Highest-materiality recent filing
PUCO approves Essential Utilities & American Water merger; second regulatory nod
PUCO issued order approving all-stock merger announced Oct 27, 2025.
Essential Utilities furnishes American Water Q1 2026 unaudited financials for merger
Exhibit 99.1 contains American Water's unaudited Q1 2026 financials (three months ended March 31, 2026 and 2025).
Essential Utilities Q1: GAAP EPS $0.79, adjusted $0.83; affirms 5-7% growth, gets KY merger nod
GAAP net income $224.4M ($0.79 EPS); adjusted EPS $0.83 excludes $0.04 merger costs.
Elected seven directors: Elizabeth Amato, Christopher Bruner, David Ciesinski, Christopher Franklin, Daniel Hilferty, W. Bryan Lewis, Tamara Linde. Broker non-votes: 34.2M.
Kentucky PSC approves Essential Utilities-American Water merger; first regulatory nod
Kentucky Public Service Commission approved the all-stock merger between Essential Utilities (WTRG) and American Water (AWK).
No material news found in filing; XBRL footnotes only.
Filing contains only XBRL data with no narrative disclosure.
Essential Utilities issues $500M of 5.125% Senior Notes due 2036
$500M principal, 5.125% interest, semi-annual payments starting Sep 15, 2026, maturity Mar 15, 2036.
Net income $616.4M, EPS $2.20 vs $595.3M ($2.17) in 2024; adjusted 2024 EPS was $1.97.
Both Essential Utilities and American Water Works shareholders approve merger
Essential Utilities (WTRG) and American Water Works (AWK) shareholders approved merger on Feb 10, 2026.
Essential shareholders voted ~94.5% in favor (203.6M for) of merger agreement proposal.
Essential Q3 net income $92.1M, EPS $0.33; guides above prior; announces American Water merger
Q3 net income $92.1M ($0.33 EPS) vs $69.4M ($0.25); revenue $477.0M, +9.6% YoY.
American Water to acquire Essential Utilities; Essential shareholders get 0.305 AWK shares each
Essential shareholders receive 0.305 shares of American Water common stock per share; implied value not disclosed.
Essential Utilities invests $26M in data center water plant, gas services in Pennsylvania
Investment of $26M to build 18 MGD water treatment plant for data center near Monongahela River.
Essential Utilities invests in 1,400-acre PA data center; to build 18 MGD water plant
Will design, build, operate an 18 MGD water treatment plant using Monongahela River water for power generation and data center cooling.
Essential Utilities issues $500M 5.250% Senior Notes due 2035
Principal $500M, interest 5.250% per annum, matures Aug 15, 2035.
Essential Utilities Q2 EPS $0.38 up 35% YoY; dividend raised 5.25%; FY25 guidance above $2.07-$2.11
Q2 GAAP EPS $0.38 vs $0.28 YoY; net income $107.8M vs $75.4M; revenue $514.9M +18.5%.
Essential Utilities Q1 EPS $1.03, revenue up 28%; 2025 guidance affirmed
EPS $1.03 vs $0.97 YoY; net income $283.8M up from $265.8M.
All seven director nominees elected with majority for votes; broker non-votes of ~29.2M.
Essential Utilities launches $1B commercial paper program for general corporate purposes
Program allows up to $1,000,000,000 aggregate principal of short-term unsecured notes.
Essential Utilities FY2024 EPS $2.17 (+17% YoY), revenue $2.09B, reaffirms 2025 guidance $2.07-$2.11
GAAP EPS $2.17 vs $1.86 in 2023; adjusted EPS $1.97; net income $595.3M.
Director Roderick K. West resigns from Essential Utilities Board, effective Feb 15, 2025
West resigned immediately on Feb 15, 2025, citing anticipated time commitments as new CEO of Algonquin Power & Utilities (AQN).
Director Bruner retires from EY; continues as board chair of Audit Committee
Christopher Bruner retired as partner at EY effective Dec 27, 2024.
Essential Utilities raises director cash retainer to $110K, equity to $135K
Annual cash retainer for non-employee directors increased by $5K to $110K; equity grant +$15K to $135K.
Director Edwina Kelly resigns from Essential Utilities board effective Nov 6, 2024
Kelly resigned due to increased work demands after a recent promotion.
Essential Utilities Q3 EPS $0.25 down from $0.30; reinstates 5-7% long-term EPS growth guidance
Q3 net income $69.4M ($0.25/sh) vs $80.1M ($0.30/sh) YoY; revenue up 6% to $435.3M.
Essential Utilities EVP Strategy & Corp Dev resigns to become CFO of Pattern Energy
Matthew R. Rhodes resigned as EVP Strategy and Corporate Development on Sept 6, 2024.
Essential Utilities issues $500M of 4.800% Senior Notes due 2027
Issued $500M principal of 4.800% Senior Notes maturing August 15, 2027.
Essential Utilities issues $500M of 4.800% Senior Notes due 2027
$500M principal amount of 4.800% Senior Notes due 2027.
Essential Utilities enters $1B at-the-market equity facility; prior 2022 ATM terminated
Entered sales agreements with 10 agents to sell up to $1B of common stock at-the-market.
Q2 2024 EPS $0.28 vs $0.34 YoY; dividend raised 6% to $0.3255/share
Q2 net income $75.4M ($0.28 EPS) vs $91.3M ($0.34 EPS) in Q2 2023; revenue $434.4M (-0.5% YoY).
Essential Utilities renews CEO contract; amends CIC agreements for other NEOs
New employment agreement for CEO Christopher Franklin effective July 1, 2024, with three-year term and option for one-year extension.
