Essential Utilities Q3 EPS $0.26 vs $0.19; reaffirms FY22 EPS $1.75-$1.80

Essential Utilities, Inc.

2022-Q3 EPS reported $1.33 revenue$1,582,649,000

Net income $68.6M vs $50.5M; diluted EPS $0.26 vs $0.19 in Q3 2021.
Revenue $434.6M (+20.1% YoY) driven by regulated water and gas segments.
Reaffirms FY22 EPS guidance $1.75-$1.80 and long-term CAGR of 5-7%.
Quarterly dividend $0.2870/share declared, payable Dec 1, 2022.
Aqua Pennsylvania issued $125M of 4.50% bonds due 2052; entered $500M ATM equity facility.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Essential Utilities, Inc. reported Q3 2022 results: revenue $434.6 million, net income $68.6 million, EPS $0.26. Guidance reaffirmed.

Period: Q3 2022
Revenue: $434.6 million
Net income: $68.6 million
EPS: $0.26
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the third quarter of 2021. Regulated water segment rates, customer growth and increased volume were offset by increased expenses and other items. Revenues for the quarter were $434.6 million, an increase of 20.1% compared to $361.9 million in the third quarter of 2021. Recovery of higher purchased gas costs, and additional revenues from rates and surcharges, customer

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Essential Utilities, Inc. filing history →

Source: SEC EDGAR

accession 0001552781-22-000609

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