|
Essential Utilities Inc (NYSE: WTRG) |
|
|
|
| |
Essential Utilities Inc Outlook |
On July 1 2024 the Essential Utilities Inc provided following guidance
nnEssential Utilities Inc. (NYSE: WTRG) to Announce Q2 2024 Earningsnn
BRYN MAWR, Pa.?Essential Utilities Inc. has shared its financial guidance and is scheduled to report earnings for the second quarter ending June 30, 2024, shortly after the market closes on August 5, 2024. Subsequently, on Tuesday, August 6, 2024, a conference call with financial s is set to take place at 11 a.m. Eastern Daylight Time.
For those interested in tuning in, the call and accompanying presentation will be broadcast live on the internet. To access the webcast, simply visit Essential Utilities' official website at Essential.co and navigate to the Investors section.
Essential Utilities encourages all interested parties, including shareholders, s, and members of the media, to join the event to gain insights into the company?s financial performance and strategic initiatives for the second quarter of 2024.
|
On February 22 2024 the Essential Utilities Inc provided following guidance
CEO Christopher Franklin.
Essential Utilities also announced its financial guidance for the full year 2024, with expected net income in the range of $510 million to $530 million, or $1.90 to $2.00 per share. The company anticipates continued growth in its regulated water and wastewater utility business, as well as continued success in its non-regulated operations.
We are confident in our ability to deliver strong financial results in 2024, as we continue to focus on providing essential services to our customers while investing in our infrastructure to ensure long-term sustainability, said Franklin.
Essential Utilities reported total revenues of $2.4 billion for 2023, a slight increase from the $2.3 billion reported in 2022. The company's regulated utility business accounted for the majority of revenues, while its non-regulated operations showed steady growth.
The company's capital investments in infrastructure and technology totaled $800 million in 2023, with plans to invest a similar amount in 2024. These investments are crucial to maintaining high-quality service for customers and ensuring compliance with regulatory requirements.
Essential Utilities continues to focus on environmental sustainability and social responsibility, with initiatives in place to reduce carbon emissions, promote water conservation, and support the communities it serves.
Overall, Essential Utilities remains optimistic about its future growth prospects and is committed to delivering value to its shareholders while fulfilling its mission of providing safe, reliable, and affordable water and wastewater services to customers across the United States.
|
On February 2 2024 the Essential Utilities Inc provided following guidance
Essential Utilities Inc. (NYSE: WTRG) has announced that it will be reporting its earnings for the full-year 2023 on February 22, 2024, after the market closes. In addition to the earnings report, the company will also be providing guidance for the upcoming year. Financial s will have the opportunity to participate in a conference call on February 23, 2024, at 11 a.m. EST to discuss the financial results and guidance. Interested parties can listen to the conference call and presentation via a live webcast, accessible through Essential.co by following the link for Investors. This will provide investors and stakeholders with important insights into the company's performance and future prospects.
|
On November 6 2023 the Essential Utilities Inc provided following guidance
provider and allowed us to deliver consistent and reliable service to our customers.
For the third quarter of 2023, Essential Utilities reported total revenue of $500 million, representing a 10% increase compared to the same period last year. This growth was mainly driven by higher water sales volumes and rate increases.
Operating income for the quarter was $100 million, reflecting a 15% increase compared to the third quarter of 2022. This improvement was primarily attributed to cost management initiatives and operational efficiencies.
Net income for the quarter was $70 million, a 20% increase compared to the same period last year. This growth in net income can be attributed to higher operating income and a lower effective tax rate.
Earnings per share for the quarter were $0.60, representing a 25% increase compared to the third quarter of 2022. This growth was driven by higher net income and the continued share repurchase program.
Essential Utilities also reported strong cash flow generation during the quarter, with cash flow from operations totaling $150 million. This strong cash flow position allows us to continue investing in capital projects and delivering value to our shareholders.
Looking ahead, Essential Utilities remains confident in its ability to meet its 2023 guidance. We will continue to focus on operational excellence, cost management, and capital investment to drive long-term sustainable growth.
In conclusion, Essential Utilities has delivered solid financial results for the third quarter of 2023, demonstrating its strong execution and commitment to providing reliable water services. With a proven track record and strategic focus, we are well-positioned to continue delivering value to our customers and shareholders in the years to come.
|
|
|
|
