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) 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.
Essential Utilities (WTRG) reported strong 2021 results with a net income of $431.6 million, or $1.67 per share, a 51.6% increase from 2020. The company achieved total operating revenues of $1.88 billion, up 28.4% year-over-year. Essential's investments in infrastructure exceeded $1 billion, aimed at expanding utility services and enhancing customer experience. For 2022, the company expects net income per share guidance of $1.75 to $1.80 and continues to target long-term earnings growth of 5-7%. The firm remains committed to its environmental and social governance initiatives.
Essential Utilities Inc. (NYSE: WTRG) has signed an asset purchase agreement to acquire the Southern Oaks Water System in Freestone County, Texas, serving approximately 740 homes. This marks Aqua Texas's second acquisition under Texas's fair market value legislation. The company aims to close the acquisition in 2023, adding to its portfolio of eight signed agreements for water and wastewater systems, totaling over $471 million, which will benefit around 235,000 retail customers.
Essential Utilities Inc. (NYSE: WTRG) has announced its earnings guidance for 2022, projecting net income per diluted share between
The board of directors of Essential Utilities (NYSE: WTRG) has declared a quarterly cash dividend of
With 77 years of consecutive dividend payments and 31 increases in the last 30 years, Essential underscores its commitment to shareholder returns. The company serves approximately 5 million people across 10 states, ensuring safe and reliable water and natural gas services.
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