earnings
confidence high
sentiment positive
materiality 0.60
Essential Utilities FY2024 EPS $2.17 (+17% YoY), revenue $2.09B, reaffirms 2025 guidance $2.07-$2.11
Essential Utilities, Inc.
2024-FY EPS reported
$2.17
revenue$2,086,113,000
- GAAP EPS $2.17 vs $1.86 in 2023; adjusted EPS $1.97; net income $595.3M.
- Revenue $2.09B (+1.6%); water segment revenue up 5.9% to $1.22B; gas segment down to $843M.
- PA PUC approved Aqua PA rate settlement raising rates $73M; total rate awards in 2024 $147.8M.
- Reaffirms 2025 EPS guidance $2.07-$2.11 and multi-year CAGR 5-7% from $1.97 (Non-GAAP).
- Quarterly dividend $0.3255/share, payable June 2, 2025; board declared Feb 19, 2025.