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Sep 30, 2024
Essential Utilities Q3 2024 Earnings Report
Reported net income and earnings per share for Q3 2024, with revenues increasing by 6% compared to Q3 2023. The company also reinstated multi-year earnings guidance and reaffirmed its long-term emissions reduction and PFAS commitment.
Key Takeaways
Essential Utilities reported a net income of $69.4 million, or $0.25 per share, for the third quarter of 2024. Revenues increased by approximately 6% to $435.3 million. The company has reinstated multi-year earnings guidance with a compounded annual EPS growth rate of 5-7% through 2027.
Net income was $69.4 million, or $0.25 per share, for Q3 2024.
Revenues for the quarter were $435.3 million, a 6% increase compared to Q3 2023.
The company has reinstated multi-year earnings guidance with a compounded annual EPS growth rate of 5-7% through 2027.
Essential invested approximately $932.5 million in the first nine months of the year to improve its regulated water and natural gas infrastructure systems.
Revenue by Segment
Forward Guidance
Essential has reaffirmed the previously announced 2024 guidance.
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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