Essential Utilities, Inc. Revenue Disclosure
Generally, payment is due within 30 days once a bill is issued to a customer. Sales tax and other taxes we collect on behalf of government authorities, concurrent with our revenue-producing activities, are primarily excluded from revenue. The following table presents our revenues disaggregated by major source and customer class for the years ended December 31:
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2025 | Water Revenues | Wastewater Revenues | Natural Gas Revenues | Other Revenues | ||||
Revenues from contracts with customers: |
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Residential | $ | 731,818 | $ | 165,257 | $ | 708,049 | $ | - |
Commercial |
| 208,617 |
| 41,738 |
| 141,275 |
| - |
Fire protection |
| 46,998 |
| - |
| - |
| - |
Industrial |
| 41,619 |
| 2,477 |
| 3,150 |
| - |
Gas transportation & storage |
| - |
| - |
| 242,186 |
| - |
Other water |
| 62,870 |
| - |
| - |
| - |
Other wastewater |
| - |
| 13,294 |
| - |
| - |
Other utility |
| - |
| - |
| 29,541 |
| 10,937 |
Revenues from contracts with customers |
| 1,091,922 |
| 222,766 |
| 1,124,201 |
| 10,937 |
Alternative revenue program |
| 667 |
| 337 |
| (6,326) |
| - |
Other and eliminations |
| - |
| - |
| - |
| 30,111 |
Consolidated | $ | 1,092,589 | $ | 223,103 | $ | 1,117,875 | $ | 41,048 |
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2024 | Water Revenues | Wastewater Revenues | Natural Gas Revenues | Other Revenues | ||||
Revenues from contracts with customers: |
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Residential | $ | 662,909 | $ | 146,849 | $ | 504,426 | $ | - |
Commercial |
| 186,534 |
| 36,951 |
| 100,662 |
| - |
Fire protection |
| 42,409 |
| - |
| - |
| - |
Industrial |
| 34,831 |
| 2,724 |
| 2,279 |
| - |
Gas transportation & storage |
| - |
| - |
| 194,413 |
| - |
Other water |
| 80,964 |
| - |
| - |
| - |
Other wastewater |
| - |
| 12,898 |
| - |
| - |
Other utility |
| - |
| - |
| 30,436 |
| 11,226 |
Revenues from contracts with customers |
| 1,007,647 |
| 199,422 |
| 832,216 |
| 11,226 |
Alternative revenue program |
| 3,850 |
| (265) |
| 10,775 |
| - |
Other and eliminations |
| - |
| - |
| - |
| 21,242 |
Consolidated | $ | 1,011,497 | $ | 199,157 | $ | 842,991 | $ | 32,468 |
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2023 | Water Revenues | Wastewater Revenues | Natural Gas Revenues | Other Revenues | ||||
Revenues from contracts with customers: |
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Residential | $ | 641,351 | $ | 139,188 | $ | 519,406 | $ | - |
Commercial |
| 180,731 |
| 35,530 |
| 111,272 |
| - |
Fire protection |
| 41,257 |
| - |
| - |
| - |
Industrial |
| 33,949 |
| 2,087 |
| 3,232 |
| - |
Gas transportation & storage |
| - |
| - |
| 184,598 |
| - |
Other water |
| 51,527 |
| - |
| - |
| - |
Other wastewater |
| - |
| 10,589 |
| - |
| - |
Other utility |
| - |
| - |
| 43,163 |
| 14,863 |
Revenues from contracts with customers |
| 948,815 |
| 187,394 |
| 861,671 |
| 14,863 |
Alternative revenue program |
| 2,236 |
| 68 |
| 2,088 |
| - |
Other and eliminations |
| - |
| - |
| - |
| 36,689 |
Consolidated | $ | 951,051 | $ | 187,462 | $ | 863,759 | $ | 51,552 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 29, 2024 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.