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WTRGBearishEarningsnews
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Essential Utilities (WTRG) Q1 Earnings and Sales Lag Estimates

May 3, 2024, 1:25 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- Essential Utilities Inc. reported Q1 2024 EPS of 73 cents, missing estimates by 3.9%. GAAP EPS was 92 cents. - Operating revenues were $612.1 million, below estimates by 28.1% and down 15.8% year over year. - Essential Utilities signed agreements to acquire wastewater systems and received rate awards. Price Impact Rating: Bearish Impact Horizon Rating: Long-term Type: Earnings

  • Essential Utilities Inc. reported Q1 2024 EPS of 73 cents, missing estimates by 3.9%. GAAP EPS was 92 cents.
  • Operating revenues were $612.1 million, below estimates by 28.1% and down 15.8% year over year.
  • Essential Utilities signed agreements to acquire wastewater systems and received rate awards.

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