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Mar 31, 2022
Essential Utilities Q1 2022 Earnings Report
Reported strong financial results with earnings per share growth and continued infrastructure investments.
Key Takeaways
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.
Net income increased to $199.4 million, compared to $183.7 million in the same quarter of 2021.
Earnings per share were $0.76, an increase of 5.6% compared to $0.72 in the first quarter of 2021.
Revenues increased by 19.8% to $699.3 million, compared to $583.6 million in the first quarter of 2021.
The company invested approximately $183.3 million in infrastructure improvements during the quarter.
Revenue by Segment
Forward Guidance
Essential Utilities reaffirms its 2022 full-year guidance, which is based on the inclusion of signed water and wastewater acquisitions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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