Quarterly ResultMay 7, 2026, 10:56 AM
Essential Utilities Q1 2026 GAAP EPS $0.79, Adjusted EPS $0.83
AI Summary
Essential Utilities, Inc. reported Q1 2026 GAAP earnings of $0.79 per share and adjusted earnings of $0.83 per share, with revenues increasing 10% to $861.8 million. The company affirmed its long-term EPS growth guidance of 5% to 7% and its plan to invest $1.7 billion in infrastructure in 2026. Progress on the merger with American Water continues, with the Kentucky Public Service Commission approving the transaction, and a recent $18 million acquisition of the Greenville Municipal Water Authority was completed.
Key Highlights
- Essential Utilities reported Q1 2026 GAAP earnings of $0.79 per share and adjusted earnings of $0.83 per share.
- Q1 2026 revenues increased 10% to $861.8 million compared to $783.6 million in Q1 2025.
- The company invested $269 million in infrastructure in Q1 2026 and is on track to invest $1.7 billion in 2026.
- Received approval from the Kentucky Public Service Commission for the pending merger with American Water.
- Closed on the $18 million purchase of the Greenville Municipal Water Authority, adding over 2,900 customers.
- Affirmed anticipated long-term earnings per share growth at a compound annual growth rate of 5% to 7% through 2027.
- Issued $500 million of senior notes due March 15, 2036, with an interest rate of 5.125%.
- Declared a quarterly cash dividend of $0.3426 per share, payable June 1, 2026.