Welcome to our dedicated page for Essential Utilities news (Ticker: WTRG), a resource for investors and traders seeking the latest updates and insights on Essential Utilities stock.
Essential Utilities Inc (WTRG) delivers vital water, wastewater, and natural gas services to 3 million customers across eight U.S. states. This news hub provides investors and stakeholders with comprehensive updates on the company's operational milestones, regulatory compliance, and service expansions.
Access real-time press releases covering quarterly earnings, infrastructure investments, and environmental stewardship initiatives. Our curated collection includes regulatory filings, partnership announcements, and operational updates directly from WTRG's corporate communications.
Key focus areas include water system modernization projects, gas distribution safety enhancements, and compliance with evolving utility regulations. Users will find detailed reporting on rate case decisions, capital improvement programs, and community impact initiatives.
Bookmark this page for streamlined access to Essential Utilities' official announcements. Combine strategic insights with operational data through our organized repository of primary source materials and verified updates.
Essential Utilities Inc. (NYSE: WTRG) has announced the acquisition of the Village of Oak Brook's water treatment and distribution system for $12.5 million. This system serves approximately 4,000 customer equivalents in DuPage and Cook Counties. This marks the third acquisition by Aqua Illinois in 2022, adding nearly $120 million in rate base and over 23,000 equivalent retail customers. The company plans further expansions, with six signed purchase agreements totaling $352 million and representing about 213,000 equivalent retail customers.
Essential Utilities Inc. (NYSE: WTRG) has appointed Jeanne Russo as vice president of communications and Sumit Nair as vice president and chief information officer. Russo brings over 25 years of communications experience from various industries, including broadband and retail. In her role, she will oversee all internal and external communications. Nair, a seasoned IT executive with nearly 30 years of experience, will manage 130 IT professionals and enhance operational efficiency. This strategic leadership expansion aims to bolster Essential’s capabilities in addressing water and gas infrastructure challenges.
Essential Utilities Inc. (NYSE: WTRG) reported a third-quarter net income of $68.6 million ($0.26 EPS), up from $50.5 million ($0.19 EPS) in Q3 2021. Revenues increased by 20.1% to $434.6 million, driven by higher rates and customer growth. Operating expenses rose to $151.4 million, reflecting acquisitions and inflationary pressures. The board declared a quarterly dividend of $0.2870 per share. The company reaffirmed 2022 EPS guidance of $1.75 to $1.80, with significant ongoing infrastructure investments aimed at supporting growth and sustainability.
Essential Utilities Inc. (NYSE: WTRG) appointed W. Bryan Lewis to its board of directors, enhancing its governance with his extensive investment expertise. Lewis, the chief investment officer at United States Steel Corporation, has a successful track record of managing large pension funds and reducing investment risks. His appointment aligns with Essential's commitment to diversity and growth. The company, serving 5.5 million customers in 10 states, focuses on water, wastewater, and natural gas services while prioritizing infrastructure investment and environmental stewardship.
The board of directors of Essential Utilities (NYSE: WTRG) declared a quarterly cash dividend of
Essential Utilities Inc. (NYSE: WTRG) announced that its subsidiary, Aqua Pennsylvania, has secured a $5.5 million grant from the Pennsylvania Infrastructure Authority for constructing a treatment facility in Horsham Township. This facility aims to remove harmful per- and polyfluoroalkyl substances (PFAS) from local water. The funding will alleviate costs for Aqua ratepayers and support the installation of new ion exchange contactors. This is the second PENNVEST grant received by Aqua, following a $4.5 million grant in 2020 for a similar project.
Essential Utilities Inc. (NYSE: WTRG) is set to announce its earnings for the quarter ending September 30, 2022, before the market opens on November 7, 2022. A conference call for financial analysts will follow at 11 a.m. EST on the same day, with a live webcast available on their website. The call will be archived for 90 days, and an audio replay will be accessible starting at 2 p.m. EST that day for 10 business days. Essential provides water and natural gas services to around 5.5 million customers across 10 states.
The University of Pittsburgh and Peoples Gas, a subsidiary of Essential Utilities, announced a research partnership to explore hydrogen as a future energy source. This collaboration aims to benchmark and study the safe transportation of hydrogen through natural gas pipelines. Following initial research, a pilot project will assess the impact of hydrogen on the existing infrastructure. Hydrogen's potential as a non-carbon energy source could play a crucial role in reducing emissions in the Appalachian Basin, leveraging natural gas reserves.
Essential Utilities Inc. (NYSE: WTRG) announced that its subsidiary, Aqua Pennsylvania, has halted exclusivity discussions regarding a potential acquisition with the Bucks County Water and Sewer Authority. The company expressed surprise and disappointment at this decision but remains committed to providing solutions to water and sewer utilities in the region. Essential has completed two acquisitions in 2022 and currently has seven additional signed agreements totaling approximately $364.5 million, targeting over 217,000 retail customers.
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