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Earnings release · 8-K Exhibit 99

Eversource Energy · Earnings release · 8-K Exhibit 99

ES · Utilities

Filed 2026-06-30 · CY2026 Q2 · Company’s FY2026 Q2 · 1,740 words

Read the original on sec.gov ↗

Palanor summary

Eversource completed the $2.4 billion sale of Aquarion Water Company to Aquarion Water Authority. The net proceeds of $1.7 billion will be used to reduce Eversource debt. The company expects an after-tax non-cash charge of $115 million in Q2 2026. Revised 2026 non-GAAP EPS guidance is $4.57 to $4.72, and long-term EPS growth is projected at 5 to 7 percent through 2030.

Written by Palanor from the full document. Not the company’s words.

Sentiment

+0.40

Confidence

60%

Scored on the whole document. No single passage carries these two numbers, so none is highlighted.

EX-99.12tm2619364d1_ex99-1.htmEXHIBIT 99.1

Exhibit 99.1

News

Release

Eversource Energy Completes

the Sale of Aquarion Water Company

HARTFORD, Conn. and BOSTON, Mass. (June 30, 2026) –

Eversource Energy (NYSE:ES) (“Eversource”) today announced that it has successfully completed the sale of Aquarion Water Company

(“AWC”), consistent with all regulatory terms and requirements, to Aquarion Water Authority (“AWA”), a quasi-public

corporation and political subdivision of the State of Connecticut and a standalone water authority alongside the South Central Connecticut

Regional Water Authority (“RWA”). The total transaction purchase price was $2.4 billion cash. T1The adjusted net equity proceeds

of approximately $1.7 billion will be used to displace Eversource debt, delivering on our commitment to strengthen the Eversource balance

sheet.

On January 27, 2025, Eversource entered a definitive agreement

to sell AWC to AWA. The sale was approved by the Connecticut Public Utilities Regulatory Authority on March 25, 2026.

“We are pleased to close this transaction, which is a key piece

of our commitment to further strengthen our balance sheet and credit profile,” said Eversource Executive Vice President, Chief Financial

Officer and Treasurer John Moreira. “The sale of Aquarion constitutes a significant milestone in T2furthering our strategic position

as a pure-play regulated pipes and wires utility, allowing us to optimize our portfolio by focusing on our core electric and natural gas

operations across New England while efficiently reinvesting capital for the benefit of our customers. As we continue to collaborate with

stakeholders across our service territories in Connecticut, Massachusetts and New Hampshire to deliver-cost-effective solutions that ensure

safe, reliable electric and natural gas service for our customers, we are confident that Aquarion’s operational success, sound management

and financial stewardship will continue under the new authority model – benefitting residents, businesses and communities for years

to come.”

T3As a result of the sale, Eversource 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. G1T4The Company's revised

2026 non-GAAP guidance of $4.57 per share to $4.72 per share includes the impact of the absence of Aquarion earnings. G2T5The Company continues

to expect that its cumulative long-term earnings per share growth rate would be within the range of 5 to 7 percent through 2030, using

the adjusted 2026 non-GAAP earnings guidance mid-point of $4.65 per share as the base year. The Company expects annual earnings growth

towards the upper half of its long-term guidance by 2028.

Citi and Morgan Stanley & Co. LLC served as financial advisors

to Eversource Energy. Ropes & Gray LLP served as legal counsel to Eversource Energy.

This release includes financial measures that are not recognized

under generally accepted accounting principles (non-GAAP) referencing earnings and EPS excluding the loss on sale of the Aquarion water

distribution business and excluding a charge for the March 2026 FERC decision in the FERC base ROE complaints. EPS by business is

also a non-GAAP financial measure and is calculated by dividing the Net Income Attributable to Common Shareholders of each business by

the weighted average diluted Eversource Energy common shares outstanding for the period. The earnings and EPS of each business do not

represent a direct legal interest in the assets and liabilities of such business but rather represent a direct interest in Eversource

Energy’s assets and liabilities as a whole. Eversource Energy uses these non-GAAP financial measures to evaluate and provide details

of earnings results by business and to more fully compare and explain results without including these items. This information is among

the primary indicators management uses as a basis for evaluating performance and planning and forecasting of future periods. Management

believes the loss on sale of the Aquarion water distribution business and the charge for the March 2026 FERC decision in the FERC

base ROE complaints are not indicative of Eversource Energy’s ongoing costs and performance. Management views these charges as not

directly related to the ongoing operations of the business and therefore not indicators of baseline operating performance. Due to the

nature and significance of the effect of these items on Net Income Attributable to Common Shareholders and EPS, management believes that

the non-GAAP presentation is a more meaningful representation of Eversource Energy’s financial performance and provides additional

and useful information to readers of this report in analyzing historical and future performance of the business. These non-GAAP financial

measures should not be considered as alternatives to reported Net Income Attributable to Common Shareholders and EPS determined in accordance

with GAAP as indicators of Eversource Energy's operating performance. Eversource Energy does not provide a reconciliation of guidance

from non-GAAP recurring earnings or non-GAAP recurring EPS to the most directly comparable GAAP measure because it is not able to predict

with reasonable certainty the amount or nature of all items that will be included in Net Income Attributable to Common Shareholders or

recurring EPS for the year ending December 31, 2026. These items are uncertain, depend on many factors and could have a material

impact on Net Income Attributable to Common Shareholders and recurring EPS for the year ending December 31, 2026, and therefore cannot

be made available without unreasonable effort.

