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.
News about Essential Utilities, Inc. (NYSE: WTRG) focuses on its activities as a regulated water, wastewater and natural gas utility and on developments that affect its customers, investors and communities. The company’s releases highlight operational updates across its Aqua and Peoples brands, financial results, regulatory milestones and major capital projects.
Investors following WTRG news will see regular coverage of quarterly earnings announcements, dividend declarations and financing activities such as senior note issuances. These updates provide insight into Essential’s financial performance, infrastructure investment levels and capital structure as it pursues long-term utility projects.
Operational news often centers on infrastructure upgrades and water quality initiatives. Aqua Pennsylvania has reported multiple PFAS treatment projects supported by PENNVEST funding, as well as new treatment systems designed to meet state and federal drinking water standards. Aqua Indiana has announced major wastewater treatment plant expansions intended to increase capacity, protect local waterways and support regional growth.
Essential also issues news on strategic initiatives and partnerships, including its agreement to invest in a large data center project in Greene County, Pennsylvania, where Aqua will design and operate a water treatment plant and Peoples will provide natural gas-related services. Another key news theme is corporate transactions, such as the announced all-stock merger agreement with American Water Works Company, Inc., which would make Essential a wholly owned subsidiary of American Water if completed.
Community-focused stories describe the work of the Essential Foundation, United Way campaigns and the Fall for Food Banks initiative, documenting millions of dollars in donations and extensive employee volunteer hours dedicated to hunger relief and other local causes. For a comprehensive view of WTRG, readers can use this news feed to track financial updates, infrastructure projects, regulatory developments, community engagement and the progress of the planned merger with American Water.
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.
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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.
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Essential Utilities Inc. (NYSE: WTRG) has signed an asset purchase agreement to acquire the Southern Oaks Water System in Freestone County, Texas, serving approximately 740 homes. This marks Aqua Texas's second acquisition under Texas's fair market value legislation. The company aims to close the acquisition in 2023, adding to its portfolio of eight signed agreements for water and wastewater systems, totaling over $471 million, which will benefit around 235,000 retail customers.
Essential Utilities Inc. (NYSE: WTRG) has announced its earnings guidance for 2022, projecting net income per diluted share between
The board of directors of Essential Utilities (NYSE: WTRG) has declared a quarterly cash dividend of
With 77 years of consecutive dividend payments and 31 increases in the last 30 years, Essential underscores its commitment to shareholder returns. The company serves approximately 5 million people across 10 states, ensuring safe and reliable water and natural gas services.
Essential Utilities Inc. (NYSE: WTRG) has appointed Matt Deluhery as National Safety Director. Deluhery, with over 20 years of industry experience, previously served as Aqua's safety director since December 2019. His new role involves overseeing a strategic safety vision for water and gas businesses, ensuring safety compliance across the organization. Chief Environmental, Safety and Sustainability Officer Chris Crockett expressed confidence in Deluhery's capabilities to standardize safety programs, highlighting the company's strong commitment to safety.
Essential Utilities Inc. (NYSE: WTRG) announced a net income of $50.5 million for Q3 2021, down from $55.7 million in Q3 2020. Earnings per share were $0.19, while revenues increased by 3.8% to $361.9 million. The company reported year-to-date net income of $315.1 million ($1.23/share), up 51.9% from the previous year's adjusted income. Essential signed acquisition agreements for $468 million, bolstering its municipal wastewater services. It reaffirmed 2021 EPS guidance of $1.64 to $1.69 and plans to invest $1 billion in infrastructure this year.
The board of directors of Essential Utilities (NYSE: WTRG) has declared a quarterly cash dividend of