Essential Utilities

Essential Utilities, Inc. is a holding company, which engages in providing water, wastewater and natural gas services through its subsidiaries. It operates through the Regulated Water and Regulated Natural Gas segments. The Regulated Water segment includes water and wastewater regulated utility companies. The Regulated Natural Gas segment consists of natural gas utility companies, which provides natural gas distribution services. The company was founded in 1968 and is headquartered in Bryn Mawr, PA.

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Essential Utilities reports robust earnings, navigates challenges for growth

Essential Utilities delivered solid financial results for Q4 2022 and the full year, driven by strategic acquisitions and infrastructure investments. While facing challenges such as supply chain constraints and acquisition delays, the company is well-positioned to capitalize on growth opportunities and navigate regulatory complexities. Maintaining a focus on cost management and operational efficiency will be crucial for sustaining financial performance.

Essential Utilities reports resilient Q1 earnings amidst environmental focus

Essential Utilities navigated challenges in Q1 2023 to deliver solid financial performance and maintain guidance for the full year. The company's proactive approach to environmental compliance, safety, and growth initiatives positions it well for future success. Balancing operational efficiency, regulatory requirements, and financial strategies will be crucial for sustaining growth and shareholder value.

Essential Utilities reports solid Q2 earnings amidst growth strategies

Essential Utilities delivered a strong financial performance in Q2 2023, with revenue decrease offset by increased net income and EPS, driven by effective expense management.
The company's focus on growth through acquisitions, infrastructure improvements, and cost control initiatives positions it well for future success and earnings growth.
While facing challenges such as regulatory uncertainties and compliance costs, Essential Utilities remains confident in meeting its financial targets and navigating potential obstacles.

Essential Utilities reports strong Q3 performance amidst sector challenges

Essential Utilities navigated challenges in the utilities sector, focusing on capital execution, ESG goals, and controlling expenses. Despite a tragic event and stock performance challenges, the company reported strong Q3 performance and remains committed to growth and sustainability. Opportunities in acquisitions, rate base growth, and innovative projects position Essential Utilities for future success.

Essential Utilities meets earnings guidance amidst revenue challenges and regulatory uncertainties

Essential Utilities demonstrated resilience in meeting earnings guidance despite revenue challenges, emphasizing operational excellence and responsible practices.
The company faces significant PFAS mitigation costs and regulatory uncertainties but sees opportunities in accelerated rate base growth and strategic investments.
Management's focus on customer and investor returns, along with ongoing efforts to address environmental challenges, position Essential Utilities for sustainable growth.

Essential Utilities reports robust Q1 growth amid operational resilience

Essential Utilities' Q1 2024 performance reflects financial strength, operational resilience, and strategic foresight amidst market challenges.
The company's proactive approach to safety, infrastructure, and regulatory compliance positions it well for sustainable growth and stakeholder value creation.
Challenges in weather impacts, settlement complexities, and market dynamics underscore the need for adaptive strategies and stakeholder engagement.

Essential Utilities reports resilient performance amidst weather challenges and regulatory updates

Essential Utilities (WTRG) showcased strong operational resilience and financial performance in Q2 2024, despite weather-related challenges impacting gas usage and revenue. The company's commitment to shareholder value through dividend growth and environmental initiatives underpins its strategic focus.
Challenges such as weather impacts on earnings and regulatory uncertainties were evident, emphasizing the need for adaptive strategies. However, opportunities in infrastructure investments, regulatory authorizations, and environmental leadership position Essential Utilities for future growth.
Navigating regulatory complexities and balancing operational efficiency with revenue generation remain key priorities for the company. By addressing challenges proactively and capitalizing on growth opportunities, Essential Utilities aims to sustain its financial stability and drive long-term value creation.

Essential Utilities (WTRG) reports strong Q3 earnings and outlines growth strategies

Essential Utilities (WTRG) delivered a robust performance in Q3 2024, demonstrating financial strength and strategic planning. The company faces challenges in regulatory compliance and environmental impact but has opportunities for growth and expansion.

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Essential Utilities, Inc. is a holding company, which engages in providing water, wastewater, and natural gas services through its subsidiaries. It operates through the Regulated Water and Regulated Natural Gas segments. The Regulated Water segment includes water and wastewater regulated utility companies. The Regulated Natural Gas segment refers to natural gas utility companies, which provide natural gas distribution services. The company was founded in 1968 and is headquartered in Bryn Mawr, PA.

Essential Utilities' (WTRG) first-quarter earnings are lower than expected. WTRG is investing regularly to strengthen its infrastructure and expand operations via organic and inorganic means.

Essential Utilities (WTRG) Q1 Earnings Miss Estimates, Sales Up

Essential Utilities (WTRG) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.76 per share a year ago.

Essential Utilities (WTRG) Lags Q1 Earnings Estimates

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today reported results for the first quarter ended March 31, 2023. “We remain on track to meet our full year earnings per share guidance despite the unusually warm weather in our natural gas footprint in addition to continued elevated inflation and rising interest rates in the first quarter. Despite the inflationary headwinds, our heightened focus reduced overall operating and maintenance expenses in the first quarter,” said.