This release also includes statements concerning Eversource Energy’s

expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance or growth and

other statements that are not historical facts. These statements are “forward-looking statements” within the meaning of the

U.S. federal securities laws. Generally, readers can identify these forward-looking statements through the use of words or phrases such

as “estimate,” “expect,” “pending,” “anticipate,” “intend,” “plan,” “project,” “believe,” “forecast,” “would,” “should,” “could” and

other similar expressions. Forward-looking statements involve risks and uncertainties that may cause actual results or outcomes to differ

materially from those included in the forward-looking statements. Forward-looking statements are based on the current expectations, estimates,

assumptions or projections of management and are not guarantees of future performance. These expectations, estimates, assumptions or projections

may vary materially from actual results. Accordingly, any such statements are qualified in their entirety by reference to, and are accompanied

by, the following important factors that may cause our actual results or outcomes to differ materially from those contained in our forward-looking

statements, including, but not limited to: cyber events or breaches, including acts of war or terrorism, affecting our systems or the

systems of third parties on which we rely, unauthorized access to, and the misappropriation of, confidential and proprietary Company,

customer, employee, financial or system operating information; actions or inaction of local, state and federal regulatory, public policy

and taxing bodies; changes in laws, regulations, Presidential executive orders or regulatory policy, including compliance with laws and

regulations, which may impact the cost of compliance and strategic initiatives of the Company; adverse publicity, which can harm our reputation,

influence legislative and regulatory bodies, and result in unfavorable outcomes; variability in the costs and final investment returns

of the Revolution Wind and South Fork Wind offshore wind projects as it relates to the purchase price post-closing adjustment under the

terms of the sale agreement for these projects; the ability to qualify for investment tax credits; extreme weather, including severe storms,

due to the impacts of climate change, and fluctuations in weather patterns; physical attacks or grid disturbances that may damage and

disrupt our electric transmission and electric and natural gas distribution systems; ability or inability to commence and complete our

major strategic development projects and opportunities; breakdown, failure of, or damage to operating equipment, information technology

systems, or processes of our transmission and distribution systems; changes in levels or timing of capital expenditures, including unplanned

expenditures and increased capital expenditure requirements; changes in business conditions, which could include disruptive technology

or development of alternative energy sources related to our current or future business model; substandard performance of third-party suppliers

and service providers, or counterparties not meeting their obligations; limits on our access to, or increases in, the cost of capital,

including disruptions in the capital markets or other events that make our access to necessary capital more difficult or costly; changes

in economic conditions, including impact on interest rates, tax policies, tariffs and customer demand and payment ability; changes in

accounting standards and financial reporting regulations; actions of rating agencies, and other presently unknown or unforeseen factors.

Other risk factors are detailed in Eversource Energy’s reports

filed with the Securities and Exchange Commission (“SEC”). They are updated as necessary and available on Eversource Energy’s

website at investors.eversource.com and on the SEC’s website at www.sec.gov and management encourages you to consult such disclosures.

All such factors are difficult to predict and contain uncertainties

that may materially affect Eversource Energy’s actual results, many of which are beyond our control. You should not place undue

reliance on the forward-looking statements, as each speaks only as of the date on which such statement is made, and, except as required

by federal securities laws, Eversource Energy undertakes no obligation to update any forward-looking statement or statements to reflect

events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors

emerge from time to time and it is not possible for us to predict all of such factors, nor can we assess the impact of each such factor

on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those

contained in any forward-looking statements.

Eversource (NYSE: ES), celebrated

as a national leader for its commitment to sustainability and corporate citizenship, is named among America’s Most Responsible

Companies by Newsweek for 2026 and recognized as the #1 utility on USA Today’s list of America’s Climate Leaders

for 2025. Eversource transmits and delivers electricity and natural gas to approximately 4 million customers in

Connecticut, Massachusetts and New Hampshire. The #1 Energy Efficiency Provider in the Nation, Eversource harnesses the commitment of

more than 10,500 employees across three states to build a single, united company around the mission of safely delivering reliable energy

and water with superior customer service. The company is empowering a clean energy future in the Northeast, with nationally recognized

energy efficiency solutions and successful programs to integrate new clean energy resources like a first-in-the-nation networked geothermal

pilot project, solar, offshore wind, electric vehicles and battery storage, into the electric system. For more information, please visiteversource.com, and follow us on X, Facebook, Instagram, and LinkedIn. For more information on

our water services, visit aquarionwater.com.

CONTACT:

Investor Relations:

Rima Hyder

781-441-8882

rima.hyder@eversource.com

Media Relations:

William Hinkle

603-634-2228

william.hinkle@eversource.com

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Mentions · how they’re counted

CategoryUnderlinedWord counterModel’s count
AI

AI, artificial intelligence, generative AI, machine learning, large language model, LLM

000
Layoffs

layoffs, RIF, headcount reduction, workforce optimization, restructuring

0—0
Recession

recession, downturn, contraction, slowdown

000
Tariffs

tariff, trade war, trade barriers, trade restrictions, trade policy

111
Buybacks

share repurchase, buyback program

0—0

Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.

Not placed in the text

These quotes are stored with a score, but no passage here matches them closely enough to highlight. Rather than point at the wrong passage, they are listed as stored.

Theme · Asset sale completion

“Eversource Energy today announced that it has successfully completed the sale of Aquarion Water Company to Aquarion Water Authority.”

Source: SEC EDGAR · public domain · Highlights by Palanor