Eversource to sell Aquarion Water for ~$2.4B; expects ~$300M loss in Q4 2024

EVERSOURCE ENERGY

Enterprise value of $2.4B: $1.6B cash + $800M net debt extinguished at close.
Sale to Aquarion Water Authority, a CT quasi-public water authority; expected close late 2025.
Eversource expects ~$300M loss on sale in Q4 2024, including ~$140M income tax expense.
Proceeds to pay down parent debt and reinvest in core electric and natural gas businesses.
Long-term EPS growth target of 5% to 7% through 2028 reaffirmed.

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