Essential Utilities, Inc.

Listed Company

WTRGCIK 0000078128NYSELarge AcceleratedWater SupplyPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

$2.47B

Net Income

$616.37M

Total Assets

$19.46B

Equity

$6.86B

Shares Out

283.12M

Op. Cash Flow

$1.01B

Business

Essential Utilities, Inc. is a holding company that owns and operates regulated utilities providing water, wastewater, and natural gas services. It offers retail delivery of potable water, wastewater collection and treatment, natural gas distribution, utility service line protection and repair services, and gas marketing and production activities. The company operates through two reportable segments—Regulated Water (aggregating multiple state operating segments) and Regulated Natural Gas—plus non‑regulated market‑based businesses included in Other. Its operations serve residential, commercial, industrial, and municipal customers across multiple U.S. states through retail utility tariffs and contract arrangements.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating revenues	2,475	2,086	2,054	2,288	1,878
Operations and maintenance	640	587	576	614	551
Purchased gas	404	277	352	602	340
Depreciation	403	364	339	316	292
Amortization	14	6	5	5	6
Taxes other than income taxes	93	95	90	90	87
Total operating expenses	1,554	1,328	1,362	1,627	1,275
Operating income	921	758	692	661	603
Interest expense	329	302	283	238	208
Interest income	−2	−3	−3	−4	−2
Allowance for funds used during construction	−26	−21	−17	−24	−21
Gain on sale of other assets	−1	−92	−65,000	−991,000	−976,000
Other	1	−1	−3	494,000	−3
Income before income taxes	620	573	432	451	422
Income tax expense (benefit)	3	−22	−66	−14	−10
Net income	616	595	498	465	432
Comprehensive income	616	595	498	465	432
Basic (per share)	2.2	2.17	1.86	1.77	1.68
Diluted (per share)	2.2	2.17	1.86	1.77	1.67
Basic (shares)	280	274	267	262	257
Diluted (shares)	281	274	268	263	258

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-03-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Property, plant and equipment, at cost	17,691	—	16,275	14,977	13,737
Less: accumulated depreciation	3,427	—	3,132	2,880	2,606
Net property, plant and equipment	14,264	—	13,143	12,097	11,131
Cash and cash equivalents	35	—	9	5	11
Accounts receivable, net	217	—	167	144	206
Unbilled revenues	167	—	142	101	171
Inventory - materials and supplies	52	—	49	47	47
Inventory - gas stored	61	—	45	65	153
Prepayments and other current assets	59	—	41	100	40
Regulatory assets	20	—	33	29	19
Total current assets	610	—	486	492	658
Regulatory assets	2,090	—	1,908	1,767	1,343
Deferred charges and other assets, net	122	—	113	102	167
Funds restricted for construction activity	1	—	1	1	1
Goodwill	2,349	—	2,341	2,341	2,341
Operating lease right-of-use assets	26	—	31	37	42
Intangible assets	3	—	3	4	5
Total assets	19,465	—	18,027	16,841	15,719
Common stock at $0.50 par value, authorized 600,000,000 shares, issued 286,505,895 and 278,209,660 as of December 31, 2025 and December 31, 2024	143	—	139	138	133
Capital in excess of par value	4,525	—	4,200	4,138	3,793
Retained earnings	2,281	—	1,949	1,707	1,534
Treasury stock, at cost, 3,423,086 and 3,386,069 shares as of December 31, 2025 and December 31, 2024	−91	—	−90	−86	−84
Total stockholders' equity	6,857	—	6,199	5,896	5,377
Long-term debt, excluding current portion	8,160	—	7,416	6,871	6,418
Less: debt issuance costs	50	—	48	45	47
Long-term debt, excluding current portion, net of debt issuance costs and unamortized discount on debt	8,110	—	7,368	6,826	6,371
Commitments and contingencies (See Note 10)	—	—	—	—	—
Current portion of long-term debt	22	—	143	67	199
Loans payable	150	—	187	160	229
Accounts payable	276	—	259	221	239
Book overdraft	25	—	48	13	29
Accrued interest	82	—	72	53	47
Accrued taxes	29	—	38	41	34
Regulatory liabilities	11	23	2	31	35
Dividends payable	—	—	89	84	76
Other accrued liabilities	169	—	137	127	131
Total current liabilities	764	—	975	798	1,022
Deferred income taxes and investment tax credits	2,090	—	1,832	1,628	1,346
Customers' advances for construction	115	—	113	129	115
Regulatory liabilities	703	—	765	821	779
Operating lease liabilities	22	—	27	34	38
Pension and other postretirement benefit liabilities	15	—	34	39	31
Other	61	—	25	24	29
Total deferred credits and other liabilities	3,007	—	2,796	2,676	2,339
Contributions in aid of construction	726	—	689	645	610
Total liabilities and equity	19,465	—	18,027	16,841	15,719

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	417	370	344	321	298
Deferred income taxes	−3	−28	−80	−23	−9
Provision for doubtful accounts	22	22	23	28	27
Stock-based compensation	13	10	11	12	10
Gain on sale of utility systems and other assets	−1	−92	−65,000	−991,000	−2
Net change in receivables, deferred purchased gas costs, inventory and prepayments	−85	−103	190	−223	−110
Net change in payables, accrued interest, accrued taxes and other accrued liabilities	14	27	−15	54	5
Pension and other postretirement benefits contributions	−4	−9	−20	−22	−15
Other, net	21	−20	−18	−10	7
Net cash flows from operating activities	1,010	770	934	600	645
Property, plant and equipment additions, including the debt component of allowance for funds used during construction of $7,975, $7,372 and $5,241	−1,430	−1,330	−1,199	−1,063	−1,021
Acquisitions of utility systems, net	−57	−665,000	−45	−117	−36
Proceeds from the sale of utility systems and other assets	2	167	42	1	2
Convertible note investment	−25	—	—	—	—
Other, net	−183,000	−339,000	−19	271,000	−1
Net cash flows used in investing activities	−1,511	−1,163	−1,222	−1,178	−1,056
Customers' advances and contributions in aid of construction	28	20	24	12	15
Repayments of customers' advances	−8	−9	−8	−5	−8
Net proceeds (repayments) of short-term debt	−36	26	−68	164	−13
Net proceeds from commercial paper program	567	—	—	—	—
Proceeds from other long-term debt	1,319	1,650	1,208	—	—
Repayments of other long-term debt	−1,263	−1,027	−876	—	—
Change in cash overdraft position	−22	34	−15	−53	38
Proceeds from issuance of common stock under dividend reinvestment plan	15	15	16	17	17
Proceeds from issuance of common stock from at-the-market sale agreement	300	36	323	63	—
Proceeds from exercised stock options	956,000	2	287,000	2	4
Repurchase of common stock	−2	−4	−4	−1	−3
Dividends paid on common stock	−374	−346	−317	−289	−259
Other, net	566,000	−5,000	−171,000	−230,000	817,000
Net cash flows from financing activities	526	397	281	579	417
Net change in cash and cash equivalents	26	5	−7	831,000	6
Interest, net of amounts capitalized	311	276	273	226	202
Income taxes	9	7	8	11	6
Property, plant and equipment additions purchased at the period end, but not yet paid for	145	135	103	102	96
Non-cash utility property contributions	34	39	56	36	37

Filings

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