Essential Utilities, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 09:56 am EST
Share
Essential Utilities, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 434.62 million compared to USD 361.86 million a year ago. Net income was USD 68.64 million compared to USD 50.5 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.2 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.19 a year ago.
For the nine months, sales was USD 1,582.65 million compared to USD 1,342.46 million a year ago. Net income was USD 350.31 million compared to USD 315.11 million a year ago. Basic earnings per share from continuing operations was USD 1.34 compared to USD 1.23 a year ago. Diluted earnings per share from continuing operations was USD 1.33 compared to USD 1.23 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. 
