Eversource Completes $2.4B Aquarion Sale; Expects $115M Charge
Eversource Energy announced the successful completion of the sale of Aquarion Water Company to Aquarion Water Authority for a total cash purchase price of $2.4 billion. The adjusted net equity proceeds of approximately $1.7 billion will be used to reduce Eversource's debt, strengthening its balance sheet and focusing on core electric and natural gas operations. As a result of the sale, Eversource expects to recognize an after-tax non-cash non-recurring charge of approximately $115 million, or $0.31 per share, in the second quarter of 2026. The company's revised 2026 non-GAAP guidance is $4.57 to $4.72 per share, and it maintains its long-term EPS growth rate expectation of 5% to 7% through 2030.
Key Highlights
- Eversource Energy completed the sale of Aquarion Water Company to Aquarion Water Authority.
- Total transaction purchase price was $2.4 billion in cash.
- Adjusted net equity proceeds of approximately $1.7 billion will be used to displace Eversource debt.
- Company expects to recognize an after-tax non-cash non-recurring charge of approximately $115 million, or $0.31 per share, in Q2 2026.
- Revised 2026 non-GAAP guidance is $4.57 to $4.72 per share, reflecting the absence of Aquarion earnings.
- Company expects cumulative long-term EPS growth rate of 5% to 7% through 2030.
Price Impact
More from ES
Eversource Q2 EPS $0.14, Down from $0.96; Offshore Wind Loss Impacts Results
Eversource Q2 GAAP EPS $0.14, Down from $0.96; Reaffirms 2026 Guidance
Eversource Q2 GAAP EPS $0.14, Down 85%; Aquarion Sale, Wind Charge