Earnings and Revenue Growth
Earnings were $1.48 per share for the second quarter compared to $1.42 for the same period last year. Year-to-date earnings were $2.53 per share, up from $2.37 in 2024. Revenue growth was driven by authorized rate increases and recent acquisitions.
Capital Investments and Acquisitions
Invested $1.3 billion in capital projects year-to-date, targeting $3.3 billion for 2025. Announced acquisition agreements including Nexus Water Group systems, adding 47,000 customer connections with $315 million investment.
Regulatory and Dividend Growth
Achieved new rates in several states with ongoing rate cases. Affirmed long-term targets for earnings and dividend growth at 7% to 9%, driven by 8% to 9% rate base growth.
Improvement in Pennsylvania Acquisitions
Renewed activity in Pennsylvania with 4 closed systems and 8 under agreement, utilizing fair market value guidelines.