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 (NYSE: ES) is a regulated utility holding company that transmits and delivers electricity and natural gas and supplies water to approximately 4.6 million customers in Connecticut, Massachusetts and New Hampshire. This news page aggregates company-issued updates and other coverage related to ES, giving investors and observers a focused view of developments affecting New England’s largest energy delivery system.
News about Eversource frequently includes quarterly and year-to-date earnings reports, where the company discusses segment performance in electric transmission, electric distribution, natural gas distribution, water distribution and parent and other companies. These releases explain how base distribution rate changes, infrastructure investment and cost trends influence results, and often reference non-GAAP earnings measures that exclude certain offshore wind and transaction-related items.
Readers can also expect dividend declarations from the Board of Trustees, detailing quarterly cash dividends on Eversource common shares, as well as announcements of earnings conference calls and webcasts for financial analysts. Regulatory and strategic updates appear in the news flow as well, such as statements on decisions by the Connecticut Public Utilities Regulatory Authority regarding the proposed sale of the Aquarion Water Company and information on Eversource’s capital structure, including equity issuance and parent company debt offerings.
Eversource’s news highlights its role in the clean energy transition, featuring recognition as the #1 U.S. utility on TIME’s List of World’s Best Companies for 2024, rankings as the #1 energy efficiency provider in the nation, and inclusion among America’s Climate Leaders. Coverage includes updates on integrating clean energy resources, such as a networked geothermal pilot project, solar, offshore wind, electric vehicles and battery storage, into the electric system. Investors and stakeholders can use this page to follow financial performance, regulatory milestones, sustainability recognition and other material events disclosed by the company.
The Board of Trustees of Eversource Energy (NYSE:ES) has declared a quarterly dividend of $0.6025 per share, with a payment date set for December 31, 2021. Shareholders on record as of the close of business on December 17, 2021 will be eligible. Eversource Energy serves approximately 4.3 million customers across electric, natural gas, and water sectors in Connecticut, Massachusetts, and New Hampshire, and has around 344 million common shares outstanding.
South Fork Wind, New York's first offshore wind farm, has achieved a major milestone by receiving its Record of Decision from the U.S. Department of the Interior's Bureau of Ocean Energy Management. This approval allows the project to move forward, with construction expected to start soon. The wind farm, a joint venture between Ørsted and Eversource, is designed to produce 132 megawatts of clean energy, powering approximately 70,000 homes on Long Island by late 2023. This project is anticipated to create jobs and is pivotal in advancing New York’s climate goals.
Willdan Group, Inc. (NASDAQ: WLDN) announced that Eversource will implement LoadSEER software in Massachusetts for enhanced load forecasting and grid planning. This enterprise software license enables Eversource to analyze distributed energy resource adoption and perform scenario analyses on grid impacts from electric vehicles and solar energy. LoadSEER's new data scrubber feature improves data accuracy, reducing processing costs. Willdan's support aims to improve grid reliability as energy patterns evolve. The press release highlights the software's potential for accurate forecasting and effective grid planning.
Eversource Energy (NYSE: ES) reported third-quarter earnings of $283.2 million, or $0.82 per share, down from $346.3 million, or $1.01 per share, in Q3 2020. For the first nine months of 2021, earnings totaled $913.8 million, or $2.65 per share, compared to $933.2 million, or $2.76 per share, last year. The results include acquisition-related charges and significant regulatory settlement costs that impacted earnings. Eversource reaffirmed its 2021 EPS projection of $3.81 to $3.93, with a long-term EPS growth rate of 5-7%. The company serves 4.3 million customers across New England.
Eversource Energy (NYSE: ES) will hold a conference call for financial analysts on November 3, 2021, at 9 a.m. Eastern Daylight Time. The call will focus on the company's financial performance through the third quarter of 2021. Interested parties can access the live webcast through the Investors section of the Eversource website. Eversource delivers electricity, natural gas, and water to approximately 4.3 million customers across Connecticut, Massachusetts, and New Hampshire and is recognized for its commitment to corporate citizenship and energy efficiency.
Eversource Energy (NYSE:ES) has declared a quarterly dividend of
Ørsted and Eversource have initiated the construction of the first American-made offshore wind substation for the South Fork Wind project off the coast of Long Island, New York. The 132-megawatt project will utilize a 1,500-ton substation built by Kiewit at its facility in Ingleside, Texas. Over 350 workers will be involved in the fabrication and installation process. This represents a significant advancement for the U.S. offshore wind supply chain, emphasizing local manufacturing and job creation. The substation's construction is set to be completed by spring 2023.
Eversource Energy reported Q2 2021 earnings of $264.5 million, or $0.77 per share, up from $252.2 million, or $0.75 per share, in Q2 2020. For the first half of 2021, earnings reached $630.7 million ($1.83 per share), compared to $587 million ($1.75 per share) in the same period last year. Charges linked to the Columbia Gas acquisition totaled $6.8 million and $13 million for Q2 and H1 2021, respectively. The company reaffirmed its 2021 EPS projection of $3.81-$3.93, highlighting a long-term EPS growth rate of 5-7%. Eversource serves 4.3 million customers across New England.
Eversource Energy (NYSE: ES) will host a conference call to discuss its financial performance for Q2 2021 on July 30, 2021, at 9 a.m. EDT. The webcast will be available on its Investors page. Eversource serves approximately 4.3 million customers across Connecticut, Massachusetts, and New Hampshire. Recognized for corporate responsibility, Eversource is the top energy efficiency provider in the nation and is committed to advancing a clean energy future through innovative solutions such as solar and offshore wind. For more details, visit eversource.com.
Dominion Energy, Ørsted, and Eversource announced a deal for Ørsted and Eversource to charter Dominion's Charybdis, the first Jones Act-qualified offshore wind turbine installation vessel in the U.S. The vessel, expected to be ready by late 2023, supports the construction of the Revolution Wind and Sunrise Wind projects, generating over 1.6 gigawatts of renewable energy for nearly 1 million homes. The charter also enables support for Dominion's Coastal Virginia Offshore Wind project, contributing to job creation and economic growth while having no impact on regulated customers' bills.