Essential Utilities Q3 EPS $0.25 vs $0.30; reinstates 5-7% EPS growth guidance
Essential Utilities reported third-quarter 2024 net income of $69.4 million, or $0.25 per share, down from $0.30 a year earlier, while revenue rose about 6% to $435.3 million. Year-to-date EPS of $1.50 rose about 9% from $1.37, helped by a first-quarter gain on an energy plant sale, and the company reinstated multi-year guidance of 5% to 7% compounded annual EPS growth through 2027, with 2025 EPS guidance of $2.07 to $2.11 that excludes the pending DELCORA acquisition.
Key points
- Q3 2024 net income was $69.4 million, or $0.25 per share, versus $80.1 million, or $0.30, in Q3 2023; revenue rose to $435.3 million from $411.3 million.
- Nine-month net income was $410.6 million, or $1.50 per share, versus $1.37 a year earlier, including a first-quarter gain on the energy plant sale.
- 2025 net income per diluted share guidance is $2.07 to $2.11, with 5% to 7% compounded annual EPS growth through 2027.
- The 2024 EPS guidance of $1.96 to $2.00 was reaffirmed, and $500 million in three-year notes were issued in Q3.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2024.
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