Eversource Energy (N:ES)

Business Focus: Electric Utilities

Sector:  Utilities Industry:  Electric Utilities
See Regulatory Filings on SEC
Company Contact
Address: 300 Cadwell Dr
Tel: 1-860-6653249
Website: www.eversource.com
IR: See website
Key People
James J. Judge
Chairman of the Board of Trustee ,President, Chief Executive Officer
Philip J. Lembo
Executive Vice President and Chief Financial Officer
Werner J. Schweiger
Chief Operating Officer, Executive Vice President
Gregory B. Butler
Executive Vice President, General Counsel
Christine M. Carmody
Executive Vice President-Human Resources and Information Technology of Eversource Energy and Eversource Service
Joseph R. Nolan
Executive Vice President-Customer and Corporate Relations of Eversource Energy and Eversource Service
Leon J. Olivier
Executive Vice President-Enterprise Energy Strategy and Business Development of Eversource Energy and Eversource Service
John M. Moreira
Senior Vice President, Treasurer
Jay S. Buth
Chief Accounting Officer, Vice President, Controller
Business Overview
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company's electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts, and New Hampshire and the regulated electric generation businesses. Its electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. Its electric distribution segment consists of the distribution businesses of The Connecticut Light and Power Company (CL&P), NSTAR Electric Company (NSTAR Electric), Public Service Company of New Hampshire (PSNH) and Western Massachusetts Electric Company (WMECO). It also provides water utility services through its subsidiary, Aquarion.
Financial Overview
For the three months ended 31 March 2019, Eversource Energy revenues increased 5% to $2.42B. Net income increased 15% to $308.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Natural Gas Distribution segment income increase of 25% to $107.2M, Electric Transmission segment income increase of 9% to $180.2M.
Employees: 7,998 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $38,703M as of Mar 31, 2019
Annual revenue (TTM): $8,578M as of Mar 31, 2019
EBITDA (TTM): $2,584M as of Mar 31, 2019
Net annual income (TTM): $1,077M as of Mar 31, 2019
Free cash flow (TTM): -$1,214M as of Mar 31, 2019
Net Debt Last Fiscal Year: $15,137M as of Mar 31, 2019
Shares outstanding: 317,461,097 as of Apr 30, 2019
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization