The combination of strong organic growth, record infrastructure investment, and progress on the American Water merger creates a compelling long-term investment case. Traders should monitor regulatory approvals for the merger and track execution against the 5-7% EPS growth guidance.
Price Chart
Executive Summary
Essential Utilities (WTRG) reported full-year 2025 earnings with GAAP EPS of $2.20, up from $2.17 in 2024, on revenue growth of 18.6% to $2.47 billion. The company invested a record $1.4 billion in infrastructure and secured shareholder approval for its merger with American Water, expected to close in Q1 2027. Management reaffirmed long-term EPS growth guidance of 5-7% from a $1.97 non-GAAP 2024 base.
Key Financial Metrics
Key Facts
- Full-year 2025 GAAP EPS was $2.20, up from $2.17 in 2024
- Full-year 2025 revenue was $2.47 billion, up 18.6% YoY
- Regulated water segment revenue grew 8.6%, natural gas segment revenue grew 32.6%
- Record $1.4 billion invested in infrastructure in 2025
- Shareholders approved merger with American Water, expected to close in Q1 2027
- Company reaffirmed 5-7% long-term EPS CAGR guidance from $1.97 non-GAAP 2024 base
Financial Impact
Revenue increased by $388.5 million YoY to $2.47 billion, with EPS up $0.03 to $2.20
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| regulated water | $1.3B | +8.6% |
| regulated natural gas | $1.1B | +32.6% |
Risk Factors
- Merger with American Water is subject to regulatory approvals and may not close as expected
- Guidance excludes the $276.5 million DELCORA acquisition, which could impact future results if closed
- Higher operations and maintenance expenses and depreciation could pressure margins
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001552781-26-000071 |
| Document: e26072_wtrg-8k.htm | 0001552781-26-000071 |
| Document: 0001552781-26-000071-index-headers.html | 0001552781-26-000071 |
| Document: 0001552781-26-000071-index.html | 0001552781-26-000071 |
| Document: 0001552781-26-000071.txt | 0001552781-26-000071 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 22d ago | 425 | $41.80 $41.62 | ▼ −0.43% | ▲ +0.07% | $39.21 (−6.21%) |
Aug 5, 2026 8w ago | 8-K | $39.59 $39.75 | ▲ +0.41% | ▲ +0.06% | $39.21 (−0.97%) |
Jun 23, 2026 14w ago | 425 | $37.78 $38.03 | ▲ +0.66% | ▼ −1.05% | $39.21 (+3.77%) |
May 29, 2026 17w ago | 425 | $36.07 $37.36 | ▲ +3.56% | ▲ +6.32% | $39.21 (+8.68%) |
May 29, 2026 17w ago | 425 | $36.07 $37.36 | ▲ +3.56% | ▲ +6.32% | $39.21 (+8.68%) |
May 15, 2026 19w ago | 425 | $37.08 $37.12 | ▲ +0.11% | ▼ −1.51% | $39.21 (+5.72%) |
May 8, 2026 20w ago | S-3ASR | $37.43 $37.08 | ▼ −0.94% | ▼ −0.85% | $39.21 (+4.73%) |
May 7, 2026 21w ago | 8-K | $37.65 $37.90 | ▼ −0.65% | ▲ +0.85% | $39.21 (−4.12%) |
Apr 24, 2026 22w ago | 425 | $39.31 $37.93 | ▼ −3.51% | ▼ −3.91% | $39.21 (−0.28%) |
Apr 10, 2026 24w ago | 425 | $39.45 $39.68 | ▲ +0.58% | ▼ −2.71% | $39.21 (−0.63%) |
US Market Status
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