MARKETS / NYSE / WTRG

NYSE · WATER SUPPLY · LARGE CAP

Essential Utilities, Inc. WTRG

19 fiscal years on record · USD · FY2025 reported · SEC filings only

3 YEARS OF DIVIDEND GROWTH

Revenue

$2.5B

▲ 18.6% YoY

Net income

$616.4M

▲ 3.5% YoY

In brief

What this company does

Essential Utilities, Inc. is the holding company for regulated utilities providing water, wastewater, or natural gas services to an estimated 5.5 million people in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, and Kentucky under the Aqua and Peoples brands. As of December 31, 2025, the company employed a total of 3,303 full-time employees. The Company has identified eleven operating segments and has two reportable segments, the Regulated Water segment and the Regulated Natural Gas segment. The Regulated Water segment is comprised of eight operating segments for the Company's water and wastewater regulated utility companies, aligned with the states where they provide these services. Aqua Pennsylvania, Inc. accounted for approximately 57% of operating revenues and approximately 72% of income for the Regulated Water segment in 2025. The Regulated Natural Gas segment is comprised of one operating segment representing natural gas utility companies, for which the Company provides natural gas distribution services.

Written from the business description in Essential Utilities, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.5B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 2.5 · Net income 0.6

Compound annual growth

Revenue

+2.6%

+11.1%

+11.8%

+9.3%

Net income

+9.8%

+16.7%

+11.8%

+11.3%

EPS, diluted

+7.5%

+14.5%

+6.8%

+7.7%

Dividend / share

+67.0%

+6.6%

+6.9%

+7.2%

Returned to shareholders

+9.0%

+9.7%

+9.9%

+10.7%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +11.1% a year over five years — but profit grew faster: net income at +16.7%, earnings per share at +14.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

25 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 37.2% · Net 24.9%

ROE

FY2025 · ROE 9.4%

Gross margin—

Operating margin37.2%

Net margin24.9%

Return on assets3.3%

EBITDAUSD 1.3B

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders

USD 373.8M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2018 · FCF -127.2

Net buybacks $M Dividends $M

FY2025 · Dividends 373.8 · Net buybacks -13.0

Dividends paidUSD 373.8M

Net buybacksUSD -13.0M

Share of profit60.6%

Consecutive raises3 years

USD 373.8M in dividends — 61% of the year's profit went back to shareholders.

Total assetsUSD 19.5B

EquityUSD 6.9B

CashUSD 34.8M

Gross debtUSD 8.1B

Net debtUSD 8.1B

Current ratio0.80×

Net debt stands at 118% of equity.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	2.5	2.1	2.1	2.3	1.9	1.5	0.9	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.7	0.7	0.6	0.6	0.6
Operating income $B	0.9	0.8	0.7	0.7	0.6	0.4	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.2	0.2	·
EBITDA $B	1.3	1.1	1.0	1.0	0.9	0.7	0.5	0.5	0.5	0.5	0.4	0.4	0.4	0.4	0.4	0.4	0.3	0.3	·
Income tax $B	0.0	−0.0	−0.1	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1
Net income $B	0.6	0.6	0.5	0.5	0.4	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1
Free cash flow $B	·	·	·	·	·	·	·	−0.1	−0.1	0.0	0.0	0.0	0.1	0.0	0.0	−0.1	−0.0	−0.0	−0.0
EPS, diluted $	2.20	2.17	1.86	1.77	1.67	1.12	1.04	1.08	1.35	1.32	1.14	1.31	1.25	1.12	0.83	0.72	0.61	0.73	0.71
Dividend / sh $	1.34	0.33	0.31	0.29	1.04	0.97	0.91	0.85	0.79	0.74	0.69	0.63	0.58	0.54	0.50	0.47	0.44	0.51	0.48
Payout %	61	58	64	62	60	82	84	79	59	56	60	48	46	48	61	65	72	70	67
ROE %	9.4	9.8	8.8	8.8	8.7	6.7	7.6	9.7	12.6	13.1	11.9	14.6	15.2	14.9	11.8	10.9	9.6	9.6	9.7
Shares out B	·	·	·	·	·	·	·	·	0.18	0.18	0.18	0.18	0.18	0.18	0.17	0.17	0.17	0.14	0.13

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Essential Utilities, Inc.vsAmerican Water Works Company, Inc.Same industry: Water Supply Essential Utilities, Inc.vsCalifornia Water Service GroupSame industry: Water Supply Essential Utilities, Inc.vsH2O AmericaSame industry: Water Supply Essential Utilities, Inc.vsMiddlesex Water Co.Same industry: Water Supply Essential Utilities, Inc.vsAmerican States Water Co.Same industry: Water Supply Essential Utilities, Inc.vsConsolidated Water Co. Ltd.Same industry: Water Supply Essential Utilities, Inc.vsArtesian Resources Corp.Same industry: Water Supply

Provenance

Company facts, as filed

How we verify · 0 failures in 64 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityWater Supply

Listed onNYSE

Incorporated inPennsylvania

Fiscal year endsDecember 31

Data on record since2007