Eversource Energy - ES STOCK NEWS

Eversource Energy reported Q2 2021 earnings of $264.5 million, or $0.77 per share, up from $252.2 million, or $0.75 per share, in Q2 2020. For the first half of 2021, earnings reached $630.7 million ($1.83 per share), compared to $587 million ($1.75 per share) in the same period last year. Charges linked to the Columbia Gas acquisition totaled $6.8 million and $13 million for Q2 and H1 2021, respectively. The company reaffirmed its 2021 EPS projection of $3.81-$3.93, highlighting a long-term EPS growth rate of 5-7%. Eversource serves 4.3 million customers across New England.

Eversource Energy (NYSE: ES) will host a conference call to discuss its financial performance for Q2 2021 on July 30, 2021, at 9 a.m. EDT. The webcast will be available on its Investors page. Eversource serves approximately 4.3 million customers across Connecticut, Massachusetts, and New Hampshire. Recognized for corporate responsibility, Eversource is the top energy efficiency provider in the nation and is committed to advancing a clean energy future through innovative solutions such as solar and offshore wind. For more details, visit eversource.com.

Dominion Energy, Ørsted, and Eversource announced a deal for Ørsted and Eversource to charter Dominion's Charybdis, the first Jones Act-qualified offshore wind turbine installation vessel in the U.S. The vessel, expected to be ready by late 2023, supports the construction of the Revolution Wind and Sunrise Wind projects, generating over 1.6 gigawatts of renewable energy for nearly 1 million homes. The charter also enables support for Dominion's Coastal Virginia Offshore Wind project, contributing to job creation and economic growth while having no impact on regulated customers' bills.

Eversource Energy (NYSE: ES) reported first quarter 2021 earnings of $366.1 million, or $1.06 per share, a rise from $334.8 million, or $1.01 per share, in Q1 2020. The results included after-tax costs of $6.2 million from the acquisition of Columbia Gas of Massachusetts and a $30 million charge related to customer credits due to storm damage in 2020. While electric transmission earnings increased to $135.4 million, electric distribution earnings fell to $93.2 million. The company reaffirmed a long-term EPS growth rate of 5-7% and adjusted its 2021 EPS guidance to $3.81-$3.93.

Eversource Energy will host a conference call on May 10, 2021, at 9 a.m. EDT to discuss its Q1 2021 financial performance, accessible via their Investors section online. Eversource serves about 4.3 million customers across Connecticut, Massachusetts, and New Hampshire, recognized as a leader in corporate citizenship and energy efficiency. The company is committed to fostering a clean energy future, integrating solutions like solar and offshore wind into its operations. For further updates, visit their website or follow them on social media.

Aquarion Company has announced a definitive agreement to acquire New England Service Company (NESC), making NESC a wholly-owned subsidiary. This tax-free stock-for-stock transaction will see NESC shareholders receive 0.51208 shares of Eversource Energy for each NESC share, valuing the deal at $44.90 per NESC share. The merger will expand Aquarion's customer base by nearly 10,000, enhancing its ability to deliver regulated water services in Connecticut, Massachusetts, and New Hampshire. The transaction is subject to shareholder and regulatory approvals, with an anticipated closing by the end of 2021.

Eversource Energy (NYSE: ES) has announced a leadership change, effective May 5, 2021. Jim Judge will transition from Chairman, President, and CEO to Executive Chairman of the Board. Joe Nolan, who has been with Eversource since 2012 in various leadership roles, will step up as President and CEO. This change is part of a carefully planned succession strategy aimed at continuing Eversource's success in clean energy and customer relations. Nolan's extensive background positions him well to advance the company’s clean energy vision amidst a pivotal moment for the energy sector.

Eversource Energy (NYSE: ES) reported a 2020 net income of $1.205 billion ($3.55 per share), up from $909.1 million ($2.81 per share) in 2019. Key fourth-quarter earnings reached $271.9 million ($0.79 per share), marking an increase from $250 million ($0.76 per share) a year earlier. Despite costs of $32.1 million linked to Columbia Gas acquisition, long-term EPS growth is projected at 5-7% through 2025. The electric distribution segment earned $544 million, aided by higher revenues, although offset by increased storm restoration costs.