05:29 PM EDT, 05/02/2024 (MT Newswires) -- Essential Utilities ( WTRG ) reported Q1 net income Thursday of $0.97 per diluted share, up from $0.72 a year earlier.

Analysts polled by Capital IQ expected $0.78.

Operating revenue for the quarter ended March 31 was $612.1 million, down from $726.5 million a year earlier.

Analysts polled by Capital IQ expected $750.1 million.

The company said it expects 2024 EPS to exceed its previous projections of $1.96 to $2.00.

Analysts polled by Capital IQ expected $1.99.

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