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Jun 30, 2021
Essential Utilities Q2 2021 Earnings Report
Delivered strong earnings while continuing to provide essential services and reaffirmed annual earnings guidance.
Key Takeaways
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.
Net income increased by 8.4% to $80.9 million for the second quarter 2021.
Earnings per share were $0.32 for the quarter, compared to $0.29 per share for the second quarter 2020.
Revenues for the quarter were $397.0 million, an increase of 3.3% compared to $384.5 million in the second quarter of 2020.
The company reaffirms its 2021 earnings guidance range of $1.64 to $1.69 per share.
Revenue by Segment
Forward Guidance
Essential continues to monitor the effects of the COVID-19 pandemic on its customers, employees and the business and will update guidance impacts from the pandemic in the future if needed. The following is the company’s 2021 full-year guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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