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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.

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Essential Utilities (WTRG) has been named to Newsweek’s list of America’s Most Responsible Companies 2024 for the third consecutive year. The company's commitment to sustainable and ethical business practices has been recognized, reflecting its dedication to environmental, social, and corporate governance practices. Essential has achieved significant ESG milestones, including a 25% reduction in greenhouse gas emissions and diverse supplier and employee commitments. The company's recognition as one of the top 600 most responsible companies in the U.S. demonstrates its ongoing commitment to ESG practices.
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Essential Utilities (WTRG) Donates $20,000 to Chester County Food Bank to Combat Food Insecurity
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Peoples Gas Holiday Market™, organized by Essential Utilities (NYSE:WTRG), brings together artisans from around the world, offering holiday gifts, sweet treats, and live entertainment. Peoples is a longtime supporter of the Greater Pittsburgh Community Food Bank and the Butler Spirit of Christmas Parade, reinforcing its commitment to every community it serves.
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Essential Utilities Inc. (NYSE: WTRG) declared a quarterly cash dividend of $0.3071 per share, payable on March 1, 2024, to shareholders of record on February 9, 2024. This represents a 7% increase over the March 2023 dividend payment. The company has paid consecutive quarterly cash dividends for 79 years and increased the dividend 33 times in the last 32 years.
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Essential Utilities Inc. (NYSE: WTRG) reported Q3 2023 net income of $80.1 million, compared to $68.6 million in Q3 2022. Earnings per share were $0.30, up from $0.26 in the same quarter last year. Revenues for the quarter were $411.3 million, down from $434.6 million in Q3 2022. The company reaffirmed its 2023 financial and growth guidance, including a net income per diluted common share of $1.85 to $1.90.
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Essential Utilities Inc. announces the election of Rod West to its board of directors. West is the group president, utility operations at Entergy Corporation. He has extensive experience in the utility industry and will bring strategic and commercial expertise to Essential Utilities.
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Essential Utilities Inc. (NYSE: WTRG) has declared a quarterly cash dividend of $0.3071 per share, representing a 7% increase over the previous year. The dividend will be payable on December 1, 2023, to shareholders of record on November 10, 2023.
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Essential Utilities Inc. (NYSE: WTRG) will report Q3 2023 earnings on Nov. 6, 2023. Conference call with analysts on Nov. 7, 2023 at 11 a.m. EST. Webcast available on Essential.co.
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Essential Utilities' Aqua Pennsylvania subsidiary has signed a purchase agreement to acquire the water system in Greenville, PA for $18 million, with plans to invest over $10 million in the system within the next 10 years. The transaction is expected to close in Q3 2024. This acquisition aligns with Essential's strategy to invest in system operations and infrastructure. Aqua Pennsylvania has also signed a purchase agreement to acquire Greenville's wastewater system. So far in 2023, Essential has acquired seven water and wastewater systems, adding over 11,000 new customers to its footprint.
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Essential Utilities, Inc. (NYSE: WTRG) will sell three non-utility microgrid and district energy properties for $165 million to Cordia, an energy solutions provider. The sale allows Essential to focus on its core business as a regulated utility. Cordia's expertise in microgrids and district energy systems, along with their established presence in Pittsburgh, makes them a suitable buyer. The transaction is expected to close in late 2023 or early 2024.
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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.

Essential Utilities, Inc.

NYSE:WTRG

WTRG Rankings

WTRG Stock Data

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