Essential Utilities Files 8-K on Material Agreement; Details Undisclosed

TL;DR

**Essential Utilities filed an 8-K about a material agreement, but the details are missing, leaving investors guessing.**

AI Summary

Essential Utilities, Inc. (WTRG) filed an 8-K on January 8, 2024, reporting an event that occurred on January 4, 2024, related to an 'Entry into a Material Definitive Agreement' and 'Other Events.' While the filing confirms the company's basic information, such as its Pennsylvania incorporation and NYSE listing under the trading symbol WTRG, it does not disclose the specific details of the material agreement or other events. This lack of detail means investors are currently in the dark about the nature and potential impact of this agreement, which could affect future stock performance.

Why It Matters

Investors need to know the specifics of any 'Material Definitive Agreement' to assess its financial implications, as it could significantly impact Essential Utilities' future revenue, expenses, or strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a 'Material Definitive Agreement' without providing details, creating uncertainty about its potential positive or negative impact on the company.

Analyst Insight

A smart investor would monitor for subsequent filings (like another 8-K or 10-K) that provide the missing details about the 'Material Definitive Agreement' and 'Other Events' to properly assess their impact on Essential Utilities, Inc. (WTRG).

Key Players & Entities

• Essential Utilities, Inc. (company) — the registrant filing the 8-K
• WTRG (company) — trading symbol on the New York Stock Exchange
• January 4, 2024 (date) — date of the earliest event reported
• January 8, 2024 (date) — date the 8-K was filed
• Pennsylvania (company) — state of incorporation for Essential Utilities, Inc.
• New York Stock Exchange (company) — exchange where Essential Utilities' common stock is registered

FAQ

From the Filing

0001552781-24-000010.txt : 20240108 0001552781-24-000010.hdr.sgml : 20240108 20240108161252 ACCESSION NUMBER: 0001552781-24-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 20 CONFORMED PERIOD OF REPORT: 20240104 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240108 DATE AS OF CHANGE: 20240108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Essential Utilities, Inc. CENTRAL INDEX KEY: 0000078128 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 231702594 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06659 FILM NUMBER: 24520231 BUSINESS ADDRESS: STREET 1: 762 W. LANCASTER AVE CITY: BRYN MAWR STATE: PA ZIP: 19010-3489 BUSINESS PHONE: 610-527-8000 MAIL ADDRESS: STREET 1: 762 W. LANCASTER AVE CITY: BRYN MAWR STATE: PA ZIP: 19010-3489 FORMER COMPANY: FORMER CONFORMED NAME: AQUA AMERICA INC DATE OF NAME CHANGE: 20040120 FORMER COMPANY: FORMER CONFORMED NAME: PHILADELPHIA SUBURBAN CORP DATE OF NAME CHANGE: 19920703 8-K 1 e24007_wtrg-8k.htm false 0000078128 0000078128 2024-01-04 2024-01-04 iso4217:USD xbrli:shares iso4217:USD xbrli:shares UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________ FORM 8-K _____________ CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 _____________ Date of report (Date of earliest event reported): January 4, 2024 _____________ Essential Utilities, Inc. (Exact Name of Registrant Specified in Charter) _____________ Pennsylvania 001-06659 23-1702594 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)   762 West Lancaster Avenue     Bryn Mawr , Pennsylvania   19010-3489 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s telephone number, including area code: (610) 527-8000 ____________   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock, $.50 par value   WTRG   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐         Item 1.01 Entry into a Material Definitive Agreement.   On January 8, 2024, Essential Utilities, Inc. (the “Company”) issued $500,000,000 principal amount of its 5.375% Senior Notes due 2034 (the “Notes”). The Notes were issued pursuant to the indenture, dated as of April 23, 2019 (the “Base Indenture”), as supplemented by the First Supplemental Indenture, dated as of April 23, 2019 (the “First Supplemental Indenture”), and the Seventh Supplemental Indenture, dated as of Janu