WTRG Stock Recent News

Essential Utilities has boosted its dividend 33 times in the past 32 years. The water utility's diluted EPS climbed higher in Q4. Essential Utilities flexed its impressive balance sheet to refinance $500 million of long-term debt at attractive rates.

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter ended March 31, 2024, following market close on May 2, 2024. The company's conference call with financial analysts will take place on Friday, May 3, 2024, at 11 a.m. Eastern Daylight Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be ar.

The stock market has been on a winning streak, with the S&P up 17 of the last 19 weeks. This hasn't happened since 1964. Stocks at record highs historically deliver great returns, with an average 12-month gain of 13%. Dividend aristocrats are a smart investment choice for anyone worried about putting new money to work now. They offer higher profitability and long-term income growth.

Essential Utilities, Inc. (WTRG) Q4 2023 Earnings Call Transcript

Essential Utilities' (WTRG) fourth-quarter earnings surpass estimates. New customer additions and increasing capital expenditure boost the company's earnings.

Essential Utilities (WTRG) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.44 per share a year ago.

Essential Utilities' (WTRG) Q4 earnings are likely to have gained from new electric and natural gas rates and accretive acquisitions made during 2023.

Water utilities, with current dividend yields well above historical averages, are candidates for "reversion to the mean" price appreciation. Essential Utilities is a time-tested water utility company with a relative yield some 50% above its historic norm, as well as a history of dividend growth. Operating as de facto legal monopolies, water utilities (like WTRG) have competitive advantages that ensure dividend consistency--an important aspect to mean reversion taking place.

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter and 2023 year end, and announce guidance, following market close on Feb. 22, 2024. The company's conference call with financial analysts will take place on Friday, Feb. 23, 2024, at 11 a.m. Eastern Standard Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The co.

Utilities have characteristics that often make them smart picks for consistent dividend growth. Essential Utilities' operating revenue slightly declined in Q3, but its diluted EPS surged higher. The water and gas utility comfortably covers interest expenses from its earnings.