earnings
confidence high
sentiment positive
materiality 0.75
Essential Utilities Q1: GAAP EPS $0.79, adjusted $0.83; affirms 5-7% growth, gets KY merger nod
Essential Utilities, Inc.
2026-Q1 EPS reported
$0.79
revenue$861,759,000
- GAAP net income $224.4M ($0.79 EPS); adjusted EPS $0.83 excludes $0.04 merger costs.
- Revenue $861.8M (+10% YoY); water segment $323M (+7.4%), gas $529.4M.
- Invested $269M in infrastructure Q1; on track for $1.7B in 2026. Issued $500M 5.125% notes due 2036.
- Merger with American Water: Kentucky PUC approved Apr 20; close expected Q1 2027; 95% shareholder vote.
- Closed $18M Greenville Water Authority acquisition; $285M pending purchases including DELCORA.