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Stock research / United States / WTRG · Water Supply · NYSE

Essential Utilities, Inc. (WTRG)

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Essential Utilities, Inc. (WTRG) reported revenue of $531 million for Q2 FY2026, the quarter ended 30 June 2026, up 3.1% on the same quarter a year earlier. Net income was $106 million, down 1.9% on the year, and diluted earnings per share $0.37. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$531 millionup 3.1%
Net income$106 milliondown 1.9%
Diluted EPS$0.37
QuarterQ2 FY2026ended 30 June 2026

Essential Utilities (WTRG) in brief

Essential Utilities (WTRG) reported revenue of $2.5 billion for fiscal 2025, the year ended 31 December 2025, up 18.6% on the year before.
Read moreNet income was $1.1 billion and diluted earnings per share $5.69. Revenue was $2.1 billion in fiscal 2024, $2.1 billion in fiscal 2023, $2.3 billion in fiscal 2022 and $1.9 billion in fiscal 2021. Net income in the same years was $1.1 billion, $944 million, $465 million and $432 million. Over the twelve months to 30 June 2026, Essential Utilities reported revenue of $2.6 billion and net income of $555 million. Revenue grew 11.1% a year, compounded, over the five years to fiscal 2025. Essential Utilities declared $1.86 a share in dividends over the last four quarters and had 284 million shares outstanding at the latest filed count. At the close of 8 October 2026 the market cap of Essential Utilities was $11.0 billion, 19.8 times its earnings over the last twelve months.

Ratios

From the filings

ROE7.9%
ROCE5.8%
Operating margin35.1%
Net margin21.6%
FCF marginn/a
Interest cover2.62
Debt to equity1.20
Cash conversion1.85
Share count, 1 year1.2%
Sales CAGR, 3 years2.6%
Profit CAGR, 3 years33.7%
EPS, TTM$1.96

At the close of 8 October 2026

Price$38.72
Market cap$11.0 billion
Stock P/E19.76
Price to book1.57
EV / EBITDA14.49
Dividend yield4.8%
Market cap / sales4.28
52-week high$42.00
52-week low$36.25
Price, 1 year-5.7%
Price CAGR, 3 years4.8%
Price CAGR, 5 years-3.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Essential Utilities, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
WTRGgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on WTRG

