Sector: Utilities | Industry: Electric Utilities |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 300 Cadwell Dr SPRINGFIELD MA 01104-1742 |
Tel: | 1-781-4418862 |
Website: | www.eversource.com |
IR: | See website |
Key People | ||
Joseph R. Nolan Chairman of the Board of Trustees, President, Chief Executive Officer | John M. Moreira Chief Financial Officer, Executive Vice President, Treasurer | Paul Chodak Chief Operating Officer, Executive Vice President |
Gregory B. Butler Executive Vice President, General Counsel | Susan Sgroi Executive Vice President-Human Resources and Information Technology | Penelope M. Conner Executive Vice President - Customer Experience and Energy Strategy |
James W. Hunt Executive Vice President - Corporate Relations and Sustainability | Jay S. Buth Chief Accounting Officer, Vice President, Controller |
Business Overview |
Eversource Energy is a utility holding company, which is engaged in the energy delivery business through its subsidiaries. Its segments include Electric Distribution, Electric Transmission, Natural Gas Distribution and Water Distribution. The Electric Distribution segment is engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts and New Hampshire, respectively, and the solar power facilities of NSTAR Electric. The Electric Transmission segment own and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The Natural Gas Distribution segment distributes natural gas to its customers in Massachusetts and Connecticut. The Water Distribution segment provides water services to over 241,000 residential, commercial, industrial, municipal and fire protection and other customers, in 72 towns and cities in Connecticut, Massachusetts and New Hampshire. |
Financial Overview |
For the fiscal year ended 31 December 2023, Eversource Energy revenues decreased 3% to $11.91B. Net loss totaled $442.2M vs. income of $1.4B. Revenues reflect Electric Distribution segment decrease of 5% to $8.97B. Net loss reflects Water Distribution segment income decrease of 1% to $59.4M. Dividend per share increased from $2.55 to $2.70. Basic Earnings per Share excluding Extraordinary Items decreased from $4.05 to -$1.27. |
Employees: | 10,171 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $47,616M as of Dec 31, 2023 |
Annual revenue (TTM): | $11,906M as of Dec 31, 2023 |
EBITDA (TTM): | $3,708M as of Dec 31, 2023 |
Net annual income (TTM): | -$442.24M as of Dec 31, 2023 |
Free cash flow (TTM): | -$3,617M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $26,775M as of Dec 31, 2023 |
Shares outstanding: | 350,726,912 as of Mar 5, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |