secwatch.observer — SEC 8-K summary
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Issuer:     Essential Utilities, Inc. (WTRG)
CIK:        0000078128
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001552781-24-000417
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78128/000155278124000417/0001552781-24-000417-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78128/000155278124000417/e24330_wtrg-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000417

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