Eversource Energ Stock Price, News & Analysis

Aquarion Company has successfully acquired The Torrington Water Company (TWC) for an enterprise value of $86.4 million, structured as a stock-for-stock tax-free reorganization. TWC, now a wholly-owned subsidiary, adds approximately 10,100 customers to Aquarion's existing base of 226,000 customers in Connecticut. The merger follows regulatory approval and is expected to enhance service reliability and quality. This acquisition marks Aquarion's 87th water system integration since 2011, emphasizing its commitment to sustainable water service.

Williams Industrial Services Group (NYSE: WLMS) has signed a Master Service Agreement with Eversource Energy (NYSE: ES) to provide natural gas pipeline services in Connecticut. The MSA is effective from September 16, 2022 and spans three years, with an option for a two-year extension. This contract is part of Williams' strategy to enter the growing transmission and distribution market, benefiting from federal infrastructure spending. CEO Tracy Pagliara emphasized that this agreement will enhance the company's gross margin and overall performance.

Eversource Energy (NYSE: ES) announced leadership changes, effective December 31, 2022. Jim Judge will retire as Executive Chairman after a 45-year career, with Joe Nolan, currently President and CEO, stepping in as Chairman of the Board. Judge praised Nolan's leadership and vision, emphasizing continuity in the company’s long-term strategy. Eversource continues to focus on environmental stewardship and providing reliable energy and water services across Connecticut, Massachusetts, and New Hampshire.

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.