---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000272"
form_type: "8-K"
ticker: "WTRG"
cik: "0000078128"
company_name: "Essential Utilities, Inc."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:31:19.931048+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Essential Utilities Q1 EPS $0.97 vs $0.72; raises FY guidance above $1.96-$2.00 range

## Summary
- Net income $265.8M ($0.97/share) includes $66.0M after-tax gain from sale of non-core energy projects for $165M.
- Revenue $612.1M, down 15.7% YoY, primarily due to lower purchased gas costs passed through to customers.
- Water segment revenue up 4.7% to $279.9M; gas segment revenue down to $324.3M from $441.3M on lower commodity prices.
- Quarterly dividend of $0.3071 declared, payable June 1, 2024 to holders of record May 10, 2024.
- Company now expects 2024 EPS to exceed prior guidance of $1.96-$2.00 due to the gain on sale, despite warm weather.

## SEC filing metadata
- accession: 0001552781-24-000272
- form_type: 8-K
- ticker: WTRG
- cik: 0000078128
- company_name: Essential Utilities, Inc.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78128/000155278124000272/0001552781-24-000272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78128/000155278124000272/e24221_wtrg-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000272
- JSON: https://secwatch.observer/filing/0001552781-24-000272.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000272.txt

## Key facts
- Earnings Releases
  Essential Utilities, Inc. reported first quarter ended March 31, 2024 results: revenue $612.1 million, net income $265.8 million, EPS $0.97 per share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $612.1 million
  - Net income: $265.8 million
  - EPS: $0.97 per share
  - Result: reported results
  source text: gas segment and water segment volumes, and other items, which includes the gain on sale, were offset by a slight increase in expenses. Revenues for the quarter were $612.1 million compared to $726.5 million in the first quarter of 2023, a decrease of 15.7%. Lower purchased gas costs and other items were the primary contributors to the decrease in revenues
  evidence_url: https://www.sec.gov/Archives/edgar/data/78128/000155278124000272/0001552781-24-000272-index.htm

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