Bryn Mawr, PA, February 26, 2025 – Essential Utilities Inc. (NYSE: WTRG) has announced its fourth-quarter and full-year 2024 earnings, showing strong growth in net income and earnings per share (EPS).

Q4 2024 Financial Highlights:

• Net Income: $184.8 million
• Earnings per Share (EPS): $0.67, up from $0.50 in Q4 2023 (+34% YoY growth)

Full-Year 2024 Performance:

• Revenue Growth: Yet to be disclosed, but expected to reflect continued expansion in water and natural gas operations.
• Profitability Improvement: The company’s operational efficiency and infrastructure investments contributed to the rise in net income and EPS.

Key Business Drivers:

1. Expansion in Water and Natural Gas Services
   • Essential Utilities continues to strengthen its footprint in regulated water and natural gas markets.
   • The company has been actively investing in infrastructure upgrades and sustainability initiatives.
2. Rate Adjustments and Operational Efficiency
   • Improved rate structures and cost control measures helped boost overall profitability.
   • Investments in modernizing water and gas distribution systems have enhanced service reliability.
3. Regulatory and Policy Support
   • The company benefits from strong regulatory backing for water and energy infrastructure investments.
   • Continued government incentives for sustainability and clean energy could drive future growth.

Looking Ahead: 2025 Outlook

• Continued Expansion: Essential Utilities aims to grow its customer base and improve service delivery.
• Infrastructure Investments: The company plans to increase capital spending to modernize its operations.
• Dividend Stability: As a utility stock, WTRG remains a reliable option for income-focused investors seeking steady returns.

Final Thoughts

With strong earnings growth, increased profitability, and ongoing infrastructure investments, Essential Utilities remains well-positioned for long-term success. Investors will be watching for future expansion plans, regulatory developments, and sustainability initiatives that could further drive shareholder value in 2025 and beyond.