Financial Data and Key Metrics Changes - The company reported GAAP earnings of $0.28 per share, which was impacted by warmer-than-normal weather in Pittsburgh, leading to lower gas usage [4][12] - Operating revenues decreased due to a decline in natural gas commodity prices and lower water consumption compared to the previous year [12][18] - Year-to-date O&M expenses increased by 2.9%, with a quarterly O&M increase of $9 million year-over-year [12][15] Business Line Data and Key Metrics Changes - The water business experienced lower consumption, with a $9.7 million impact on water revenues compared to last year [12][45] - The natural gas business was significantly affected by warmer weather, which led to lower operating revenues [12][17] - Rate increases and surcharges contributed over $18 million, with $15 million from water and $3 million from gas [13] Market Data and Key Metrics Changes - The company is on track to invest between $1.3 billion and $1.4 billion in infrastructure improvements this year [8][22] - The company expects to raise approximately $250 million in equity through its ATM program in 2024 [24][32] Company Strategy and Development Direction - The company aims to invest approximately $7.2 billion in regulated infrastructure through 2028, with a compounded annual growth rate of about 8% for water and 10% for natural gas [22][23] - The company is pursuing low-interest loans and grants to fund infrastructure improvements and mitigate costs associated with PFOS mitigation [9][19] - The company is optimistic about future municipal acquisitions, with a strong pipeline of opportunities [21][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the regulatory developments in Pennsylvania, which are expected to facilitate future acquisitions [5][20] - The company remains focused on managing O&M expenses while continuing to invest in capital improvements [18][24] - Management acknowledged the impact of warmer-than-normal weather on financial results but remains optimistic about achieving long-term growth targets [17][22] Other Important Information - The company has received approval for approximately $133 million in low-interest loans and $59 million in grants for infrastructure projects [8][9] - The company is committed to reducing greenhouse gas emissions by 60% by 2035, with significant progress already made [24] Q&A Session Summary Question: What is the impact of the C-motion and PUC reform on legislative changes? - Management indicated that while progress has been made with the C-motion, legislative actions are still ongoing, and there is no current appetite to repeal Act 12 [25][26] Question: Any early feedback from public input hearings regarding the Pennsylvania rate case? - Management reported no surprising or concerning feedback from public hearings, emphasizing their commitment to affordability [27][28] Question: What is the expected tax rate for the balance of the year? - Management anticipates a slightly negative effective tax rate for 2024, moving towards breakeven in 2025 [29] Question: What is the status of the PFOS program and its implications? - Management confirmed that they are proceeding with PFOS mitigation efforts and are confident in recovering costs through regulatory mechanisms [30][31] Question: What is the outlook for M&A activity following the C-motion? - Management noted ongoing discussions with municipalities and expects increased activity once new guidelines are issued [50] Question: What are the expectations for earnings cadence in Q3 and Q4? - Management indicated that Q3 estimates may be high while Q4 estimates may be low, with weather impacts and pending rate cases influencing results [37][39]

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 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 ...

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 ...

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 ...

| --- | --- | --- | --- | --- | --- | --- | |------------------------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | 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% | | ...

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. ...

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, 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 ...

Exhibit 99.1 Essential Utilities Reports Financial Results for Q1 2024 Earnings per share of $0.97 for Q1 2024 vs. $0.72 for Q1 2023 Closes sale of non-core energy projects BRYN MAWR, PA (May 2, 2024) – Essential Utilities Inc. (NYSE: WTRG) today reported results for the first quarter ended March 31, 2024. Essential's net income of $265.8 million or $0.97 per share for the first quarter of 2024 compared favorably to $191.4 million or $0.72 per share reported for the first quarter of 2023. "Although our gas ...