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 ...

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 ...

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 (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 ...

Eversource Energy (ES) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.02%. A quarter ago, it was expected that this New England power provider would post earnings of $1.04 per share when it actually produced earnings of $1.13, delivering a surprise of 8.65%.Over the last four quart ...

Financial Performance - Eversource Energy reported full-year 2024 earnings of $811.7 million, or $2.27 per share, compared to a loss of $(442.2) million, or $(1.26) per share in 2023[2]. - Non-GAAP recurring earnings for full-year 2024 totaled $1,634.0 million, or $4.57 per share, an increase from $1,517.7 million, or $4.34 per share in 2023[2]. - Eversource Energy reported earnings per share (EPS) on a diluted basis, excluding losses from offshore wind investments and other non-recurring items[15]. Future Earnings Expectations - The company expects 2025 earnings to be between $4.67 per share and $4.82 per share, with a long-term growth rate of 5 to 7 percent through 2029[5]. Investment Plans - Eversource's five-year investment plan for 2025 to 2029 is $24.2 billion, a nearly 10 percent increase from the previous plan of $22.1 billion[5]. - Eversource expects to raise $1.2 billion of equity over the forecast period of 2025-2029, mainly in the latter half of the period[6]. Segment Performance - The electric transmission segment earned $724.6 million in 2024, up from $643.4 million in 2023, reflecting higher investment levels[7]. - The natural gas distribution segment earned $291.0 million in 2024, compared to $224.8 million in 2023, driven by base distribution rate increases[9]. - The water distribution segment earned $44.6 million in 2024, an increase from $33.1 million in 2023, primarily due to lower depreciation expenses[10]. Strategic Decisions - The company recorded an aggregate net after-tax loss of $524.0 million related to the sale of offshore wind investments in 2024[3]. - Eversource plans to divest Aquarion Water Company, expected to close by late 2025, to strengthen its balance sheet and focus on regulated utility businesses[4]. Non-GAAP Financial Measures - The company emphasizes the use of non-GAAP financial measures to provide a clearer picture of ongoing performance, excluding significant losses and transaction costs[15]. - Eversource Energy's management believes that the non-GAAP presentation offers a more meaningful representation of financial performance, aiding in the analysis of historical and future results[15]. Risk Factors - Forward-looking statements indicate potential risks including cyberattacks, changes in economic conditions, and disruptions in capital markets that could materially affect actual results[16]. - The company acknowledges uncertainties related to major strategic development projects and the impact of regulatory actions on operations[16]. - Eversource Energy's risk factors are detailed in reports filed with the SEC, which are regularly updated and available on their website[17]. - Management cautions against placing undue reliance on forward-looking statements, as they are subject to change and may not reflect future events[18].

Eversource Energy (ES) is scheduled to release fourth-quarter 2024 results on Feb. 11, after market close. The company delivered an earnings surprise of 8.7% 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' Q4 PerformanceThe bottom line is expected to have benefited from the completed sale of its 50% interest in the 132-megawatt ...

Eversource Energy (ES) announced that its board of directors has increased dividends by 5.2%. Following the board's approval, the share price rose 2.1% from Jan. 29, 2025. The new quarterly dividend will be 75.25 cents per share compared with the previous quarter’s 71.5 cents. The new dividend will be payable on March 31, 2025, to stockholders of record as of March 4, 2025.The increased dividend rate resulted in an annualized dividend of $3.01 per share compared with the previous level of $2.86. The current ...

Eversource Energy (ES) announced that it has entered into a definitive agreement to sell Aquarion Water Company (Aquarion) to the Aquarion Water Authority, a quasi-public corporation and political subdivision of the State of Connecticut and a standalone, newly created water authority alongside the South Central Connecticut Regional Water Authority.The total enterprise value of the deal is around $2.4 billion, subject to some closing adjustments. This includes around $1.6 billion in cash and $800 million in ...

HARTFORD, Conn. and BOSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Eversource Energy will webcast a conference call with financial analysts on Wednesday, February 12, 2025, beginning at 9 a.m. Eastern Time, at which senior management will review the company’s financial performance through 2024. This listen-only, live audio presentation will be accessible from the Investors section of the Eversource website. Investors and analysts wishing to participate in the Q&A session of the call and access the event via phon ...