secwatch.observer — SEC 8-K summary
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Issuer:     Essential Utilities, Inc. (WTRG)
CIK:        0000078128
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001552781-23-000431
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78128/000155278123000431/0001552781-23-000431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78128/000155278123000431/e23440_wtrg-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-23-000431

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer