Quarterly ResultMay 7, 2026, 03:48 PM
Essential Utilities Q1 Net Income $224.4M, EPS $0.79; Revenue $861.8M
AI Summary
Essential Utilities reported first-quarter 2026 net income of $224.4 million, a decrease from $283.8 million in the prior year, with diluted earnings per share falling to $0.79 from $1.03. Operating revenues increased by 9.97% to $861.8 million. The company continues to progress on its pending merger with American Water, which received shareholder approval, and completed several utility system acquisitions while also issuing $500 million in senior notes.
Key Highlights
- Net income for Q1 2026 decreased 20.93% to $224.4 million from $283.8 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.79, down from $1.03 in Q1 2025.
- Operating revenues increased 9.97% to $861.8 million in Q1 2026 from $783.6 million in Q1 2025.
- Shareholders approved the merger with American Water on February 10, 2026, with an exchange ratio of 0.305 shares.
- Acquired Greenville Municipal Water Authority's system for $18.0 million in March 2026, serving 3,000 customers.
- Issued $500.0 million of 5.125% senior notes due March 15, 2036, on March 9, 2026.
- Total assets stood at $19.78 billion as of March 31, 2026, up from $19.46 billion at year-end 2025.
- Cash and cash equivalents increased to $75.9 million at March 31, 2026, from $34.8 million at year-end 2025.
Price Impact
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