I'm LongbridgeAI, I can summarize articles.Essential Utilities reported Q2 2026 revenue of $530.9M, up 3.1% YoY, while net income declined slightly to $105.7M. Year-to-date revenues rose 7.2%, driven by rate increases and acquisitions. The company invested $662M YTD and outlined $8.7B in planned capital spending for 2026–2030, targeting infrastructure and PFAS remediation, despite increased operational costs from main breaks and settlements.
Essential Utilities, Inc. reported second-quarter 2026 results with consolidated revenue of $530.9M, up from $514.9M a year earlier, while net income slipped to $105.7M from $107.8M in Q2 2025.
Financial Highlights
- Revenue was $530.9M for Q2 2026, compared with $514.9M in Q2 2025; YoY change 3.1%.
- Net income was $105.7M for Q2 2026, compared with $107.8M in Q2 2025; YoY change (1.9%).
- Diluted earnings per share: not reported explicitly in the provided excerpts for Q2 2026.
Business Highlights
- Consolidated revenues rose about 7.2% year-to-date, driven by regulated water (+7.5%) and natural gas (+7.8%) rate increases and volume growth.
- Implemented base rate increases and infrastructure surcharges that together add roughly $41.3M in annual revenues across multiple states.
- Completed several water and wastewater acquisitions, including Greenville and Integra TX, and signed agreements for approximately $282M in add-on systems including DELCORA.
- Invested $662M year-to-date and outlined roughly $8.7B of planned capital spending for 2026–2030 targeting infrastructure, rehabilitation, IT and contaminant mitigation such as PFAS remediation.
- Operational costs increased due to more main breaks, higher medical and employee costs, and PFAS-related settlements; certain proceeds are being held pending regulatory treatment.
Original SEC Filing: Essential Utilities, Inc. [ WTRG ] - 10-Q - Aug. 05, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.