Eversource Energy - ES STOCK NEWS

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.

Eversource Energy (NYSE:ES) will host a conference call with financial analysts on May 5, 2022, at 8:30 a.m. ET, to discuss its financial performance for Q1 2022. The live audio presentation will be available on the company’s website.

Recognized as a top energy provider, Eversource serves around 4.4 million customers in Connecticut, Massachusetts, and New Hampshire, focusing on delivering reliable energy and promoting clean energy initiatives, including solar and offshore wind solutions.

Synergis Software is hosting a free live webinar on April 6, 2022, at 2:00 p.m. EDT, focused on overcoming challenges in drawing management for utility companies. The webinar will feature experts from Eversource, Great River Energy, and Hoosier Energy discussing the impact of poor drawing management and sharing best practices. Attendees will learn how to enhance collaboration, increase operational efficiency, and reduce costs. The session includes a live Q&A for participants to get their queries addressed.

Aquarion Company has announced its plan to acquire The Torrington Water Company (TWC) in a stock-for-stock transaction approved by both companies' boards. TWC shareholders will receive Aquarion's parent company shares, Eversource Energy, valued at approximately $92.81 per share, based on Eversource's recent closing price. The acquisition will expand Aquarion's customer base by adding about 10,100 customers to its existing 226,000. The deal is subject to TWC shareholder approval and regulatory review, with expected completion by the end of 2022.

Eversource Energy reported full-year 2021 earnings of $1,220.5 million, translating to $3.54 per share, slightly down from $3.55 in 2020. The fourth-quarter earnings were $306.7 million or $0.89 per share, up from $271.9 million or $0.79 per share in the previous year. Notable after-tax acquisition-related charges totaled $23.6 million for the year. The company anticipates 2022 earnings between $4.00 and $4.17 per share. Eversource aims for a 5-7% annual growth in earnings per share through 2026, with a focus on clean energy initiatives and operational efficiency.

Eversource Energy (NYSE: ES) has announced a conference call scheduled for February 17, 2022, at 8 a.m. Eastern Time. During the call, senior management will address the company's financial performance for 2021 and offer insights into the outlook for 2022. This live audio presentation will be available on the Eversource website in the Investors section. The company serves approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire, focusing on providing reliable energy and water delivery while promoting a clean energy future.