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.

BRYN MAWR, Pa.--(BUSINESS WIRE)--The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.3071 per share, payable September 1, 2023, to all shareholders of record on August 11, 2023. The September 2023 dividend will represent a 7% increase compared to the $0.2870 cash dividend the company paid in June of this year. This marks the 33rd dividend increase in the past 32 years. The company has paid a consecutive quarterly cash dividend for 78 ye.

Essential Declares 7% Dividend Increase

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today announced its Aqua Pennsylvania subsidiary completed the purchase of the Municipal Authority of the Borough of Shenandoah (MABS) water system for $12 million. MABS serves approximately 3,000 customers in Schuylkill County, PA. “Our customers deserve a reliable system with consistently high water quality,” said James Rusin, MABS Chairman. “Getting there requires the expertise, technology resources, and operational skill.

Essential Utilities' Aqua Pennsylvania Subsidiary Acquires Shenandoah Water System

The average of price targets set by Wall Street analysts indicates a potential upside of 29.6% in Essential Utilities (WTRG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

How Much Upside is Left in Essential Utilities (WTRG)? Wall Street Analysts Think 29.55%

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Essential Utilities (WTRG) is a Top-Ranked Growth Stock: Should You Buy?

Essential Utilities (WTRG) plans to issue approximately $300 million of common stock in 2023, which is less than the previously stated $500 million worth of equity and/or equity-linked securities.

Essential Utilities (WTRG) Reduces Common Equity Needs in 2023

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today announced lower common equity needs for 2023. The Company now expects to issue, subject to market conditions, approximately $300 million of common stock in 2023, in addition to the equity previously raised through the company's at the market (ATM) program. This equity is to achieve the Company's 2023 capital investment plans and support signed acquisitions in its municipal acquisition program. The company expects to ut.

Essential Utilities Announces Lower Needs for Common Equity in 2023 and Announces Plans to Report Earnings For Second Quarter 2023

Essential Utilities' (WTRG) arm Aqua Ohio acquires Union Rome Sewer system for $25.5 million. The company plans to acquire eight water and wastewater systems to expand operations.

Essential Utilities (WTRG) Arm Buys Union Rome Sewer System

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today announced its Aqua Ohio subsidiary completed the purchase of the Union Rome Sewer (URS) system for $25.5 million. The system includes a wastewater collection network and treatment plant serving 5,300 connections in Lawrence County, Ohio. The URS system has been operating at a deficit for years. It is more than $20 million in debt and in need of millions of dollars in repairs and improvements to meet regulatory standard.

Essential Utilities' Aqua Ohio Subsidiary Acquires Union Rome Sewer System

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BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities announces the appointment of Ron King as vice president of its Peoples gas operations.

Essential Utilities Appoints Ron King as New Vice President, Gas Operations

Essential Utilities (WTRG) reported earnings 30 days ago. What's next for the stock?

Why Is Essential Utilities (WTRG) Down 3.5% Since Last Earnings Report?

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Essential Utilities (WTRG) will continue to fortify operations and efficiently serve the expanding customer base via acquisitions and organic growth. However, strict regulations and fluctuating weather might hurt.

Essential (WTRG) Gains From Buyouts Amid Rate Hike Woes

Essential Utilities, Inc. (NYSE:WTRG ) Q1 2023 Earnings Conference Call May 9, 2023 11:00 AM ET Company Participants Renee Marquis - IR Christopher Franklin - Chairman, President & CEO Daniel Schuller - EVP & CFO Conference Call Participants Ryan Connors - Northcoast Research Partners Paul Zimbardo - Bank of America Merrill Lynch Travis Miller - Morningstar Inc. Davis Sunderland - Robert W. Baird & Co. Gregg Orrill - UBS Jonathan Reeder - Wells Fargo Securities Operator Hello, and welcome to Essential Utilities Q1 2023 Earnings Call.

Essential Utilities, Inc. (WTRG) Q1 2023 Earnings Call Transcript

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.

News for Essential Utilities Stock (WTRG)