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Sep 30, 2021
Essential Utilities Q3 2021 Earnings Report
Essential Utilities reported Q3 2021 results with revenue increase and reaffirmed EPS guidance.
Key Takeaways
Essential Utilities reported a net income of $50.5 million for Q3 2021, with revenues increasing by 3.8% to $361.9 million. The company reaffirmed its 2021 earnings per share guidance of $1.64 to $1.69.
Net income was $50.5 million, compared to $55.7 million in the same quarter of 2020.
Revenues increased by 3.8% to $361.9 million, driven by rates, surcharges, and customer growth.
Operations and maintenance expenses increased to $139.4 million, primarily due to employee-related costs.
Reaffirmed 2021 earnings per share guidance of $1.64 to $1.69.
Revenue by Segment
Forward Guidance
Essential Utilities reaffirmed its 2021 full-year earnings per share guidance of $1.64 to $1.69.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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