Essential Utilities (WTRG) FY2024 results: revenue $2.1 billion, up 1.6% on the year
Essential Utilities, Inc. (WTRG) reported revenue of $2.1 billion for fiscal 2024, the year ended 31 December 2024, up 1.6% on the year before. Net income was $1.1 billion, up 11.3%, and diluted earnings per share $5.39. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$2.1 billion
+1.6% on the year
FY2017FY2024
Operating margin
82.4%
73.2% a year earlier
FY2017FY2024
Net income
$1.1 billion
+11.3% on the year
FY2017FY2024
Diluted EPS
$5.39
+10.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,045
1,874
600
+9.1%
Capital expenditure
2,856
2,575
n/a
+10.9%
Free cash flow
-811
-701
n/a
Free cash flow margin
-38.9%
-34.1%
n/a
Cash from investing
-3,379
-2,815
-1,178
Cash from financing
1,110
1,188
579
-6.6%
Depreciation and amortisation
788
704
321
+11.9%
Share-based compensation
9.8
11.3
12.2
-13.6%
Buybacks
4.0
4.0
1.2
+1.7%
Dividends paid
585
532
289
+10.0%
Dividend per share
$0.33
$0.31
$1.11
+6.0%
Diluted shares, weighted
195m
193m
263m
+1.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
10,332
9,797
7,693
+5.5%
Short-term borrowings
879
n/a
n/a
Debt
7,511
6,894
6,799
+9.0%
Operating lease liabilities
76.0
34.4
37.7
+120.8%
Other liabilities
14,032
13,573
1,190
+3.4%
Total liabilities and equity
32,830
30,298
15,719
+8.4%
Fixed assets
13,143
12,097
11,131
+8.7%
Goodwill
1,144
1,143
2,341
+0.1%
Intangible assets
3.3
3.6
4.6
-8.9%
Securities held for sale or to maturity
n/a
n/a
25.0
Cash and equivalents
96.0
4.6
11.4
+1,981.5%
Receivables
416
144
206
+188.3%
Other assets
18,027
16,905
2,000
+6.6%
Total assets
32,830
30,298
15,719
+8.4%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.