Essential Utilities Reports Financial Results for Q1 2023

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today announced its Aqua Pennsylvania subsidiary signed a purchase agreement to acquire the wastewater system in Greenville, PA for $18 million. The wastewater sale is expected to close in the first quarter of 2024. The wastewater collection network and treatment plant in Mercer County is currently operated by the Greenville Sanitation Authority and has over 2,300 customer connections, and serves over 1,700 additional custom.

Essential Utilities' Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million

Essential Utilities (WTRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Essential Utilities (WTRG) Q1 Earnings Expected to Decline

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BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities today announced Alicia Beauchamp, a 20-year veteran of the company, as Director of its state-of-the-art water analysis and technology lab. The lab is a cornerstone of the company's work to ensure water quality across the eight states where it operates Aqua water and wastewater services.

Essential Utilities Names Alicia Beauchamp to Lead Aqua Division's Environmental Laboratory

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. launched its second annual Essential Earth Day, a month-long celebration of volunteer events, donations and employee education opportunities across the company's water and natural gas segments. The activities center around the company's mission of protecting and providing Earth's most essential resources and improving the communities it serves. They will run through the end of April.

Essential Utilities Kicks Off Second Annual Earth Day 2023 as It Also Celebrates Its Third Anniversary

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter ended March 31, 2023 following market close on May 8, 2023. The company's conference call with financial analysts will take place on Tuesday, May 9, 2023, at 11 a.m. Eastern Daylight Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors.

Essential Utilities to Report Earnings for Q1 2023

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BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Chairman and CEO Chris Franklin shared the following comments today: “Today is an important day. “This morning, the EPA proposed a maximum level for PFAS ‘forever chemicals' in drinking water for the United States. They expect to set a final limit by the end of this year or early next year. We welcome the government to the fight against these toxins as we begin the work to meet these standards.

Essential Utilities Comment on Today's EPA Proposal On a Maximum Contaminant Level for PFAS Toxins

Essential Utilities' WTRG, -1.45% stock declined as much as 3% on Wednesday after U.S.-based short seller Spruce Point Capital Management published a report into the utilities firm.

Essential Utilities shares drop 3% after critical short seller report

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Essential Utilities, Inc. (NYSE:WTRG ) Q4 2022 Earnings Conference Call February 27, 2023 11:00 AM ET Company Participants Brian Dingerdissen - Vice President, Investor Relations and Treasurer Chris Franklin - Chairman and Chief Executive Officer Dan Schuller - Executive Vice President and Chief Financial Officer Conference Call Participants Ryan Connors - Northcoast Research Travis Miller - Morningstar Gregg Orrill - UBS Davis Sunderland - Baird Jonathan Reeder - Wells Fargo Operator Good day and welcome to the Essential Utilities Full-Year 2022 Earnings Call. This meeting is being recorded.

Essential Utilities, Inc. (WTRG) Q4 2022 Earnings Call Transcript

Essential Utilities' (WTRG) fourth-quarter earnings are lower than expected. WTRG continues to make acquisitions and investments to strengthen its water and natural gas operations.

Essential Utilities (WTRG) Q4 Earnings Lag Estimates, Sales Up

Essential Utilities (WTRG) delivered earnings and revenue surprises of -2.22% and 26.87%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Essential Utilities (WTRG) Q4 Earnings Lag Estimates

Essential Utilities Reports Record Financial Results for 2022

BRYN MAWR, Pa.--(BUSINESS WIRE)--The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.2870 per share, payable June 1, 2023, to all shareholders of record on May 12, 2023. The June 2023 dividend payment of $0.2870 per share represents a $0.0188, or 7% increase over the June 2022 dividend payment of $0.2682 per share.

Essential Declares June 2023 Dividend

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Essential Utilities (WTRG) raises its 3-year capital expenditure guidance and reaffirms its willingness to expand water operations through systematic acquisitions.

Essential Utilities (WTRG) Unveils 2023 & Long-Term Guidance

Utilities enter 2023 historically expensive, trading at nearly 20x forward operating earnings estimates. Regulated utility stocks attracted buyers last year amid broad market turmoil.

Essential Utilities: Shares Remain Expensive After A Q4 Bounce

BRYN MAWR, Pa.--( BUSINESS WIRE )--Essential Utilities Inc. (NYSE: WTRG) today announces earnings guidance, 3-year rate base guidance, 3-year infrastructure investment plans, and reaffirmation of ESG commitments.

Essential Utilities Reaffirms 2022 Guidance, Announces 2023 and Long-term Guidance and Plans to Report Earnings for Full-year 2022

BRYN MAWR, Pa.--( BUSINESS WIRE )--Essential Utilities Inc. (NYSE: WTRG) today announced that its regulated water subsidiary, Aqua Ohio has signed an asset purchase agreement with Ohio's Lawrence County Commissioners to purchase the Union Rome Sewer (URS) system which includes a wastewater collection network and treatment plant serving 5,300 connections in the southeast corner of the County for $25.5 million.

News for Essential Utilities Stock (WTRG)