Welcome to our dedicated page for Eversource Energ news (Ticker: ES), a resource for investors and traders seeking the latest updates and insights on Eversource Energ stock.
Eversource Energy reports developments for a regulated utility holding company that transmits and delivers electricity and natural gas and supplies water in Connecticut, Massachusetts and New Hampshire. Recurring updates cover earnings by electric distribution, natural gas distribution, water distribution and parent-company activities, along with rate-case effects, infrastructure investment, financing actions and common-share dividends.
Company news also addresses capital plans for electric and gas distribution systems, reliability and storm-response investments, energy efficiency programs, and grid initiatives tied to clean-energy resources such as networked geothermal systems, solar, offshore wind, electric vehicles and battery storage.
The Board of Trustees of Eversource Energy (NYSE:ES) has announced a quarterly dividend of $0.6375 per share. This dividend is payable on September 30, 2022, to shareholders of record as of September 26, 2022. Eversource serves approximately 4.4 million customers across New England, including Connecticut, Massachusetts, and New Hampshire, and focuses on safety, reliability, and environmental stewardship.
Eversource Energy reported a strong second quarter of 2022, posting earnings of $291.9 million or $0.84 per share, up from $264.5 million or $0.77 per share in Q2 2021. For the first half of 2022, EPS reached $2.13 compared to $1.83 in 2021. The company narrowed its EPS guidance for 2022 to $4.04 to $4.14 per share. Improvements were driven by higher revenues across its transmission and distribution segments, although costs in other areas increased. Eversource continues to focus on clean energy strategies while serving approximately 4.4 million customers.
Eversource Energy (NYSE: ES) will host a conference call on July 29, 2022, at 9 a.m. Eastern Time, to discuss its financial performance for the second quarter of 2022. This event will be available for listening via the Eversource Investors section on their website. Eversource is recognized as the top energy company for corporate responsibility and efficiency, serving approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire. The company emphasizes its commitment to delivering reliable energy and advancing clean energy initiatives.
Eversource Energy (NYSE: ES) announced an equity distribution agreement, enabling it to sell up to $1.2 billion in common shares via an at-the-market (ATM) offering. The sales will be managed by major firms including Goldman Sachs, Barclays, and Citi, among others. This move is part of Eversource's effective shelf registration with the SEC. Currently, Eversource operates New England's largest energy delivery system, serving 4.4 million utility customers across Connecticut, Massachusetts, and New Hampshire.
Eversource Energy (NYSE: ES) has announced the retirement of Chief Financial Officer Philip J. Lembo, effective immediately. John M. Moreira, previously Senior Vice President and Treasurer, has been elected as the new CFO. Lembo will continue as a non-executive Senior Strategic Advisor focusing on offshore wind investments. Moreira has 22 years of experience with Eversource and will oversee the company’s financial operations, supporting an $18 billion, five-year investment program aimed at upgrading and modernizing its delivery networks, benefiting approximately 4.4 million customers.
Eversource Energy reported Q1 2022 earnings of $443.4 million ($1.28 per share), an increase from $366.1 million ($1.06 per share) in Q1 2021. The earnings growth was driven by higher revenues and lower pension costs across its segments: Electric Transmission ($148.5 million), Electric Distribution ($140.9 million), and Natural Gas Distribution ($164 million). The company approved a dividend of $0.6375 per share, payable on June 30, 2022. Eversource is also reviewing its offshore wind joint venture with Ørsted, exploring potential strategic alternatives.
Eversource Energy (NYSE:ES) will host a conference call with financial analysts on May 5, 2022, at 8:30 a.m. ET, to discuss its financial performance for Q1 2022. The live audio presentation will be available on the company’s website.
Recognized as a top energy provider, Eversource serves around 4.4 million customers in Connecticut, Massachusetts, and New Hampshire, focusing on delivering reliable energy and promoting clean energy initiatives, including solar and offshore wind solutions.
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Synergis Software is hosting a free live webinar on April 6, 2022, at 2:00 p.m. EDT, focused on overcoming challenges in drawing management for utility companies. The webinar will feature experts from Eversource, Great River Energy, and Hoosier Energy discussing the impact of poor drawing management and sharing best practices. Attendees will learn how to enhance collaboration, increase operational efficiency, and reduce costs. The session includes a live Q&A for participants to get their queries addressed.
Aquarion Company has announced its plan to acquire The Torrington Water Company (TWC) in a stock-for-stock transaction approved by both companies' boards. TWC shareholders will receive Aquarion's parent company shares, Eversource Energy, valued at approximately $92.81 per share, based on Eversource's recent closing price. The acquisition will expand Aquarion's customer base by adding about 10,100 customers to its existing 226,000. The deal is subject to TWC shareholder approval and regulatory review, with expected completion by the end of 2022.