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Essential Utilities (WTRG)
NYSE:WTRG
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.81Last Year’s EPS
0.73Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 1.25%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, successful regulatory outcomes, and significant progress in strategic initiatives like PFAS mitigation and data center growth opportunities. However, challenges such as stock performance and operational difficulties with receivership cases were noted. Overall, the positive aspects of growth and strategic execution outweigh the challenges.Company Guidance
During the Essential Utilities earnings call for the fiscal year 2024, the company provided extensive guidance for the upcoming years. They reported a GAAP earnings per share (EPS) of $2.17 for 2024, which included a gain on sale of assets, while the non-GAAP EPS, excluding this gain, was $1.97. The company reiterated its long-term growth guidance of 5% to 7% EPS growth through 2027, starting from the $1.97 non-GAAP base. Essential Utilities plans to invest $1.4 to $1.5 billion in capital in 2025 and nearly $8 billion over the next five years. This is expected to result in an annual rate base growth of over 8%, with the water and natural gas segments projected to grow at compounded annual growth rates of approximately 6% and 11%, respectively. The company also highlighted its dividend growth, regulatory accomplishments, and ongoing efforts to mitigate PFAS contamination, which involves a projected $450 million capital spend. They anticipate raising $315 million through their ATM program in 2025 to support these initiatives.Strong Earnings Performance
Essential Utilities reported GAAP earnings per share of $2.17 for 2024, up from $1.86 in 2023. Non-GAAP earnings were $1.97 per share, in line with the guidance of $1.96 to $2.00.
Successful Regulatory Outcomes
The company achieved successful water and natural gas rate cases in Pennsylvania, which make up 75% of operations. Weather normalization was established, with January 2025 adjustments benefiting both customers and shareholders.
Dividend Growth
The board raised the dividend by 6% in 2024, continuing a 30-plus year track record of growing the dividend.
Capital Plan Execution
Completed a $1.3 billion capital plan on target, with an expectation to spend nearly $8 billion over the next five years.
PFAS Mitigation Progress
Invested $27 million in PFAS mitigation, completed work at 13 plants, and developed a patent-pending solution marketed to other utilities.
Lean Practices and Operational Excellence
Emphasizing lean practices across the company to continue operational excellence, with a focus on sustainable business practices.
Data Center Growth Opportunity
In discussions with data center developers representing up to five gigawatts of needed power generation in the Pittsburgh region.
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WTRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WTRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $37.51 | $37.57 | +0.16% |
| Nov 04, 2024 | $37.96 | $39.42 | +3.85% |
| Aug 05, 2024 | $39.53 | $38.44 | -2.76% |
| May 02, 2024 | $36.43 | $36.52 | +0.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Essential Utilities (WTRG) report earnings?
Essential Utilities (WTRG) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Essential Utilities (WTRG) earnings time?
Essential Utilities (WTRG) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WTRG EPS forecast?
WTRG EPS forecast for the fiscal quarter 2025 (Q1) is 0.81.
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