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BRYN MAWR, Pa. - Essential Utilities Inc. (NYSE:WTRG) reported first quarter earnings that surpassed analyst expectations on Monday.
The company’s shares were up 2.43% in pre-market trading following the result.
The water and natural gas utility company posted earnings per share of $1.03 for Q1 2025, beating the analyst consensus estimate of $0.81 by $0.22. Revenue came in at $783.63 million, topping expectations of $690 million.
Compared to the same quarter last year, earnings per share increased from $0.97 to $1.03, while revenue jumped 28% from $612.1 million.
"We’re off to a great start to the year," said Essential Utilities Chairman and CEO Christopher Franklin. "Our investments in infrastructure have set the stage for achieving our expected growth in 2025 and beyond."
The company reaffirmed its full-year 2025 earnings guidance of $2.07 to $2.11 per share, in line with the analyst consensus of $2.10.
Essential Utilities invested $270.5 million in infrastructure improvements during the first quarter and remains on track to invest between $1.4 billion and $1.5 billion in 2025. The company plans to invest approximately $7.8 billion from 2025 through 2029 to upgrade water, wastewater and natural gas systems.
"The capital investments made to rehabilitate and expand the infrastructure of the communities Essential serves are critical to our mission of safely and reliably delivering Earth’s most essential resources," Franklin added.
The company’s regulated water segment saw revenues increase 7.5% YoY to $300.8 million, while the regulated natural gas segment’s revenues rose 45% to $470.8 million.
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