HighGravityDataEssential Utilities — Nov 4, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001552781-24-000578
Showing in the filing
Net income per diluted common share
“between $2.07 to $2.11”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 18
Infrastructure investment plan
“nearly $8 billion”
Compounded annual EPS growth rate (multi-yea… for the long term
“5-7%”
Quarterly cash dividend
“$0.3255 per share of common stock”
Infrastructure investment plan to improve wa… for FY2025
“approximately $8.0 billion”
PFAS capital projects investment for FY2025
“at least $450.0 million”
Net income per diluted common share for FY2025
“between $2.07 to $2.11”
Regulated infrastructure investments for FY2025
“approximately $1.4 to $1.5 billion”
Regulated infrastructure investments for FY2029
“approximately $7.8 billion”
Regulated water segment rate base compounded… for FY2029
“approximately 6%”
Regulated natural gas segment rate base comp… for FY2029
“approximately 11%”
Combined regulated utility rate base compoun… for FY2029
“over 8%”
Regulated water customer base (or equivalent… for the long term
“between 2 and 3%”
Regulated natural gas customer base for FY2025
“stable”
Equity raised via multi-year ATM program for the long term
“approximately $350 million”
Reduction of Scope 1 and Scope 2 greenhouse … for FY2035
“60%”
Multiyear plan for finished water PFAS compl… for the long term
“does not exceed the federal maximum contaminant level of the six EPA-regulated PFAS chemicals”
Net income per diluted common share (2024) for FY2024
“$1.96 to $2.00”
Regulated infrastructure investments (2024) for FY2024
“approximately $1.3 to $1.4 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
Multi-Year Financial and Growth
Guidance
The company is pleased to re-initiate
long-term earnings guidance. The company’s latest expectations are the following:
· In
2025, net income per diluted common share will be between $2.07 to $2.11.
· The
company plans to grow long-term earnings per share at a compounded annual growth rate
of 5 to 7% for the three-year period through 2027.
· In
2025, regulated infrastructure investments will be approximately $1.4 to $1.5 billion.
· Through
2029, we plan to make regulated infrastructure investments of approximately $7.8 billion.
· Through
2029, the regulated water segment rate base will grow at a compounded annual growth rate
of approximately 6%; this only includes acquisitions scheduled to close in 2025 and excludes
DELCORA.
· Through
2029, the regulated natural gas segment rate base will grow at a compounded annual growth
rate of approximately 11%.
· Through
2029, the combined regulated utility rate base will grow at a compounded annual growth
rate of over 8%.
· The
regulated water customer base (or equivalent dwelling units) of the business will grow
at an average annual growth rate of between 2 and 3% from acquisitions and organic customer
growth over the long term.
· The
regulated natural gas customer base of the business will be stable for 2025.
· Through
2027, the company expects to raise equity via i
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.