earnings
confidence high
sentiment positive
materiality 0.70
Essential Utilities Q2 EPS $0.31 (down YoY); raises dividend 7%, reaffirms FY guidance
Essential Utilities, Inc.
2022-Q2 EPS reported
$1.07
revenue$1,148,031,000
- Net income $82.3M vs $80.9M; EPS $0.31 vs $0.32 in Q2 2021.
- Revenue up 13% to $448.8M; regulated water +8.5%, natural gas +18.5%.
- Quarterly dividend raised 7% to $0.2870, payable Sept 1, record Aug 12; 32nd increase in 31 years.
- Reaffirmed FY 2022 EPS guidance $1.75-$1.80; $1B annual capex through 2024.
- Aqua PA selected for >$1.1B wastewater acquisition from BCWSA; $276.5M DELCORA deal pending.