Essential Utilities Q3 2022 Earnings Report
Key Takeaways
Essential Utilities reported a strong Q3 2022 with revenues of $434.6 million, a 20.1% increase compared to the previous year. Net income increased to $68.6 million, with earnings per share at $0.26. The company reaffirms its 2022 earnings per share guidance of $1.75 to $1.80.
Reported net income of $68.6 million for Q3 2022, compared to $50.5 million in Q3 2021.
Earnings per share were $0.26 for the quarter, up from $0.19 in the same quarter last year.
Revenues for the quarter increased by 20.1% to $434.6 million.
Reaffirmed 2022 earnings per share guidance of $1.75 to $1.80.
Essential Utilities
Essential Utilities
Forward Guidance
The company reaffirms its 2022 full-year guidance, based on the inclusion of signed water and wastewater acquisitions. It does not factor in the impact of the expected continuation of significant water and wastewater customer growth from acquisitions.