Essential Utilities, Inc. reports developments across regulated water, wastewater and natural gas distribution businesses operated under the Aqua and Peoples brands. The company serves communities across nine states and links its recurring updates to utility infrastructure modernization, pipeline replacement, treatment plant upgrades, monitoring technology and drinking water compliance.
Company news also covers PFAS-related capital planning, operating and financial results, quarterly dividend declarations, material agreements, shareholder matters, governance actions and capital-structure disclosures. These updates reflect a utility holding company whose business is shaped by regulated service territories, long-lived infrastructure assets and recurring investment in water, wastewater and natural gas systems.
Essential Utilities Inc. (NYSE: WTRG) reported third-quarter 2020 financial results, with net income of $55.7 million or $0.22 per share, down from $88.5 million or $0.38 per share in 2019. Revenue rose 43.1% to $348.6 million, driven by the acquisition of Peoples and higher water segment rates. Annual adjusted EPS guidance was refined to $1.53-$1.58. Despite significant operational challenges, capital expenditures reached $554.1 million, with infrastructure investments totaling $2.8 billion expected through 2022.
The board of directors of Essential Utilities (NYSE: WTRG) has declared a quarterly cash dividend of $0.2507 per share, payable on December 1, 2020 to shareholders on record as of November 13, 2020. With a history of consecutive quarterly dividends for 75 years and an increase in dividends 30 times over the past 29 years, Essential continues to demonstrate its commitment to shareholder returns. Serving approximately 5 million people across 10 states, the company is a leading provider of water, wastewater, and natural gas services.
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Essential Utilities announced a $20,000 donation to Aqua Pennsylvania's Helping Hand program, assisting low-income customers with their water and wastewater bills. Managed through the Community Action Agency of Delaware County, this initiative supports Pennsylvanians facing financial difficulties, especially during the pandemic. Customers enrolled in the program can benefit from manageable payment plans, along with water conservation kits. The Essential Foundation focuses on enhancing community well-being, underlining the importance of water as a critical resource.
Essential Utilities (NYSE: WTRG) will announce its earnings for the quarter ending September 30, 2020, after market close on November 3, 2020. A conference call for financial analysts is scheduled for November 4, 2020, at 11 a.m. EST, which will be webcast live. The company provides water, wastewater, and natural gas services to approximately 5 million people across 10 states, under the Aqua and Peoples brands. Essential emphasizes infrastructure investment, operational efficiency, and environmental stewardship in delivering safe and reliable services.