Essential Utilities reports Q4 EPS 67c, consensus 67c

Reports Q4 revenue $604.38M, consensus $698.77M. “2024 was a very productive and successful year for the company,” said Essential Utilities (WTRG) chairman and CEO Chris Franklin. “I am incredibly proud of the team. This was a year of near-perfect execution. We filed at the Pennsylvania Public Utility Commission (PUC) to recover approximately $3 billion in capital investments we made to improve safety and reliability in our water and natural gas service areas and achieved strong outcomes in both rate cases. In addition, we invested more than $1.3 billion in infrastructure improvements, including significant mitigation of PFAS contamination. Lastly, we also supported the PA PUC’s initiatives to continue fair market valuation acquisitions in the Commonwealth to benefit both customers and the company.”