| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 861.76 | 10.0% |
| Total Income | 861.76 | 10.0% |
| Expenditure | 551.12 | 23.9% |
| PBT | 230.78 | 12.3% |
| Net Profit | 224.39 | 20.9% |
| OPM | 36.05% | 7.20pp |
| NPM | 26.04% | 10.18pp |
| EPS | 0.79 | 23.3% |
Essential Utilities Reports Q1 2026 Results
07 May 2026 · 7 May, 8:26 pm
Summary
Essential Utilities reported GAAP net income of $224.4 million and earnings per share of $0.79 for the first quarter of 2026. Revenues for the quarter were $861.8 million, a 10% increase compared to the first quarter of 2025. The company invested $269 million in infrastructure during the quarter and is on track to invest $1.7 billion in 2026. Essential Utilities affirms anticipated growth in earnings per share at a compound annual growth rate of 5 to 7%. The company also received its first approval of the merger from the Kentucky Public Service Commission.
Key Highlights
- 1
Essential Utilities reported GAAP earnings of $0.79 per share for Q1 2026.
- 2
Adjusted earnings per share were $0.83 for Q1 2026, excluding $0.04 of transaction costs related to the pending merger with American Water.
- 3
The company affirms anticipated growth in earnings per share at a compound annual growth rate of 5 to 7%.
- 4
Essential Utilities invested $269 million in infrastructure during the first three months of 2026 and is on track to invest $1.7 billion in 2026.
- 5
Revenues for the quarter were $861.8 million, an increase of 10% compared to $783.6 million in the first quarter of 2025.
- 6
The company closed on an $18 million purchase of the Greenville Municipal Water Authority in Mercer County, PA.
- 7
The regulated water segment reported revenues of $323 million, a 7.4% increase compared to $300.8 million in the first quarter of 2025.
Management Comments
Christopher Franklin
“Through continued strong operating performance, a focus on cost control, and making investments designed to improve customer experience, we expect another strong year in 2026. While our team is preparing for our merger with American Water, expected to close in the first quarter of 2027, our primary focus remains on operating the company with excellence." “We are excited by the combination of American and Essential because of the expected benefits for customers and shareholders. Equally as exciting is the commitment, made by both companies, to continued strong robust investment in our infrastructure that makes us among the top performers in safety and reliability in the nation while working to provide affordable service for all customers.” “The regulatory approval processes for our merger with American Water continue to progress. Two weeks ago, we received our first approval of the merger from the Kentucky Public Service Commission. As a reminder, we have filed in all pertinent states. At the special shareholder meeting to approve the merger, approximately 95% of the voted shares were cast in favor of the transaction. This overwhelming mandate supports what we have believed from the start: that this combination creates a premier, multi-state utility with a high growth profile.”
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