Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves.
Company profile
Ticker
WTRG
Exchange
Website
CEO
Christopher Franklin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AQUA AMERICA INC, PHILADELPHIA SUBURBAN CORP
SEC CIK
Corporate docs
Subsidiaries
Aqua Pennsylvania, Inc. • Aqua Resources, Inc. • Essential Utilities Services, Inc. • Aqua Services, Inc. • Aqua Infrastructure, LLC • Aqua Ohio, Inc. • Aqua Illinois, Inc. • Aqua New Jersey, Inc. • Aqua North Carolina, Inc. • Aqua Texas, Inc. ...
IRS number
231702594
WTRG stock data
Analyst ratings and price targets
Latest filings (excl ownership)
S-3ASR
Automatic shelf registration
12 May 23
10-Q
2023 Q1
Quarterly report
9 May 23
8-K
Essential Utilities Reports Financial Results for Q1 2023
9 May 23
8-K
Submission of Matters to a Vote of Security Holders
3 May 23
DEFA14A
Additional proxy soliciting materials
22 Mar 23
DEFA14A
Additional proxy soliciting materials
22 Mar 23
ARS
2022 FY
Annual report to shareholders
20 Mar 23
DEFA14A
Additional proxy soliciting materials
20 Mar 23
DEF 14A
Definitive proxy
20 Mar 23
10-K
2022 FY
Annual report
1 Mar 23
Transcripts
WTRG
Earnings call transcript
2023 Q1
9 May 23
WTRG
Earnings call transcript
2022 Q4
27 Feb 23
WTRG
Earnings call transcript
2022 Q3
8 Nov 22
WTRG
Earnings call transcript
2022 Q2
4 Aug 22
WTRG
Earnings call transcript
2022 Q1
9 May 22
WTRG
Earnings call transcript
2021 Q4
24 Feb 22
WTRG
Earnings call transcript
2021 Q3
1 Nov 21
WTRG
Earnings call transcript
2021 Q2
5 Aug 21
WTRG
Earnings call transcript
2021 Q1
6 May 21
WTRG
Earnings call transcript
2020 Q4
26 Feb 21
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 20.15 mm | 20.15 mm | 20.15 mm | 20.15 mm | 20.15 mm | 20.15 mm |
| Cash burn (monthly) | (no burn) | 3.18 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 6.18 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 13.97 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 4.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
69.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 620 |
| Opened positions | 60 |
| Closed positions | 76 |
| Increased positions | 205 |
| Reduced positions | 210 |
| 13F shares | Current |
|---|---|
| Total value | 8.06 tn |
| Total shares | 184.44 mm |
| Total puts | 45.00 k |
| Total calls | 119.20 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 30.13 mm | $1.32 tn |
| Vanguard | 26.93 mm | $1.18 tn |
| Canada Pension Plan Investment Board | 21.66 mm | $945.51 bn |
| STT State Street | 13.89 mm | $606.52 bn |
| Amundi | 7.10 mm | $311.82 bn |
| Pictet Asset Management | 5.43 mm | $237.11 bn |
| IVZ Invesco | 3.88 mm | $169.34 bn |
| NTRS Northern Trust | 3.48 mm | $151.83 bn |
| Geode Capital Management | 3.39 mm | $147.59 bn |
| BK Bank Of New York Mellon | 2.73 mm | $119.23 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 20 Mar 23 | Ruff Ellen T | Common Stock | Grant | Acquire A | No | No | 42.765 | 702 | 30.02 k | 28,265 |
| 20 Mar 23 | Hilferty Daniel J III | Common Stock | Grant | Acquire A | No | No | 42.765 | 702 | 30.02 k | 25,305 |
| 20 Mar 23 | Stewart Lee C | Common Stock | Grant | Acquire A | No | No | 42.765 | 702 | 30.02 k | 20,830 |
| 20 Mar 23 | Ciesinski David Alan | Common Stock | Grant | Acquire A | No | No | 42.765 | 702 | 30.02 k | 4,094 |
| 20 Mar 23 | Wilbert Bryan Lewis | Common Stock | Grant | Acquire A | No | No | 42.765 | 702 | 30.02 k | 1,293 |
News
Benzinga's Top Ratings Upgrades, Downgrades For May 18, 2023
18 May 23
Northcoast Research Downgrades Essential Utilities to Neutral
18 May 23
Wells Fargo Maintains Overweight on Essential Utilities, Lowers Price Target to $50
10 May 23
Essential Utilities Q1 EPS $0.72 Beats $0.71 Estimate, Sales $726.45M Beat $682.87M Estimate
8 May 23
Woodstock For Capitalists
8 May 23
Press releases
Essential Utilities Reports Financial Results for Q1 2023
8 May 23
Essential Utilities' Aqua Pennsylvania Agrees to Purchase Greenville Wastewater System for $18 Million
1 May 23
Essential Utilities Names Alicia Beauchamp to Lead Aqua Division's Environmental Laboratory
13 Apr 23
Essential Utilities Kicks Off Second Annual Earth Day 2023 as It Also Celebrates Its Third Anniversary
12 Apr 23
Essential Utilities to Report Earnings for Q1 2023
30 Mar 23