secwatch.observer — SEC 8-K summary
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Issuer:     Essential Utilities, Inc. (WTRG)
CIK:        0000078128
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001552781-24-000272
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78128/000155278124000272/0001552781-24-000272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78128/000155278124000272/e24221_wtrg-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000272

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