Essential Utilities Reports Q3 2026 Earnings with Increased Revenue and EPS
Essential Utilities (WTRG) reported third-quarter 2026 results characterized by a 6.6% increase in operating revenues to $508.3 million, driven largely by regulatory recoveries and higher purchased gas costs. The company achieved a GAAP EPS of $0.36, marking a 9% year-over-year improvement. Despite these gains, year-to-date net income saw a decline compared to the previous year's nine-month period. The utility provider is aggressively pursuing growth through infrastructure and acquisitions, targeting a record $1.7 billion in capital spending for 2026 as part of a larger $8.7 billion five-year plan. While several small-scale acquisitions have been signed, the company noted that its $276.5 million DELCORA transaction is currently delayed due to a federal bankruptcy stay involving the city of Chester.
Topics: capital investment earnings report regulated utilities revenue growth