Essential Utilities Reports Financial Results for Q2 2020
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Essential Utilities, Inc. (WTRG) Tops Q2 EPS by 7c, Revenues Beat; Reaffirms FY20 EPS Guidance Above Consensus
August 5, 2020 4:19 PM EDTEssential Utilities, Inc. (NYSE: WTRG) reported Q2 EPS of $0.29, $0.07 better than the analyst estimate of $0.22. Revenue for the quarter came in at $384.47 million versus the consensus estimate of $371.24 million.
Earns $0.29 earnings per share; reaffirms annual earnings guidanceStrong residential water consumption offsets declines in other customer classesDeclares 7% dividend increaseEssential Chairman and CEO Christopher Franklin said, We are pleased with our strong financial results for the first full quarter following the closing of Peoples. The company continues to take... More
