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Jun 30, 2022
Essential Utilities Q2 2022 Earnings Report
Essential Utilities reported an increase in revenue and net income for Q2 2022, driven by regulated water and natural gas segments.
Key Takeaways
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%.
Net income increased to $82.3 million compared to $80.9 million in Q2 2021.
Revenues increased by 13.0% to $448.8 million compared to $397.0 million in Q2 2021.
The board increased the quarterly dividend rate by 7%.
The company reaffirmed its full-year earnings growth guidance of 5-7%.
Essential Utilities
Essential Utilities
Essential Utilities Revenue by Segment
Revenue by Segment
Regulated Water Revenue
CapyFin.comRegulated Natural Gas Revenue
CapyFin.com Forward Guidance
Essential Utilities reaffirmed its 2022 full-year guidance, based on the inclusion of signed water and wastewater acquisitions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income