Eversource Energy Completes the Sale of Aquarion Water Company
Eversource Energy completed the $2.4 billion sale of Aquarion Water Company to Aquarion Water Authority, with approximately $1.7 billion in adjusted net equity proceeds directed to debt reduction. The company expects to recognize an after-tax non-cash charge of approximately $115 million ($0.31 per share) in Q2 2026 and revised its 2026 non-GAAP EPS guidance to $4.57-$4.72 to reflect the absence of Aquarion earnings. Eversource reiterated its 5-7% long-term EPS growth target through 2030, using the adjusted $4.65 midpoint as the base year, with growth expected toward the upper half of that range by 2028.
Key figures
- Guidance
- Revised 2026 non-GAAP EPS $4.57-$4.72 per share; long-term EPS growth 5-7% through 2030
- Deal Value Usd
- $2.4 billion
- Charge per share
- $0.31
- Long term eps growth rate
- 5-7%
- Adjusted net equity proceeds
- $1.7 billion
- After tax non recurring charge
- $115 million
- Adjusted 2026 guidance midpoint
- $4.65
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.