Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ESSENTIAL UTILITIES, INC.

(WTRG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Essential Utilities : rsquo; Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets

09/14/2021 | 08:39am EDT

Service provider commits to $9 million in community infrastructure investments

Essential Utilities Inc. (NYSE: WTRG) today announced that its Aqua Illinois subsidiary has acquired the wastewater system of the Village of Bourbonnais, which serves approximately 6,500 customer connections in Kankakee County, Ill., for $32.1 million.

“At Essential, we are so proud to deliver safe, reliable services that improve quality of life for our customers in the communities we serve,” said Essential Chairman and CEO Christopher Franklin. “The Village of Bourbonnais is already a valued water partner of Aqua Illinois, and on behalf of our entire team, we are thrilled that this purchase will enable us to expand our contributions in the community.”

Bourbonnais is the second acquisition completed by Essential’s Aqua companies in 2021. The company currently has six additional signed purchase agreements for water and wastewater systems, which have a total purchase price of $426.4 million and represent approximately 226,500 equivalent dwelling units.

As part of the agreement, Aqua Illinois has committed to investing at least $9 million into system upgrades that will provide valuable infrastructure and reliability improvements for the Bourbonnais community.

“The Aqua Illinois team is already hard at work to provide quality wastewater services and exceptional customer care in Bourbonnais,” said Aqua Illinois President Craig Blanchette. “Focusing on our customers’ needs as we deliver essential resources and services has always been our priority. We value Bourbonnais’ partnership, and we look forward to being the village’s trusted wastewater service provider for years to come.”

Aqua Illinois serves approximately 270,000 people in 70 communities across 13 Illinois counties. Visit AquaAmerica.com for more information or follow @MyAquaAmerica on Facebook and Twitter.

About Essential

Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including. There are important factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements including: general economic business conditions; the successful integration of the customers and the facility; and other factors discussed in our Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with Essential Utilities’ business, please refer to Essential Utilities’ annual, quarterly and other SEC filings. Essential Utilities is not under any obligation — and expressly disclaims any such obligation — to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

WTRGF


ę Business Wire 2021
All news about ESSENTIAL UTILITIES, INC.
10/27Essential Utilities Maintains Quarterly Dividend Stable at $0.2682 a Share, Payable Dec..
MT
10/27Essential Declares December 2021 Dividend
BU
10/22ESSENTIAL UTILITIES : Recognized as Champion of Board Diversity by The Forum of Executive ..
BU
10/21ESSENTIAL UTILITIES : Unit to Acquire Municipal Wastewater System in Pennsylvania for $41...
MT
10/21Essential Utilities to Buy City of Beaver Falls Municipal Wastewater Assets
DJ
10/21ESSENTIAL UTILITIES : rsquo; Pennsylvania Wastewater Subsidiary Reaches Agreement With Cit..
BU
09/29ESSENTIAL UTILITIES : Site - Footer Menu Privacy Policy Contact Us
PU
09/20ESSENTIAL UTILITIES : to Report Earnings for Q3 2021
BU
09/14Energy Stocks Add to Tuesday Losses This Afternoon
MT
09/14ESSENTIAL UTILITIES : Subsidiary Buys Wastewater System in Illinois for $32.1 Million
MT
More news
Analyst Recommendations on ESSENTIAL UTILITIES, INC.
More recommendations
Financials (USD)
Sales 2021 1 860 M - -
Net income 2021 433 M - -
Net Debt 2021 5 994 M - -
P/E ratio 2021 27,8x
Yield 2021 2,24%
Capitalization 11 452 M 11 452 M -
EV / Sales 2021 9,38x
EV / Sales 2022 9,01x
Nbr of Employees 3 180
Free-Float 98,5%
Chart ESSENTIAL UTILITIES, INC.
Duration : Period :
Essential Utilities, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ESSENTIAL UTILITIES, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 46,60 $
Average target price 53,08 $
Spread / Average Target 13,9%
EPS Revisions
Managers and Directors
Christopher H. Franklin Chairman, President & Chief Executive Officer
Dan J. Schuller Chief Financial Officer & Executive Vice President
Richard S. Fox Chief Operating Officer & Executive Vice President
Susan F. Haindl Chief Administrative Officer & Senior VP
Ellen T. Ruff Independent Director