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Essential Utilities(WTRG) - 2023 Q2 - Quarterly Report
2023-08-08 19:46
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, 2023 £ 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) - 2023 Q1 - Quarterly Report
2023-05-09 21:29
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, 2023 £ 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) - 2023 Q1 - Earnings Call Transcript
2023-05-09 19:22
Essential Utilities, Inc. (NYSE:WTRG) Q1 2023 Earnings Conference Call May 9, 2023 11:00 AM ET Company Participants Renee Marquis - IR Christopher Franklin - Chairman, President & CEO Daniel Schuller - EVP & CFO Conference Call Participants Ryan Connors - Northcoast Research Partners Paul Zimbardo - Bank of America Merrill Lynch Travis Miller - Morningstar Inc. Davis Sunderland - Robert W. Baird & Co. Gregg Orrill - UBS Jonathan Reeder - Wells Fargo Securities Operator Hello, and welcome to Essential Utilit ...
Essential Utilities(WTRG) - 2022 Q4 - Annual Report
2023-03-01 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) þ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Or ¨ 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) Pennsylvania 23-1702594 (St ...
Essential Utilities(WTRG) - 2022 Q4 - Earnings Call Presentation
2023-02-28 03:44
| --- | --- | --- | --- | --- | --- | |------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | EARNINGS CALL Full Year 2022 February 27, 2023 | | | | | | | | | | | | | NYSE LISTED WTRG Welcome Brian Dingerdissen Vice President, Investor Relations and Treasurer 2 Forward Looking Statement This presentation contains in addition to historical information, forward looking statements based on assumptions made by management regarding future circumstances over whic ...
Essential Utilities(WTRG) - 2022 Q4 - Earnings Call Transcript
2023-02-28 03:43
Essential Utilities, Inc. (NYSE:WTRG) Q4 2022 Earnings Conference Call February 27, 2023 11:00 AM ET Company Participants Brian Dingerdissen - Vice President, Investor Relations and Treasurer Chris Franklin - Chairman and Chief Executive Officer Dan Schuller - Executive Vice President and Chief Financial Officer Conference Call Participants Ryan Connors - Northcoast Research Travis Miller - Morningstar Gregg Orrill - UBS Davis Sunderland - Baird Jonathan Reeder - Wells Fargo Operator Good day and welcome to ...
Essential Utilities(WTRG) - 2022 Q3 - Quarterly Report
2022-11-09 20:06
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 September 30, 2022 £ 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 cha ...
Essential Utilities(WTRG) - 2022 Q3 - Earnings Call Transcript
2022-11-08 04:08
Essential Utilities, Inc. (NYSE:WTRG) Q3 2022 Earnings Conference Call November 7, 2022 11:00 AM ET Company Participants Brian Dingerdissen - VP of IR and Treasurer Christopher Franklin - Chairman and CEO Daniel Schuller - EVP and CFO Conference Call Participants Travis Miller - Morningstar Ryan Connors - Northcoast Research Julien Dumoulin-Smith - Bank of America Gregg Orrill - UBS Operator Hello and welcome to Essential Utilities Q3 2022 Earnings Call. My name is Sarah and I will be your coordinator for t ...
Essential Utilities(WTRG) - 2022 Q2 - Quarterly Report
2022-08-09 16:33
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, 2022 £ 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) - 2022 Q2 - Earnings Call Transcript
2022-08-04 20:05
Financial Data and Key Metrics Changes - The company reported year-to-date net income growth of 6.5% and quarterly earnings per share (EPS) were in line with expectations, with net income increasing from $80.9 million to $82.3 million, a 1.7% year-over-year increase [9][28] - Revenues for the second quarter reached $448.8 million, up 13% from the previous year, driven by contributions from the regulated water segment ($269.4 million) and the regulated natural gas segment ($167.7 million) [26][29] - Operations and maintenance (O&M) expenses increased to $135 million from $127.5 million, attributed to recent acquisitions, increased maintenance expenses, and higher water production costs due to inflation [27][30] Business Line Data and Key Metrics Changes - The regulated water segment contributed $269.4 million to revenues, while the regulated natural gas segment contributed $167.7 million, with both segments experiencing increased volumes and customer growth [26][29] - The gross margin increased year-over-year by $21.5 million, primarily due to additional revenues from rates and surcharges, customer growth, and increased volumes from both segments [26][29] Market Data and Key Metrics Changes - The company has signed asset purchase agreements for seven municipal acquisitions totaling over $418 million, which are pending regulatory approval [10][35] - The company is engaged in exclusive negotiations to purchase substantial wastewater assets from the Bucks County Water and Sewer Authority, with a bid of $1.1 billion for the wastewater system assets [10][39] Company Strategy and Development Direction - The company aims to invest approximately $1 billion annually in infrastructure rehabilitation and strengthening through 2024, focusing on water, wastewater, and natural gas systems [43] - The company is committed to achieving its ESG targets and has reported a 14% reduction in Scope 1 and Scope 2 emissions, driven by a switch to nearly 100% renewable electric power for its water segment operations [12][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance of $1.75 to $1.80 per share and a 5% to 7% earnings growth per share expectation through 2024 [33][43] - The management acknowledged inflationary pressures but emphasized efforts to mitigate cost increases through capital projects that reduce operating expenses [70][93] Other Important Information - The company approved a 7% increase in the quarterly dividend, marking the 31st consecutive year of dividend increases [9][42] - The company is actively pursuing approximately 410,000 potential water and wastewater customers, indicating a strong pipeline for growth [40] Q&A Session Summary Question: Update on the Bucks County discussions and potential acquisition - Management indicated that the Bucks County Water and Sewer Authority Board wanted to ensure an ongoing revenue stream, leading to a retained capacity agreement for wastewater treatment capacity [45] Question: Impact of the Inflation Reduction Act on the business - Management stated that the company does not qualify for the alternative minimum tax and does not foresee significant impacts from the Inflation Reduction Act at this time [54] Question: M&A pipeline and public narratives - Management discussed their communication strategy to ensure their value proposition is conveyed effectively to municipalities, despite pushback from external groups [57][60] Question: Timing and impact of the DELCORA acquisition - Management confirmed that they are comfortable with their assumptions around DELCORA and expect to include it in their guidance for full-year 2023 [85] Question: Tax rate expectations - Management expects a slight benefit on the tax line for full-year 2022, with adjustments based on state tax rate changes [66][79]