Latest news with #EversourceEnergy
Yahoo
5 days ago
- Business
- Yahoo
Eversource Energy Stock Outlook: Is Wall Street Bullish or Bearish?
Springfield, Massachusetts-based Eversource Energy (ES) is a public utility holding company that delivers energy. Valued at $24 billion by market cap, the company provides electric service to customers in Connecticut, New Hampshire, and western Massachusetts. It also distributes natural gas throughout Connecticut. Shares of this utility giant have struggled to keep up with the broader market over the past year. ES has gained marginally over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 21.9%. However, in 2025, ES stock is up 14.8%, surpassing the SPX's 7.8% gains on a YTD basis. More News from Barchart Nat-Gas Prices Erase Early Gains as US Weather Forecasts Cool Possible End to the Russian-Ukraine War Weighs on Crude Prices Crude Prices Pressured by Possible End to the Russian-Ukraine War Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Narrowing the focus, ES' underperformance is also apparent compared to the Utilities Select Sector SPDR Fund (XLU). The exchange-traded fund has gained about 18.1% over the past year. However, ES' gains on a YTD basis outshine the ETF's 14.4% returns over the same time frame. ES' underperformance is attributed to higher interest expenses, primarily due to the absence of capitalized interest following the sale of its offshore wind projects. On Jul. 31, ES shares closed up marginally after reporting its Q2 results. Its EPS of $0.96 surpassed Wall Street's expectations of $0.95. The company's revenue totaled $2.8 billion, representing a 12% year-over-year increase. ES expects full-year EPS to be $4.67 to $4.82. For the current fiscal year, ending in December, analysts expect ES' EPS to grow 3.9% to $4.75 on a diluted basis. The company's earnings surprise history is impressive. It beat or matched the consensus estimate in each of the last four quarters. Among the 18 analysts covering ES stock, the consensus is a 'Moderate Buy.' That's based on eight 'Strong Buy' ratings, seven 'Holds,' one 'Moderate Sell,' and two 'Strong Sells.' The configuration has been reasonably stable over the past three months. On Aug. 5, Scotiabank analyst Andrew Weisel maintained a 'Sell' rating on ES and set a price target of $55. The mean price target of $70.13 represents a 6.4% premium to ES' current price levels. The Street-high price target of $85 suggests an upside potential of 28.9%. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
01-08-2025
- Business
- Yahoo
Eversource Energy Q2 Earnings Surpass Estimates, Revenues Rise Y/Y
Eversource Energy ES reported second-quarter 2025 adjusted earnings of 96 cents per share, which surpassed the Zacks Consensus Estimate of 95 cents by 1.05%. In the year-ago quarter, the company reported earnings of 95 cents per share. Total Revenues of ES Revenues of $2.84 billion missed the Zacks Consensus Estimate of $3.19 billion by 10.9%. Total revenues also increased 12.2% from the year-ago figure of $2.53 billion. Eversource Energy Price, Consensus and EPS Surprise Eversource Energy price-consensus-eps-surprise-chart | Eversource Energy Quote Highlights of ES' Q2 Results Total operating expenses were $2.17 billion, up 12.4% year over year due to higher operations and maintenance expenses and increased depreciation and amortization expenses. Operating income totaled $663 million, up 10% year over expenses amounted to $293.2 million, 8.1% higher than the prior-year level. ES' Segmental Performance Electric Transmission: Earnings totaled $208 million, up 10.1% year over year. This was due to continued investment in Eversource Energy's electric transmission Distribution: Earnings amounted to $161.5 million, up 7.9% year over year. This was due to higher revenues from base distribution rate increases at Eversource Energy's New Hampshire and Massachusetts electric businesses, and continued investments in the distribution Gas Distribution: This segment reported earnings of $35.3 million compared with $27.1 million in the year-ago quarter. Water Distribution: Earnings amounted to $14.4 million compared with $8 million in the year-ago quarter. Eversource Parent & Other Companies: The segment reported a loss of $66.5 million, wider than the year-ago quarter's reported loss of $38.5 million. The increased loss was primarily due to higher interest expense owing to the absence of capitalized interest as a result of the sale of ES' offshore wind projects. ES' Guidance Eversource Energy continues to expect 2025 earnings in the range of $4.67-$4.82 per share. The Zacks Consensus Estimate is pegged at $4.73 per share, lower than the midpoint of the company's guided expects the long-term EPS growth rate to be between 5% and 7% through 2029, using $4.57 (in 2024) as a base. ES' Zacks Rank Eversource Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Upcoming Utility Releases NRG Energy NRG is scheduled to report second-quarter results on Aug. 6, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.54 per share, which suggests a year-over-year increase of 4.1%.NRG's long-term (three to five years) earnings growth rate is 15.4%. The Zacks Consensus Estimate for 2025 earnings is pinned at $7.81 per share, which implies a year-over-year improvement of 17.6%.Pinnacle West Capital Corporation PNW is scheduled to report second-quarter results on Aug. 6, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.58 per share, which implies a year-over-year decrease of 10.2%.PNW's long-term earnings growth rate is 2.12%. The Zacks Consensus Estimate for 2025 earnings is pinned at $4.53 per share, which implies a year-over-year decline of 13.6%.Alliant Energy LNT is slated to report second-quarter results on Aug. 7, after market close. The Zacks Consensus Estimate for earnings is pegged at 62 cents per share, which implies a year-over-year increase of 8.8%.LNT's long-term earnings growth rate is 6.59%. The Zacks Consensus Estimate for 2025 earnings is pinned at $3.21 per share, which implies a year-over-year improvement of 5.6%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NRG Energy, Inc. (NRG) : Free Stock Analysis Report Pinnacle West Capital Corporation (PNW) : Free Stock Analysis Report Alliant Energy Corporation (LNT) : Free Stock Analysis Report Eversource Energy (ES) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Wire
