Eversource Energy - ES STOCK NEWS

Eversource Energy (NYSE: ES) will host a conference call on May 4, 2023, at 9 a.m. Eastern Time, to discuss its financial performance for the first quarter of 2023. This live call will be accessible via the Investors section of the company's website. Eversource is recognized as a leading energy company with a commitment to corporate citizenship, ranking #1 in Newsweek's list of America’s Most Responsible Companies 2023. The company services approximately 4.4 million customers in Connecticut, Massachusetts, and New Hampshire, emphasizing reliable energy and water delivery alongside superior customer service. Its initiatives focus on sustainable energy resources, including solar, offshore wind, electric vehicles, and battery storage, marking its role in promoting a clean energy future.

Ørsted and Eversource showcased the progress on the first American-built offshore wind service operations vessel (SOV), ECO EDISON, at the Edison Chouest shipyard in Louisiana. The SOV, currently 50% complete, marks a significant step in developing a domestic offshore energy supply chain. Designed for safety and efficiency, the vessel will support offshore wind projects capable of powering over a million U.S. homes. With over 400 workers involved, this initiative signifies a strong investment in local job creation and energy independence, expected to be operational by 2024.

Eversource Energy (NYSE: ES) has once again been recognized by Barron’s as the top utility in its 2023 Most Sustainable Companies list, ranking 17th overall, up from 40th last year. This marks the fourth consecutive year Eversource has made the list, reflecting its commitment to sustainability across operations. The ranking is based on over 230 environmental, social, and governance (ESG) metrics, highlighting the company's performance concerning customers, communities, and the planet. Eversource serves approximately 4.4 million customers in Connecticut, Massachusetts, and New Hampshire and employs around 9,600 individuals.

Ørsted and Eversource have announced a joint proposal for Revolution Wind 2, an 884-megawatt offshore wind project aimed at powering over 500,000 Rhode Island homes. The initiative represents more than $2 billion in economic benefits, including job creation and investments in ports and shipbuilding. If selected, it will significantly contribute to Rhode Island's clean energy goals and create hundreds of local jobs. The project supports environmental justice and workforce training initiatives. Revolution Wind 2 is part of Rhode Island's broader commitment to achieve 100% clean energy by 2033, aligning with the state's emerging offshore wind industry.

Eversource Energy (NYSE: ES) reported full-year 2022 earnings of $1,404.9 million ($4.05 per share), up from $1,220.5 million ($3.54 per share) in 2021. The company also posted fourth quarter earnings of $320.2 million ($0.92 per share), compared to $306.7 million ($0.89 per share) in Q4 2021. Excluding after-tax charges, adjusted earnings were $1,419.9 million ($4.09 per share) for the full year. Eversource projects 2023 non-GAAP earnings between $4.25 and $4.43 per share. Key drivers of improved results included higher revenues and lower pension expenses across Electric Transmission and Natural Gas Distribution segments. However, the Electric Distribution segment saw lower Q4 earnings due to a $10 million commitment to assist Connecticut households with energy costs.

Eversource Energy announced a quarterly dividend of $0.675 per share, payable on March 31, 2023, to shareholders of record as of March 2, 2023. This declaration reflects the company's ongoing commitment to return value to its shareholders. Additionally, a conference call with financial analysts is scheduled for February 14, 2023, at 9 a.m. Eastern Time, where senior management will discuss the company's financial performance for 2022. Eversource serves approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire, and is recognized as a leader in corporate responsibility and energy efficiency.

Ørsted and Eversource have jointly submitted a proposal for New York's third offshore wind solicitation, aiming to deliver renewable power to over 1 million homes. This project is projected to create thousands of jobs and contribute billions to the state economy, while focusing on environmental justice and integrating clean energy solutions. The joint venture is developing South Fork Wind and Sunrise Wind, with total capacities of 130 MW and 924 MW, respectively. New York is set to lead the nation in offshore wind with a goal of 9,000 MW by 2035. This initiative is supported by a $500 million investment for offshore wind infrastructure.