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Dec 31, 2022
Essential Utilities Q4 2022 Earnings Report
Essential Utilities reported record financial results due to operational excellence and strategic investments.
Key Takeaways
Essential Utilities reported a strong Q4 2022, marked by increased revenues and net income, driven by rates, surcharges, and volume growth in both natural gas and water segments.
Revenues increased by 31.7% compared to the same period in 2021.
Net income reached $114.9 million, with earnings per share at $0.44.
Operations and maintenance expenses increased by 16.4%, primarily due to acquisitions and higher maintenance costs.
The company invested over $1.06 billion in infrastructure improvements in 2022.
Essential Utilities
Essential Utilities
Essential Utilities Revenue by Segment
Revenue by Segment
Regulated Water Revenue
CapyFin.comRegulated Natural Gas Revenue
CapyFin.com Forward Guidance
Essential Utilities reaffirms its previously announced guidance, including its long-term guidance.
Positive Outlook
- Commitment to reduce Scope 1 and 2 greenhouse gas emissions by 2035.
- Extensive gas pipeline replacement.
- Purchase of renewable energy.
- Accelerated methane leak detection and repair.
- Commitment to diversity, equity, and inclusion efforts.
Challenges Ahead
- Disruptions in the global economy
- Financial and workforce impacts from the COVID-19 pandemic
- Potential disruptions in the supply chain for raw and finished materials
- General economic business conditions
- Unfavorable weather conditions
Revenue & Expenses
Visualization of income flow from segment revenue to net income