Essential Utilities, Inc. (WTRG) Tops Q1 EPS by 3c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus

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Go back to Essential Utilities, Inc. (WTRG) Tops Q1 EPS by 3c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus

Essential Utilities Reports Financial Results for Q1 2020

May 6, 2020 4:49 PM EDT

Essential closes on Peoples acquisition and secures financing

BRYN MAWR, Pa.--(BUSINESS WIRE)-- Essential Utilities Inc. (NYSE: WTRG) (Essential), formerly Aqua America Inc., today reported results for the first quarter ended March 31, 2020.

First Quarter Highlights

On March 16, 2020, Essential closed the $750 million previously announced investment from the Canada Pension Plan Investment Board and completed the acquisition of Peoples, a natural gas distribution utility, serving over 747,000 customers in Western Pennsylvania, Kentucky and West Virginia, increasing its utility footprint to serve approximately 5 million people across 10 states. This... More