Filings25 in twelve months: 16 current reports (8-K), about 9 regulation fd disclosure; 4 results of operations; 2 other events; 2 shareholder vote; 2 material agreement
Planned insider sales1 Form 144 notice in twelve months, $118,285; latest 7 August 2026
Options tapeput/call 0.15 by open interest at the 8 October 2026 close; the straddle prices a 4.5% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Norges Bank; 5 Schedule 13D or 13G filings in twelve months
Insider trading1 sale and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest7.5 million shares short, 2.84 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue411479612434435604784515477699862531
Operating income137174231145155227339185170227311193
Operating margin33%36%38%33%36%37%43%36%36%32%36%36%
Interest expense68.672.973.373.076.879.382.179.882.384.987.389.1
Pre-tax income76.410525577.285.215626311296.4148231109
Tax rate-5%-29%-4%2%19%-19%-8%4%4%10%3%3%
Net income80.113526675.469.418528410892.1133224106
Net margin19%28%43%17%16%31%36%21%19%19%26%20%
Diluted EPS$0.30$0.50$0.97$0.28$0.25$0.67$1.03$0.38$0.33$0.47$0.79$0.37
Operating cash flow183129241186196148300272233206265324
Buybacks0.00.02.20.00.01.82.20.00.00.02.90.0
Dividends paid81.283.983.984.089.189.489.591.296.296.997.097.2
Shares outstanding273m273m274m274m275m275m280m280m283m283m284m284m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025 †TTM
Revenue7808148208108388901,4631,8782,2882,0542,0862,4752,569
Operating income3143213333343233404356036611,5041,7181,879901
Operating margin40.3%39.4%40.7%41.2%38.6%38.2%29.7%32.1%28.9%73.2%82.4%75.9%35.1%
Interest expense76.476.580.688.598.9125188208238283302329344
Pre-tax income2392172552571782122654224511,1961,3591,422584
Income tax25.215.021.016.9-13.7-13.0-19.9-9.6-14.325230831129.2
Effective tax rate10.5%6.9%8.2%6.6%-7.7%-6.2%-7.5%-2.3%-3.2%21.1%22.7%21.9%5.0%
Net income2332022342401922252854324659441,0511,111555
Net margin29.9%24.8%28.6%29.6%22.9%25.2%19.5%23.0%20.3%46.0%50.4%44.9%21.6%
Diluted EPS$1.31$1.14$1.32$1.35$1.08$1.04$1.12$1.67$1.77$4.90$5.39$5.69$1.96
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Regulated Water1,1531,2221,32753.6%
Regulated Natural Gas8648431,11845.2%
Other And Eliminations36.721.230.11.2%
Regulated WaterRegulated Natural GasOther And Eliminations
2,054FY20232,086FY20242,475FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Regulated Natural Gas8648431,11845.2%
Regulated Water9511,0111,09344.2%
Wastewater1871992239.0%
Other51.632.541.01.7%
Regulated Natural GasRegulated WaterWastewaterOther
2,054FY20232,086FY20242,475FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025 †TTM
Operating cash flow3643713963813693395086456001,8742,0452,0591,028
Capital expenditure329365383478496n/an/an/an/a2,5752,8563,126n/a
Free cash flow35.26.112.8-96.8-127n/an/an/an/a-701-811-1,067n/a
Free cash flow margin4.5%0.7%1.6%-12.0%-15.2%n/an/an/an/a-34.1%-38.9%-43.1%n/a
Cash from investing-293-394-383-480-640-605-4,334-1,056-1,178-2,815-3,379-3,309-1,544
Cash from financing-72.222.4-12.499.52712,1311,9624175791,1881,1101,249500
Depreciation and amortisation127129133137147156257298321704788894439
Share-based compensation6.85.95.46.37.67.48.210.112.211.39.812.913.2
Buybacks15.825.23.02.22.61.94.43.31.24.04.02.33.0
Dividends paid112121131141151189233259289532585633387
Dividend per share$0.63$0.69$0.74$0.79$0.85$0.91$0.97$1.04$1.11$0.31$0.33$3.31$1.86
Diluted shares, weighted178m178m178m178m178m216m255m258m263m193m195m195m284m
Shares outstanding at period end177m177m177m178mn/an/an/an/an/an/an/an/a284m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025 †TTM
Funded by
Shareholders' equity1,6551,7261,8501,9582,0093,8814,6845,1847,6939,79710,33210,8377,018
Non-controlling interest0.0n/an/an/an/an/an/an/an/an/an/an/an/a
Short-term borrowingsn/an/an/an/an/an/an/an/an/an/a8791,588n/a
Debt1,1151,1851,2471,4631,6041,8873,0143,0626,3716,8267,3688,1108,421
Operating lease liabilitiesn/an/an/an/an/a11.655.648.237.734.476.074.018.7
Other liabilities2,6132,8073,0622,9123,3513,5825,9516,3641,61713,64014,17514,8334,484
Total liabilities and equity5,3835,7186,1596,3326,9649,36213,70514,65815,71930,29832,83035,44219,942
Owned
Fixed assets4,4024,6895,0025,4005,9306,3469,51310,25211,13112,09713,14314,26414,746
Goodwill31.233.942.242.252.763.82,3252,3412,3411,1431,1441,1562,349
Intangible assetsn/an/an/an/an/an/a7.25.84.63.63.33.02.8
Securities held for sale or to maturityn/an/an/an/an/an/a25.828.625.0n/an/a20.0n/a
Cash and equivalents4.13.23.84.23.61,8694.810.611.44.696.098.08.6
Receivables97.099.197.498.665.867.1155141206144416395208
Inventory12.812.413.014.415.818.4n/an/an/an/an/an/an/a
Other assets8368801,0017738969981,6751,8802,00016,90518,02719,5062,627
Total assets5,3835,7186,1596,3326,9649,36213,70514,65815,71930,29832,83035,44219,942
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded11.8%11.1%2.6%9.9%
Profit growth, compounded18.6%31.3%33.7%-14.1%
Return on equity, average9.1%8.9%10.0%10.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Utilities

