Essential Utilities — Jul 31, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001552781-25-000235
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 · 14
GAAP earnings per share vs. prior for FY2025
“above guidance range of $2.07-$2.11 due to non-recurring benefits”
Quarterly cash dividend
“$0.3426 per share of common stock, reflecting an increase of 5.25%”
Long-term earnings per share compounded annu… for the long term
“5 to 7%”
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%”
Equity raised via ATM program for FY2027
“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”
Regulated infrastructure investments for FY2025
“$1.4 to $1.5 billion”
Regulated natural gas customer base for FY2025
“stable”
Exhibit 99.1 · the passage around this item
… earlier in the release
The company’s latest expectations are the following:
· For
2025, expect to achieve GAAP earnings per share above guidance range of $2.07-$2.11 due to
non-recurring benefits.
· Anticipated
growth in 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 are expected to 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 is expected to 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 is expected to grow at a compounded annual
growth rate of over 8%.
· The
regulated water customer base (or equivalent dwelling units) of the business is expected
to 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 is expected to be stable for 2025.
· Through
2027, the company expects to raise equity via its ATM
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.