Essential Utilities Inc Stock Price, News & Analysis

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.

The board of directors of Essential Utilities Inc. (NYSE: WTRG) has declared a quarterly cash dividend of $0.2682 per share, payable on June 1, 2022 to shareholders of record on May 13, 2022. This marks the company's commitment to shareholder returns, having paid consecutive quarterly dividends for 77 years and increased the dividend 31 times in the last 30 years. Essential Utilities is a major provider of water, wastewater, and natural gas services in the U.S., serving approximately 5.5 million people across 10 states.

Essential Utilities Inc. (NYSE: WTRG) has announced the acquisition of the wastewater system in Lower Makefield Township for $53 million, adding approximately 11,000 customer connections and pushing Aqua Pennsylvania's total to over 500,000 connections. This acquisition is part of a broader strategy, with seven additional agreements for water and wastewater systems totaling over $418 million. Aqua plans to invest $10 million in infrastructure improvements within 10 years to enhance service quality and sustainability.

Essential Utilities (WTRG) reported strong 2021 results with a net income of $431.6 million, or $1.67 per share, a 51.6% increase from 2020. The company achieved total operating revenues of $1.88 billion, up 28.4% year-over-year. Essential's investments in infrastructure exceeded $1 billion, aimed at expanding utility services and enhancing customer experience. For 2022, the company expects net income per share guidance of $1.75 to $1.80 and continues to target long-term earnings growth of 5-7%. The firm remains committed to its environmental and social governance initiatives.