secwatch.observer — SEC 8-K summary
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Issuer:     Essential Utilities, Inc. (WTRG)
CIK:        0000078128
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001552781-23-000342
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78128/000155278123000342/0001552781-23-000342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78128/000155278123000342/e23354_wtrg-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-23-000342

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