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Essential Utilities Inc - Stock Quote WTRG

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Morningstar's Essential Utilities Inc Stock Analysis

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Essential Utilities Posts Steady Earnings Growth, Works to Close Acquisitions in 2022

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $41 fair value estimate for Essential Utilities after the company reported earnings per share of $0.76 on an adjusted basis in the first quarter, up 6% from the first quarter of 2021. We are reaffirming our narrow moat and stable moat trend ratings. 

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Essential Utilities Inc's Company Profile

Business Description

Essential Utilities is a Pennsylvania-based holding company for U.S. water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Nearly three fourths of its water earnings come from Pennsylvania, primarily suburban Philadelphia. It also has a small market-based water business that provides water and water services to third parties, notably natural gas producers. Its $4.3 billion Peoples Gas acquisition that closed in March 2020 adds 750,000 gas distribution customers in Pennsylvania, West Virginia, and Kentucky.

762 West Lancaster Avenue
Bryn Mawr, PA, 19010-3489
T +1 610 527-8000
Sector Utilities
Industry Utilities - Regulated Water
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Aggressive Growth
Employees 3,211