Essential Utilities — Nov 4, 2025 release

water and wastewater public utility with a pro forma market capitalization of approximately $40 billion and a combined enterprise value of approximately $63 billion, based on closing stock prices as of October 24, 2025.   The transaction is expected to close by the end of the first quarter of 2027, subject to customary closing conditions, including, among others, approval from each company’s shareholders, clearance under the Hart-Scott-Rodino Act, and regulatory approvals, including approval from the applicable public utility commissions.     Multi-Year Financial and Growth Guidance The company reaffirms its previously initiated long-term earnings guidance. The company’s latest expectations are the following:   · For 2025, expect to achieve GAAP earnings per share above the prior guidance range of $2.07-$2.11 due to non-recurring benefits. · Since the company’s 2024 earnings per share was $2.17 on a GAAP basis, 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%;