NYSE$WTRG

Essential Utilities Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Essential Utilities reported Q3 2021 results with revenue increase and reaffirmed EPS guidance.

Essential Utilities reported a net income of $50.5 million for Q3 2021, with revenues increasing by 3.8% to $361.9 million. The company reaffirmed its 2021 earnings per share guidance of $1.64 to $1.69.

  • Net income was $50.5 million, compared to $55.7 million in the same quarter of 2020.
  • Revenues increased by 3.8% to $361.9 million, driven by rates, surcharges, and customer growth.
  • Operations and maintenance expenses increased to $139.4 million, primarily due to employee-related costs.
  • Reaffirmed 2021 earnings per share guidance of $1.64 to $1.69.

Headline financials

Total Revenue

$362M

Previous: $349M+3.8%
EPS (adj)

$0.19

Previous: $0.23-17.4%
Capital Expenditures

-$712M

Previous: -$4.02B+82.3%
Free Cash Flow

-$662M

Previous: -$3.97B+83.3%
Net Income

$50.5M

Previous: $55.7M-9.4%
Operating Income

$101M

Previous: $105M-3.6%
Gross Profit

$362M

Previous: $349M+3.8%
Cash & Equivalents

$9.74M

Previous: $8.49M+14.6%
Total Assets

$14.2B

Previous: $13.4B+6.2%
Stock-Based Comp

$2.29M

Previous: $2.13M+7.3%

Revenue & EPS history

Essential Utilities · Revenue · Quarterly

$362M

Q3 2021+3.8%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Essential Utilities · $355M total across 2 segments · Q3 2021

  • Regulated Water
    $260M+1.6%
  • Regulated Natural Gas
    $94.8M+6.6%

Forward guidance

Essential Utilities reaffirmed its 2021 full-year earnings per share guidance of $1.64 to $1.69.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-0.8%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.0%

Avg return

30 days after

43%

30 / 69 earnings

Positive

+4.9%

Q3 2024

Best reaction

-9.5%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%+1.2%-0.5%
Q4 2025-0.2%+0.5%+1.1%
Q3 2025+3.3%+2.2%-1.0%
Q1 2025-4.1%-4.7%-6.5%
Q4 2024+0.2%+3.3%+4.7%
Q3 2024+4.9%+3.7%+2.4%
Q2 2024-4.9%-4.8%-5.2%
Q1 2024+1.5%+3.9%+1.4%
Q4 2023-3.4%-4.3%+0.7%
Q3 2023-2.2%-6.0%+1.5%
Q2 2023-0.4%-3.0%-12.6%
Q1 2023-1.5%-1.3%-3.2%
Q4 2022-3.6%-5.4%-4.2%
Q3 2022+1.1%+5.3%+8.8%
Q2 2022-0.1%-1.7%-4.7%
Q1 2022-5.3%+1.7%+4.8%
Q4 2021+2.8%+3.8%+10.0%
Q3 2021+0.4%+1.2%+0.3%
Q2 2021+1.4%-0.3%-0.8%
Q1 2021-1.4%-0.4%+0.9%
Q4 2020-3.4%-3.9%-1.3%
Q3 2020-1.5%+2.9%+14.8%
Q2 2020+1.0%+6.0%-7.8%
Q1 2020-3.4%-4.3%+8.8%
Q4 2019-8.1%-9.9%-19.8%
Q3 2019-0.9%-2.5%+0.4%
Q2 2019+2.8%+5.2%+9.6%
Q1 2019-1.3%-1.9%+2.4%
Q4 2018-0.3%+2.0%+1.7%
Q3 2018-1.0%+0.6%+4.0%
Q2 2018-0.6%+1.2%+0.6%
Q1 2018-3.3%-1.8%-4.6%
Q4 2017-2.3%-7.1%-2.7%
Q3 2017+0.0%+1.7%+7.3%
Q2 2017-0.2%+0.9%-0.4%
Q1 2017-3.9%-3.1%+0.6%
Q4 2016+1.2%+3.3%+4.8%
Q3 2016-3.0%-5.5%-3.5%
Q2 2016-2.8%-4.8%-12.7%
Q1 2016+0.9%
Q4 2015-0.4%
Q3 2015+2.2%
Q2 2015+1.5%
Q1 2015-2.2%
Q4 2014-0.0%
Q3 2014+0.9%
Q2 2014+1.8%
Q1 2014+0.1%
Q4 2013-0.3%
Q3 2013-0.1%
Q2 2013-5.1%
Q1 2013+0.5%
Q4 2012+0.3%
Q3 2012-0.4%
Q2 2012+0.4%
Q1 2012+0.3%
Q4 2008-2.4%
Q4 2011-2.4%
Q4 2007-2.4%
Q4 2009-2.4%
Q4 2010-2.4%
Q3 2011+0.3%
Q2 2011-9.5%
Q1 2010+2.5%
Q1 2011+1.5%
Q3 2010+1.3%
Q3 2009+1.3%
Q2 2009+0.9%
Q2 2010+0.9%

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