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Essential Utilities — Nov 4, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001552781-24-000578
Open on SEC.gov ↗
Showing in the filing
Regulated infrastructure investments
“approximately $1.4 to $1.5 billion”
Period
FY2025
Measure
Company-defined measure
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
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 its multi-year ATM program. Between 2024 and 2025, the company will raise a total of approximately $350 million in equity. · Reduction of Scope 1 and Scope 2 greenhouse gas emissions by 60% by 2035 from the company’s 2019 baseline.  · M
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.