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.
Aqua Pennsylvania has secured up to $6.7 million in grant funding from PENNVEST to construct a PFAS treatment facility at its Edgely Water Treatment facility in Bristol Township. This grant will allow Aqua to install six large filter vessels using ion exchange media to remove PFAS from the drinking water of approximately 25,000 residents in Bristol Township and Bristol Borough at no additional cost to customers. The project aligns with newly established federal standards for PFAS removal. Construction is set to begin in July, ensuring enhanced water safety without financial burden on ratepayers.
Essential Utilities has been named the Best Commercial Fleet in the Americas by the National Fleet Management Association (NAFA). This accolade places Essential, along with its subsidiaries Aqua and Peoples Natural Gas, at the top among thousands of fleets in North America. Vice President Charlie Stevenson credits this achievement to the company's employees and their commitment to certifications and continuous improvement. The 100 Best Fleets contest, in its 25th year, celebrates excellence and innovation in fleet operations. This recognition marks the first time Essential has secured the top spot, with Aqua Fleet Manager Kevin Grafstrom accepting the award at NAFA's 2024 Institute & Expo in San Antonio, TX.
Essential Utilities Inc. celebrates Infrastructure Week by announcing a $1 billion capital improvement program, reinforcing its commitment to enhancing service and reliability for customers through investments in water and gas utilities. The company plans to invest $1.3 billion in 2024 and an average of $1.4 billion annually through 2028 to modernize and sustain infrastructure in its nine-state service area.
Aqua Texas has initiated a $4 million water main replacement project in Hays County, benefiting the Woodcreek North community, to improve water infrastructure and conserve water. The project aims to replace 5,000 feet of aging water mains initially, with a total of over 25,000 feet planned to be replaced. Residents may experience traffic disruptions, but the investment will enhance water service reliability and quality.
Essential Utilities Inc. (NYSE: WTRG) reported a strong first quarter of 2024 with earnings per share of $0.97 compared to $0.72 in Q1 2023. The company closed the sale of non-core energy projects, resulting in a net income of $265.8 million. Despite lower revenues, driven by warm weather impacting residential gas volumes, Essential remains focused on delivering solid results for the year.
Essential Utilities Inc. (NYSE: WTRG) welcomes Christopher Bruner and Tamara Linde to its board of directors. Bruner, an Assurance Partner at Ernst & Young, brings 36 years of experience and will chair the audit committee. Linde, the Executive Vice President and General Counsel at Public Service Enterprise Group, has over 30 years of experience in the energy industry. Both have impressive backgrounds and will contribute significantly to Essential Utilities' governance.
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