- Essential Utilities Inc. reports strong Q1 2025 earnings with a 6% increase in earnings per share compared to Q1 2024.
- The company reaffirms its 2025 earnings guidance of $2.07 to $2.11 and plans to invest up to $1.5 billion in infrastructure.
- Key acquisitions and infrastructure investments continue to drive growth and enhance service capabilities.
Essential Utilities Inc. (WTRG, Financial) has announced impressive results for the first quarter of 2025, reporting a net income of $283.8 million or $1.03 per share. This represents a 6% increase from the $265.8 million or $0.97 per share reported for the same period in 2024.
The company's revenues for Q1 2025 reached $783.6 million, marking a significant 28% increase from $612.1 million in Q1 2024. This growth was primarily driven by regulatory recoveries, increased volumes in the regulated natural gas segment due to colder weather, and decreased expenses.
Essential Utilities has affirmed its 2025 earnings per share guidance range of $2.07 to $2.11 and reiterated its long-term targets. The company remains on track to invest between $1.4 billion and $1.5 billion in infrastructure improvements throughout 2025.
In terms of acquisitions, Essential Utilities completed the acquisition of utility assets from the Village of Midvale, Ohio, and the Greenville Sanitary Authority in Pennsylvania, adding approximately 3,300 new customers. The company has additional purchase agreements in place expected to serve over 210,000 customers.
The company continues to emphasize sustainability, being named to USA Today's annual list of Climate Leaders for the third consecutive year. Essential Utilities is committed to reducing Scope 1 and 2 greenhouse gas emissions by 60% by 2035 and ensuring water quality across all served states.
On the financial front, Essential Utilities declared a quarterly cash dividend of $0.3255 per share, payable on June 2, 2025, and outlined plans to raise approximately $315 million in equity during 2025, with $210 million already issued.
