Essential Utilities Q1 EPS $0.72; revenue up 3.9% to $726.5M; reaffirms FY23 EPS guidance $1.85-$1.90

Essential Utilities, Inc.

2023-Q1 EPS reported $0.72 revenue$726,450,000

Net income $191.4M ($0.72 EPS); revenue $726.5M (+3.9% YoY) on water segment growth offset by warm weather gas volume drop.
Regulated water revenue $267.3M (+11.7%), gas revenue $441.3M (-0.9%); Opex down 3.2% to $138.0M.
Dividend $0.2870/share declared Feb 22, payable June 1; 78th consecutive year of quarterly dividends.
Acquisition pipeline: signed deals for nine systems (~219K customers, >$380M total), including DELCORA ($276.5M).
Capex $243.7M in Q1; reaffirms $1.1B annual capex through 2025 and long-term EPS growth 5-7% CAGR.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Essential Utilities, Inc. reported first quarter ended March 31, 2023 results: revenue Revenues for the quarter were $726.5 million compared to $699.3 million in the first quarter of 2022, net income Essential reported net income of $191.4 million, EPS earnings per share of $0.72. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: Revenues for the quarter were $726.5 million compared to $699.3 million in the first quarter of 2022
Net income: Essential reported net income of $191.4 million
EPS: earnings per share of $0.72
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Essential Utilities Reports Financial Results for Q1 2023 Earnings per share of $0.72; Company reaffirms annual guidance BRYN MAWR, PA (May 8, 2023) – Essential Utilities Inc. (NYSE: WTRG) today reported results for the first quarter ended March 31, 2023.

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Essential Utilities, Inc. filing history →

Source: SEC EDGAR

accession 0001552781-23-000259

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