Essential Utilities Q3 2024 Earnings Report
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.
Essential Utilities
Essential Utilities
Forward Guidance
Essential has reaffirmed the previously announced 2024 guidance.