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Essential Utilities, Inc.

WTRG

Essential Utilities, Inc. • NYSE
$39.60 ▲ 0.87% (+0.34)
Market Cap $11.21 B
52w High $42.37
52w Low $33.18
Dividend Yield 1.34%
P/E 16.5
Volume 894.31K
Outstanding Shares 282.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $476.971M ▼ $131.606M ▲ $92.077M ▼ 19.305% ▼ $0.33 ▼ $285.711M ▼
Q2-2025 $514.907M ▼ $124.391M ▲ $107.827M ▼ 20.941% ▼ $0.38 ▼ $295.727M ▼
Q1-2025 $783.626M ▲ $122.256M ▲ $283.789M ▲ 36.215% ▲ $1.03 ▲ $444.636M ▲
Q4-2024 $604.383M ▲ $119.776M ▲ $184.755M ▲ 30.569% ▲ $0.67 ▲ $331.661M ▲
Q3-2024 $435.255M $116.703M $69.402M 15.945% $0.25 $254.689M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $6.397M ▼ $18.893B ▲ $12.077B ▲ $6.816B ▲
Q2-2025 $25.071M ▲ $18.554B ▲ $11.834B ▼ $6.72B ▲
Q1-2025 $20.784M ▲ $18.327B ▲ $11.867B ▲ $6.46B ▲
Q4-2024 $9.156M ▲ $18.027B ▲ $11.828B ▲ $6.199B ▲
Q3-2024 $8.436M $17.565B $11.384B $6.181B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $92.077M ▼ $232.513M ▼ $-429.095M ▼ $177.908M ▲ $-18.674M ▼ $-174.415M ▼
Q2-2025 $107.827M ▼ $272.317M ▼ $-344.949M ▼ $76.919M ▲ $4.287M ▼ $-69.773M ▼
Q1-2025 $283.789M ▲ $299.517M ▲ $-287.88M ▲ $-9K ▼ $11.628M ▲ $28.978M ▲
Q4-2024 $184.755M ▲ $147.833M ▼ $-397.237M ▼ $250.124M ▲ $720K ▲ $-249.416M ▼
Q3-2024 $69.402M $196.084M $-383.933M $177.466M $-10.383M $-187.546M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Natural Gas
Natural Gas
 $100.00M ▲$420.00M ▲$470.00M ▲$180.00M ▼
Other
Other
 $10.00M ▲$20.00M ▲$10.00M ▼$10.00M ▲
Wastewater
Wastewater
 $50.00M ▲$100.00M ▲$50.00M ▼$60.00M ▲
Water
Water
 $280.00M ▲$500.00M ▲$250.00M ▼$270.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Essential Utilities shows a generally steady growth story over the past several years. Revenue has trended upward over time, with a brief spike then slight pullback, but profits have continued to improve even when sales eased. Margins look healthy for a regulated utility, suggesting the company has been able to manage costs and secure reasonable rate outcomes. Earnings per share have moved higher at a measured, consistent pace, which points to a stable, mature business that is still able to grow but not at a rapid, high‑volatility rate.

Balance Sheet

Balance Sheet The balance sheet reflects a capital‑intensive utility steadily expanding its asset base. Total assets have grown each year as the company invests in water and gas infrastructure. Debt has also risen, which is typical for regulated utilities that finance long‑lived projects with borrowed money. Equity has increased as well, indicating that retained earnings and possibly past equity issuance are supporting growth. The company runs with very little cash on hand, but in this sector that is common because cash needs are usually met through ongoing cash flow and access to capital markets. The key trade‑off is higher leverage in exchange for long‑term, regulated returns on infrastructure.

Cash Flow

Cash Flow Operating cash flow has been consistently positive and generally rising, which supports the view that the underlying utility operations are solid and predictable. However, free cash flow has been negative for several years because capital spending is very high. The company is pouring substantial funds into system upgrades and expansion, and those investments are being financed by a mix of debt and, at times, equity rather than by current cash flow alone. This pattern is normal for a growth‑oriented regulated utility, but it does mean the business depends on continued access to financing and constructive regulatory treatment to earn back those investments over time.

Competitive Edge

Competitive Edge Essential Utilities operates in regulated water and gas markets, which naturally limits direct competition in its service territories. Its large, long‑established network across multiple states gives it scale advantages, deep regulatory relationships, and high barriers to entry for newcomers. The model of acquiring and upgrading smaller municipal systems has expanded its footprint and rate base, reinforcing its position as a consolidator in the sector. Regulation is both a strength and a risk: it provides predictable revenue and returns, but also exposes the company to changes in policy, political pressure on customer rates, and scrutiny over environmental performance. The announced all‑stock merger agreement with American Water Works, if completed, would fold Essential into a much larger national player and could reshape its competitive context, integration risks, and long‑term opportunities.

Innovation and R&D

Innovation and R&D For a utility, Essential Utilities is relatively active on the innovation front. It has invested in a modern water testing lab with advanced capabilities, including work on emerging contaminants like PFAS, and is rolling out treatment projects to address these risks across its systems. The company is also upgrading aging water mains and gas pipelines, which not only improves reliability but helps reduce emissions and leaks. On the gas side, pilots involving hydrogen and renewable natural gas explore how its network could support a lower‑carbon future. These efforts, paired with emissions‑reduction goals and high use of renewable electricity for operations in several states, suggest a strategy that blends regulatory compliance, environmental responsibility, and long‑term system modernization rather than short‑term cost cutting.

Summary

Overall, Essential Utilities appears to be a stable, steadily growing regulated utility that is leaning into heavy infrastructure investment and environmental upgrades. Its income statement reflects consistent profitability and gradual earnings growth, supported by constructive regulation and ongoing acquisitions. The balance sheet shows rising assets and leverage, typical for its business model, with an increasing equity base to share the load. Cash flows highlight a clear story: strong day‑to‑day operations funding only part of an ambitious capital program, with the rest depending on external financing. Competitively, the company benefits from regulated monopolylike positions, scale, and long operating history, while facing risks tied to regulation, interest rates, and environmental obligations. Its focus on advanced water testing, PFAS treatment, pipeline replacement, and low‑carbon gas pilots indicates an eye toward long‑term resilience. The proposed merger with American Water Works adds a major strategic twist that, if it closes, could significantly change the company’s scale, risk profile, and role in the U.S. water utility landscape.

NEWS

November 17, 2025 · 5:00 PM UTC

Aqua Indiana Breaks Ground on Historic Midwest Wastewater Treatment Plant Expansion Project in Fort Wayne

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November 4, 2025 · 5:00 PM UTC

Essential Utilities Reports Third Quarter 2025 Results

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October 28, 2025 · 7:00 AM UTC

WTRG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Essential Utilities, Inc. Is Fair to Shareholders

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October 27, 2025 · 7:39 PM UTC

Essential Utilities Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Essential Utilities, Inc. - WTRG

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October 27, 2025 · 5:30 PM UTC

$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Essential Utilities, Inc. (NYSE: WTRG)

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