100)
(1 164)
(1 192)
(1 182)
(1 301)
(1 297)
(1 271)
(1 307)
(1 242)
(1 230)
(1 186)
(1 173)
(1 230)
(1 232)
(1 287)
(1 276)
(1 229)
(1 213)
(1 221)
(1 235)
(1 233)
(1 215)
(1 187)
(1 001)
(1 138)
(1 135)
(1 107)
(1 095)
(1 128)
(1 388)
(1 528)
(1 583)
(1 667)
(1 494)
(1 486)
(1 515)
(1 521)
(1 537)
(1 494)
(1 428)
(1 409)
(1 353)
(1 336)
(1 329)
(1 316)
(1 320)
(1 318)
(1 324)
(1 342)
(1 331)
(1 314)
(1 307)
(1 301)
(1 285)
(1 322)
(1 335)
(1 338)
(1 372)
(1 359)
(1 363)
(1 370)
(1 374)
(1 375)
(1 480)
(1 604)
(1 683)
(1 740)
(1 740)
(1 747)
(1 788)
(1 853)
(1 865)
(1 848)
(1 823)
(1 869)
(1 896)
(1 904)
(1 941)
(1 951)
(2 013)
(2 037)
(2 041)
(2 048)
Purchased Fuel Power Gas
(3 428)
(4 137)
(3 999)
(3 865)
(3 049)
(3 285)
(3 425)
(3 608)
(3 735)
(3 947)
(4 093)
(4 166)
(4 401)
(4 893)
(4 961)
(5 027)
(5 529)
(5 044)
(5 174)
(5 045)
(4 631)
(4 157)
(3 852)
(3 689)
(3 351)
(3 104)
(2 960)
(2 880)
(2 996)
(3 012)
(2 934)
(2 744)
(2 630)
(2 394)
(2 253)
(2 135)
(2 035)
(1 879)
(1 819)
(1 731)
(1 658)
(1 559)
(1 719)
(1 915)
(2 084)
(2 437)
(2 383)
(2 426)
(2 483)
(2 713)
(2 849)
(2 920)
(3 022)
(3 205)
(3 266)
(3 252)
(3 087)
(2 680)
(2 576)
(2 539)
(2 501)
(2 500)
(2 468)
(2 454)
(2 535)
(2 728)
(2 833)
(3 023)
(3 139)
(3 167)
(3 134)
(3 022)
(3 040)
(2 942)
(2 951)
(3 027)
(2 988)
(3 110)
(3 130)
(3 204)
(3 372)
(3 764)
(4 054)
(4 561)
(5 014)
(5 528)
(5 748)
(5 529)
(5 168)
(4 501)
(4 181)
(3 931)
(3 736)
(3 840)
(3 818)
(3 949)
Other Operating Expenses
(318)
(264)
(298)
(342)
(376)
(181)
(179)
(190)
(384)
(393)
(400)
(405)
(396)
(584)
(654)
(764)
(424)
(600)
(534)
(438)
(439)
(409)
(412)
(414)
(494)
(483)
(528)
(595)
(659)
(669)
(612)
(572)
(513)
(486)
(532)
(584)
(762)
(680)
(685)
(664)
(616)
(553)
(662)
(794)
(969)
(1 149)
(1 177)
(1 183)
(1 163)
(1 178)
(1 132)
(1 058)
(1 045)
(1 060)
(1 065)
(1 094)
(1 109)
(1 070)
(1 096)
(1 188)
(1 239)
(1 247)
(1 246)
(1 227)
(1 248)
(1 284)
(1 335)
(1 406)
(1 454)
(1 488)
(1 498)
(1 471)
(1 408)
(1 392)
(1 383)
(1 400)
(1 466)
(1 592)
(1 610)
(1 614)
(1 655)
(1 806)
(1 901)
(2 012)
(2 018)
(1 722)
(1 466)
(1 214)
(1 142)
(3 377)
(1 324)
(1 719)
(2 013)
(3 310)
(3 543)
(2 695)
Operating Income
(103)
N/A
506
N/A
457
-10%
459
+1%
272
-41%
516
+90%
526
+2%
535
+2%
406
-24%
433
+7%
428
-1%
329
-23%
289
-12%
12
-96%
(100)
N/A
(210)
-109%
(216)
-3%
(98)
+54%
(8)
+92%
157
N/A
245
+56%
384
+57%
428
+11%
469
+10%
539
+15%
516
-4%
537
+4%
563
+5%
591
+5%
676
+14%
717
+6%
730
+2%
751
+3%
761
+1%
760
0%
797
+5%
800
+0%
801
+0%
800
0%
805
+1%
794
-1%
781
-2%
763
-2%
972
+27%
1 118
+15%
1 323
+18%
1 514
+14%
1 500
-1%
1 529
+2%
1 578
+3%
1 522
-4%
1 563
+3%
1 633
+4%
1 663
+2%
1 781
+7%
1 809
+2%
1 764
-2%
1 755
-1%
1 767
+1%
1 807
+2%
1 860
+3%
1 872
+1%
1 897
+1%
1 883
-1%
1 888
+0%
1 856
-2%
1 810
-2%
1 781
-2%
1 724
-3%
1 754
+2%
1 744
-1%
1 782
+2%
1 825
+2%
1 866
+2%
1 905
+2%
1 960
+3%
1 986
+1%
2 035
