Essential Utilities beats Q3 revenue estimates on price hikes in water and gas segments

Reuters11-05

<a href="https://laohu8.com/S/WTRG">Essential Utilities</a> beats Q3 revenue estimates on price hikes in water and gas segments

Overview

Essential Utilities Q3 revenue grows 9.6% yr/yr, beating analyst expectations
Net income for Q3 rises to $92.1 mln, reflecting strong operational performance
Company announces merger with American Water Works to create leading U.S. utility

Outlook

Essential expects 2025 GAAP EPS to exceed prior guidance of $2.07-$2.11
Company plans $1.4-$1.5 bln in infrastructure investments in 2025
Through 2029, regulated water segment rate base to grow at ~6% CAGR

Result Drivers

RATE INCREASES - Revenue growth driven by increased rates in both water and gas segments
BAD DEBT CREDIT - Prior year credit to bad debt expense boosted net income
HIGHER EXPENSES - Gains offset by increased depreciation, interest, and operations expenses

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$476.97 mln	$472.40 mln (2 Analysts)
Q3 EPS		$0.33
Q3 Net Income		$92.07 mln
Q3 Operating income		$169.77 mln
Q3 Pretax Profit		$96.37 mln

Press Release: ID:nBw5JSryja

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2229751404.USD","symbol_name":"ALLIANZ GLOBAL WATER \"AT3\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251104:nL1N3WG1L5:1","article_id":"2581047760","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581047760","pubTimestamp":1762294397,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Essential Utilities beats Q3 revenue estimates on price hikes in water and gas segmentsOverviewEssential Utilities Q3 revenue grows 9.6% yr/yr, beating analyst expectationsNet income for Q3 rises to $","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2229751404.USD":"ALLIANZ GLOBAL WATER \"AT3\" (USD) ACC","LU2125910179.SGD":"Natixis Thematics Water H-R/A SGD","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU1923621640.USD":"Natixis Thematics Water R/A USD","BK4172":"水公用事业","LU1543694498.USD":"法巴水资源基金RH MD Dis","WTRG":"Essential Utilities, Inc.","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","LU2346227817.USD":"BGF SUSTAINABLE GLOBAL INFRASTRUCTURE \"A2\" (USD) ACC","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU2125910336.SGD":"Natixis Thematics Water R/A SGD","LU2089279066.USD":"ALLIANZ GLOBAL WATER \"AT\" (USD) ACC"},"translate_title":"由于水和天然气领域价格上涨，Essential Utilities第三季度收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WTRG":0.9},"content_text":"Essential Utilities beats Q3 revenue estimates on price hikes in water and gas segmentsOverviewEssential Utilities Q3 revenue grows 9.6% yr/yr, beating analyst expectationsNet income for Q3 rises to $92.1 mln, reflecting strong operational performanceCompany announces merger with American Water Works to create leading U.S. utilityOutlookEssential expects 2025 GAAP EPS to exceed prior guidance of $2.07-$2.11Company plans $1.4-$1.5 bln in infrastructure investments in 2025Through 2029, regulated water segment rate base to grow at ~6% CAGRResult DriversRATE INCREASES - Revenue growth driven by increased rates in both water and gas segmentsBAD DEBT CREDIT - Prior year credit to bad debt expense boosted net incomeHIGHER EXPENSES - Gains offset by increased depreciation, interest, and operations expensesKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueBeat$476.97 mln$472.40 mln (2 Analysts)Q3 EPS$0.33Q3 Net Income$92.07 mlnQ3 Operating income$169.77 mlnQ3 Pretax Profit$96.37 mlnPress Release: ID:nBw5JSryjaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2581047760","isCrawlerRequest":true}