Essential Utilities raised its quarterly dividend by 6% in July 2024. The company's second quarter operating revenue decreased by 0.5% year-over-year. Rate cases may lead to increased future revenues for Essential Utilities. The company maintains a strong credit rating of A- from S&P. Projected adjusted diluted EPS growth is expected at 6.5% for 2024.
Essential Utilities raised its quarterly dividend by 6% to $0.3255. Q2 revenues decreased 0.5% to $434.4 million, lower than estimates. Positive rate case outcomes are expected, potentially boosting future revenues. EPS guidance for 2024 suggests a 6.5% growth rate from 2023. A- credit rating indicates strong financial health despite weather challenges.