Welcome to our dedicated page for Essential Utilities news (Ticker: WTRG), a resource for investors and traders seeking the latest updates and insights on Essential Utilities stock.
Essential Utilities, Inc. (symbol: WTRG) is a key player in the United States utility sector, providing regulated water and wastewater services. Operating through its various subsidiaries, the company serves around three million residential, commercial, industrial, and municipal customers across multiple states including Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, and Virginia.
Headquartered in Bryn Mawr, Pennsylvania, Essential Utilities' history dates back to 1886, formerly known as Aqua America, Inc. The company underwent a rebranding in February 2020 to become Essential Utilities, Inc. The firm has a significant footprint in Pennsylvania, where nearly three-fourths of its water earnings are generated, primarily from suburban Philadelphia.
In addition to traditional water services, Essential Utilities provides non-utility raw water supply services to companies in the natural gas drilling industry. It also offers water and sewer line protection solutions and repair services to households through third-party agreements. Its Peoples subsidiary extends the company's reach into the natural gas sector, serving over 740,000 customers in Pennsylvania and Kentucky.
Over the years, Essential Utilities has consistently prioritized sustainable practices and infrastructure improvements. Recent projects include upgrading water treatment facilities and expanding service coverage to underserved areas. Financially, the company maintains a stable outlook supported by strong regulatory frameworks and long-term contracts.
Essential Utilities has also established several partnerships to enhance service delivery and operational efficiency. These partnerships allow the company to innovate and implement cutting-edge technologies in water treatment and distribution. Through these efforts, Essential Utilities continues to play a crucial role in ensuring access to safe and reliable water and wastewater services.
Essential Utilities Inc. (NYSE: WTRG) will report its earnings for the quarter ending June 30, 2022, on August 3, 2022, after market close. A conference call for financial analysts is scheduled for August 4, 2022, at 11 a.m. Eastern Daylight Time, which will be available via webcast. Essential Utilities serves approximately 5.5 million customers across 10 states, focusing on water, wastewater, and natural gas services. The company emphasizes infrastructure investment and environmental stewardship.
Essential Utilities Inc. (NYSE: WTRG) reported a net income of $199.4 million for Q1 2022, up from $183.7 million in Q1 2021. Earnings per share (EPS) grew by 5.6% to $0.76. Total revenues surged 19.8% to $699.3 million, driven by increased demand and recovery of higher gas costs. The company plans to invest approximately $1 billion in infrastructure annually through 2024. It reaffirmed its 2022 EPS guidance of $1.75-$1.80, alongside a long-term EPS growth rate of 5-7% through 2024. Essential also announced a quarterly dividend of $0.2682, payable on June 1, 2022.
Essential Utilities (NYSE: WTRG) hosted the inaugural H2 Summit: Fueling the Future on April 13 in
Essential Utilities Inc. (NYSE: WTRG) is set to announce its earnings for the quarter ending March 31, 2022, before the market opens on May 9, 2022. A conference call for financial analysts will occur on the same day at 11 a.m. EDT, with a live webcast available for interested participants. Essential Utilities serves approximately 5.5 million people across 10 states, focusing on water, wastewater services, and natural gas. The company's commitment to infrastructure investment and operational efficiency underpins its service quality.
Essential Utilities Inc. (NYSE: WTRG) announced new leadership appointments with Craig Blanchette as president of Aqua Texas and Bob Ervin as president of Aqua Illinois. Both leaders bring extensive experience and a commitment to enhancing community partnerships and infrastructure investments.
Blanchette, previously the president of Aqua Illinois, will now focus on improving services for 276,000 people in Texas, while Ervin aims to elevate customer experience in Illinois. Their leadership is expected to ensure operational excellence and continued growth for the utilities.
The board of directors of Essential Utilities Inc. (NYSE: WTRG) has declared a quarterly cash dividend of $0.2682 per share, payable on June 1, 2022 to shareholders of record on May 13, 2022. This marks the company's commitment to shareholder returns, having paid consecutive quarterly dividends for 77 years and increased the dividend 31 times in the last 30 years. Essential Utilities is a major provider of water, wastewater, and natural gas services in the U.S., serving approximately 5.5 million people across 10 states.
Essential Utilities Inc. (NYSE: WTRG) has announced the acquisition of the wastewater system in Lower Makefield Township for $53 million, adding approximately 11,000 customer connections and pushing Aqua Pennsylvania's total to over 500,000 connections. This acquisition is part of a broader strategy, with seven additional agreements for water and wastewater systems totaling over $418 million. Aqua plans to invest $10 million in infrastructure improvements within 10 years to enhance service quality and sustainability.
FAQ
What is the current stock price of Essential Utilities (WTRG)?
What is the market cap of Essential Utilities (WTRG)?
What services does Essential Utilities, Inc. provide?
In which states does Essential Utilities operate?
When did the company change its name to Essential Utilities, Inc.?
What is the historical significance of Essential Utilities?
How many customers does Essential Utilities serve?
What recent initiatives has Essential Utilities undertaken?
What are the financial prospects of Essential Utilities?
How does Essential Utilities contribute to the natural gas industry?
What strategic partnerships has Essential Utilities formed?
What non-utility services does Essential Utilities offer?
