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.
Eversource (NYSE: ES) has acquired a 26-acre portion of the Mystic property from Constellation Energy, aiming to transform it into a multi-use energy interconnection hub. The strategic location will potentially support various renewable energy sources, including offshore wind, hydro, battery storage, and nuclear power.
The company plans to collaborate with Massachusetts and Everett officials over the coming year to develop plans that enhance electric reliability while advancing the state's electrification and decarbonization goals. The site, adjacent to a proposed soccer stadium in Everett, represents an opportunity to improve grid reliability and address future congestion on the regional transmission system.
The transaction will not immediately impact customer bills. Eversource currently serves 1.47 million electric customers, 639,000 gas customers, and 11,500 water customers throughout Massachusetts.
Eversource Energy (NYSE: ES) has been named one of America's Most Responsible Companies for 2025 by Newsweek and Statista Inc., marking its sixth consecutive year on the list. The recognition highlights the company's excellence in environmental, social, and corporate governance (ESG) initiatives. The ranking was determined through analysis of public data and a survey of 26,000 U.S. residents regarding corporate social responsibility perceptions.
As the #1 energy efficiency provider in the nation, Eversource serves approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire. The company employs over 10,000 people and is focused on delivering reliable energy and water services while advancing clean energy initiatives, including a first-in-the-nation networked geothermal pilot project, solar, offshore wind, electric vehicles, and battery storage.
The Board of Trustees of Eversource Energy (NYSE:ES) has approved a quarterly dividend of $0.715 per share, payable on December 31, 2024, to shareholders of record as of December 18, 2024.
Eversource, celebrated for its corporate citizenship, is a national leader and recognized among Newsweek's America's Most Responsible Companies for 2024. It serves approximately 4.4 million customers in Connecticut, Massachusetts, and New Hampshire, delivering electricity, natural gas, and water. The company, with around 10,000 employees, focuses on reliable energy and water delivery, superior customer service, and a clean energy future.
Notable initiatives include a networked geothermal pilot project, solar, offshore wind, electric vehicles, and battery storage integration.
Eversource and BXP have been awarded the 2024 Cambridge Chamber of Commerce Annual Visionary Award for their Greater Cambridge Energy Program. The project features the nation's largest underground substation—a 35,000-square-foot facility located 120 feet beneath a public green space at BXP's Life Sciences Center in Kendall Square. The program includes eight underground transmission lines spanning 8.3 miles across Cambridge, Somerville, and Boston, plus 48 distribution lines and upgrades to local substations to enhance power reliability and support growing electric demand. The initiative aims to modernize the electric system and support clean energy goals through advanced infrastructure development.
Eversource (NYSE: ES) has been awarded the 'New York Project of the Year' from Engineering News-Record for its onshore infrastructure development of South Fork Wind, the first commercial-scale offshore wind project in the United States. The company led the installation of underground duct bank systems and construction of an onshore substation in East Hampton, New York. The project, which began in early 2022, created over 100 union jobs and involved collaboration with multiple contractors. The completed project includes 12-11MW turbines, capable of powering approximately 70,000 homes in East Hampton. The first turbine began delivering power to the grid through the newly built onshore transmission system in 2023.
Eversource Energy (NYSE: ES) reported a Q3 2024 loss of $(118.1) million, or $(0.33) per share, compared to earnings of $339.7 million ($0.97/share) in Q3 2023. Non-GAAP recurring earnings were $405.9 million ($1.13/share) in Q3 2024. The company updated its 2024 non-GAAP recurring earnings projection to $4.52-$4.60 per share, down from $4.50-$4.67, citing higher interest expenses. The results include a $524.0 million after-tax loss related to offshore wind investment divestiture. Eversource reaffirmed its 5-7% long-term earnings growth rate and increased capital investments forecast to $23.7 billion for 2024-2028.
Eversource (NYSE: ES) has been recognized on TIME's List of World's Best Companies for 2024, ranking #396 overall and #1 among U.S. utilities. The ranking, compiled in collaboration with Statista, evaluated companies based on employee satisfaction, revenue growth, and ESG metrics. Eversource Chairman, President & CEO Joseph Nolan highlighted the company's commitment to sustainability and employee engagement as core values.
Eversource serves approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire, providing electricity, natural gas, and water services. The company is known for its energy efficiency initiatives and efforts in integrating clean energy resources, including a pioneering networked geothermal pilot project, solar, offshore wind, electric vehicles, and battery storage.
Eversource Energy (NYSE: ES) has announced a webcast conference call with financial analysts scheduled for Tuesday, November 5, 2024, at 9 a.m. Eastern Time. The call will focus on reviewing the company's financial performance through the third quarter of 2024. Interested parties can access the live audio presentation from the Investors section of the Eversource website.
Eversource, recognized as a national leader in corporate citizenship, is featured in Newsweek's list of America's Most Responsible Companies for 2024 and has been named a Five-Year Champion. The company serves approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire, providing electricity, natural gas, and water services. As the #1 energy efficiency provider in the nation, Eversource employs about 10,000 people and is committed to delivering reliable energy and water with superior customer service.
Eversource Energy (NYSE: ES) has completed the sale of its 50% interest in the South Fork Wind and Revolution Wind projects to Global Infrastructure Partners (GIP) for adjusted gross proceeds of $745 million. This sale, along with the previously completed sale of Sunrise Wind to Ørsted, marks Eversource's exit from the offshore wind business.
The company expects to record an aggregate net loss of approximately $520 million in Q3 2024, which includes a $370 million gain from the Sunrise Wind sale and anticipated increases in Revolution Wind construction costs. Eversource also expects to recognize a liability of approximately $360 million, mostly to be settled in 2026.
Despite the sale, Eversource remains committed to its equity issuance plan of up to $1.3 billion over the next several years and maintains its target FFO/Debt ratio of 14% to 15% by 2025. The company will continue to provide onshore transmission expertise to support the clean energy transition in New England.
Eversource Energy (NYSE:ES) has declared a quarterly dividend of $0.715 per share, payable on September 30, 2024, to shareholders of record as of September 23, 2024. Eversource, recognized as a national leader in corporate citizenship, is among the top energy companies in Newsweek's list of America's Most Responsible Companies for 2024. The company serves approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire, providing electricity, natural gas, and water services. As the #1 energy efficiency provider in the nation, Eversource is committed to building a clean energy future in the Northeast through innovative projects and integration of renewable energy resources.