HighGravityDataEssential Utilities — Feb 26, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001552781-25-000041
Showing in the filing
EPS
“$2.07 - $2.11”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 22
EPS for FY2025
“$2.07 - $2.11”
Multi-year earnings (compounded annual growt… for the long term
“5-7% from $1.97 (Non-GAAP)”
Quarterly cash dividend declared for FY2025
“$0.3255 per share”
Quarterly cash dividend
“$0.3255 per share of common stock”
PFAS capital projects investment for FY2025
“at least $450.0 million”
PFAS capital projects
“at least $450.0 million”
Diluted earnings per share for FY2025
“$2.07 to $2.11”
Long-term earnings per share compounded annu… for the long term
“5 to 7% from the adjusted 2024 earnings per share of $1.97 (Non-GAAP)”
Long-term earnings per share compounded annu… for the long term
“5 to 7%”
Infrastructure investment expectation for FY2025
“$1.4 to $1.5 billion”
Regulated infrastructure investments for FY2025
“$1.4 to $1.5 billion”
Regulated infrastructure investments for FY2029
“approximately $7.8 billion”
Infrastructure investment plan for FY2025
“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 (equivalent dw… for the long term
“between 2 and 3%”
Regulated natural gas customer base for FY2025
“stable”
Equity raise via ATM program for FY2027
“expects to raise equity via its ATM program”
Equity raised via ATM program for FY2025
“approximately $315 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”
Exhibit 99.1 · the passage around this item
… earlier in the release
gs
per share increases 17% to $2.17 for Full Year 2024 (GAAP)
· Excluding
one-time items and weather-related items, adjusted earnings per share of $1.97 (Non-GAAP)
Company
affirms 2025 EPS guidance of $2.07 - $2.11 and multi-year earnings guidance of 5-7% from $1.97 (Non-GAAP)
PA
PUC Approved Settlement for Aqua Pennsylvania rate case
Recently
closed Greenville Wastewater Acquisition in Pennsylvania
BRYN
MAWR, PA (February 26, 2025) – Essential Utilities Inc. (NYSE: WTRG) today reported results
for the fourth quarter and full year ended December 31, 2024. Essential’s net income was $184.8 million or $0.67 per share
for the fourth quarter of 2024, compared to $0.50 per share for the same period in 2023, an increase of 34%. Essential’s net income
was $595.3 million or $2.17 per share for the full year of 2024, compared to $1.86 for the prior year, an increase of 17%. The full year
net income and earnings per share include the benefit of a gain on sale related to the previously announced and closed sale of the Pittsburgh
area energy projects.
“2024
was a very productive and successful year for the company ,” said Essential Utilities Chairman
and Chief Executive Officer Chris Franklin .
“ I am incredibly proud of the team. This
was a year of near-perfect execution. We filed at the
Pennsylvania Public Utility Commission (PUC) to recover approximately $ 3 billion in
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.