+2%
2 053
+1%
2 072
+1%
2 072
0%
2 090
+1%
2 087
0%
2 060
-1%
2 126
+3%
2 285
+7%
2 383
+4%
2 363
-1%
2 395
+1%
329
-86%
2 533
+670%
2 615
+3%
2 706
+3%
2 025
-25%
2 086
+3%
2 923
+40%
Pre-Tax Income
Interest Income Expense
(280)
(279)
(277)
(274)
(271)
(267)
(258)
(253)
(241)
(246)
(245)
(244)
(215)
(209)
(212)
(210)
(223)
(242)
(240)
(241)
(213)
(230)
(223)
(220)
(214)
(231)
(242)
(247)
(265)
(272)
(263)
(264)
(256)
(248)
(260)
(257)
(237)
(212)
(206)
(210)
(250)
(258)
(285)
(312)
(330)
(340)
(338)
(335)
(339)
(353)
(358)
(360)
(362)
(367)
(367)
(370)
(372)
(376)
(384)
(391)
(401)
(406)
(413)
(422)
(422)
(439)
(459)
(475)
(499)
(497)
(476)
(480)
(477)
(456)
(475)
(474)
(518)
(508)
(504)
(502)
(543)
(536)
(548)
(581)
(603)
(626)
(676)
(709)
(751)
(795)
(823)
(877)
(921)
(970)
(999)
(1 039)
Non-Reccuring Items
642
(12)
(2)
0
187
0
0
0
0
0
0
0
0
(22)
(24)
(28)
(36)
(28)
(29)
(26)
(10)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(26)
(37)
(37)
(24)
(2)
(232)
(227)
(235)
(231)
13
9
3
0
0
(97)
(79)
(19)
(13)
89
72
0
(394)
(401)
(2 163)
0
(1 762)
(2 226)
(761)
0
0
(581)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0
0
0
0
0
0
3
3
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
188
16
2
17
44
59
58
30
4
1
(0)
6
23
27
37
38
39
59
60
61
38
56
50
45
35
49
52
55
47
36
30
24
20
19
19
20
42
28
32
29
28
26
21
24
20
19
22
26
30
24
24
27
25
29
36
29
34
31
26
34
46
65
86
101
108
120
141
129
128
113
82
86
77
45
48
50
87
83
84
83
122
137
181
228
268
270
273
252
243
233
218
227
220
220
207
203
Pre-Tax Income
447
N/A
231
-48%
180
-22%
202
+12%
233
+16%
308
+32%
326
+6%
312
-4%
170
-46%
188
+11%
182
-3%
91
-50%
97
+6%
(191)
N/A
(299)
-56%
(410)
-37%
(436)
-6%
(310)
+29%
(216)
+30%
(49)
+77%
62
N/A
210
+239%
255
+21%
294
+15%
361
+23%
334
-8%
347
+4%
370
+7%
372
+0%
439
+18%
484
+10%
490
+1%
516
+5%
533
+3%
519
-3%
560
+8%
605
+8%
616
+2%
627
+2%
624
0%
571
-9%
549
-4%
498
-9%
684
+37%
808
+18%
1 002
+24%
1 198
+20%
1 192
-1%
1 221
+2%
1 250
+2%
1 188
-5%
1 230
+4%
1 295
+5%
1 324
+2%
1 450
+9%
1 469
+1%
1 426
-3%
1 410
-1%
1 408
0%
1 450
+3%
1 505
+4%
1 532
+2%
1 571
+3%
1 562
-1%
1 574
+1%
1 511
-4%
1 456
-4%
1 398
-4%
1 329
-5%
1 368
+3%
1 117
-18%
1 161
+4%
1 190
+3%
1 225
+3%
1 490
+22%
1 546
+4%
1 559
+1%
1 612
+3%
1 636
+1%
1 558
-5%
1 572
+1%
1 672
+6%
1 708
+2%
1 798
+5%
1 866
+4%
1 929
+3%
1 587
-18%
1 505
-5%
(275)
N/A
(233)
+15%
166
N/A
(261)
N/A
1 244
N/A
1 275
+3%
1 294
+1%
1 506
+16%
Net Income
Tax Provision
(174)
(75)
(43)
(50)
(75)
(108)
(129)
(120)
(48)
(54)
(49)
(12)
(22)
86
130
150
185
141
100
139
76
25
13
(82)
(109)
(100)
(102)
(103)
(106)
(134)
(153)
(167)
(180)
(208)
(205)
(211)
(210)
(194)
(199)
(207)
(171)
(163)
(145)
(213)
(275)
(340)
(409)
(401)
(427)
(448)
(430)
(447)
(468)
(480)
(525)
(543)
(540)
(533)
(535)
(547)
(555)
(566)
(578)
(575)
(579)
(505)
(438)
(352)
(284)
(284)
(244)
(258)
(273)
(282)
(327)
(355)
