earnings
confidence high
sentiment negative
materiality 0.70
Essential Utilities Q3 EPS $0.25 down from $0.30; reinstates 5-7% long-term EPS growth guidance
Essential Utilities, Inc.
2024-Q3 EPS reported
$1.50
revenue$1,481,730,000
- Q3 net income $69.4M ($0.25/sh) vs $80.1M ($0.30/sh) YoY; revenue up 6% to $435.3M.
- Reinstates multi-year EPS guidance: 5-7% CAGR through 2027; 2025 EPS $2.07-$2.11.
- Peoples Natural Gas rate case approved with $93M annual revenue increase and weather normalization.
- $500M three-year notes issued; quarterly dividend $0.3255/sh payable Dec 2.