Essential Utilities Files 2024 10-K
Ticker: WTRG · Form: 10-K · Filed: 2025-02-27T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, utility, water-supply, financials
TL;DR
WTRG filed its 2024 10-K. All systems go.
AI Summary
Essential Utilities, Inc. filed its 2024 10-K on February 27, 2025, detailing its operations for the fiscal year ending December 31, 2024. The company, formerly known as Aqua America Inc., is a water supply utility incorporated in Pennsylvania. The filing covers its business activities, financial performance, and risk factors, providing a comprehensive overview for investors and stakeholders.
Why It Matters
This filing provides crucial insights into Essential Utilities' financial health and operational strategies for the past fiscal year, impacting investor decisions and market perception.
Risk Assessment
Risk Level: medium — As a regulated utility, Essential Utilities faces risks related to regulatory changes, infrastructure investment needs, and environmental compliance.
Key Numbers
- 2024 — Fiscal Year (Year covered by the 10-K filing)
- 1231 — Fiscal Year End (Date the fiscal year concluded)
- 001-06659 — SEC File Number (Company's SEC filing identifier)
Key Players & Entities
- Essential Utilities, Inc. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- February 27, 2025 (date) — Filing date
- Aqua America Inc. (company) — Former company name
- Pennsylvania (location) — State of incorporation
FAQ
What is the primary business of Essential Utilities, Inc.?
Essential Utilities, Inc. is primarily engaged in the water supply industry, as indicated by its SIC code 4941.
When did Essential Utilities, Inc. change its name from Aqua America Inc.?
The company changed its name from Aqua America Inc. on January 20, 2004.
What is the filing date of this 10-K report?
This 10-K report was filed on February 27, 2025.
What is the fiscal year end for the period covered by this 10-K?
The fiscal year end for the period covered by this 10-K is December 31, 2024.
In which state is Essential Utilities, Inc. incorporated?
Essential Utilities, Inc. is incorporated in Pennsylvania (PA).
From the Filing
0001562762-25-000036.txt : 20250227 0001562762-25-000036.hdr.sgml : 20250227 20250227164854 ACCESSION NUMBER: 0001562762-25-000036 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 140 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250227 DATE AS OF CHANGE: 20250227 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-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06659 FILM NUMBER: 25680207 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-K 1 wtrg-20241231x10k.htm 10-K wtrg-20241231x10k false FY 2024 0000078128 Yes Yes No Yes http://fasb.org/us-gaap/2024#GainLossOnSaleOfOtherAssets http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent P3Y P2Y P3Y P5Y 0000078128 stpr:TX 2024-12-31 0000078128 stpr:PA 2024-12-31 0000078128 stpr:OH 2024-12-31 0000078128 stpr:NC 2024-12-31 0000078128 stpr:IL 2024-12-31 0000078128 us-gaap:RevolvingCreditFacilityMember wtrg:SwingLineCommitmentMember us-gaap:UnsecuredDebtMember 2024-01-01 2024-12-31 0000078128 us-gaap:RevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2024-01-01 2024-12-31 0000078128 wtrg:AtMarketSalesAgreementsMember 2024-12-31 0000078128 wtrg:AtMarketSalesAgreements2024Member 2024-12-31 0000078128 wtrg:PerformanceShareUnitsMember 2021-01-01 2023-12-31 0000078128 us-gaap:RegulatedOperationMember wtrg:WaterMember 2024-01-01 2024-12-31 0000078128 us-gaap:RegulatedOperationMember wtrg:WaterMember 2023-01-01 2023-12-31 0000078128 srt:MinimumMember wtrg:PerformanceShareUnitsMember 2024-01-01 2024-12-31 0000078128 us-gaap:RegulatedOperationMember wtrg:AquaPennsylvaniaIncMember 2024-01-01 2024-12-31 0000078128 wtrg:WesternPennsylvaniaMember 2024-01-01 2024-12-31 0000078128 us-gaap:StateAndLocalJurisdictionMember 2024-01-01 2024-12-31 0000078128 us-gaap:InternalRevenueServiceIRSMember 2024-01-01 2024-12-31 0000078128 us-gaap:RegulatedOperationMember 2024-01-01 2024-12-31 0000078128 wtrg:PeoplesSubsidiariesMember 2024-01-01 2024-12-31 0000078128 wtrg:NorthVersaillesPennsylvaniaMember wtrg:WaterAndWastewaterUtilitySystemsMember 2023-12-01 2023-12-31 0000078128 wtrg:AquaPennsylvaniaIncMember 2024-01-01 2024-12-31 0000078128 wtrg:WaterMember wtrg:NonUtilityPlantAndEquipmentMember us-gaap:RegulatedOperationMember 2024-12-31 0000078128 wtrg:NaturalGasMember us-gaap:RegulatedOperationMember 2024-12-31 0000078128 wtrg:WaterMember wtrg:NonUtilityPlantAndEquipmentMember us-gaap:RegulatedOperationMember 2023-12-31 0000078128 wtrg:NaturalGasMember us-gaap:RegulatedOperationMember 2023-12-31 0000078128 stpr:TX 2023-09-28 2023-09-28 0000078128 stpr:PA wtrg:RegulatedWaterAndWastewaterMember us-gaap:SubsequentEventMember 2025-02-07 0000078128 stpr:PA wtrg:WaterMember 2024-12-31 0000078128 stpr:PA wtrg:NaturalGasMember 2024-12-31 0000078128 stpr:PA wtrg:NaturalGasMember 2024-09-12 0000078128 wtrg:AquaPennsylvaniasMember 2023-01-01 2023-01-31 0000078128 srt:MinimumMember wtrg:UnsecuredNotesBMember 2024-01-01 2024-12-31 0000078128 srt:MinimumMember wtrg:NotesGMember 2024-01-01 2024-12-31 0000078128 srt:MinimumMember wtrg:LongTermDebtOfSubsidiariesZeroPointZeroZeroPercentageToZeroPointNineNinePercentageMember 2024-01-01 2024-12-31 0000078128 srt:MinimumMember wtrg:LongTermDebtOfSubsidiariesTwoPointZeroZeroPercentageToTwoPointNineNinePercentageMember 2024-01-01 2024-12-31 0000078128 srt:MinimumMember wtrg:LongTermDebtOfSubsidiariesThreePointZeroZeroPercentage