Eversource Energy (NYSE:ES ) Q1 2025 Earnings Conference Call May 2, 2025 9:00 AM ET Company Participants Rima Hyder - Vice President of Investor Relations Joe Nolan - Chairman, President and Chief Executive Officer John Moreira - Executive Vice President and Chief Financial Officer and Treasurer Jay Buth - Vice President and Controller Conference Call Participants Durgesh Chopra - Evercore ISI Carly Davenport - Goldman Sachs Jeremy Tonet - JPMorgan Securities Sophie Karp - KBCM Anthony Crowdell - Mizuho Travis Miller - Morningstar Julien Dumoulin Smith - Jefferies Paul Patterson - Glenrock Associates Andrew Weisel - Scotiabank Operator Good day, and thank you for standing by. Welcome to the Eversource Energy First Quarter 2025 Earnings Call.
ES' first-quarter earnings and revenues increase year over year. Total operating expenses also increase during the same period.
Eversource Energy (ES) came out with quarterly earnings of $1.50 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.49 per share a year ago.
ES' first-quarter 2025 results are expected to benefit from new rates, increased transmission investments, and lower operation and maintenance expenses.
Eversource (ES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The current economic landscape feels like a tightrope walk for investors.
ES' systematic capital investment plans and expansion of renewable operations should further improve its overall performance.
The S&P 500's high valuation and low yield make it unappealing for value and income investors. In this article, I highlight 2 durable dividend stocks that support far higher yields that are well-supported by cashflows. Both have long track records of raising their payouts and are far more attractively valued than the S&P 500.
2024 was pivotal for utility stocks, with Eversource Energy transitioning to a 100% regulated utility, despite challenges like regulatory hurdles in Connecticut. Eversource's strategic focus includes divesting non-core assets, strengthening its balance sheet, and projecting 5%-7% EPS growth through 2029. Valuation models indicate Eversource is undervalued by ~15%, making it a compelling investment, especially with a sum of undervaluation, dividend yield, and growth exceeding 20%.
Eversource is shifting back to a pure-play regulated utility, divesting non-core assets, and investing in grid modernization to meet growing electricity demand. The company's Q4 results showed recovery, with a significant improvement in EPS and ambitious capex plans. Despite attractive valuation, near-term risks give me pause: regulatory headwinds, potential credit rating pressure, and equity dilution.
Eversource Energy (NYSE:ES ) Q4 2024 Results Conference Call February 12, 2025 9:00 AM ET Company Participants Rima Hyder - Vice President of Investor Relations Joe Nolan - Chairman, President & Chief Executive Officer John Moreira - Executive Vice President and Chief Financial Officer & Treasurer Jay Buth - Vice President & Controller Conference Call Participants Shar Pourreza - Guggenheim Carly Davenport - Goldman Sachs Steve Fleishman - Wolfe Bill Appicelli - UBS Durgesh Chopra - Evercore Ross Fowler - Bank of America Jeremy Tonet - JPMorgan Andrew Weisel - Scotiabank Angie Storozynski - Seaport Operator Good day, and thank you for standing by. Welcome to the Eversource Energy Q4 and Year-end 2024 Earnings Call.
ES' fourth-quarter earnings and revenues increase year over year. Total operating expenses also increase during the same period.