Essential Utilities Q2 2023 Earnings Report
Key Takeaways
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.
Reported record net income of $91.3 million for the second quarter of 2023.
Earnings per share were $0.34 for the quarter compared to $0.31 in the second quarter of 2022.
Revenues for the quarter were $436.7 million compared to $448.8 million in the second quarter of 2022.
Company reaffirms annual guidance.
Essential Utilities
Essential Utilities
Forward Guidance
Essential published guidance for 2023, including its long-term guidance, and reaffirms this guidance as previously announced.