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High materiality8/10

Eversource completes Aquarion sale; strengthens balance sheet, updates 2026 guidance

Jun 30, 2026, 5:33 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Debt reduction improves credit metrics and long-term growth visibility, offset by one-time charge and non-GAAP adjustments.

AI summary

What happened, with direct paths to the underlying reporting

Eversource closed the $2.4 billion Aquarion Water sale to Aquarion Water Authority, generating about $1.7 billion in net proceeds to de-leverage. The Connecticut regulator approved the transaction, reinforcing the company's focus on core electric and natural gas operations. A $115 million after-tax charge will hit Q2 2026, but the company maintains a 5–7% long-term EPS growth target through 2030.

  • ES completes Aquarion Water sale for $2.4B cash. $1.7B net proceeds to reduce debt.
  • Sale approved by Connecticut PURA; closes as a strategic balance-sheet move.
  • Q2 2026 after-tax non-cash charge about $115M ($0.31/sh).
  • 2026 non-GAAP EPS guidance updated to $4.57–$4.72; long-term growth 5–7% to 2030.

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