Q2 2024 EPS $0.28 vs $0.34 YoY; dividend raised 6% to $0.3255/share

Essential Utilities, Inc.

2024-Q2 EPS reported $1.25 revenue$1,046,475,000

Q2 net income $75.4M ($0.28 EPS) vs $91.3M ($0.34 EPS) in Q2 2023; revenue $434.4M (-0.5% YoY).
Warm weather (44% warmer than normal) reduced natural gas volumes; O&M expenses rose to $142.5M.
Quarterly dividend increased 6% to $0.3255/share, payable Sept 3, 2024; 34th increase in 33 years.
Expects to exceed original 2024 EPS guidance of $1.96-$2.00 due to gain on sale of energy plant assets.
Infrastructure investments of $1.3-1.4B in 2024; $7.2B through 2028; pending rate cases for $325.9M in incremental annual revenues.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.