secwatch.observer — SEC 8-K summary
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Issuer:     Essential Utilities, Inc. (WTRG)
CIK:        0000078128
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001552781-24-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78128/000155278124000045/0001552781-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78128/000155278124000045/e24054_wtrg-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000045

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