Eversource Energy Reveals Exploration Of Sale Of Water Distribution Business
Portfolio Pulse from Benzinga Newsdesk
Eversource Energy is considering the sale of its water distribution business, which saw a decrease in earnings from $36.8 million in 2022 to $33.1 million in 2023. The fourth quarter earnings also dropped from $7.4 million in 2022 to $5.7 million in 2023, attributed to higher depreciation, O&M, and interest expenses.

February 13, 2024 | 10:54 pm
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Eversource Energy is exploring the sale of its water distribution business following a decline in earnings, with annual earnings falling to $33.1 million in 2023 from $36.8 million in 2022.
The news of Eversource Energy exploring the sale of its water distribution business could have a neutral to slightly negative short-term impact on its stock price. While the sale could potentially unlock value and improve focus on core operations, the decline in earnings from this segment highlights operational challenges that may concern investors. The impact is considered neutral due to the uncertainty surrounding the sale and its terms, which are yet to be disclosed.
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IMPORTANCE 75
RELEVANCE 100