---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000045"
form_type: "8-K"
ticker: "WTRG"
cik: "0000078128"
company_name: "Essential Utilities, Inc."
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:48:36.379394+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Essential Utilities reports FY23 EPS $1.86 vs $1.77; initiates FY24 EPS guidance $1.96-$2.00

## Summary
- Net income $498.2M ($1.86 EPS) vs $465.2M ($1.77) in 2022; revenue $2.05B down 10% from $2.29B on lower gas costs.
- Record infrastructure investments of $1.19B in 2023; FY24 capex guidance $1.3-1.4B, $7.2B through 2028.
- Acquired 7 water/wastewater systems adding ~$44.5M rate base and 11k customers; signed agreements for 215k EDUs (~$380M).
- FY24 EPS guidance $1.96-$2.00; expects ~$250M equity ATM in 2024; regulated rate base CAGR ~8% (water) and ~10% (gas).
- Q2 dividend $0.3071/sh declared for June 1; $500M debt issued Jan 2024 at 5.375% due 2034; sold microgrid assets for $165M.

## SEC filing metadata
- accession: 0001552781-24-000045
- form_type: 8-K
- ticker: WTRG
- cik: 0000078128
- company_name: Essential Utilities, Inc.
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/78128/000155278124000045/0001552781-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78128/000155278124000045/e24054_wtrg-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000045
- JSON: https://secwatch.observer/filing/0001552781-24-000045.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000045.txt

## Key facts
- Earnings Releases
  Essential Utilities, Inc. reported year ended December 31, 2023 results: revenue $2.05 billion, net income $498.2 million, EPS $1.86 per share. Guidance initiated.
  - Period: year ended December 31, 2023
  - Revenue: $2.05 billion
  - Net income: $498.2 million
  - EPS: $1.86 per share
  - Guidance: initiated
  - Result: reported results
  source text: sustainable business practices and are excited to continue in our role as an industry leader throughout 2024.” Full-year 2023 Operating Results Essential reported revenues of $2.05 billion in 2023 compared to $2.29 billion in the prior year. The decrease in revenues for the year were primarily due to lower purchased gas costs and unfavorable weather resulting in
  evidence_url: https://www.sec.gov/Archives/edgar/data/78128/000155278124000045/0001552781-24-000045-index.htm

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