Eversource is returning to being a focused regulated utility by selling off non-essential assets and putting money into updating the power grid to handle increasing electricity needs. Their fourth-quarter results showed a recovery, with a notable rise in earnings per share and bold plans for capital expenditure. However, I have some concerns about short-term risks, such as regulatory challenges, possible pressure on their credit rating, and dilution of equity.
Eversource Energy (NYSE:ES) will hold its Q4 2024 Results Conference Call on February 12, 2025, at 9:00 AM ET. The call will feature company leaders, including Rima Hyder, Joe Nolan, and John Moreira, along with participants from various financial institutions. Thank you for joining us for the Eversource Energy Q4 and Year-end 2024 Earnings Call.
ES saw a rise in both earnings and revenues in the fourth quarter compared to the previous year. However, total operating expenses also went up during this time.
ES is likely to see positive results in the fourth quarter of 2024 due to the completed sale of the South Fork and Revolution Wind projects, along with higher investments.
BOSTON--(BUSINESS WIRE)--Eversource, along with BXP representatives, community partners, and local officials, has officially started construction on the Greater Cambridge Energy Program (GCEP). This unique transmission project aims to meet the growing electric demand in the area, improve the reliability of the transmission system, and create a flexible grid that can effectively serve customers while promoting electrification and reducing carbon emissions. The groundbreaking initiative will.
ES has announced that it will sell Aquarion Water Company. This move is expected to allow the company to concentrate more on its main electric and natural gas services.
Eversource Energy announced on Monday that it will sell its public water supply division for $2.4 billion. This decision is part of the company's strategy to reduce debt and concentrate on its main electric and natural gas operations.
Eversource Energy has revealed that it has reached a final agreement to sell Aquarion Water Company to the Aquarion Water Authority, which is a semi-public entity in Connecticut. This new water authority will operate independently alongside the South Central Connecticut Regional Water Authority. The total value of the deal will be adjusted based on specific closing conditions.
HARTFORD, Conn. and BOSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Eversource Energy is set to stream a conference call with financial analysts on Wednesday, February 12, 2025, starting at 9 a.m.
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy (NYSE: ES) has been named one of America's Most Responsible Companies for 2025 by Newsweek and Statista Inc. for the sixth consecutive year. This esteemed recognition showcases the company's strong performance in environmental, social, and corporate governance (ESG) efforts, emphasizing Eversource's dedication to sustainability and a workplace culture that values these principles.