Earnings summaries and quarterly performance for Essential Utilities.
Executive leadership at Essential Utilities.
Board of directors at Essential Utilities.
Research analysts who have asked questions during Essential Utilities earnings calls.
Davis Sunderland
Baird
3 questions for WTRG
Also covers: BE, CWT, DAR +3 more
Durgesh Chopra
Evercore ISI
3 questions for WTRG
Also covers: AEE, AEP, AES +22 more
Ryan Connors
Northcoast Research Partners
3 questions for WTRG
Also covers: FELE, LNN, TTEK +2 more
Gregg Orrill
UBS Group AG
2 questions for WTRG
Also covers: AWK, CMS, EIX +4 more
Jonathan Reeder
Wells Fargo Securities
2 questions for WTRG
Also covers: AWK, AWR, CWT +4 more
Julien Dumoulin-Smith
Jefferies
2 questions for WTRG
Also covers: AEE, AEP, AES +54 more
Travis Miller
Morningstar
2 questions for WTRG
Also covers: CMS, DTE, ES +10 more
Michael Gaugler
Janney Montgomery Scott LLC
1 question for WTRG
Also covers: CPK, CWT, RGCO +1 more
Recent press releases and 8-K filings for WTRG.
Essential Reports Strong Q3 2025 Results and Announces Merger with American Water
WTRG
Earnings
M&A
Guidance Update
- Essential reported strong Q3 2025 results, with GAAP earnings per share of $0.33, a 32% increase over the same quarter last year, and revenues of $477 million, up 9.6% year-over-year.
- The company reaffirmed its expectation to achieve GAAP EPS above its 2025 guidance range of $2.07-$2.11 due to non-recurring benefits and reiterated its 5%-7% multi-year EPS growth CAGR through 2027.
- Essential announced a transformational merger with American Water, which will result in a preeminent water and wastewater utility with a rate base approaching $34 billion and an expanded operational footprint across 17 states.
- The company invested $26 million in a convertible note for a new data center facility in Greene County, Pennsylvania, with an option to design, build, and operate an 18 million-gallon-per-day water treatment plant for an estimated $125 million to $175 million.
- Essential adjusted its 2025 equity raise expectation through its ATM from $315 million to $350 million, primarily to support the data center project and cover merger-related transaction expenses.
Nov 5, 2025, 2:00 PM
Essential (WTRG) Announces Merger with American Water and Q3 2025 Results
WTRG
M&A
Earnings
New Projects/Investments
- Essential (WTRG) announced a merger with American Water, aiming to create the preeminent water and wastewater utility in the U.S. with a combined rate base approaching $34 billion.
- For Q3 2025, the company reported GAAP earnings per share of $0.33, a 32% increase year-over-year, driven by a 9.6% increase in revenues to $477 million.
- Essential reaffirmed its expectation to achieve full-year 2025 GAAP EPS above its guidance range of $2.07-$2.11 and maintained its 5-7% multi-year EPS growth guidance through 2027.
- The company is investing $26 million in a data center project in Pennsylvania, with plans to design, build, and operate an 18 million-gallon-per-day water treatment plant for an estimated $125 million to $175 million.
- Capital investment plans for 2025 remain at approximately $1.4 billion, with nearly $1 billion deployed as of September 30. The company also adjusted its 2025 equity raise expectation to $350 million.
Nov 5, 2025, 2:00 PM
WTRG Reports Strong Q3 2025 Results and Announces Transformational Merger with American Water
WTRG
Earnings
Guidance Update
M&A
- WTRG reported strong Q3 2025 results, with GAAP earnings per share of $0.33, a 32% increase over the same quarter last year, and revenues up 9.6% to $477 million.
- The company announced a merger with American Water, described as a "truly transformational opportunity" that will create a preeminent water and wastewater utility with a rate base approaching $34 billion and projected 7-9% EPS and dividend growth for the combined entity.
- WTRG reaffirmed its expectation to achieve full-year 2025 GAAP EPS above its guidance range of $2.07-$2.11 due to non-recurring benefits, and reaffirmed multi-year EPS guidance of 5-7% CAGR through 2027 based on a normalized midpoint of $2.09 for 2025.
- The company is investing $26 million in a data center project in Pennsylvania, with an option to build and operate an 18 million-gallon-per-day water treatment plant estimated to cost between $125 million and $175 million. This project is not factored into previous guidance and is expected to be operational in 2029.
- WTRG reaffirmed its $1.4 billion capital investment plan for 2025, having already deployed nearly $1 billion by September 30. The company also adjusted its 2025 equity raise expectation from $315 million to $350 million.
Nov 5, 2025, 2:00 PM
Essential Utilities Reports Q3 2025 Results and Provides Strategic Updates
WTRG
Earnings
Guidance Update
M&A
- Essential Utilities reported Q3 2025 diluted EPS of $0.33 and YTD 2025 diluted EPS of $1.73. Operating revenues for Q3 2025 increased by 9.6% to $477.0 million, and YTD 2025 operating revenues grew by 19.8% to $1,775.5 million.
- The company reaffirmed its 2025 EPS guidance and anticipates achieving GAAP earnings per share above the $2.07-$2.11 range for the full year due to non-recurring benefits, while also reaffirming long-term targets.
- The merger with American Water is expected to establish a leading U.S. Water & Wastewater Utility, with the transaction projected to be EPS accretive in the first year post-closing and maintaining American Water's 7%-9% long-term EPS and dividend per share growth rate targets.
- Essential Utilities is actively expanding through acquisitions, with over 200,000 customers and ~$301 million in total purchase price for pending transactions. The company also plans substantial infrastructure investments of $1.4 to $1.5 billion in 2025 and ~$7.8 billion from 2025-2029.
