StockNews.AI
WTRG
StockNews.AI
174 days

Essential Utilities Reports Financial Results for Full Year 2024

1. WTRG reported a 34% increase in Q4 net income to $184.8 million. 2. Annual net income rose 17% to $595.3 million in 2024.

Earnings
+0.16%Current Return
VS
-1.6%S&P 500
$37.5102/26 05:34 PM EDTEvent Start
$37.5702/28 12:22 AM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bullish?

The significant net income growth (34% in Q4 and 17% annually) shows operational strength. Historical patterns indicate that strong earnings can lead to positive stock performance, hence the bullish outlook.

How important is it?

Given the significant earnings growth, this report is likely to influence investor sentiment positively, thus affecting the stock price. Earnings reports are critical for evaluating company health and performance.

Why Short Term?

The immediate market reaction to the positive earnings report will be observed in the short term, as investors typically respond quickly to earnings announcements. For instance, stocks usually rally after robust quarterly results.

Related Companies

AWKWTRDTE
BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today reported results for the fourth quarter and full year ended December 31, 2024. Essential's net income was $184.8 million or $0.67 per share for the fourth quarter of 2024, compared to $0.50 per share for the same period in 2023, an increase of 34%. Essential's net income was $595.3 million or $2.17 per share for the full year of 2024, compared to $1.86 for the prior year, an increase of 17%. The full year net income an.

Related News