Feed / WTRG

Essential Utilities, Inc.

WTRG

Utilities · 41.81 -0.4% today

Participation confirmed · construction unavailableMarket checked 10 Sept, 15:55 GMT-4

Market read

Essential Utilities, Inc.'s move is spreading beyond its market group.

The latest filing is mixed. 7 of 12 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.

What changed
  • Revenue increased 3.1% versus the comparable filing period.
  • Net margin fell 1.0 percentage points.
Company-0.4% todayVolume comparison unavailable
Market group7 of 12 activeRegulated Water Utilities · inactive
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 8 of 12 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • TPL remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 4 of 12 members or fewer.

Watch this read

Research brief

The story so far

Utilities · Utilities - Regulated Water

The latest filing is mixed. 7 of 12 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 3.1% versus the comparable filing period.
Evidence that challenges
  • Net margin fell 1.0 percentage points.
What would clarify the read
  • At least 8 of 12 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • TPL remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements131
Verified relationships4
Evidence supporting the case
  • Latest annual revenue changed +18.6% year over year.
  • Operating cash flow covered net income at 1.64x in the latest annual period.
  • Capital investment and capacity has repeated favorable evidence across 5 filings.
  • Credit and interest rates has repeated favorable evidence across 5 filings.
  • Energy and commodity prices has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Net margin changed -3.6 percentage points in the latest annual period.
  • Diluted shares increased 2.3% in the latest annual period.
Questions before a position
  • P/E is 21% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 51% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

41.81
6m+5.2%12m+9.2%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.9B+28.4%$1.67+1.4%
2022-12-31$2.3B+21.8%$1.77+1.8%
2023-12-31$2.1B-10.2%$1.86+1.8%
2024-12-31$2.1B+1.6%$2.17+2.5%
2025-12-31$2.5B+18.6%$2.20+2.3%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitypositive · 5 filings
Depreciation and amortization expense increased by $21,125 or 10.4% principally due to continued capital expenditures to expand and improve our utility facilities and our acquisitions of new water and wastewater utility systems.
10-Q · Aug 5, 2026
Credit and interest ratespositive · 5 filings
Interest expense, net, increased by $3,850 or 7.4% due to higher push down debt borrowings of the Regulated Natural Gas segment from Essential Utilities, Inc, which is primarily used to fund capital projects.
10-Q · Aug 5, 2026
Energy and commodity pricespositive · 5 filings
Taxes other than income taxes increased by $3,270 or 39.7% primarily due to the absence of a prior year benefit from favorable sales and use tax accrual adjustment amounting to $2,709 in the Regulated Natural Gas segment following the closure of a sales and u…
10-Q · Aug 5, 2026
Legal and regulatory exposurepositive · 3 filings
Aside from DELCORA, closings for these acquisitions, which occurred or are expected to occur in 2026, are subject to the timing of the various regulatory approval processes and are expected to add approximately 5,000 equivalent retail customers in two of the…
10-K · Feb 26, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 4.7× · EV/sales 8.0×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

41.81-0.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for WTRG. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

The latest filing presents a mixed picture

10-Q filed 2026-08-05 against the comparable filing from 2025-08-04.

mixed
OperationsmixedEvidence score +1
liquidityneutralEvidence score 0
valuationmixed

Capital and cash conversion

Reported investment and cash context

Stock compensation / revenue
+1.4%

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 3.1% versus the comparable filing period.

What weakened

  • Net margin fell 1.0 percentage points.

Filing receipts

Taxes other than income taxes increased by $6,682 or 15.3% primarily due to a prior year sales and use tax accrual benefit in our Regulated Natural segment, increase in our Illinois subsidiary’s invested capital tax expense, and an increase in payroll taxes as a result of higher employee compensation expense.

Depreciation and amortization expense increased by $21,125 or 10.4% principally due to continued capital expenditures to expand and improve our utility facilities and our acquisitions of new water and wastewater utility systems.

Depreciation and amortization expense increased by $9,773 or 9.4% principally due to continued capital expenditures to expand and improve our utility facilities and our acquisitions of new water and wastewater utility systems.

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind WTRG

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AWKAmerican Water Works Company, Inc.partnerFeb 26, 2026

1 Table of Contents On October 26, 2025, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with American Water Works Company, Inc.

CHCOCity Holding CompanydistributorFeb 26, 2026

The system serves approximately 3,200 customers in the City of Beaver Falls and also provides bulk transmission and treatment service for approximately 3,800 equivalent dwelling units in seven nearby municipalities.

CHCOCity Holding CompanyinvesteeAug 4, 2025

In July 2025, the Company acquired the wastewater utility system of the City of Beaver Falls, Pennsylvania for $37,750.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

WTRG is currently a Early Follower in the organic co-movement group Regulated Water Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.