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Eversource Energy (ES) Q1 Earnings Match Estimates
ZACKS· 2025-05-01 22:30
Eversource Energy (ES) came out with quarterly earnings of $1.50 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this New England power provider would post earnings of $0.99 per share when it actually produced earnings of $1.01, delivering a surprise of 2.02%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Eversource, w ...
Eversource(ES) - 2025 Q1 - Quarterly Results
2025-05-01 20:18
Exhibit 3.1 The Commonwealth of Massachusetts Secretary of the Commonwealth One Ashburton Place, Boston, MA 02108 CERTIFICATE OF AMENDMENT TO THE DECLARATION OF TRUST OF EVERSOURCE ENERGY (Pursuant to Massachusetts General Laws, Chapter 182, Section 2) We, the undersigned, being a majority of the Trustees and the Secretary of Eversource Energy, a Massachusetts voluntary association organized under a Declaration of Trust dated January 15, 1927, as previously amended (the "Declaration of Trust"), DO HEREBY CE ...
Eversource Energy to Release Q1 Earnings: Here's What to Expect
ZACKS· 2025-04-28 14:15
Eversource Energy (ES) is scheduled to release first-quarter 2025 results on May 1, after market close. The company delivered an earnings surprise of 2.02% in the last reported quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Key Factors That Might Have Impacted ES' Q1 PerformanceEversource Energy’s first-quarter earnings are expected to have gained from its focus on being a pure-play re ...
Eversource Energy (ES) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-04-24 15:07
The market expects Eversource Energy (ES) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 1, 2025, might help the stock move higher if these key numbers are ...
Forget S&P 500 And Buy These Dividend Icons Instead
Seeking Alpha· 2025-03-26 15:00
iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.Retirement income is a trickier landscape now than what it used to be. That’s because one used to be able to get broad diversification through the S&P 500 ( ...
Eversource Energy: One Of The Last Undervalued Regulated Utilities
Seeking Alpha· 2025-03-25 18:17
"Fundamental Options" would be the title of my investing style, because I combine fundamental analysis with the power of options. I use Fundamental Analysis to quantitatively and qualitatively assess individual stocks and ETFs, and I pursue various strategies: Income oriented, especially BDCs, but also Utilities; Growth At A Reasonable Price, especially Tech, having a background in Software Development; Deep Value, based on Discounted Cash Flow and / or other industry specific valuation methods; Dividend Ar ...
Eversource Energy: Deep Discount Comes With Risks
Seeking Alpha· 2025-02-17 01:57
Over the past year or so, Eversource Energy (NYSE: ES ) has been streamlining its operations, shifting away from offshore wind and divesting its water business to strengthen its core electric and natural gas services. Like many of its industryJoseph Jones, professor at The University of Southern Mississippi, has over fifteen years of experience studying the market. He focuses on portfolio construction from a dividend growth investor's perspective. The insights expressed in his research are solely his own; t ...
Eversource(ES) - 2024 Q4 - Annual Report
2025-02-14 19:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Registrant; State of Incorporation; Address; Telephone Number; Commission File Number; and I.R.S. Employer Identification No. EVERSOURCE ENERGY (a Ma ...
Eversource(ES) - 2024 Q4 - Earnings Call Transcript
2025-02-12 18:29
Financial Data and Key Metrics Changes - Eversource Energy reported earnings per share (EPS) of $2.27 for 2024, compared to a GAAP loss of $1.26 per share in 2023, reflecting a significant turnaround [34] - Non-GAAP earnings were $4.57 per share in 2024, up from $4.34 per share in 2023, marking a year-over-year growth rate of 5.3% [34] - The company ended 2024 with over 5% growth in earnings and increased its first quarter 2025 dividend by 5.2% on an annualized basis [20] Business Line Data and Key Metrics Changes - Electric transmission earned $2.03 per share in 2024, up from $1.84 per share in 2023, driven by investments in service reliability [35] - Electric distribution earnings were $1.77 per share in 2024, slightly up from $1.74 per share in 2023, due to increased revenues from base distribution rate increases [36] - Natural gas distribution earned $0.81 per share in 2024, compared to $0.64 per share in 2023, attributed to higher base distribution rate increases [36] - Water distribution segment earned $0.12 per share in 2024, up from $0.09 per share in 2023, primarily due to lower depreciation expenses [37] Market Data and Key Metrics Changes - The company received approval for a $77 million revenue increase effective November 1, 2024, in Massachusetts, with additional increases planned [40] - In New Hampshire, a rate review filing requested a $182 million increase effective August 1, 2025, with an interim increase of $61 million approved [43] Company Strategy and Development Direction - Eversource is focused on enhancing operational efficiency, investing in regulated opportunities, and delivering value to shareholders and customers [62] - The company plans to increase its five-year capital investment plan by nearly 10%, primarily aimed at transmission investments to address aging infrastructure [21] - Eversource aims to maintain a strong focus on customer satisfaction and reliability while expanding its diverse energy initiatives [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a long-term earnings growth rate of 5% to 7%, despite headwinds in 2025 [60] - The company is committed to improving its balance sheet and expects significant improvement in cash flows from operations in 2025 [57] - Management highlighted the importance of regulatory relationships and constructive rate mechanisms to support future growth [26] Other Important Information - Eversource announced the sale of Aquarion Water for approximately $2.4 billion, which will help reduce debt and strengthen the balance sheet [32] - The company was recognized as one of America's most responsible companies by Newsweek for its commitments to environmental, social, and corporate governance [14] Q&A Session Summary Question: Support for PURA expansion in Connecticut - Management stated they are indifferent to whether PURA has three or five commissioners, emphasizing the need for a fair and transparent process [69] Question: FFO to debt target for 2025-2029 - Management confirmed that the focus remains on improving the FFO to debt ratio, aiming to maintain it well above the Moody's downgrade threshold of 13% [76] Question: Timing and methodology for equity financing - Management indicated that they plan to utilize the ATM program for future equity needs, allowing for controlled market entry [83] Question: Impact of gas line extension proposals in Massachusetts - Management noted that it is premature to discuss the implications of the DPU's proposal to end most gas line extensions, as they are still formulating their response [130] Question: Timeline for the lawsuit against PURA - Management stated there is no set timeline for the court's decision regarding the lawsuit filed for transparency from PURA [100] Question: Drivers for long-term growth rate - Management highlighted the recovery of deferred storm costs and constructive rate mechanisms as key drivers for achieving the 5% to 7% growth rate in the future [108]
Eversource Energy Q4 Earnings and Revenues Beat Estimates
ZACKS· 2025-02-12 13:31
Eversource Energy (ES) reported fourth-quarter 2024 adjusted earnings of $1.01 per share, which surpassed the Zacks Consensus Estimate of 99 cents by 2%. The bottom line also increased 6.3% from the year-ago figure of 95 cents.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Total Revenues of ESRevenues of $2.97 billion beat the Zacks Consensus Estimate of $2.81 billion by 5.7%. Total revenues also increased 10.4% from the year-ago figure of $2.69 billion.Full-year 2024 revenues totale ...