Essential Utilities expands its New Jersey water operations with the Lake Tamarack acquisition, adding 255 customers and planning $1.4M in infrastructure upgrades.
Essential Utilities (WTRG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Essential Utilities' Aqua Pennsylvania unit acquired Ulster's water assets for $0.5 million, adding 180 customers and planning $2 million in upgrades over five years.
WTRG's expanding customer base, acquisitions and infrastructure spending support its long-term earnings growth potential.
Essential Utilities NYSE: WTRG reported second-quarter 2026 GAAP earnings of $0.37 per share, compared with $0.38 per share in the prior-year quarter, as higher regulatory recoveries and water volumes were offset by lower gas volumes, increased operating expenses, depreciation and interest costs.
WTRG's Q2 revenues rise 3.1% and beat estimates as water sales climb 7.6%, while merger costs and interest weigh on profit.
Essential Utilities (WTRG) came out with quarterly earnings of $0.38 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.38 per share a year ago.
After the upcoming dividend reset in its ongoing merger with American Water Works, Essential Utilities' dividend growth will accelerate well beyond what it was doing independently. Joining forces with AWK, Essential Utilities will emerge as the most dominant regulated water utility in the United States. The company's S&P credit rating is set to improve from A- with a positive outlook (considering the merger) to an A grade with a stable outlook.
Essential Utilities (WTRG) reported earnings 30 days ago. What's next for the stock?
WTRG Q1 EPS misses estimates, but revenues jump to $862M and beat forecasts as merger approvals with American Water Works advance.
Essential Utilities, Inc. (WTRG) Q1 2026 Earnings Call Transcript
Essential Utilities (WTRG) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.03 per share a year ago.