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
American Water Works Company, Inc. AWK$25.5 billion22.219.7%36.9%6.9%1.202.6%
Evergy, Inc. EVRG$18.6 billion20.499.1%26.2%3.6%1.203.4%
Talen Energy Corp. TLN$18.1 billionn/a-11.4%2.6%60.8%5.92n/a
Alliant Energy Corp. LNT$17.0 billion20.7310.9%22.1%6.8%1.413.1%
DT Midstream, Inc. DTM$12.6 billion27.149.8%49.6%18.1%0.702.7%
Pinnacle West Capital Corp. PNW$11.9 billion18.779.1%20.5%5.7%1.393.7%
Essential Utilities, Inc. WTRG$11.0 billion19.767.9%35.1%9.9%1.204.8%
Antero Midstream Corp. AM$9.9 billion24.8220.5%52.8%6.9%1.83n/a
OGE Energy Corp. OGE$9.5 billion20.229.4%24.2%0.6%1.123.7%
UGI Corp. UGI$7.9 billion12.3512.9%16.2%-0.5%1.284.1%
National Fuel GAS Co. NFG$7.4 billion10.8617.2%40.3%15.1%0.912.7%
Idacorp Inc. IDA$7.4 billion22.209.0%22.8%-0.4%0.972.6%
All 53 in Utilities
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NextEra Energy Inc. NEE$161.4 billion17.3916.3%29.8%10.8%1.732.9%
Constellation Energy Corp. CEG$101.2 billion27.7810.8%14.7%26.0%0.600.1%
Southern Co. SO$97.1 billion20.7611.0%24.2%6.4%1.623.4%
Duke Energy Corp. DUK$91.1 billion17.579.6%27.8%6.3%1.503.6%
Williams Companies, Inc. WMB$88.5 billion28.8223.3%38.2%8.7%2.132.8%
National Grid plc NGG *$80.2 billion17.878.2%30.7%-3.8%1.192.7%
Kinder Morgan, Inc. KMI$71.8 billion20.6711.0%29.0%12.5%0.943.6%
American Electric Power Co. Inc. AEP$66.6 billion21.209.8%23.0%10.3%1.583.1%
TC Energy Corporation TRP *$62.4 billion26.1412.9%52.7%10.7%2.204.0%
Targa Resources Corp. TRGP$61.9 billion27.5862.0%22.9%-2.0%5.351.3%
ONEOK Inc. OKE$56.9 billion15.5715.9%15.5%40.8%1.374.7%
Dominion Energy, Inc. D$54.3 billion21.528.8%21.1%19.0%1.624.3%
Vistra Corp. VST$52.5 billion26.3340.5%18.5%3.8%3.570.6%
Sempra SRE$52.4 billion23.217.0%n/a1.6%0.953.2%
Entergy Corp. ETR$46.9 billion26.289.9%22.9%9.5%1.812.4%
Xcel Energy Inc. XEL$45.8 billion20.109.3%19.1%4.7%1.543.1%
Exelon Corp. EXC$43.1 billion15.259.4%20.8%6.6%1.693.8%
Consolidated Edison Inc. ED$39.1 billion17.438.6%18.0%9.5%1.083.1%
Public Service Enterprise Group Inc. PEG$35.8 billion17.8711.6%23.1%12.7%1.363.5%
WEC Energy Group, Inc. WEC$33.8 billion20.0811.6%22.8%8.9%1.323.4%
Ameren Corp. AEE$28.2 billion17.9311.4%24.9%3.8%1.392.8%
Pg&E Corp. PCG$27.9 billion9.189.0%20.0%5.7%1.82n/a
Atmos Energy Corp. ATO$27.1 billion19.179.2%37.0%6.5%0.642.2%
DTE Energy Co. DTE$26.4 billion20.0810.8%13.3%15.9%2.133.5%
Firstenergy Corp. FE$26.0 billion23.868.4%14.6%12.6%2.104.0%
PPL Corp. PPL$25.7 billion20.188.4%24.1%6.7%1.323.2%
American Water Works Company, Inc. AWK$25.5 billion22.219.7%36.9%6.9%1.202.6%
Centerpoint Energy Inc. CNP$25.3 billion22.609.5%23.2%7.1%1.952.3%
Eversource Energy ES$24.7 billion17.028.9%21.5%7.8%1.634.6%
NRG Energy, Inc. NRG$22.4 billion27.6217.5%6.1%12.8%4.821.7%
Edison International EIX$20.9 billion5.6021.4%32.7%10.7%2.336.2%
CMS Energy Corp. CMS$20.5 billion19.6210.5%18.9%9.9%1.863.3%
Nisource Inc. NI$19.4 billion21.569.5%27.0%12.3%1.632.8%
Evergy, Inc. EVRG$18.6 billion20.499.1%26.2%3.6%1.203.4%
Talen Energy Corp. TLN$18.1 billionn/a-11.4%2.6%60.8%5.92n/a
Alliant Energy Corp. LNT$17.0 billion20.7310.9%22.1%6.8%1.413.1%
DT Midstream, Inc. DTM$12.6 billion27.149.8%49.6%18.1%0.702.7%
Pinnacle West Capital Corp. PNW$11.9 billion18.779.1%20.5%5.7%1.393.7%
Essential Utilities, Inc. WTRG$11.0 billion19.767.9%35.1%9.9%1.204.8%
Antero Midstream Corp. AM$9.9 billion24.8220.5%52.8%6.9%1.83n/a
OGE Energy Corp. OGE$9.5 billion20.229.4%24.2%0.6%1.123.7%
UGI Corp. UGI$7.9 billion12.3512.9%16.2%-0.5%1.284.1%
National Fuel GAS Co. NFG$7.4 billion10.8617.2%40.3%15.1%0.912.7%
Idacorp Inc. IDA$7.4 billion22.209.0%22.8%-0.4%0.972.6%
Txnm Energy Inc. TXNM$6.5 billion31.975.5%22.2%10.0%1.462.8%
Southwest Gas Holdings, Inc. SWX$6.0 billionn/an/an/an/a0.833.0%
Black Hills Corp. BKH$5.8 billion19.327.6%23.9%2.5%1.013.5%
Ormat Technologies, Inc. ORA$5.5 billion43.664.9%16.6%31.1%0.600.5%
Portland General Electric Co. POR$5.3 billion19.986.2%14.1%1.3%1.204.6%
NEW Jersey Resources Corp. NJR$5.2 billion14.0913.9%24.8%6.4%1.213.6%
Spire Inc. SR$4.6 billion8.6915.3%19.7%4.1%1.614.0%
NorthWestern Energy Group, Inc. NWE$4.6 billion26.945.9%18.8%10.7%1.193.5%
One Gas, Inc. OGS$4.5 billion15.598.1%20.6%-0.8%0.743.7%
1 company shares its SEC industry code (Water Supply); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20254 August 2025EDGAR
10-Q31 March 202512 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 20246 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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