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Essential Utilities (WTRG) Reports Strong Q4 and Full-Year 2024 Results

Bryn Mawr, PA, February 26, 2025Essential 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.

Essential Utilities (WTRG) Reports Strong Q4 and Full-Year 2024 Results

Bryn Mawr, PA, February 26, 2025Essential 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.

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