Essential Utilities Inc Stock Price, News & Analysis

Aqua Pennsylvania, a subsidiary of Essential Utilities, presented a $365,000 check to the Philadelphia Zoo on July 21, 2022. This funding comes from The Essential Foundation and supports the "Water is Life: Red Panda Pass & Otter Falls" exhibit. The partnership emphasizes environmental conservation and will last for three years, including community outreach initiatives. Aqua serves approximately 1.5 million people in Pennsylvania, highlighting its commitment to water conservation alongside the Zoo's mission.

Essential Utilities Inc. (NYSE: WTRG) announced that its subsidiary Aqua Pennsylvania received a one-year exclusivity agreement from the Bucks County Water and Sewer Authority (BCWSA) to advance discussions on purchasing wastewater assets. Aqua's proposal, valued at over $1.1 billion, was selected for its perceived benefits to customers and taxpayers. This decision follows a competitive bidding process and requires further approvals before finalizing the acquisition. Chairman Christopher Franklin expressed confidence in the transaction's potential advantages for Bucks County residents.

Essential Utilities Inc. (NYSE: WTRG) will report its earnings for the quarter ending June 30, 2022, on August 3, 2022, after market close. A conference call for financial analysts is scheduled for August 4, 2022, at 11 a.m. Eastern Daylight Time, which will be available via webcast. Essential Utilities serves approximately 5.5 million customers across 10 states, focusing on water, wastewater, and natural gas services. The company emphasizes infrastructure investment and environmental stewardship.

Essential Utilities Inc. (NYSE: WTRG) reported a net income of $199.4 million for Q1 2022, up from $183.7 million in Q1 2021. Earnings per share (EPS) grew by 5.6% to $0.76. Total revenues surged 19.8% to $699.3 million, driven by increased demand and recovery of higher gas costs. The company plans to invest approximately $1 billion in infrastructure annually through 2024. It reaffirmed its 2022 EPS guidance of $1.75-$1.80, alongside a long-term EPS growth rate of 5-7% through 2024. Essential also announced a quarterly dividend of $0.2682, payable on June 1, 2022.

Essential Utilities (NYSE: WTRG) hosted the inaugural H2 Summit: Fueling the Future on April 13 in Pittsburgh. The summit aimed to discuss the potential of Western Pennsylvania's natural gas reserves in advancing hydrogen energy technology. Over 100 executives and academics attended to explore hydrogen transportation, production technologies, and funding opportunities. The Appalachian Basin, a major natural gas producer, plays a crucial role in this sector. The U.S. Department of Energy is seeking to establish large-scale hydrogen hubs, with the summit intended to bolster the region's chances of securing one.

Essential Utilities Inc. (NYSE: WTRG) is set to announce its earnings for the quarter ending March 31, 2022, before the market opens on May 9, 2022. A conference call for financial analysts will occur on the same day at 11 a.m. EDT, with a live webcast available for interested participants. Essential Utilities serves approximately 5.5 million people across 10 states, focusing on water, wastewater services, and natural gas. The company's commitment to infrastructure investment and operational efficiency underpins its service quality.

Essential Utilities Inc. (NYSE: WTRG) announced new leadership appointments with Craig Blanchette as president of Aqua Texas and Bob Ervin as president of Aqua Illinois. Both leaders bring extensive experience and a commitment to enhancing community partnerships and infrastructure investments.

Blanchette, previously the president of Aqua Illinois, will now focus on improving services for 276,000 people in Texas, while Ervin aims to elevate customer experience in Illinois. Their leadership is expected to ensure operational excellence and continued growth for the utilities.