Essential Utilities Earnings Reports

Essential Utilities posted total revenue of $604.4 million in Q4 2024, marking a 26.1% increase year-over-year. The company achieved net income of $184.8 million and EPS of $0.67, reflecting a 34% increase compared to Q4 2023. Growth was driven by regulatory recoveries, increased water and natural gas volume, and successful rate adjustments.

Essential Utilities reported a net income of $69.4 million, or $0.25 per share, for the third quarter of 2024. Revenues increased by approximately 6% to $435.3 million. The company has reinstated multi-year earnings guidance with a compounded annual EPS growth rate of 5-7% through 2027.

Essential Utilities reported a net income of $75.4 million, or $0.28 per share, for the second quarter of 2024. Revenues decreased slightly by 0.5% to $434.4 million. The company's regulated water segment saw revenue growth, while the regulated natural gas segment experienced a decrease due to warmer weather and lower volumes.

Essential Utilities reported a strong first quarter with increased net income and earnings per share, driven by regulatory recoveries and customer growth across its water and natural gas segments. The company completed the sale of its non-core energy projects for $165 million, reinvesting the proceeds into infrastructure. While revenues decreased due to lower purchased gas costs, the company remains focused on achieving strong results for the year.

Essential Utilities reported a decrease in revenues for the fourth quarter of 2023. However, the company's net income and earnings per share increased compared to the same quarter in the previous year. The company also provided 2024 guidance for earnings per share and capital investments.

Essential Utilities reported a strong third quarter with net income of $80.1 million, compared to $68.6 million in the same quarter of 2022. Earnings per share were $0.30, up from $0.26 in the third quarter of 2022. Revenues were $411.3 million, a decrease compared to $434.6 million in the third quarter of 2022, primarily due to lower purchased gas costs and decreased volume from the regulated water segment.

Essential Utilities reported a record net income of $91.3 million for Q2 2023, compared to $82.3 million in the same quarter of 2022. EPS increased to $0.34 from $0.31 year-over-year. Revenues decreased to $436.7 million from $448.8 million in Q2 2022, primarily due to lower natural gas segment volume, offset by growth in the regulated water segment.

Essential Utilities reported a net income of $191.4 million and earnings per share of $0.72 for the first quarter of 2023. Revenues increased by 3.9% to $726.5 million compared to the first quarter of 2022. The company reaffirms its full-year earnings per share guidance.

Essential Utilities reported a strong Q4 2022, marked by increased revenues and net income, driven by rates, surcharges, and volume growth in both natural gas and water segments.

Essential Utilities reported a strong Q3 2022 with revenues of $434.6 million, a 20.1% increase compared to the previous year. Net income increased to $68.6 million, with earnings per share at $0.26. The company reaffirms its 2022 earnings per share guidance of $1.75 to $1.80.

Essential Utilities reported a strong Q2 2022 with a 13% increase in revenues to $448.8 million and a net income of $82.3 million. The company reaffirmed its annual earnings guidance and increased its quarterly dividend by 7%.

Essential Utilities reported a strong first quarter in 2022, with net income increasing to $199.4 million and revenues growing by 19.8% to $699.3 million. The company continues to invest in infrastructure and expand its customer base through acquisitions.

Essential Utilities reported a strong fourth quarter with a revenue increase of 13.0% and net income of $116.5 million. The company's regulated water and natural gas segments contributed to the revenue growth, with customer growth and rates & surcharges being key factors. Essential invested over $1 billion in infrastructure improvements during 2021 and is committed to environmental, social, and governance initiatives.

Essential Utilities reported a net income of $50.5 million for Q3 2021, with revenues increasing by 3.8% to $361.9 million. The company reaffirmed its 2021 earnings per share guidance of $1.64 to $1.69.

Essential Utilities reported net income of $80.9 million for the second quarter 2021, an 8.4% increase compared to $74.6 million reported for the same quarter 2020. Earnings per share were $0.32 for the quarter compared to $0.29 per share for the second quarter 2020. The company reaffirmed its 2021 earnings guidance range of $1.64 to $1.69 per share.

Essential Utilities reported a strong first quarter, marked by a significant increase in revenues and net income, primarily due to the inclusion of Peoples Gas results for the full period and growth in the regulated water segment. The company reaffirmed its annual earnings guidance and continues to invest in infrastructure improvements.

Essential Utilities reported a significant increase in revenues for the fourth quarter of 2020, primarily due to the acquisition of Peoples and growth in the regulated water segment. Net income also increased compared to the same period in the previous year.

Essential Utilities reported a net income of $55.7 million, or $0.22 per share, for Q3 2020. Revenues for the quarter were $348.6 million, a 43.1% increase compared to Q3 2019. The company refined its 2020 annual adjusted earnings guidance to the top end of the $1.53 to $1.58 range.

Essential Utilities reported a strong second quarter with net income of $74.6 million, or $0.29 per share. Revenues increased by 75.6% to $384.5 million, driven by the acquisition of Peoples and growth in the regulated water segment. The company reaffirmed its annual earnings guidance and declared a 7% dividend increase.

Essential Utilities reported a significant milestone in Q1 2020, closing the Peoples acquisition and changing its name. The company provided continuous service amidst the COVID-19 pandemic and reported increased revenues and adjusted income per share.

Essential Utilities reported Q4 2019 revenues of $226.0 million, a 9.9% increase compared to Q4 2018. Net income for Q4 2019 was $64.2 million, or $0.28 per share, compared to a net loss of $3.7 million, or $0.02 per share, for Q4 2018. Excluding the impact of the Peoples transaction, adjusted income for Q4 2019 was $61.4 million, or $0.34 per share, compared to $55.2 million, or $0.31 per share, in 2018.