Essential Utilities Files Q2 2024 10-Q

Ticker: WTRG · Form: 10-Q · Filed: 2024-08-06T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, utilities, water, financials

Related Tickers: WTRG

TL;DR

Essential Utilities (WTRG) filed its Q2 10-Q. Water utility operations detailed.

AI Summary

Essential Utilities, Inc. filed its 10-Q for the period ending June 30, 2024. The company, formerly known as Aqua America Inc., reported on its water and wastewater utility operations. Key financial details and operational updates for the second quarter of 2024 are included in this filing.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational details for Essential Utilities, Inc., crucial for understanding the company's current standing and future prospects in the water utility sector.

Risk Assessment

Risk Level: low — As a regulated utility, Essential Utilities operates in a stable, predictable market, generally leading to lower investment risk.

Key Numbers

2024-06-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
2024-08-06 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

Essential Utilities, Inc. (company) — Filer
Aqua America Inc. (company) — Former company name
Philadelphia Suburban Corp (company) — Former company name
20240630 (date) — Reporting period end date
20240806 (date) — Filing date

FAQ

What is the primary business of Essential Utilities, Inc.?

Essential Utilities, Inc. is primarily engaged in the water supply industry, operating water and wastewater utility systems.

What was Essential Utilities, Inc. formerly known as?

Essential Utilities, Inc. was formerly known as Aqua America Inc. and prior to that, Philadelphia Suburban Corp.

For what period is this 10-Q filing?

This 10-Q filing is for the period ending June 30, 2024.

In which state is Essential Utilities, Inc. incorporated?

Essential Utilities, Inc. is incorporated in Pennsylvania (PA).

What is the SIC code for Essential Utilities, Inc.?

The Standard Industrial Classification (SIC) code for Essential Utilities, Inc. is 4941, which corresponds to Water Supply.

From the Filing

0001562762-24-000197.txt : 20240806 0001562762-24-000197.hdr.sgml : 20240806 20240806164620 ACCESSION NUMBER: 0001562762-24-000197 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 83 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240806 DATE AS OF CHANGE: 20240806 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: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-06659 FILM NUMBER: 241180099 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 10-Q 1 wtrg-20240630x10q.htm 10-Q wtrg-20240630x10q false --12-31 Q2 0000078128 Yes Yes 0000078128 stpr:NC 2023-02-28 0000078128 wtrg:WaterMember 2024-01-01 2024-06-30 0000078128 srt:MinimumMember wtrg:PerformanceShareUnitsMember 2024-01-01 2024-06-30 0000078128 srt:MaximumMember wtrg:PerformanceShareUnitsMember 2024-01-01 2024-06-30 0000078128 2019-09-03 2019-09-03 0000078128 wtrg:NorthVersaillesPennsylvaniaMember wtrg:WaterAndWastewaterUtilitySystemsMember 2023-12-01 2023-12-31 0000078128 stpr:TX 2023-09-28 2023-09-28 0000078128 srt:MinimumMember us-gaap:StateAndLocalJurisdictionMember 2024-01-01 2024-06-30 0000078128 srt:MaximumMember us-gaap:StateAndLocalJurisdictionMember 2024-01-01 2024-06-30 0000078128 srt:MinimumMember us-gaap:StateAndLocalJurisdictionMember 2023-01-01 2023-06-30 0000078128 srt:MaximumMember us-gaap:StateAndLocalJurisdictionMember 2023-01-01 2023-06-30 0000078128 wtrg:PennsylvaniaAndIllinoisMember wtrg:WastewaterMember 2024-06-30 0000078128 stpr:OH wtrg:WaterMember 2024-06-30 0000078128 stpr:KY wtrg:NaturalGasMember 2024-06-30 0000078128 wtrg:AquaPennsylvaniaIncMember 2023-01-01 2023-01-31 0000078128 srt:MinimumMember wtrg:UnsecuredNotesBMember 2024-01-01 2024-06-30 0000078128 srt:MinimumMember wtrg:NotesGMember 2024-01-01 2024-06-30 0000078128 srt:MinimumMember wtrg:LongTermDebtOfSubsidiariesZeroPointZeroZeroPercentageToZeroPointNineNinePercentageMember 2024-01-01 2024-06-30 0000078128 srt:MinimumMember wtrg:LongTermDebtOfSubsidiariesTwoPointZeroZeroPercentageToTwoPointNineNinePercentageMember 2024-01-01 2024-06-30 0000078128 srt:MinimumMember wtrg:LongTermDebtOfSubsidiariesThreePointZeroZeroPercentageToThreePointNineNinePercentageMember 2024-01-01 2024-06-30 0000078128 srt:MinimumMember wtrg:LongTermDebtOfSubsidiariesSixPointZeroZeroPercentageToSixPointNineNinePercentageMember 2024-01-01 2024-06-30 0000078128 srt:MinimumMember wtrg:LongTermDebtOfSubsidiariesSevenPointZeroZeroPercentageToSevenPointNineNinePercentageMember 2024-01-01 2024-06-30 0000078128 srt:MinimumMember wtrg:LongTermDebtOfSubsidiariesOnePointZeroZeroPercentageToOnePointNineNinePercentageMember 2024-01-01 2024-06-30 0000078128 srt:MinimumMember wtrg:LongTermDebtOfSubsidiariesFourPointZeroZeroPercentageToFourPointNineNinePercentageMember 2024-01-01 2024-06-30 0000078128 srt:MinimumMember wtrg:LongTermDebtOfSubsidiariesFivePointZeroZeroPercentageToFivePointNineNinePercentageMember 2024-01-01 2024-06-30 0000078128 srt:MaximumMember wtrg:UnsecuredNotesBMember 2024-01-01 2024-06-30 0000078128 srt:MaximumMember wtrg:NotesGMember 2024-01-01 2024-06-30 0000078128 srt:MaximumMember wtrg:LongTermDebtOfSubsidiariesZeroPointZeroZeroPercentageToZeroPointNineNinePercentageMember 2024-01-01 2024-06-30 0000078128 srt:MaximumMember wtrg:LongTermDebtOfSubsidiariesTwoPointZeroZeroPercentageToTwoPointNineNinePercentageMember 2024-01-01 2024-06-30 0000078128 srt:MaximumMember wtrg:LongTermDebtOfSubsidiariesThreePointZeroZeroPercent