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:
- 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.
- 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.
- 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.
