Essential Utilities, Inc. ( (WTRG) ) has released its Q1 earnings. Here is a breakdown of the information Essential Utilities, Inc. presented to its investors.
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Essential Utilities, Inc. is a major publicly traded provider of water, wastewater, and natural gas services in the United States, serving approximately 5.5 million people across nine states under the Aqua and Peoples brands.
In its first quarter of 2025, Essential Utilities reported a net income of $283.8 million, or $1.03 per share, marking an increase from the previous year’s $265.8 million, or $0.97 per share. The company also affirmed its 2025 earnings guidance and long-term targets, highlighting its commitment to infrastructure investments and sustainable growth.
Key financial highlights include a 28% increase in revenues to $783.6 million, driven by regulatory recoveries and higher natural gas volumes. The company invested $270.5 million in infrastructure in the first quarter, with plans to invest up to $1.5 billion in 2025. Essential Utilities also closed the acquisition of utility assets from the Village of Midvale, Ohio, and announced several pending acquisitions.
Looking ahead, Essential Utilities maintains a positive outlook with a focus on continued infrastructure investments and acquisitions to drive growth. The company aims to achieve a compounded annual growth rate of 5 to 7% in earnings per share through 2027 and plans to significantly reduce greenhouse gas emissions by 2035.