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
PFAS capital projects
“at least $450.0 million”
Period
No period stated
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
From 2025 through 2029, the company plans to invest approximately $7.8 billion
to improve water and natural gas systems and better serve customers through improved information technology. Essential’s investments
include addressing PFAS with at least $450.0 million in capital projects, replacing and expanding its water and wastewater utility infrastructure,
and replacing and upgrading its natural gas utility infrastructure, with the latter leading to improved safety and reliability and significant
reductions in methane emissions that occur in aged gas pipes. The company is a leader in remediating PFAS and will comply with the finalized
EPA rule. The capital investments made to rehabilitate and expand the infrastructure of the communities’ Essential serves are critical
to its mission of safely and reliably delivering Earth’s most essential resources.
Water
Utility Growth by Acquisition
Essential’s continued growth via acquisitions
allows the company to provide safe and reliable water and wastewater service to a larger customer base than it could from organic customer
growth alone. Since 2015, Essential collectively has acquired over $518.0 million in rate base and added more than 131,000
new customers or equivalent dwelling units to the company’s footprint.
On January 31, 2025, the company closed
on the acquisition of the Greenville wastewater system for $18 million. This is the first fair market value acquisition completed
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.