Essential Utilities, Inc. (NYSE: WTRG) reported Q4 EPS of $0.50, $0.01 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $479.42 million versus the consensus estimate of $708.5 million.

GUIDANCE:

Essential Utilities, Inc. sees FY 2024 revenue of $1.96-2 million, versus the consensus of $2.01 million.

In 2024, regulated infrastructure investments will be approximately $1.3 to $1.4 billion
Through 2028, we will make regulated infrastructure investments of approximately $7.2 billion, weighted towards the regulated water segment.
Through 2028, the regulated water segment rate base will grow at a compounded annual growth rate of approximately 8%.
Through 2028, the regulated natural gas segment rate base will grow at a compounded annual growth rate of approximately 10%.
Through 2028, the regulated utility rate base will grow at a compounded annual growth rate of over 8%.
The regulated water customer base (or equivalent dwelling units) of the business will grow at an average annual growth rate of between 2 and 3% from acquisitions and organic customer growth.
The regulated natural gas customer base of the business will be stable for 2024.
In 2024, approximately $250 million in equity is expected to be raised using an ATM equity program.

For earnings history and earnings-related data on Essential Utilities, Inc. (WTRG) click here.