31-07-2025
- Business
- Business Wire
Eversource Energy Reports Second Quarter 2025 Results
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy (NYSE: ES) today reported earnings of $352.7 million, or $0.96 per share, for the second quarter of 2025, compared with earnings of $335.3 million, or $0.95 per share, for the second quarter of 2024. For the first half of 2025, Eversource Energy reported earnings of $903.5 million, or $2.45 per share, compared with earnings of $857.2 million, or $2.43 per share, for the first half of 2024. 'Eversource delivered solid operational and financial results in the second quarter, reflecting the dedication and expertise of our talented workforce,' said Joe Nolan, Chairman, President, and Chief Executive Officer. 'Our employees demonstrated exceptional commitment to our customers, responding quickly to a series of weather events across our service territory. We strengthened our financial foundation by boosting cash flow from operations and enhancing our balance sheet. Importantly, we continued to prioritize customer affordability while progressing constructive regulatory outcomes that support our long-term investment strategy.' The company reaffirms its 2025 earnings projection of between $4.67 per share and $4.82 per share. It also reaffirms its compound annual earnings per share growth rate within the range of 5 to 7 percent from a 2024 base of $4.57 per share 1. Electric Transmission Eversource Energy's transmission segment earned $208.0 million in the second quarter of 2025 and $407.5 million in the first half of 2025, compared with earnings of $189.0 million in the second quarter of 2024 and $365.7 million in the first half of 2024. Transmission segment results improved in both periods due primarily to continued investment in Eversource's electric transmission system. Electric Distribution Eversource Energy's electric distribution segment earned $161.5 million in the second quarter of 2025 and $350.0 million in the first half of 2025, compared with earnings of $149.7 million in the second quarter of 2024 and $317.9 million in the first half of 2024. Improved results in both periods were due primarily to higher revenues from base distribution rate increases at Eversource's New Hampshire and Massachusetts electric businesses, and continued investments in our distribution system. The higher revenues were partially offset by higher property taxes, interest and depreciation. Natural Gas Distribution Eversource Energy's natural gas distribution segment earned $35.3 million in the second quarter of 2025 and $253.7 million in the first half of 2025, compared with earnings of $27.1 million in the second quarter of 2024 and $217.6 million in the first half of 2024. Improved results in both periods were due primarily to the base distribution rate increases at Eversource's Massachusetts gas businesses, effective November 1, 2024, to recover continued investment in our natural gas infrastructure. The higher revenues were partially offset by higher operations and maintenance, interest, depreciation and property tax expense. Water Distribution Eversource Energy's water distribution segment earned $14.4 million in the second quarter of 2025 and $17.9 million in the first half of 2025, compared with earnings of $8.0 million in the second quarter of 2024 and $13.4 million in the first half of 2024. Improved results in both periods were due primarily to higher revenues and lower interest expense. Eversource Parent and Other Companies Eversource Energy parent and other companies had losses of $66.5 million in the second quarter of 2025 and $125.6 million in the first half of 2025, compared with losses of $38.5 million in the second quarter of 2024 and $57.4 million in the first half of 2024. The increased loss in both periods was due primarily to higher interest expense due to the absence of capitalized interest as a result of the sale of our offshore wind projects. Eversource Energy Consolidated Earnings The following table reconciles consolidated GAAP earnings per share for the second quarter and first half of 2025 and 2024: Financial results for the second quarter and first half of 2025 and 2024 for Eversource Energy's business segments and parent and other companies are noted below: Eversource Energy has approximately 371 million common shares outstanding and operates New England's largest energy delivery system. It serves approximately 4.6 million electric, natural gas and water customers in Connecticut, Massachusetts and New Hampshire. 