Overview

* Essential Utilities ( WTRG ) Q3 revenue grows 9.6% yr/yr, beating analyst expectations

* Net income for Q3 rises to $92.1 mln, reflecting strong operational performance

* Company announces merger with American Water Works to create leading U.S. utility

Outlook

* Essential expects 2025 GAAP EPS to exceed prior guidance of $2.07-$2.11

* Company plans $1.4-$1.5 bln in infrastructure investments in 2025

* Through 2029, regulated water segment rate base to grow at ~6% CAGR

Result Drivers

* RATE INCREASES - Revenue growth driven by increased rates in both water and gas segments

* BAD DEBT CREDIT - Prior year credit to bad debt expense boosted net income

* HIGHER EXPENSES - Gains offset by increased depreciation, interest, and operations expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $476.97 $472.40

Revenue mln mln (2

Analysts

)

Q3 EPS $0.33

Q3 Net $92.07

Income mln

Q3 $169.77

Operatin mln

g income

Q3 $96.37

Pretax mln

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)