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Jun 30, 2023
Essential Utilities Q2 2023 Earnings Report
Reported strong financial results driven by regulatory recoveries and customer growth, offset by decreased natural gas segment volume.
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.
Revenue by Segment
Forward Guidance
Essential published guidance for 2023, including its long-term guidance, and reaffirms this guidance as previously announced.
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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