Essential Utilities(WTRG)
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Essential Utilities(WTRG) - 2024 Q2 - Quarterly Report
2024-08-06 20:46
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON DC 20549 FORM 10-Q (Mark One) S QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2024 £ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from_______________ to _______________ | --- | --- | |---------------------------------------------------------------------------------------------|- ...
Essential Utilities(WTRG) - 2024 Q2 - Earnings Call Transcript
2024-08-06 19:18
Essential Utilities, Inc. (NYSE:WTRG) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Brian Dingerdissen - VP, IR and Treasurer Christopher Franklin - President and CEO Daniel Schuller - CFO Conference Call Participants Ryan Connors - Northcoast Research Durgesh Chopra - Evercore ISI Michael Gaugler - Janney Montgomery Scott Jonathan Reeder - Wells Fargo Davis Sunderland - Baird Operator Thank you for standing by. My name is Gini and I will be your conference operator today. ...
Essential Utilities (WTRG) Q2 Earnings & Sales Miss Estimates
ZACKS· 2024-08-06 14:25
Essential Utilities Inc. (WTRG) delivered second-quarter 2024 operating earnings per share (EPS) of 28 cents, which lagged the Zacks Consensus Estimate of 30 cents by 6.7%. The bottom line also missed the year-ago quarter's earnings of 34 cents by 17.6%. The year-over-year decline in earnings was due to the impact of weather, which was warmer than normal, lowering demand for utility services and increasing expenses. Total Revenues Operating revenues of $434.4 million lagged the Zacks Consensus Estimate of $ ...
Essential Utilities(WTRG) - 2024 Q2 - Quarterly Results
2024-08-06 14:17
Essential Utilities Reports Financial Results for Q2 2024 Earnings per share of $0.28 for Q2 2024, due to weather impacts Company increases quarterly dividend rate by 6.0% BRYN MAWR, PA (August 5, 2024) – Essential Utilities Inc. (NYSE: WTRG) today reported results for the second quarter ended June 30, 2024. Essential's net income of $75.4 million or $0.28 per share for the second quarter of 2024. "We continue to deliver long-term value to our customers, communities, shareholders, and employees, and we are ...
Earnings Preview: Essential Utilities (WTRG) Q2 Earnings Expected to Decline
ZACKS· 2024-07-29 15:06
Wall Street expects a year-over-year decline in earnings on higher revenues when Essential Utilities (WTRG) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August ...
Essential Utilities' (WTRG) Unit Secures $77.5M Loan for Upgrade
ZACKS· 2024-07-18 15:15
American Water Works (AWK) is systematically investing across its service region in the United States. The company aims to invest $3.1 billion in 2024, a major portion of which will be utilized for infrastructure improvements in regulated businesses. AWK aims to invest in the range of $16-$17 billion from 2024-2028 and $34-$38 billion in the 2024-2033 period. Shares of Essential Utilities have gained 16.6% in the past three months, compared with the industry's 14.3% growth. Investment in Water Industry The ...
Essential Utilities: A Solid Replacement For T-Bills And Money Markets
Seeking Alpha· 2024-07-16 15:48
| --- | --- | --- | --- | --- | --- | --- | |------------------------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | Financial Metrics Comparison | | | | | | | | Growth (CAGR) | AWK | WTRG | AWR | | | | | Revenue 10Y | 4.0% | 9.7% | 2.1% | | | | | Revenue 5Y | 4.3% | 18.1% | 5.1% | | | | | Revenue 3Y | 4.1% | 2.7% | 4.7% | | | | | Revenue Fwd | 7.7% | 1.8% | 7.4% | | | | | EPS 10Y | 8.8% | 5.6% | 7.1% | | | | | EPS 5Y | 9.1% | 19.3% | 11.5% | | | | | EPS 3Y | 7.5% | 9.0% | 7.4% | | ...
Reasons to Add Essential Utilities (WTRG) to Your Portfolio Now
ZACKS· 2024-07-08 16:02
Currently, the company carries a Zacks Rank #2 (Buy). Let's look at the factors that are driving the stock. The company's long-term (three to five years) earnings growth is pinned at 5.75%. The company has paid shareholders a cash dividend on its common stock for 79 years and has increased the dividend 33 times in the past 32 years. Its current dividend yield is 3.28%, better than the industry average yield of 2.35%. WTRG is making continuous investments to improve its water and natural gas infrastructure. ...
Essential Utilities(WTRG) - 2024 Q1 - Quarterly Report
2024-05-08 19:12
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON DC 20549 FORM 10-Q (Mark One) S QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2024 £ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from_______________ to _______________ Commission File Number 1-6659 ESSENTIAL UTILITIES, INC. (Exact name of registrant as specified in its charter ...
Essential Utilities(WTRG) - 2024 Q1 - Earnings Call Transcript
2024-05-03 19:19
Essential Utilities, Inc. (NYSE:WTRG) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Brian Dingerdissen - VP of IR and Treasurer Christopher Franklin - President and CEO Daniel Schuller - CFO Mike Huwar - President, Gas Business Conference Call Participants Durgesh Chopra - Evercore ISI Davis Sunderland - Baird Travis Miller - Morningstar Jonathan Reeder - Wells Fargo Ryan Connors - Northcoast Research Gregg Orrill - UBS Operator Hello, and welcome to the Essential Utilities Q ...