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Essential Utilities, Inc. - WTRG STOCK NEWS

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.

News

Aqua New Jersey Celebrates Completion of Newest PFAS Treatment Facility at its Green Avenue Well Station in Lawrence Township

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Aqua New Jersey celebrates the completion of its newest PFAS treatment facility at the Green Avenue Well Station in Lawrence Township. The investment aims to remove per- and polyfluoroalkyl substances (PFAS) to enhance drinking water quality. The facility, fully operational on May 1, will provide ion exchange treatment to approximately 8,000 people in Lawrence Township, ensuring compliance with the new EPA regulations. Aqua's proactive approach to PFAS remediation and commitment to water security are highlighted, showcasing the company's leadership in addressing water contamination issues.
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Essential Utilities Releases Comment on EPA Promulgation of PFAS Maximum Contaminant Level

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Aqua, a company with over seven years of experience in testing and addressing 'forever chemicals,' provides details on progress in removing PFAS from drinking water. Essential Utilities Chairman and CEO, Christopher Franklin, commends Aqua's efforts and shares plans to meet the new EPA regulations on PFAS compounds in drinking water.
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Essential Utilities and Employees Team Up for $800,000 Donation to United Way

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Essential Utilities Inc. (NYSE: WTRG) announces over $800,000 in total contributions for the United Way during its 2023-2024 giving campaign. The company's Essential Foundation provided a matching gift on top of individual pledges from employees in its Aqua and Peoples Natural Gas segments. More than 2,000 employees supported 479 community organizations across nine states, with a focus on various causes. Aqua and Peoples have donated over $3.1 million in the past four years. The corporate match will benefit organizations in partnership with the United Way.
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Essential Utilities Urges You to Spring Into Safety This Season

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Peoples Natural Gas, an Essential Utilities, Inc., company, emphasizes the importance of calling 811 before digging during National Safe Digging Month. Thousands of landscaping and home improvement projects starting in spring highlight the need for contractors and customers to utilize the Pennsylvania 811 One Call system to prevent accidents and comply with the law. The press release stresses the significance of calling 811 for all digging activities, including minor projects like planting trees or installing mailboxes. The initiative aims to enhance community safety by preventing damage to underground utility infrastructure.
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Essential Utilities to Report Earnings for Q1 2024

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Essential Utilities Inc. (WTRG) will report Q1 2024 earnings on May 2, 2024, with a conference call on May 3, 2024. The call will be webcast live and archived for 90 days. An audio replay will be available for 10 business days.
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Essential Utilities Reports Financial Results for Full-Year 2023 and Announces Guidance

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Essential Utilities Inc. (WTRG) reported net income of $498.2 million or $1.86 per share for 2023, compared to $465.2 million or $1.77 per share in 2022. The company acquired seven systems, adding over $44 million in rate base and 11,000 customers. Essential initiated 2024 annual earnings per share guidance of $1.96 to $2.00 and capital investment guidance of $7.2 billion from 2024 through 2028.
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Essential Declares June 2024 Dividend

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Essential Utilities Inc. (WTRG) declared a quarterly cash dividend of $0.3071 per share, a 7% increase over the previous year, showcasing financial stability and shareholder value. The company has a strong history of consistent dividend payments and increases, reflecting a commitment to shareholder returns.
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Essential Utilities to Report Earnings for Full-Year 2023

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Essential Utilities Inc. (NYSE: WTRG) will report Q4 and 2023 year-end earnings and guidance on Feb. 22, 2024. The conference call with financial analysts will be on Feb. 23, 2024, at 11 a.m. EST, with a webcast and replay available on Essential.co. International callers can find their dial-in number on the company's website.
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Essential Utilities Completes Sale of Allegheny County Microgrid and District Energy Projects to Cordia

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Essential Utilities, Inc. (NYSE: WTRG) has closed the sale of its three non-utility microgrid and district energy properties in Allegheny County to Cordia for $165 million. The agreement covers innovative microgrids and district energy systems developed by Peoples, Essential’s gas operations subsidiary based in Pittsburgh. These systems include the Pittsburgh International Airport microgrid, the district energy system at Allegheny Health Network (AHN) – Wexford Hospital, and the Allegheny County District Energy system. Essential selected Cordia as the buyer due to their expertise in microgrids and district energy systems, along with their established footprint in Pittsburgh. The sale allows Essential to focus on its core business as a regulated utility while continuing to support projects that provide resilient, sustainable energy.
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Cordia Announces Financial Close on Three Energy Systems from Essential Utilities in Allegheny County

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Cordia, a leading energy solutions provider, announced the financial closing on the acquisition of three microgrids and district energy systems in Allegheny County, Pennsylvania, from Essential Utilities, Inc. The $165 million acquisition includes the Pittsburgh International Airport Microgrid, the district energy system at Allegheny Health Network (AHN) – Wexford Hospital, and the Allegheny County District Energy System. Cordia's CEO highlighted the strategic importance of the acquisitions in strengthening the company's presence in the Pittsburgh region and supporting critical institutions with efficient and sustainable energy solutions. The projects were developed by Essential subsidiary Peoples, leveraging natural gas to deliver safer, more reliable, and more resilient energy to major institutions in the region.
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FAQ

What is the current stock price of Essential Utilities (WTRG)?

The current stock price of Essential Utilities (WTRG) is $36.36 as of December 20, 2024.

What is the market cap of Essential Utilities (WTRG)?

The market cap of Essential Utilities (WTRG) is approximately 10.0B.

What services does Essential Utilities, Inc. provide?

Essential Utilities offers regulated water and wastewater services, raw water supply for natural gas drilling, and water and sewer line protection solutions.

In which states does Essential Utilities operate?

The company operates in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, and Virginia.

When did the company change its name to Essential Utilities, Inc.?

The company rebranded from Aqua America, Inc. to Essential Utilities, Inc. in February 2020.

What is the historical significance of Essential Utilities?

Founded in 1886, Essential Utilities has over a century of experience in providing reliable water and wastewater services.

How many customers does Essential Utilities serve?

The company serves approximately three million customers, including residential, commercial, industrial, and municipal clients.

What recent initiatives has Essential Utilities undertaken?

Recent projects include upgrading water treatment facilities and expanding service coverage to underserved areas.

What are the financial prospects of Essential Utilities?

The company maintains a stable financial outlook supported by strong regulatory frameworks and long-term contracts.

How does Essential Utilities contribute to the natural gas industry?

Through its Peoples subsidiary, Essential Utilities serves over 740,000 gas distribution customers in Pennsylvania and Kentucky.

What strategic partnerships has Essential Utilities formed?

Essential Utilities has established partnerships to enhance service delivery and operational efficiency, leveraging technology for better water treatment and distribution.

What non-utility services does Essential Utilities offer?

The company provides non-utility raw water supply services to natural gas drilling companies and offers water and sewer line protection solutions for households.

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Essential Utilities, Inc.

NYSE:WTRG

WTRG Rankings

#854 Ranked by Market Cap
#878 Ranked by Dividends

WTRG Stock Data

10.00B
274.03M
0.19%
81.79%
1.52%
Utilities - Regulated Water
Water Supply
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United States of America
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