Essential Utilities Q1 revenue rises 10%,

Essential Utilities

06/05/2026 22:30

Overview

U.S. water and gas utility's Q1 revenue rose 10% yr/yr, driven by regulatory recoveries

GAAP EPS fell to $0.79 from $1.03

Adjusted EPS for Q1 was $0.83, excluding merger-related costs

Outlook

Essential Utilities anticipates EPS growth at a compound annual rate of 5-7%

Company expects regulated infrastructure investments of $1.7 bln in 2026

Essential Utilities has a multiyear plan to comply with EPA PFAS regulations

Result Drivers

REGULATORY RECOVERIES - Co said additional revenues from regulatory recoveries and purchased gas costs were main revenue drivers

HIGHER OPERATING COSTS - Operations and maintenance expenses rose due to increased employee-related costs, overtime, outside services from cold weather, and merger-related expenses

INFRASTRUCTURE INVESTMENT - Co invested $269 mln in infrastructure in Q1 as part of ongoing capital improvement plans

Company press release: ID:nBwbHmLtKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$861.76 mln
$782.90 mln (1 Analyst)
Q1 EPS
$0.79
Q1 Net Income
$224.39 mln
Q1 Operating income
$310.64 mln
Q1 Pretax Profit
$230.78 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

Wall Street's median 12-month price target for Essential Utilities Inc is $42.50, about 13.2% above its May 6 closing price of $37.54

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)