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Essential Utilities Q3 Earnings Fall, Revenue Rises; 2024 Outlook Maintained -- Shares Drop After Hours
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Essential Utilities Q3 Earnings Fall, Revenue Rises; 2024 Outlook Maintained -- Shares Drop After Hours
Nov 4, 2024 2:31 PM

04:59 PM EST, 11/04/2024 (MT Newswires) -- Essential Utilities ( WTRG ) reported Q3 net income late Monday of $0.25 per diluted share, down from $0.30 a year earlier.

Analysts polled by Capital IQ expected $0.25.

Revenue for the quarter ended Sept. 30 rose to $435.3 million from $411.3 million a year earlier. Three analysts surveyed by Capital IQ expected $424.4 million.

For 2024, the company continues to expect EPS of $1.96 to $2. However, the company expects to exceed that range on a GAAP basis. The consensus is for $2.01.

For 2025, Essential Utilities ( WTRG ) projects EPS at $2.07 to $2.11. Analysts are looking for $2.13.

Essential Utilities ( WTRG ) shares were down nearly 3% in after-hours activity.

Price: 38.69, Change: +0.06, Percent Change: +0.16

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