Essential Utilities, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 05, 2021 at 02:21 pm EDT
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Essential Utilities, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 583.565 million compared to USD 255.585 million a year ago. Operating income was USD 232.352 million compared to USD 73.497 million a year ago. Net income was USD 183.689 million compared to USD 51.781 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.72 compared to USD 0.2 a year ago.
Essential Utilities, Inc. is a holding company for regulated utilities providing water, wastewater, or natural gas services. The Companyâs segments include the Regulated Water segment and the Regulated Natural Gas segment. The Regulated Water segment consists of water and wastewater regulated utility companies, which are organized by the states where the Company provides water and wastewater services. The Regulated Natural Gas segment consists of natural gas utility companies, acquired in the Peoples Gas Acquisition, for which the Company provides natural gas distribution services. It provides services across Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, and Kentucky under the Aqua and Peoples brands. The Company also operates market-based activities, conducted through its non-regulated subsidiaries, that provide utility service line protection solutions and repair services to households and gas marketing and production activities.
ESSENTIAL UTILITIES, INC. 
