Eversource Energy - Company Profile
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Eversource Energy (Eversource) is an energy holding company. The company distributes and transmits electricity and supplies natural gas and water. The company sources water from owned surface water reservoirs and groundwater wells and purchases water from other water suppliers. It procures electricity through short-term and spot purchases in the New England wholesale power market. Eversource also offers energy conservation and management solutions through interactive planning tools, energy saving tips, and energy usage information; and electric vehicle charging services. The company serves residential, commercial, industrial, municipal and fire protection and other customers in Connecticut, Massachusetts, and New Hampshire. Eversource is headquartered in Springfield, Massachusetts, the US.
Headquarters
United States of America
Address
300 Cadwell Dr, Springfield, Massachusetts, 01104-1742
Website
www.eversource.com
Telephone
1 860 6655000
No of Employees
10,171
Industry
Power
Ticker Symbol & Exchange
ES (NYSE)
Revenue (2022)
$11.9B
-2.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-131.5%
(2022 vs 2021)
Market Cap*
$20.6B
Net Profit Margin (2022)
XYZ
-132.3%
(2022 vs 2021)
* As of and is in US$
Eversource Energy premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Products | Services |
| Electricity | Electricity Transmission |
| Natural Gas | Energy Conservation and Management |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company entered an agreement with Global Infrastructure Partners to sell its 50% ownership share in South Fork Wind and Revolution Wind. |
| 2024 | Contracts/Agreements | In February, the company and Orsted were chosen by the state of New York to engage in negotiations for a 25-year agreement regarding their Sunrise Wind offshore wind farm. |
| 2024 | Contracts/Agreements | In January, the company entered into an agreement to sell a 50% stake in the Sunrise Wind offshore project to Orsted. |
Competitor Comparison
| Key Parameters | Eversource Energy | Edison International | Dominion Energy Inc | Xcel Energy Inc | Public Service Enterprise Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Springfield | Rosemead | Richmond | Minneapolis | Newark |
| State/Province | Massachusetts | California | Virginia | Minnesota | New Jersey |
| No. of Employees | 10,171 | 14,316 | 17,700 | 12,100 | 12,543 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Joseph R. Nolan, Jr. | Chairman; Chief Executive Officer; President | Executive Board | 2020 | 59 |
| Philip J. Lembo | Chief Financial Officer; Executive Vice President | Senior Management | 2016 | - |
| Werner J. Schweiger | Executive Vice President; Chief Operating Officer | Senior Management | 2014 | 63 |
| Jay S. Buth | Vice President; Chief Accounting Officer; Controller | Senior Management | - | 53 |
| James W. Hunt, III | Executive Vice President - Corporate Relations and Sustainability and Secretary | Senior Management | 2021 | 51 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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