Essential Utilities(US:WTRG)2026-02-26 15:18Financial Performance - Essential Utilities reported a net income of $616.4 million or $2.20 per share for the full year of 2025, an increase from $595.3 million and $2.17 per share in 2024[2][5]. - Revenues for 2025 were $2,474.6 million, representing an 18.6% increase from $2,086.1 million in 2024[6]. - Operating revenues for Q4 2025 reached $699,111,000, a 15.7% increase from $604,383,000 in Q4 2024[34]. - Net income for Q4 2025 was $132,676,000, down 28.2% from $184,755,000 in Q4 2024[34]. - Basic net income per common share for Q4 2025 was $0.47, a decrease of 30% compared to $0.67 in Q4 2024[34]. - Total operating expenses for the year ended December 31, 2025, were $1,553,664,000, an increase of 16.9% from $1,328,445,000 in 2024[34]. - Operating income for the year ended December 31, 2025, was $920,951,000, up 21.5% from $757,668,000 in 2024[34]. - Long-term debt as of December 31, 2025, was $8,110,167,000, an increase from $7,368,381,000 in 2024[42]. - Total equity increased to $6,857,456,000 as of December 31, 2025, compared to $6,198,809,000 in 2024[42]. - Adjusted income for the year ended December 31, 2024, was $540,898,000, reflecting adjustments for asset sales and weather impacts[40]. Revenue Segments - The regulated water segment generated revenues of $1,326.6 million in 2025, an 8.6% increase compared to $1,221.9 million in 2024[7]. - The regulated natural gas segment reported revenues of $1,117.9 million for 2025, a 32.6% increase from $843.0 million in 2024[8]. Investments and Acquisitions - Essential invested a record $1.4 billion in infrastructure improvements during 2025[4][19]. - In 2026, regulated infrastructure investments are expected to reach $1.7 billion[26]. - Essential completed three acquisitions in 2025, adding over 12,700 new customers, and has signed agreements for additional acquisitions expected to serve over 200,000 customers[20][21]. - The company has a pipeline of potential acquisitions representing approximately 400,000 total customers[22]. Future Projections - Anticipated long-term earnings per share growth is projected at a compounded annual growth rate of 5 to 7% from the adjusted 2024 earnings per share of $1.97[26]. - The company secured shareholder approval for its merger with American Water, which is expected to close in the first quarter of 2027[3][23]. Share Information - The average diluted common shares outstanding for Q4 2025 was 283,598,000, compared to 275,161,000 in Q4 2024[34].