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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

Essential Utilities Announces Election of Roderick K. West to Board of Directors

Rhea-AI Summary
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 Declares December 2023 Dividend

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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 to Report Earnings for Q3 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 Agrees to Purchase Greenville Water System for $18 Million

Rhea-AI Summary
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 Announces Sale of Allegheny County Microgrid and District Energy Projects to Cordia

Rhea-AI Summary
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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Cordia Acquiring Three Cutting-Edge Energy Systems from Essential Utilities in Allegheny County

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Cordia acquires three energy systems in Pittsburgh for $165 million, expanding its presence in the region and supporting its mission of providing safe, reliable, and sustainable energy solutions.
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Essential Utilities Completes Sale of West Virginia Gas Utility Assets

Rhea-AI Summary
Essential Utilities closes sale of West Virginia gas utility assets, prioritizes growth in water and wastewater utilities. Peoples Gas operation in Western Pennsylvania remains important for Aqua's acquisition strategy. Gas operations focus on efficiency, safety, and reducing emissions. Customer service transition to last up to 12 months.
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Essential Utilities named to Newsweek’s Most Responsible Companies list for second consecutive year

Rhea-AI Summary
Essential Utilities Inc. (NYSE: WTRG) has been recognized by Newsweek as one of America’s Most Responsible Companies for the second year in a row. The company is commended for its environmental stewardship, sustainability, and governance efforts, including aggressive carbon emissions reduction targets, a culture of inclusion, and significant philanthropic contributions. The recognition is based on sustainability reports, ESG performance data, and an independent survey.
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Essential Utilities Reports Financial Results for Q2 2023

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Essential Utilities Inc. (NYSE: WTRG) reports strong Q2 results, with a record net income of $91.3 million and an EPS of $0.34. The company also increases its quarterly dividend rate by 7% and acquires seven water and wastewater systems, reaffirming its annual guidance.
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Essential Declares 7% Dividend Increase

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Essential Utilities Inc. (NYSE: WTRG) declares a 7% increase in quarterly cash dividend to $0.3071 per share, payable on September 1, 2023. This marks the 33rd dividend increase in the past 32 years and the company's 78th consecutive quarterly cash dividend. The annualized dividend rate will be $1.2284 per share, with a targeted dividend payout ratio of 60 to 65% of net income.
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FAQ

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

The current stock price of Essential Utilities (WTRG) is $38.81 as of November 18, 2024.

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

The market cap of Essential Utilities (WTRG) is approximately 10.7B.

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.

Stock WTRG logo
Essential Utilities, Inc.

NYSE:WTRG

WTRG Rankings

#824 Ranked by Market Cap
#916 Ranked by Dividends

WTRG Stock Data

10.67B
274.61M
0.19%
84.55%
1.41%
Utilities - Regulated Water
Water Supply
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United States of America
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