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Recap: Essential Utilities Q3 Earnings

Benzinga Insights
·1 min read

Shares of Essential Utilities (NYSE:WTRG) moved higher by 0.35% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 52.08% over the past year to $0.23, which were in line with the estimate of $0.23.

Revenue of $348,647,000 rose by 43.11% from the same period last year, which beat the estimate of $346,570,000.

Outlook

Essential Utilities Sees FY20 Adj. EPS At Top End Of $1.53-$1.58 Range vs $1.48 Est.

Technicals

52-week high: $54.52

View more earnings on WTRG

52-week low: $30.40

Price action over last quarter: down 7.09%

Company Description

Essential Utilities Inc is a U.S.-based holding company for regulated utilities providing water or wastewater services to states in the Midwest, East, and South. Aqua America's services include operating and maintenance contracts with municipal authorities, water repair services, and building water systems. The company derives the majority of its revenue from Pennsylvania, where it is headquartered. The firm derives the majority of its revenue from water services and secondarily from wastewater services. Aqua America has a diversified customer base, deriving most of its revenue from residential customers. The company also sells to commercial, fire protection, industrial, and wastewater customers.

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