Essential Utilities — May 12, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001552781-25-000176
Showing in the filing
Long-term earnings per share compounded annual growth rate (from adjusted 2024 EPS of $1.97 Non-GAAP)
“5 to 7%”
Period
The long term
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 16
Diluted earnings per share for FY2025
“$2.07 to $2.11”
Quarterly cash dividend for FY2025
“$0.3255 per share”
Quarterly cash dividend
“$0.3255 per share of common stock”
Long-term earnings per share growth rate for the long term
“compounded annual growth rate of 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%”
Regulated infrastructure investments for FY2025
“$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 (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
Multi-Year Financial and Growth
Guidance
The company reaffirms its previously
initiated long-term earnings guidance. The company’s latest expectations are the following:
· 2025
diluted earnings per share guidance range of $2.07 to $2.11.
· 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 appr
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.