WTRG
Essential Utilities, Inc.38.31
-0.12-0.31%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Light Q&A on regs, DELCORA
Q&A added modest color on regulatory cadence and DELCORA without contradicting the scripted 2025 EPS beat to $2.20 or 5-7% CAGR reaffirmation off 2024 non-GAAP $1.97. Management signaled Pennsylvania rate filings soon on two-year historical pace, confirmed separate merger and rate dockets, and tweaked credit language to '12% plus' FFO-to-debt above agency thresholds. On Chester, Chris detailed a potential negotiation for reversionary assets to aid bankruptcy exit and unlock DELCORA. Answers stayed direct. No walk-backs surfaced. Investors track DELCORA motion and rate momentum ahead of 2027 close.
Key Stats
Market Cap
10.84BP/E (TTM)
15.96Basic EPS (TTM)
2.40Dividend Yield
0.03%Recent Filings
8-K
Issues $500M notes due 2036
Essential Utilities issued $500 million of 5.125% senior notes due 2036 on March 9, 2026, via public offering underwritten by Barclays, PNC, and RBC. Notes pay interest semi-annually starting September 15, 2026, with make-whole redemption before December 15, 2035. Standard covenants apply. Offering closed smoothly.
8-K
EPS rises to $2.20; merger approved
Essential Utilities posted full-year 2025 net income of $616.4 million, or $2.20 per share, up from $595.3 million and $2.17 in 2024, fueled by higher rates and gas volumes despite rising expenses. Shareholders approved the merger with American Water on February 10, 2026; closing targeted for Q1 2027. Record $1.4 billion infrastructure spend. Merger hinges on regulatory nods.
10-K
FY2025 results
Essential Utilities posted FY2025 operating revenues of $2.5B, up 18.6% y/y, driven by rate hikes adding $87M annualized and colder weather boosting natural gas volumes 17% to 148Bcf amid 5,380 HDDs (25.5% colder than 2024). Regulated water revenues rose 8.6% to $1.3B on $105M rate relief, while gas jumped 32.6% to $1.1B; Q4 momentum showed steady customer adds of 0.8% y/y to 1.9M total. Net income edged up 3.5% to $616M, or $2.20/share, with capex hitting $1.4B (3.5x depreciation) funding infrastructure; debt stood at $8.2B (4.1% weighted cost), offset by $300M ATM equity. Pending American Water merger eyes Q1 2027 close. Regulatory delays could stall quarterly rate recovery.
8-K
Merger shareholder approvals cleared
American Water Works shareholders approved the merger with Essential Utilities on February 10, 2026, matching Essential's approval based on preliminary votes. The deal, set by the October 26, 2025 agreement, cleared both special meetings. Essential will file final results soon. Merger advances unchecked.
8-K
Shareholders approve merger
Essential Utilities shareholders approved the merger with American Water on February 10, 2026, with 203.6 million for votes (95% of shares present) trouncing opposition. Quorum hit 76.2% of outstanding stock. Merger awaits regulatory nods; close eyed for Q1 2027 end. Shareholder greenlight vaults past one key hurdle.
IPO
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