Essential Utilities Q1 net income falls to $224.4 million; revenue rises 10%
Essential Utilities reported first-quarter 2026 revenue of $861.8 million, up 10% from a year earlier, but GAAP net income fell to $224.4 million, or $0.79 per share, from $283.8 million, or $1.03 per share, in the first quarter of 2025. The prior-year quarter included non-recurring benefits, and the 2026 quarter included $16.3 million of merger-related expenses tied to the pending merger with American Water. The company affirmed its earnings growth guidance and its $1.7 billion 2026 infrastructure investment plan.
Key points
- Revenue of $861.8 million, up from $783.6 million, driven mainly by regulatory recoveries and purchased gas costs
- GAAP EPS of $0.79 versus $1.03; non-GAAP adjusted EPS of $0.83 excludes $0.04 of merger-related transaction costs
- Guidance affirmed: 5% to 7% long-term EPS compound annual growth through 2027 from adjusted 2024 EPS of $1.97, and $1.7 billion in 2026 infrastructure investment
- Quarterly dividend of $0.3426 per share, payable June 1, 2026, to shareholders of record on May 12, 2026
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 May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.