Welcome to our dedicated page for Eversource Energy news (Ticker: ES), a resource for investors and traders seeking the latest updates and insights on Eversource Energy stock.
Eversource Energy (NYSE:ES) is a distinguished Fortune 500 and S&P 500 energy company based in Connecticut, Massachusetts, and New Hampshire. As the operator of New England’s largest energy delivery system, Eversource Energy serves over 3.7 million electric and natural gas customers. The company is steadfast in its commitment to safety, reliability, environmental leadership, and expanding energy options.
Founded with a commitment to customer satisfaction and community service, Eversource Energy has grown through strategic acquisitions, including NStar in 2012, Aquarion in 2017, and Columbia Gas in 2020. This expansion has enabled the company to provide rate-regulated electric, gas, and water distribution services to more than 4 million customers in the Northeast U.S.
In recent developments, Eversource Energy is in the process of exiting its 50% partnership with European utility Ørsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. This move is part of the company's broader strategy to focus on its core regulated businesses. Eversource had previously exited most of its unregulated businesses in 2006.
At the heart of Eversource Energy’s success are its dedicated employees. The company prides itself on fostering a diverse, talented team that values teamwork, collaboration, and safety. This engaged workforce is essential to delivering reliable energy services and achieving the company’s goals.
Financially, Eversource Energy remains robust, with ongoing projects aimed at improving infrastructure and expanding renewable energy sources. The company’s dedication to environmental stewardship is evident through its initiatives to enhance energy efficiency and sustainability.
Recent news highlights the dynamic nature of Eversource’s operations:
- Partnership exit with Ørsted for offshore wind projects.
- Ongoing infrastructure improvements.
- Commitment to environmental sustainability.
Eversource Energy (NYSE: ES) has announced a webcast conference call scheduled for February 12, 2025, at 9 a.m. Eastern Time, where senior management will review the company's 2024 financial performance. The live audio presentation will be accessible from the Investors section of Eversource's website, with a Q&A session available for pre-registered participants.
Eversource serves 1.8 million customers across Massachusetts, including 1.47 million electric customers in 140 communities, 639,000 gas customers in 117 communities, and 11,500 water customers in five communities. The company employs over 10,000 people across three states and has been recognized as the #1 U.S. utility on TIME's List of World's Best Companies for 2024. As the nation's leading energy efficiency provider, Eversource is advancing clean energy initiatives including geothermal, solar, offshore wind, electric vehicles, and battery storage projects.
Eversource (NYSE: ES) has announced the energization of the Sudbury to Hudson Transmission Reliability Project, completing the Greater Boston and New Hampshire Solution suite of 50 transmission projects. The final project includes a new nine-mile, 115 kV transmission line between Sudbury and Hudson substations, with 7.6 miles underground within an inactive MBTA railroad corridor and 1.4 miles under Hudson streets.
The project, energized on December 6, enhances regional electric reliability and increases system capacity. As part of the development, Eversource has contributed to environmental conservation by removing invasive species, enhancing vernal pool habitats, and installing over 2,000 woody plants. The company will continue restoration efforts through early 2025, after which DCR will complete the rail trail.
The initiative serves multiple purposes, including strengthening grid resilience against extreme weather and creating a new multi-use rail trail for local communities. The project received recognition from the Massachusetts Central Rail Trail Coalition with a Golden Spike Award in late 2023.
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.
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