Essential Utilities(NYSE) WTRG

Essential Utilities, Inc. provides clean water and removes wastewater for millions of people. The company also delivers natural gas to heat homes and power businesses. These services reach customers across nine states under the Aqua and Peoples brands.

Water, Gas, and Home Repairs

• Regulated Water: Provides water and wastewater services to approximately 5.5 million people; generated $680.5 million in revenue during the first half of 2026.
• Regulated Natural Gas: Distributes natural gas primarily to customers in western Pennsylvania and Kentucky; generated $698.7 million in revenue during the first half of 2026.
• Utility Protection Solutions: Offers repair and protection services for household water and sewer lines through non-regulated subsidiaries.
• Gas Marketing: Conducts natural gas marketing and production activities through market-based business units.

Strategic Mergers and Acquisitions

• Entered an agreement on Oct. 26, 2025, to merge with American Water, with completion estimated by the end of the first quarter of 2027.
• Received merger approvals from public utility commissions, which are state agencies that regulate utility rates, in Kentucky, Virginia, and Ohio.
• Acquired the Greenville Municipal Water Authority system in Pennsylvania for $18 million in March 2026.
• Acquired wastewater system assets in Bastrop County, Texas, for $4.9 million in May 2026.
• Signed a purchase agreement to acquire the Delaware County Regional Water Quality Control Authority for $276.5 million.

Infrastructure and Innovation

The company manages extensive infrastructure across nine states including Pennsylvania, Ohio, and Texas. It uses weather normalization adjustments, which are regulatory tools that balance revenue when temperatures vary from historical averages, to stabilize income.

Essential Numbers to Know

• Operating revenues reached $1.39 billion during the first half of 2026, a 7.2% increase year over year.
• Net income was $330.1 million during the six-month period ended June 30, 2026.
• The company invested $662.2 million into infrastructure improvements during the first half of 2026.
• Essential Utilities plans to invest approximately $8.7 billion from 2026 to 2030 to improve its utility systems.
• The company had approximately $648 million available for equity issuance under its sales program as of June 30, 2026.

Bottom Line

Essential Utilities has evolved from a water utility into a diversified provider of water and natural gas services. Its pending merger with American Water marks a new phase in its effort to consolidate regulated operations.