Eversource Statement on Proposed Final Decision to Approve Aquarion Sale

Eversource Energy (NYSE: ES) has issued a statement following the Connecticut Public Utilities Regulatory Authority’s (PURA) proposed final decision to approve the sale of the Aquarion Water Company to the South Central Connecticut Regional Water Authority. John Moreira, Eversource Executive Vice President, CFO, and Treasurer, described the decision as a constructive development. The company is currently evaluating the conditions outlined in PURA’s decision, although the sale is not factored into Eversource’s 2026 guidance.

In their fourth quarter 2025 earnings call, Eversource indicated they had already taken proactive measures to ensure stability with or without the Aquarion transaction. These measures included issuing Junior Subordinated Notes, filing a rate case for Aquarion, and executing a $600 million debt issuance last October. Eversource's annual guidance for 2026 maintains earnings between $4.80 and $4.95 per share, with a long-term growth rate of 5 to 7 percent through 2030, based on a 2025 non-GAAP earnings figure of $4.76 per share.

Highlighting Aquarion's strengths, Moreira noted the company’s top-tier management and quality asset base. Although the final decision from PURA is expected on March 25, 2024, closing the transaction may take additional time and procedures.

Eversource, a leader in corporate citizenship and recognized as the top U.S. utility by TIME for 2024, serves around 4.6 million customers across Connecticut, Massachusetts, and New Hampshire. The company emphasizes energy efficiency and sustainable practices, showcasing its commitment to advancing a clean energy future in the Northeast. For further updates, visit eversource.com and aquarionwater.com.

Eversource Energy (NYSE: ES) is navigating a significant transitional phase, particularly following the Connecticut Public Utilities Regulatory Authority (PURA)'s proposed final decision to approve the sale of Aquarion Water Company to the South Central Connecticut Regional Water Authority. From a financial analyst perspective, several key insights stand out following Eversource's recent statements and actions.

Firstly, the decision appears constructive and aligns with Eversource's overall strategic positioning. CFO John Moreira emphasized that the sale is not factored into the company’s 2026 guidance, reflecting a prudent approach to operational stability. The proactive measures taken, such as the issuance of Junior Subordinated Notes and a rate case for Aquarion, further signify Eversource's intention to maintain financial health, irrespective of the sale's outcome. Investors should closely monitor the company's liquidity and debt management strategies, particularly following the substantial $600 million debt issuance.

Secondly, Eversource's long-term guidance remains intact, projecting earnings between $4.80 and $4.95 per share for 2026, underscoring confidence in its operational foundations despite the changes. The credibility of its management team and their focus on quality assets also bolster investor confidence in the company's prospects.

Additionally, Eversource's recognition as the top U.S. utility in TIME's List of World’s Best Companies for 2024 enhances its brand reputation, which can drive customer loyalty and potentially improve financial performance. The firm’s commitment to integrating clean energy solutions positions it favorably in an environmentally conscious market.

As the March 25 final decision approaches, investors should keep a close watch on further developments. A positive resolution could provide a bullish sentiment for Eversource stock, while any delays might invite volatility. Overall, maintaining a diversified portfolio and a discerning outlook on Eversource's strategic moves amid regulatory dynamics will be essential for investors.