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) provides essential electric and natural gas services to millions across New England through regulated utility operations. This news hub offers investors and stakeholders centralized access to official announcements and strategic developments.
Track critical updates including quarterly earnings, infrastructure investments, and renewable energy initiatives. Our curated collection ensures timely access to press releases about rate cases, system upgrades, and community partnerships.
Discover verified information on operational milestones, regulatory filings, and sustainability efforts. Content spans service territory expansions, storm response preparedness, and clean energy transition plans aligned with state mandates.
Bookmark this page for direct access to Eversource's latest corporate communications. Check regularly for updates impacting one of New England's largest energy delivery systems.
Eversource Energy's Huntsbrook Offshore Wind (OSW) Hub project has been awarded $89 million in federal grant funding through the U.S. Department of Energy's Grid Innovation Program. The project is part of the Power Up New England portfolio, which received a total of $389 million in funding. The Huntsbrook OSW Hub will construct a new 345 kV switching station in Montville, Connecticut, creating a point of interconnection for future offshore wind developers to deliver 2,400 megawatts of offshore wind power.
The project is expected to create thousands of high-quality jobs and provide savings for Connecticut ratepayers. Eversource has committed $4 million to establish the Connecticut Institute for Clean Energy at UConn and $1 million for community benefits. Construction is anticipated to begin in 2028 and continue through 2031, pending necessary permits.
Eversource Energy (NYSE: ES) reported Q2 2024 GAAP earnings of $335.3 million, or $0.95 per share, compared to $15.4 million, or $0.04 per share, in Q2 2023. The company reaffirmed its 2024 non-GAAP recurring earnings projection of $4.50-$4.67 per share and long-term EPS growth rate of 5-7% from a 2023 base of $4.34 per share. Key highlights include:
- Electric Transmission segment earned $189.0 million in Q2 2024, up from $161.0 million in Q2 2023
- Electric Distribution segment earned $149.7 million in Q2 2024, down from $165.5 million in Q2 2023
- Natural Gas Distribution segment earned $27.1 million in Q2 2024, up from $11.7 million in Q2 2023
- Water Distribution segment earned $8.0 million in Q2 2024, down from $9.3 million in Q2 2023
Eversource Energy (NYSE: ES) has announced a webcast conference call with financial analysts on August 1, 2024, at 9 a.m. Eastern Time. The call will review the company's financial performance through the second quarter of 2024. This live audio presentation will be accessible from the Investors section of Eversource's website.
Eversource, recognized as a national leader in corporate citizenship, serves approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire. The company is known for its commitment to energy efficiency and clean energy initiatives, including a pioneering networked geothermal pilot project, solar, offshore wind, electric vehicles, and battery storage integration.
Eversource Energy (NYSE: ES) has completed the sale of its 50% stake in the 924 MW Sunrise Wind project to Ørsted for $230 million, subject to spending adjustments. The payment structure involves 50% at closing and the rest upon achieving construction milestones. The sale was contingent upon the project's successful award under NYSERDA's fourth solicitation for Offshore Wind Renewable Energy Certificates, which was completed on May 31, 2024. Regulatory approvals were obtained from the Federal Energy Regulatory Commission and the New York State Public Service Commission in June 2024. Eversource has divested all ownership in Sunrise Wind and will no longer bear any financial obligations for the project. They will continue to be involved as a service provider for the onshore construction through a separate agreement.
Eversource has received the Environmental Business Council of New England's (EBC) Inaugural Community Choice Award for their pioneering networked geothermal pilot project in Framingham, Massachusetts. This initiative, which connects multiple homes and buildings to a shared geothermal network, aims to reduce greenhouse gas emissions and provide an efficient, cost-effective, and environmentally friendly heating and cooling solution. The award was presented during the EBC APEX Awards Celebration on June 13, 2024, in Boston. Eversource’s recognition underscores its commitment to decarbonization, innovation, and collaboration. The company is a leader in energy efficiency and is recognized nationally for its corporate responsibility efforts. More information on the project can be found on Eversource’s website.
Eversource Energy (NYSE: ES) has been recognized as one of America's Climate Leaders for 2024 by USA TODAY and Statista Inc. This marks the second consecutive year the company has received this distinction, highlighting its success in reducing greenhouse gas emissions intensity. Eversource ranked #4 in the Energy & Utilities category and #173 overall. The award acknowledges the company's dedication to sustainability and clean energy projects across New England. Eversource serves approximately 4.4 million customers in Connecticut, Massachusetts, and New Hampshire and is also noted for its efforts in energy efficiency and integration of clean energy resources.
Eversource Energy reported earnings of $521.8 million, or $1.49 per share, for Q1 2024, compared to $491.2 million, or $1.41 per share, for Q1 2023. The company approved a dividend of $0.715 per share and reaffirmed its 2024 earnings projection. Eversource Energy's various segments showed improved results, with the electric transmission segment earning $176.7 million, the electric distribution segment earning $168.1 million, the natural gas distribution segment earning $190.6 million, and the water distribution segment earning $5.4 million in Q1 2024.
FAQ
What is the current stock price of Eversource Energ (ES)?
What is the market cap of Eversource Energ (ES)?
