Essential 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
Infrastructure investment plan
“approximately $7.8 billion”
Period
FY2025
Measure
Company-defined measure
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
· Grow
long-term earnings per share at a compounded annual growth rate of 5 to 7% from the adjusted
2024 earnings per share of $1.97 (Non-GAAP) for the three-year period through 2027.
· In
2025, regulated infrastructure investments will be $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 ATM program. In 2025, the company expects
to raise a total of approximately $315 million in equity.
· Reduction
of Scope 1 and Scope 2 greenhouse gas emissions by 60% by 2035 from the company’s 2019
baseline.
· Multiyear
plan to ensure that finished water does not exceed the federal maximum contaminant level
of the six EPA-regulated PFAS c
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.