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Essential Utilities

WTRG

Essential Utilities is a leading holding company for regulated utilities providing water, wastewater, and natural gas services to approximately 5.5 million people across nine states.

Market cap
$11.55B+11.6%
Revenue$2.6B+13.1%
Net income$557.0M-9.2%
Free cash flow$803.6M+19.0%
EPS (diluted)$1.97-11.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 5 days)
Revenue estimate$538.9M
EPS estimate$0.38

Financials

Q1 2026

Income statement

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Revenue$861.8M+10.0%
Operating income$310.6M-8.3%
Net income$224.4M-20.9%
EPS (diluted)$0.79-23.3%

Balance sheet

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Cash & equivalents$75.9M+265%
Total debt$8.4B+9.3%
Total equity$6.9B+6.7%
Total assets$19.8B+7.9%

Cash flow

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Operating cash flow$265.4M-11.4%
CapEx$137.7M+25.3%
Free cash flow$127.7M-32.6%

Valuation & ratios

Valuation

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Market cap$11.21B+11.6%
Enterprise value$19.55B+9.3%
P/E20.1×+4.5×
P/S4.4×+0.1×

Profitability

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Operating margin35%-3.4pp
Net margin21.8%-5.3pp
FCF margin31.5%+1.6pp

Returns & leverage

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Return on equity8.3%-1.4pp
Debt / equity1.2×0.0×
Current ratio+0.3×

Segments

By product

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Natural Gas$535.6M+13.5%
Water$263.2M+6.4%
Wastewater$57.6M+12.2%
Other$12.2M-18.2%

By segment

See full
Natural Gas$529.4M+12.5%
Water$323.0M+7.4%

Competitors

Profile

Essential Utilities is a leading holding company for regulated utilities providing water, wastewater, and natural gas services to approximately 5.5 million people across nine states. The company operates primarily under the Aqua and Peoples brands, focusing on infrastructure rehabilitation and the acquisition of municipal utility systems. Its core value proposition centers on delivering essential resources through a large-scale, regulated platform that leverages economies of scale and technical expertise.

Competitive position

One of the largest investor-owned water and wastewater utilities in the U.S., currently undergoing a significant merger process to become a subsidiary of American Water Works Company.

GeographiesPennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, Kentucky
Customer segmentsResidential, Commercial, Industrial, Public Sector
Business modelRegulated Utility, Infrastructure-as-a-Service, B2C, B2B
SuppliersSurface water sources, Underground aquifers, Natural gas producers, Interstate pipelines, Electricity providers, Chemical suppliers
CustomersResidential homeowners, Commercial enterprises, Industrial manufacturers, Municipal fire departments
Listed1980
Employees3.3K
CEOChristopher H. Franklin
SectorUtilities
FilingsSEC EDGAR

Questions, answered.

What is Essential Utilities's market cap?
Essential Utilities (WTRG) has a market capitalization of $11.5B and trades on NYSE.
What is Essential Utilities's revenue and profitability?
Essential Utilities generated $2.6B in trailing twelve-month revenue with net income of $557.0M, representing a net margin of 21.8%, with free cash flow of $803.6M. These figures are based on the Q1 2026 filing.
Who are Essential Utilities's competitors?
Essential Utilities's key competitors include American Water Works Company, Inc., California Water Service Group, Chesapeake Utilities, and others. These companies compete in similar markets and product categories.
Who does Essential Utilities partner with?
Essential Utilities's notable partners include American Water Works Company, Inc., IEP Hummingbird Energy LLC.
What subsidiaries does Essential Utilities have?
Essential Utilities's subsidiaries include Aqua Pennsylvania, Inc., Peoples, Aqua Infrastructure.
Where is Essential Utilities headquartered?
Essential Utilities is headquartered in United States of America and employs approximately 3,258 people. It has been publicly traded since 1980.