Essential Utilities, Inc. ( (WTRG) ) has released its Q4 earnings. Here is a breakdown of the information Essential Utilities, Inc. presented to its investors.
Essential Utilities, Inc. is a major provider of water, wastewater, and natural gas services in the United States, operating under the Aqua and Peoples brands and serving approximately 5.5 million people across nine states.
In its latest earnings report, Essential Utilities announced a 17% increase in earnings per share for the full year 2024, reaching $2.17, with adjusted earnings per share at $1.97. The company also affirmed its 2025 earnings per share guidance and highlighted significant regulatory and acquisition achievements.
Key financial highlights include a 1.6% increase in annual revenue to $2.086 billion and a substantial 34% rise in fourth-quarter net income. The company invested over $1.3 billion in infrastructure improvements, including PFAS contamination mitigation, and completed the acquisition of the Greenville wastewater system in Pennsylvania. Essential Utilities also secured rate increases across several states, contributing to its revenue growth.
Looking ahead, Essential Utilities plans to invest $1.4 to $1.5 billion in infrastructure in 2025 and projects a compounded annual earnings growth rate of 5-7% through 2027. The company remains committed to expanding its customer base through acquisitions and enhancing its infrastructure to ensure reliable service delivery.
With a focus on sustainable growth and operational excellence, Essential Utilities aims to continue its trajectory of financial and operational success while addressing environmental challenges and supporting community development.