Recent Updates — ES
Eversource Energy completed the sale of Aquarion Water Company to Aquarion Water Authority for $2.4 billion in cash. The company expects to recognize an after-tax non-cash non-recurring charge of approximately $115 million, or $0.31 per share, in the second quarter of 2026, with adjusted net equity proceeds of approximately $1.7 billion to be used to displace Eversource Energy debt. Eversource Energy is an energy utility company providing electric and natural gas distribution and transmission services.
Eversource Energy announced its unaudited financial results for the first quarter ended March 31, 2026, and reported the outcomes of its 2026 Annual Meeting of Shareholders. Shareholders elected nine trustees, approved executive compensation and the appointment of Deloitte & Touche LLP, but rejected a proposal to establish an independent board chairman.
Eversource Energy is pursuing legal action following a FERC order that sets a 9.57% base return on equity for New England transmission owners, a decision expected to reduce the company's 2026 after-tax earnings by approximately $70 million. Consequently, the company has revised its 2026 non-GAAP earnings guidance to a range of $4.57 to $4.72 per share.
Eversource Energy issued $1.5 billion in unsecured Junior Subordinated Notes due in 2056, consisting of $750 million in Series A notes and $750 million in Series B notes. The issuance was completed on February 26, 2026, through an underwriting agreement with several major financial institutions.
Eversource Energy announced its unaudited results of operations for the three- and twelve-month periods ended December 31, 2025. The company will host a conference call on February 13, 2026, to discuss its financial performance through the fourth quarter.