Essential Utilities Q3 net income $80.1M, EPS $0.30; reaffirms 2023 guidance

Essential Utilities, Inc.

2023-Q3 EPS reported $1.37 revenue$1,574,405,000

Net income of $80.1M ($0.30 EPS) vs $68.6M ($0.26) in Q3 2022; revenues $411.3M down from $434.6M.
Reaffirms 2023 EPS guidance of $1.85-$1.90 and long-term 5-7% CAGR through 2025.
Completed $300M ATM equity issuance and $225M Aqua PA bond issuance in Q3; proceeds used for acquisitions and capex.
Signed agreements to acquire wastewater systems serving ~211k EDUs for ~$354M, including DELCORA.
Completed sale of WV gas assets; $165M binding agreement to sell microgrid projects; proceeds to fund capex.

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 0.9

Essential Utilities, Inc. reported the third quarter ended September 30, 2023 results: revenue $411.3 million, net income $80.1 million, EPS $0.30. Guidance reaffirmed.

Period: the third quarter ended September 30, 2023
Revenue: $411.3 million
Net income: $80.1 million
EPS: $0.30
Guidance: reaffirmed
Result: reported results

Exact text from the filing

esults for Q3 2023 Earnings per share of $0.30 Reaffirms annual guidance Publishes 2022 ESG report, highlighting strong progress on commitments and targets BRYN MAWR, PA (November

View on SEC.gov

3 earnings releases filed in the last 30 days. Browse all earnings releases →

Essential Utilities, Inc. filing history →

Source: SEC EDGAR

accession 0001552781-23-000431

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.