NYSE$WTRG
Essential Utilities Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Essential Utilities reported an increase in revenue and net income for Q4 2019.
Essential Utilities reported Q4 2019 revenues of $226.0 million, a 9.9% increase compared to Q4 2018. Net income for Q4 2019 was $64.2 million, or $0.28 per share, compared to a net loss of $3.7 million, or $0.02 per share, for Q4 2018. Excluding the impact of the Peoples transaction, adjusted income for Q4 2019 was $61.4 million, or $0.34 per share, compared to $55.2 million, or $0.31 per share, in 2018.
- Revenues increased to $226.0 million, up 9.9% compared to the same period in 2018.
- Net income was $64.2 million (GAAP) or $0.28 per share (GAAP) compared to a net loss of $3.7 million (GAAP) or $0.02 per share (GAAP) for the fourth quarter of 2018.
- Adjusted income was $61.4 million (non-GAAP) or $0.34 per share (non-GAAP), compared to $55.2 million (non-GAAP) or $0.31 (non-GAAP) in 2018, excluding the impact of the Peoples transaction.
- Essential invested $59.7 million to acquire eight water and wastewater systems in 2019, adding approximately 12,000 new customers.
Headline financials
Revenue & EPS history
Essential Utilities · Revenue · Quarterly
$226M
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 Utilities provided full-year 2020 guidance, including adjusted pro-forma income per diluted common share (non-GAAP) of $1.53 to $1.58.
Tailwinds
- Adjusted pro-forma income per diluted common share (non-GAAP) of $1.53 to $1.58.
- 3-year earnings growth CAGR 5-7% for 2019 through 2022, such that base is 2019 adjusted income per share (non-GAAP)
- Infrastructure investments of approximately $550 million in 2020 for communities served by the water operations
- Infrastructure investments of approximately $400 million in 2020 for communities served by the gas operations
- Rate base compound annual growth rate of 6 to 7 percent through 2022 in water; and 8 to 10 percent in gas through 2022
Headwinds
- Guidance is subject to risks and uncertainties, including those factors outlined in the “Forward-Looking Statements” of this release and the “Risk Factors” section of the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
- It excludes transaction-related expenses for the Company’s pending Peoples acquisition
- It excludes the impact of Peoples transaction-related rate credits of $23 million to be granted to Pennsylvania water and gas customers
- There is need for adjustment to provide full-year run rate of Peoples operating results, including additional net interest expense
- There are income tax implications of non-GAAP adjustments
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 Q4 2019
-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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