Essential Utilities, Inc. PP&E Disclosure
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| December 31, |
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| 2022 |
| 2021 |
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| Approximate Range of Useful Lives |
| Weighted Average Useful Life |
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Regulated Water segment: |
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Utility plant and equipment |
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Mains and accessories | $ | 4,213,197 | $ | 4,014,507 |
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| 26-90 years |
| 72 years |
Services, hydrants, treatment plants and reservoirs |
| 2,910,496 |
| 2,672,186 |
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| 5-89 years |
| 56 years |
Operations structures and water tanks |
| 388,596 |
| 376,880 |
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| 15-80 years |
| 47 years |
Miscellaneous pumping and purification equipment |
| 1,131,975 |
| 1,011,487 |
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| 7-76 years |
| 41 years |
Meters, transportation and other operating equipment |
| 1,045,053 |
| 980,208 |
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| 5-84 years |
| 28 years |
Land and other non-depreciable assets |
| 133,618 |
| 116,888 |
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| - |
| - |
Utility plant and equipment - regulated water segment |
| 9,822,935 |
| 9,172,156 |
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| - |
| - |
Utility construction work in progress |
| 366,777 |
| 304,373 |
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| - |
| - |
Net utility plant acquisition adjustment |
| (6,076) |
| (9,055) |
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| 10-53 years |
| 22 years |
Non-utility plant and equipment |
| 20,561 |
| 21,098 |
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| 17-64 years |
| 58 years |
Property, Plant and Equipment - Regulated Water segment |
| 10,204,197 |
| 9,488,572 |
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Regulated Natural Gas segment: |
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Natural gas transmission |
| 398,658 |
| 365,051 |
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| 24-93 years |
| 68 years |
Natural gas storage |
| 61,639 |
| 60,985 |
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| 5-85 years |
| 45 years |
Natural gas gathering and processing |
| 144,337 |
| 131,237 |
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| 5-77 years |
| 59 years |
Natural gas distribution |
| 2,206,434 |
| 1,874,040 |
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| 25-78 years |
| 63 years |
Meters, transportation and other operating equipment |
| 568,305 |
| 588,716 |
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| 5-65 years |
| 24 years |
Land and other non-depreciable assets |
| 4,187 |
| 3,872 |
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| - |
| - |
Utility plant and equipment - Regulated Natural Gas segment |
| 3,383,560 |
| 3,023,901 |
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Utility construction work-in-progress |
| 149,630 |
| 97,903 |
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| - |
| - |
Property, plant and equipment - Regulated Natural Gas segment |
| 3,533,190 |
| 3,121,804 |
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Total property, plant and equipment | $ | 13,737,387 | $ | 12,610,376 |
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Historical Timeline
| Fiscal Year | Filed | |
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| 2022 | Mar 1, 2023 | Showing above |
| 2021 | Mar 1, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 26, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.