Essential Utilities, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 23, 2022 at 04:32 pm EST
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Essential Utilities, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was USD 535.69 million compared to USD 474 million a year ago. Net income was USD 116.51 million compared to USD 102.71 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 0.44 compared to USD 0.4 a year ago.
For the full year, sales was USD 1,878.14 million compared to USD 1,462.7 million a year ago. Net income was USD 431.61 million compared to USD 284.85 million a year ago. Basic earnings per share from continuing operations was USD 1.68 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 1.67 compared to USD 1.12 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. 