1 All per-share amounts in this news release are reported on a diluted basis. The only common equity securities that are publicly traded are common shares of Eversource Energy. The second quarter and first half of 2025 and 2024 earnings discussion includes a financial measure, EPS by business, that is not recognized under generally accepted accounting principles (non-GAAP), and is calculated by dividing the net income attributable to common shareholders of each business by the weighted average diluted Eversource Energy common shares outstanding for the period. The earnings and EPS of each business do not represent a direct legal interest in the assets and liabilities of such business, but rather represent a direct interest in Eversource Energy's assets and liabilities as a whole. Full year 2024 earnings discussion includes a non-GAAP financial measure referencing earnings and EPS excluding a loss on the sales of the offshore wind equity method investments and a loss on the pending sale of the Aquarion water distribution business. Eversource Energy uses these non-GAAP financial measures to evaluate and provide details of earnings results by business and to more fully compare and explain results without including these items. This information is among the primary indicators management uses as a basis for evaluating performance and planning and forecasting of future periods. Management believes the impacts of the loss on the offshore wind equity method investments and the loss on the pending sale of the Aquarion water distribution business are not indicative of Eversource Energy's ongoing costs and performance. Management views these charges as not directly related to the ongoing operations of the business and therefore not an indicator of baseline operating performance. Due to the nature and significance of the effect of these items on net income attributable to common shareholders and EPS, management believes that the non-GAAP presentation is a more meaningful representation of Eversource Energy's financial performance and provides additional and useful information to readers of this report in analyzing historical and future performance of the business. These non-GAAP financial measures should not be considered as alternatives to reported net income attributable to common shareholders or EPS determined in accordance with GAAP as indicators of Eversource Energy's operating performance. Eversource Energy makes statements concerning its expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance or growth and other statements that are not historical facts. These statements are 'forward-looking statements' within the meaning of U. S. federal securities laws. Readers can generally identify these forward-looking statements through the use of words or phrases such as 'estimate,' 'expect,' 'pending,' 'anticipate,' 'intend,' 'plan,' 'project,' 'believe,' 'forecast,' 'would,' 'should,' 'could' and other similar expressions. Forward-looking statements involve risks and uncertainties that may cause actual results or outcomes to differ materially from those included in the forward-looking statements. Forward-looking statements are based on the current expectations, estimates, assumptions or projections of management and are not guarantees of future performance. These expectations, estimates, assumptions or projections may vary materially from actual results. Accordingly, any such statements are qualified in their entirety by reference to, and are accompanied by, the following important factors that may cause actual results or outcomes to differ materially from those contained in forward-looking statements, including, but not limited to cyberattacks or breaches, including those resulting in the compromise of the confidentiality of our proprietary information and the personal information of our customers; the ability to qualify for investment tax credits and investment tax credit adders; variability in the costs and final investment returns of the Revolution Wind offshore wind project as it relates to the purchase price post-closing adjustment under the terms of the sale agreement for the project; disruptions in the capital markets or other events that make our access to necessary capital more difficult or costly; changes in economic conditions, including impact on interest rates, tax policies, tariffs, and customer demand and payment ability; ability or inability to commence and complete our major strategic development projects and opportunities; acts of war or terrorism, physical attacks or grid disturbances that may damage and disrupt our electric transmission and electric, natural gas, and water distribution systems; actions or inaction of local, state and federal regulatory, public policy and taxing bodies; substandard performance of third-party suppliers and service providers; fluctuations in weather patterns, including extreme weather due to climate change; changes in business conditions, which could include disruptive technology or development of alternative energy sources related to our current or future business model; contamination of, or disruption in, our water supplies; changes in levels or timing of capital expenditures; changes in laws, regulations, Presidential executive orders or regulatory policy, including compliance with environmental laws and regulations; changes in accounting standards and financial reporting regulations; actions of rating agencies; and other presently unknown or unforeseen factors. Other risk factors are detailed in Eversource Energy's reports filed with the Securities and Exchange Commission (SEC)and are updated as necessary and available on Eversource Energy's website at and on the SEC's website at and management encourages you to consult such disclosures. All such factors are difficult to predict and contain uncertainties that may materially affect Eversource Energy's actual results, many of which are beyond our control. You should not place undue reliance on the forward-looking statements, as each speaks only as of the date on which such statement is made, and, except as required by federal securities laws, Eversource Energy undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.
