Eversource Energy has completed the nearly US$1.70 billion sale of its Aquarion water business, using the proceeds to reduce debt and reposition itself as a pure-play regulated electric and natural gas utility. The company discussed the transaction during its second-quarter 2026 earnings call, emphasizing a sharper focus on core infrastructure and grid reliability investments. Management highlighted that the sale proceeds are earmarked to lower leverage at a time when interest payments are not well covered by earnings and rising financing costs remain a key concern. The call also served as a near-term catalyst for investors to assess how the Aquarion exit and pure-play shift are reflected in the balance sheet and interest costs. Eversource’s multi-year capital expenditure plan and post-sale leverage will be critical factors in evaluating the company’s risk profile amid potentially tougher regulation that could compress allowed returns.
Eversource EnergySale of Aquarion for ~$1.70B reduces debt and shifts to pure-play regulated utility, improving balance sheet and focus.