---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-23-000342"
form_type: "8-K"
ticker: "WTRG"
cik: "0000078128"
company_name: "Essential Utilities, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:18:38.457985+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Essential Utilities Q2 record net income $91.3M; EPS $0.34, dividend raised 7%

## Summary
- Net income $91.3M vs $82.3M YoY; EPS $0.34 vs $0.31; revenue $436.7M (down from $448.8M).
- Regulated water revenue increased 9.0% to $293.7M; natural gas revenue decreased to $139.0M from $167.7M due to lower purchased gas costs.
- Quarterly dividend raised 7% to $0.3071/share; payable Sep 1, record Aug 11; 33rd increase in 32 years.
- Acquired 7 water/wastewater systems in 2023; $44.5M rate base, 11K customers; adds pending DELCORA ($276.5M) and other agreements.
- Reaffirmed FY2023 EPS guidance $1.85-$1.90; long-term EPS CAGR 5-7% through 2025; $1.1B annual capex.

## SEC filing metadata
- accession: 0001552781-23-000342
- form_type: 8-K
- ticker: WTRG
- cik: 0000078128
- company_name: Essential Utilities, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78128/000155278123000342/0001552781-23-000342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78128/000155278123000342/e23354_wtrg-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-23-000342
- JSON: https://secwatch.observer/filing/0001552781-23-000342.json
- Plain text: https://secwatch.observer/filing/0001552781-23-000342.txt

## Key facts
- Earnings Releases
  Essential Utilities, Inc. reported the second quarter ended June 30, 2023 results: revenue $436.7 million, net income $91.3 million, EPS $0.34. Guidance reaffirmed.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $436.7 million
  - Net income: $91.3 million
  - EPS: $0.34
  - Guidance: reaffirmed
  - Result: reported results
  source text: volume from the regulated water segment were offset by other items, decreased regulated natural gas segment volume, and lower expenses. Revenues for the quarter were $436.7 million compared to $448.8 million in the second quarter of 2022. Lower purchased gas costs and decreased volume from the regulated natural gas segment contributed to the decrease in
  evidence_url: https://www.sec.gov/Archives/edgar/data/78128/000155278123000342/0001552781-23-000342-index.htm
- Earnings Releases
  Essential Utilities, Inc. reported the six months ended June 30, 2023 results: revenue $1,163.2 million, net income $282.7 million, EPS $1.07. Guidance reaffirmed.
  - Period: the six months ended June 30, 2023
  - Revenue: $1,163.2 million
  - Net income: $282.7 million
  - EPS: $1.07
  - Guidance: reaffirmed
  - Result: reported results
  source text: million, or $1.07 per share compared to $281.7 million or $1.07 per share through the same period of 2022. For the first six months of 2023, the company reported revenues of $1,163.2 million, an increase of 1.3%, compared to $1,148.0 million in the first half of 2022. Operations and maintenance expenses were down 2.2% for the first half of 2023 to $271.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/78128/000155278123000342/0001552781-23-000342-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.