Yahoo
12-07-2025
- Business
- Yahoo
What to Expect From Eversource's Next Quarterly Earnings Report
Springfield, Massachusetts-based Eversource Energy (ES) is a public utility holding company that engages in the energy delivery business. With a market cap of $23.9 billion, the company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. The company is set to unveil its second-quarter results on Thursday, July 30. Ahead of the event, analysts expect ES to report non-GAAP earnings of $0.99 per share, up 4.2% from the profit of $0.95 per share reported in the year-ago quarter. Additionally, the company has surpassed or met the Street's bottom-line projections in each of the past four quarters. Creating a 38% 'Dividend' on SOFI Stock Using Options Nvidia Stock Regains Momentum. Is It Time to Buy, Sell, or Hold NVDA? Joby Aviation Just Hit a New 52-Week High. Should You Buy the Flying Car Stock Here? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For the current year, its earnings are expected to be $4.74 per share, up 3.7% from $4.57 per share reported in the year-ago quarter. Moreover, in fiscal 2026, its earnings are expected to rise 4.9% year-over-year to $4.97 per share. ES stock has grown 13.8% over the past 52 weeks, underperforming the Utilities Select Sector SPDR Fund's (XLU) 18.9% surge but outperforming the S&P 500 Index's ($SPX) 11.5% uptick during the same time frame. ES shares closed down marginally after reporting its Q1 results. The company's revenue came in at $4.1 billion, increasing 23.6% year over year. Moreover, its adjusted EPS for the quarter amounted to $1.50, which successfully matched the consensus estimates. Looking ahead, ES expects full-year EPS in the range of $4.67 to $4.82. The consensus opinion on ES is moderately optimistic, with a 'Moderate Buy' rating overall. Of the 19 analysts covering the stock, opinions include eight 'Strong Buys,' eight 'Holds,' one 'Moderate Sell,' and two 'Strong Sells.' ES' average analyst price target of $68.81 indicates a potential upside of 4.1% from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
11-07-2025
- Business
- Yahoo
What to Expect From Eversource's Next Quarterly Earnings Report
Springfield, Massachusetts-based Eversource Energy (ES) is a public utility holding company that engages in the energy delivery business. With a market cap of $23.9 billion, the company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. The company is set to unveil its second-quarter results on Thursday, July 30. Ahead of the event, analysts expect ES to report non-GAAP earnings of $0.99 per share, up 4.2% from the profit of $0.95 per share reported in the year-ago quarter. Additionally, the company has surpassed or met the Street's bottom-line projections in each of the past four quarters. Creating a 38% 'Dividend' on SOFI Stock Using Options Nvidia Stock Regains Momentum. Is It Time to Buy, Sell, or Hold NVDA? Joby Aviation Just Hit a New 52-Week High. Should You Buy the Flying Car Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the current year, its earnings are expected to be $4.74 per share, up 3.7% from $4.57 per share reported in the year-ago quarter. Moreover, in fiscal 2026, its earnings are expected to rise 4.9% year-over-year to $4.97 per share. ES stock has grown 13.8% over the past 52 weeks, underperforming the Utilities Select Sector SPDR Fund's (XLU) 18.9% surge but outperforming the S&P 500 Index's ($SPX) 11.5% uptick during the same time frame. ES shares closed down marginally after reporting its Q1 results. The company's revenue came in at $4.1 billion, increasing 23.6% year over year. Moreover, its adjusted EPS for the quarter amounted to $1.50, which successfully matched the consensus estimates. Looking ahead, ES expects full-year EPS in the range of $4.67 to $4.82. The consensus opinion on ES is moderately optimistic, with a 'Moderate Buy' rating overall. Of the 19 analysts covering the stock, opinions include eight 'Strong Buys,' eight 'Holds,' one 'Moderate Sell,' and two 'Strong Sells.' ES' average analyst price target of $68.81 indicates a potential upside of 4.1% from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