Essential Utilities Q1 EPS $0.97 vs $0.72; raises FY guidance above $1.96-$2.00 range
Net income $265.8M ($0.97/share) includes $66.0M after-tax gain from sale of non-core energy projects for $165M.
Essential Utilities shareholders elect all nine director nominees at 2024 annual meeting
All nine director nominees elected, including Christopher H. Franklin, with votes ranging from 194.8M to 207.5M 'for' and up to 14.4M 'withheld'.
Essential Utilities reports FY23 EPS $1.86 vs $1.77; initiates FY24 EPS guidance $1.96-$2.00
Net income $498.2M ($1.86 EPS) vs $465.2M ($1.77) in 2022; revenue $2.05B down 10% from $2.29B on lower gas costs.
Essential Utilities issues $500M of 5.375% Senior Notes due 2034
$500M principal of 5.375% Senior Notes maturing Jan 15, 2034; interest payable semi-annually.
Essential Utilities Q3 net income $80.1M, EPS $0.30; reaffirms 2023 guidance
Net income of $80.1M ($0.30 EPS) vs $68.6M ($0.26) in Q3 2022; revenues $411.3M down from $434.6M.
Essential Utilities elects Roderick K. West to Board of Directors
Roderick K. West, Group President Utility Operations at Entergy Corporation, elected to Board effective Oct 25, 2023.
Board approved Amended and Restated Bylaws effective October 25, 2023, implementing Rule 14a-19 universal proxy requirements.
Essential Utilities completes 2023 equity needs by raising ~$300M via ATM program
Raised approximately $300 million through at-the-market common stock issuances at market pricing.
Essential Utilities Q2 record net income $91.3M; EPS $0.34, dividend raised 7%
Net income $91.3M vs $82.3M YoY; EPS $0.34 vs $0.31; revenue $436.7M (down from $448.8M).
Ellen Ruff, director since 2006, agreed to continue as Chair of Risk Mitigation and Investment Policy Committee and member of Executive Compensation Committee until 2024 annual meeting.
Net income $191.4M ($0.72 EPS); revenue $726.5M (+3.9% YoY) on water segment growth offset by warm weather gas volume drop.
Essential Utilities shareholders elect all 8 director nominees, approve say-on-pay
All 8 director nominees elected; highest votes: Edwina Kelly (194.9M for), lowest: Christopher H. Franklin (186.4M for).
Essential Utilities reports record 2022 EPS $1.77, revenue $2.29B; guides 2023 EPS $1.85-$1.90
Full-year net income $465.2M ($1.77 EPS) vs $431.6M ($1.67 EPS) in 2021; revenue $2.29B (+21.8%).
Essential Utilities increases non-employee director annual equity award to $120,000
Board approved a $10,000 increase in annual equity award for all non-employee directors to $120,000, effective Jan 1, 2023.
Essential Utilities Q3 EPS $0.26 vs $0.19; reaffirms FY22 EPS $1.75-$1.80
Net income $68.6M vs $50.5M; diluted EPS $0.26 vs $0.19 in Q3 2021.
Essential Utilities elects W. Bryan Lewis to Board of Directors, effective immediately
Lewis is Chief Investment Officer of U.S. Steel (NYSE: X), responsible for global investments.
Essential Utilities registers $500M at-the-market common stock offering with six sales agents
Sales agreements with Barclays, RBC, TD Securities, Wells Fargo, Baird, Janney Montgomery Scott allow sale of up to $500M in common stock.
EVP & COO Richard Fox to retire Dec 1; Water/Gas VPs to report directly to CEO
EVP and COO Richard Fox retiring effective December 1, 2022.
Essential Utilities Q2 EPS $0.31 (down YoY); raises dividend 7%, reaffirms FY guidance
Net income $82.3M vs $80.9M; EPS $0.31 vs $0.32 in Q2 2021.
On February 15, 2025, Roderick K. West, a member of the Board of Directors (the “Board”) of Essential Utilities, Inc. (the “Company”) since 2023, informed the Company of his resignation as a director and as a member on all Board committees on which he served, effective immediately.
Edwina Kelly, notified the Chairman and Chief Executive Officer of Essential Utilities, Inc. (the “Company”) of her resignation, effective as of the date thereof, from her position as a member of the Board of Directors of the Company
On September 6, 2024, Matthew R. Rhodes, notified the Chairman and Chief Executive Officer of Essential Utilities, Inc. (the “ Company ”) of his resignation from his position as Executive Vice President, Strategy and Corporate Development, including any and all roles he plays in the parent company and any of its subsidiaries, to accept a position as the chief financial officer of Pattern Energy Group L.P.
On October 25, 2023, the Board of Directors elected Roderick K. West to serve on the Board of Directors (the “Board”) of Essential Utilities, Inc. (the “Company”) effective immediately.
On October 26, 2022, the Board of Directors elected W. Bryan Lewis to fill a vacancy and serve on the Board of Directors
On October 17, 2022, Essential Utilities, Inc. (the “Company”) announced that Richard Fox, Executive Vice President and Chief Operating Officer, is retiring effective December 1, 2022.
On March 18, 2022, Francis O. Idehen, a member of the Board of Directors of Essential Utilities, Inc. (the “Company”) since 2019, informed the Company’s Chief Executive Officer that he intended to resign from the Board of Directors in connection with beginning a new employment opportunity.
appointed David A. Ciesinski to the Board, effective on July 2, 2021
Max materiality 0.95 · Median 0.55 · Most common event earnings