| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.9K | 35.5% | 2.3% |
| Total Income | 2.9K | 35.5% | 2.3% |
| Expenditure | 2.4K | 31.1% | 8.6% |
| PBT | — | ||
| Net Profit | 53.68 | 91.2% | 84.8% |
| OPM | 18.63% | 5.26pp | 4.73pp |
| NPM | 1.85% | 11.62pp | 10.58pp |
| EPS | 0.14 | 91.3% | 85.4% |
Eversource Energy Completes Sale of Aquarion Water Company for $2.4 Billion
01 Jul 2026 · 1 Jul, 3:31 pm
Summary
Eversource Energy announced the successful completion of the sale of Aquarion Water Company for $2.4 billion in cash, with adjusted net equity proceeds of approximately $1.7 billion designated for debt reduction. The company anticipates a $115 million after-tax non-cash charge in Q2 2026 related to the sale. Consequently, Eversource has revised its 2026 non-GAAP earnings per share guidance to a range of $4.57 to $4.72, excluding Aquarion's earnings. Management views this transaction as a significant milestone in strengthening the balance sheet and positioning Eversource as a pure-play regulated pipes and wires utility, focusing on core electric and natural gas operations.
Key Highlights
- 1
Eversource Energy has successfully completed the sale of Aquarion Water Company for a total transaction purchase price of $2.4 billion in cash.
- 2
Adjusted net equity proceeds of approximately $1.7 billion from the sale will be used to displace Eversource Energy debt, strengthening the balance sheet.
- 3
The company 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 as a result of the sale.
- 4
Eversource's revised 2026 non-GAAP guidance is now between $4.57 per share to $4.72 per share, reflecting the absence of Aquarion earnings.
- 5
The company continues to expect a cumulative long-term earnings per share growth rate within the range of 5 to 7 percent through 2030.
- 6
Management views the sale and associated charges as not directly related to ongoing operations and therefore not indicative of baseline operating performance.
Management Comments
John Moreira
We are pleased to close this transaction, which is a key piece of our commitment to further strengthen our balance sheet and credit profile. The sale of Aquarion constitutes a significant milestone in furthering our strategic position as a pure-play regulated pipes and wires utility, allowing us to optimize our portfolio by focusing on our core electric and natural gas operations across New England while efficiently reinvesting capital for the benefit of our customers. As we continue to collaborate with stakeholders across our service territories in Connecticut, Massachusetts and New Hampshire to deliver-cost-effective solutions that ensure safe, reliable electric and natural gas service for our customers, we are confident that Aquarion’s operational success, sound management and financial stewardship will continue under the new authority model – benefitting residents, businesses and communities for years to come.
Informational and educational content only. Not investment advice.