Nov 5, 2025, 2:00 PM
Essential Utilities Reports Q3 Earnings Beat With Strong Revenue Growth
WTRG
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Essential Utilities reported strong third-quarter earnings with an EPS of $0.33, surpassing analyst estimates of $0.27 to $0.29, and revenue rising 9.6% year-over-year to approximately $477 million.
- The company's growth is driven by solid performances in its water and gas divisions, serving around 3 million customers, and it is expanding its business model by investing in a new data center project.
- Despite strong profitability metrics, including an operating margin of 38.74% and a net margin of 27.62%, the company shows potential liquidity constraints with a current ratio of 0.73 and an Altman Z-Score of 1, indicating financial distress risk.
- Essential Utilities' stock has underperformed the broader market year-to-date, with shares up 4.9% compared to the S&P 500's 16.5% gain, despite consistently surpassing consensus EPS estimates over the last four quarters.
Nov 5, 2025, 4:29 AM
Essential Utilities Reports Q3 2025 Results and Announces Merger with American Water
WTRG
Earnings
Guidance Update
M&A
- Essential Utilities reported Q3 2025 earnings per share of $0.33 (net income of $92.1 million) on revenues of $477.0 million, compared to $0.25 (net income of $69.4 million) and $435.3 million respectively in Q3 2024.
- The company anticipates 2025 GAAP earnings per share to exceed its prior guidance range of $2.07-$2.11 due to non-recurring benefits, while reaffirming its long-term guidance.
- Essential Utilities invested $983 million in infrastructure during the first nine months of 2025 and projects total investments of $1.4 to $1.5 billion for the full year.
- A definitive agreement was announced to combine with American Water Works Company, Inc. in an all-stock merger, aiming to create a leading regulated U.S. water and wastewater utility with a pro forma market capitalization of approximately $40 billion.
Nov 4, 2025, 10:00 PM
American Water Reports Strong Q3 2025 Results, Affirms Guidance, and Announces Merger with Essential Utilities
WTRG
Earnings
Guidance Update
M&A
- American Water reported third quarter 2025 earnings of $1.94 per share and year-to-date 2025 earnings of $4.47 per share.
- The company affirmed its weather-normalized 2025 EPS guidance range of $5.70 to $5.75 and initiated 2026 EPS guidance of $6.02 to $6.12, reflecting 8% EPS growth at the midpoint.
- American Water announced a definitive agreement to merge with Essential Utilities, Inc. in an all-stock, tax-free transaction, with an expected closing in Q1 2027.
- The company affirmed long-term targets, including 7 to 9% EPS and dividend per share compounded annual growth rates and a 2026-2030 capital plan of $19 to $20 billion.
Oct 29, 2025, 8:32 PM
American Water and Essential Utilities Announce All-Stock Merger
WTRG
M&A
Guidance Update
Board Change
- American Water and Essential Utilities announced an all-stock merger, with American Water shareholders owning approximately 69% and Essential Utilities shareholders owning approximately 31% of the combined company. The combined entity will operate under the American Water name, with John Griffith (American Water CEO) serving as President and CEO, and Chris Franklin (Essential Utilities Chairman and CEO) becoming Executive Vice Chair of the Board. The transaction is expected to close by the end of 2027.
- The combined company will have a rate base of approximately $34 billion as of 2024, serving approximately 5.4 million connections across 17 regulated states.
- The merger is expected to be accretive to American Water's EPS in the first year after closing. The combined company aims to maintain American Water's long-term EPS growth target of 7% to 9%, rate base growth target of 8% to 9%, and dividend per share growth target of 7% to 9%.
- Following the close of the transaction, the combined company plans to conduct a review of strategic alternatives for its non-water and non-wastewater businesses, including Peoples Natural Gas.
- The merger is subject to customary closing conditions and approvals, including HSR clearance, a minimum of seven (potentially up to 10) state regulatory approvals, and approvals from shareholders of both companies.
Oct 27, 2025, 12:30 PM
American Water and Essential Utilities Announce All-Stock Merger
WTRG
M&A
Guidance Update
Management Change
- American Water and Essential Utilities announced an all-stock merger, with American Water shareholders owning approximately 69% and Essential Utilities shareholders owning approximately 31% of the combined company.
- The combined entity, which will operate under the American Water name and be headquartered in Camden, New Jersey, is expected to have a rate base of approximately $34 billion as of the end of 2024 and serve approximately 5.4 million connections across 17 regulated states.
- The merger is anticipated to close by the end of the first quarter of 2027, subject to regulatory and shareholder approvals, and is expected to be accretive to Essential Utilities' EPS in the first year after closing.
- The combined company aims to maintain Essential Utilities' long-term targets of 7% to 9% EPS growth, 8% to 9% rate base growth, and 7% to 9% dividend per share growth, with a 55% to 60% dividend payout ratio.
- Following the transaction's close, the company plans to review strategic alternatives for its non-water and non-wastewater businesses, such as Peoples Natural Gas.
Oct 27, 2025, 12:30 PM
Essential Utilities, Inc. Announces All-Stock Merger with American Water
WTRG
M&A
Guidance Update
Dividends
- Essential Utilities, Inc. and American Water announced an all-stock merger where Essential Utilities shareholders will receive 0.305 shares of American Water common stock for each Essential Utilities share.
- The combined entity is projected to have an equity market capitalization of $40 billion as of October 24, 2025, with American Water shareholders owning 69% and Essential Utilities shareholders 31%.
- The merged company expects to maintain American Water's long-term 7-9% earnings per share (EPS) and dividend per share (DPS) growth targets, with an anticipated dividend payout ratio of 55-60%.
- The transaction is anticipated to close by the end of Q1 2027.
Oct 27, 2025, 10:39 AM
Quarterly earnings call transcripts for Essential Utilities.
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