(346)
(368)
(379)
(365)
(344)
(366)
(376)
(399)
(454)
(469)
(403)
(331)
(160)
(171)
(251)
(281)
(425)
(427)
(429)
(155)
Income from Continuing Operations
273
156
137
151
158
199
197
193
122
134
133
80
75
(105)
(170)
(260)
(251)
(168)
(116)
90
138
236
267
212
251
234
245
268
266
306
331
323
336
324
313
349
394
422
427
417
401
386
353
471
533
662
789
791
794
802
758
783
827
844
925
926
886
877
873
902
950
965
992
987
996
1 006
1 018
1 047
1 046
1 085
873
903
917
943
1 163
1 191
1 213
1 244
1 256
1 193
1 228
1 305
1 333
1 399
1 412
1 460
1 184
1 174
(435)
(404)
(84)
(542)
819
848
865
1 351
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
(4)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
Net Income (Common)
244
N/A
150
-39%
132
-12%
146
+11%
152
+4%
194
+27%
192
-1%
182
-5%
116
-36%
124
+7%
121
-2%
74
-39%
117
+59%
(69)
N/A
(120)
-75%
(207)
-72%
(253)
-22%
(146)
+42%
(96)
+34%
110
N/A
471
+329%
556
+18%
582
+5%
521
-11%
246
-53%
230
-7%
239
+4%
262
+9%
261
0%
300
+15%
325
+8%
317
-2%
330
+4%
319
-3%
308
-3%
343
+12%
388
+13%
416
+7%
421
+1%
411
-2%
395
-4%
380
-4%
347
-9%
465
+34%
526
+13%
655
+24%
781
+19%
783
+0%
786
+0%
794
+1%
750
-5%
775
+3%
820
+6%
837
+2%
917
+10%
918
+0%
878
-4%
869
-1%
866
0%
895
+3%
942
+5%
958
+2%
985
+3%
980
0%
988
+1%
998
+1%
1 010
+1%
1 039
+3%
1 033
-1%
1 072
+4%
861
-20%
890
+3%
909
+2%
935
+3%
1 156
+24%
1 183
+2%
1 205
+2%
1 237
+3%
1 249
+1%
1 186
-5%
1 221
+3%
1 298
+6%
1 325
+2%
1 391
+5%
1 405
+1%
1 453
+3%
1 176
-19%
1 167
-1%
(442)
N/A
(412)
+7%
(92)
+78%
(549)
-500%
812
N/A
841
+4%
858
+2%
1 344
+57%
EPS (Diluted)
1.79
N/A
1.15
-36%
1
-13%
1.12
+12%
1.18
+5%
1.51
+28%
1.5
-1%
1.43
-5%
0.92
-36%
0.96
+4%
0.93
-3%
0.58
-38%
0.91
+57%
-0.52
N/A
-0.92
-77%
-1.59
-73%
-1.91
-20%
-0.95
+50%
-0.62
+35%
0.7
N/A
3.05
+336%
3.58
+17%
3.75
+5%
3.35
-11%
1.59
-53%
1.46
-8%
1.53
+5%
1.68
+10%
1.67
-1%
1.84
+10%
1.85
+1%
1.8
-3%
1.91
+6%
1.81
-5%
1.75
-3%
1.95
+11%
2.19
+12%
2.35
+7%
2.38
+1%
2.32
-3%
2.22
-4%
2.12
-5%
1.14
-46%
1.47
+29%
1.89
+29%
2.08
+10%
2.47
+19%
2.47
N/A
2.49
+1%
2.5
+0%
2.36
-6%
2.44
+3%
2.58
+6%
2.64
+2%
2.89
+9%
2.89
N/A
2.76
-4%
2.73
-1%
2.72
0%
2.81
+3%
2.96
+5%
3.01
+2%
3.1
+3%
3.09
0%
3.11
+1%
3.15
+1%
3.18
+1%
3.27
+3%
3.26
0%
3.38
+4%
2.68
-21%
2.73
+2%
2.81
+3%
2.8
0%
3.41
+22%
3.44
+1%
3.55
+3%
3.61
+2%
3.63
+1%
3.44
-5%
3.54
+3%
3.76
+6%
3.83
+2%
4.01
+5%
4.05
+1%
4.16
+3%
3.36
-19%
3.33
-1%
-1.27
N/A
-1.19
+6%
-0.28
+76%
-1.52
-443%
2.27
N/A
2.28
+0%
2.32
+2%
3.6
+55%

See Also

Summary
ES intrinsic value, competitors valuation, and company profile.
DCF Valuation
ES stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ES stock valuation using valuation multiples.
Wall Street Estimates
ES price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ES stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 307,900+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.