M&A
confidence high
sentiment positive
materiality 0.75
Eversource completes $2.4B sale of Aquarion Water Company; revises 2026 guidance
EVERSOURCE ENERGY
- Total purchase price $2.4B cash; adjusted net equity proceeds ~$1.7B to displace debt.
- Expects after-tax non-cash charge of ~$115M ($0.31/share) in Q2 2026.
- Revised 2026 non-GAAP EPS guidance to $4.57-$4.72, excluding Aquarion earnings.
- Long-term EPS growth target 5-7% through 2030, using $4.65 mid-point as base year.
- Sale approved by CT PURA on March 25, 2026; closed June 30, 2026.