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Essential Utilities WTRG Regulatory Asset

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Other financials

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

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Market cap$11.32B+6.4%
Enterprise value$19.65B+6.9%
P/E20.3×+3.9×
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×

Where this comes from

Reported directly by Essential Utilities in its filing.

Tagged under the XBRL concept us-gaap:RegulatoryAssets.

The source filing: Essential Utilities’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 3:16 PM EST
Fiscal year
FY2025
Accession
0000078128-26-000050
Line itemDecember 31, 2025 / Regulatory / AssetsDecember 31, 2025 / Regulatory / LiabilitiesDecember 31, 2024 / Regulatory / AssetsDecember 31, 2024 / Regulatory / Liabilities
Utility plant retirement costs39,92881,91829,14675,270
Post-retirement benefits66,302158,62780,875160,851
Accrued vacation451-418-
Water tank painting12,357-11,242-
Fair value adjustment of long-term debt assumed in acquisition23,234-30,603-
Debt refinancing10,595-11,587-
Rate case filing expenses and other41,16123,22942,6891,325
$$2,109,448$714,487$1,940,640766,515

Item 8. Financial Statements and Supplementary Data

FAQ

What is Essential Utilities's regulatory asset?
Essential Utilities (WTRG) reported regulatory asset of $2.11B in Q4 2025.
How has Essential Utilities's regulatory asset changed year-over-year?
Essential Utilities's regulatory asset increased by 8.7% year-over-year, from $1.94B to $2.11B.
What is the long-term trend for Essential Utilities's regulatory asset?
Over 5 years (2020 to 2025), Essential Utilities's regulatory asset has grown at a 9.0% compound annual growth rate (CAGR), from $1.37B to $2.11B.
What does regulatory asset mean?
Regulatory assets represent costs that a utility company has incurred but is permitted to recover from customers through future rates. These assets arise from regulatory accounting standards where the timing of expense recognition for financial reporting differs from the timing of rate recovery. This reflects the company's right to collect these costs over time as approved by public utility commissions.

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