NYSE$WTRG
Essential Utilities Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported net income and earnings per share for Q3 2024, with revenues increasing by 6% compared to Q3 2023. The company also reinstated multi-year earnings guidance and reaffirmed its long-term emissions reduction and PFAS commitment.
Essential Utilities reported a net income of $69.4 million, or $0.25 per share, for the third quarter of 2024. Revenues increased by approximately 6% to $435.3 million. The company has reinstated multi-year earnings guidance with a compounded annual EPS growth rate of 5-7% through 2027.
- Net income was $69.4 million, or $0.25 per share, for Q3 2024.
- Revenues for the quarter were $435.3 million, a 6% increase compared to Q3 2023.
- The company has reinstated multi-year earnings guidance with a compounded annual EPS growth rate of 5-7% through 2027.
- Essential invested approximately $932.5 million in the first nine months of the year to improve its regulated water and natural gas infrastructure systems.
Headline financials
Revenue & EPS history
Essential Utilities · Revenue · Quarterly
$435M
Revenue by segment
Essential Utilities · $405M total across 2 segments · Q3 2023
- Regulated Water$311M+3.1%76.6%
- Regulated Natural Gas$94.8M-20.3%23.4%
Forward guidance
Essential has reaffirmed the previously announced 2024 guidance.
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 2024
-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
| Quarter | Report date | Reaction (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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