Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Cover [Abstract] | |
Document Type | DEF 14A |
Entity Registrant Name | ESSENTIAL UTILITIES, INC. |
Entity Central Index Key | 0000078128 |
Amendment Flag | false |
Pay vs Performance Disclosure
Pay vs Performance Disclosure | 12 Months Ended | |||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | ||
Pay vs Performance Disclosure [Table] | ||||
Pay vs Performance [Table Text Block] | (1) (1) (1) (2) (3) (4) Value of Initial Fixed $100 Investment Based on: Fiscal Summary Compensation Table Total for PEO (1) (b) Compensation Actually Paid to PEO (1)(2) (c) Average Summary Compensation Table Total for non-PEO NEOs (1) Average Compensation Actually Paid to non-PEO NEOs (1)(2) Total Shareholder Return Peer Group Total Shareholder Return (3) (g) Net Income Adjusted S (4) (i) 2022 $4,569,047 $4,579,810 $1,569,825 $1,131,942 $108.77 $102.99 $465,237,000 $1.81 2021 $5,339,716 $5,944,071 $1,488,288 $1,779,964 $119.44 $103.14 $431,612,000 $1.80 2020 $7,173,359 $5,496,122 $1,770,429 $1,814,639 $102.93 $ 86.13 $284,849,000 $1.67 | |||
Named Executive Officers, Footnote [Text Block] | Our principal executive officer (PEO) for 2020-2022 is Mr. Franklin | |||
Peer Group Issuers, Footnote [Text Block] | The Peer Group for which Total Shareholder Return is provided in column (g) is the S&P Midcap 400 Utilities Index. | |||
PEO Total Compensation Amount | [1] | $ 4,569,047 | $ 5,339,716 | $ 7,173,359 |
PEO Actually Paid Compensation Amount | 4,579,810 | 5,944,071 | 5,496,122 | |
Non-PEO NEO Average Total Compensation Amount | [1] | 1,569,825 | 1,488,288 | 1,770,429 |
Non-PEO NEO Average Compensation Actually Paid Amount | [1],[2] | $ 1,131,942 | 1,779,964 | 1,814,639 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | The non-principal executive officers (Non-PEO) reflected in columns (d) and (e) include the following individuals: Mr. Schuller (2020-2022), Mr. Fox (2020-2022), Mr. Rhodes (2020-2022), Mr. Luning (2020-2022), and Ms. Arnold (2022). | |||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | ||||
Compensation Actually Paid vs. Net Income [Text Block] | ||||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | ||||
Tabular List [Table Text Block] | Tabular List of Most Important Performance Measures The five items listed below represent the most important performance metrics we used to determine CAP for FY2022 as further described in our Compensation Discussion and Analysis (CD&A) within the sections titled “Short-Term Incentive Awards” and “Long-Term Equity Incentive Awards.” Most Important Performance Measures · Adjusted EPS · Return on Equity · Relative TSR · Operations & Maintenance Measures · Rate Base Growth | |||
Total Shareholder Return Amount | $ 108.77 | 119.44 | 102.93 | |
Peer Group Total Shareholder Return Amount | [3] | 102.99 | 103.14 | 86.13 |
Net Income (Loss) | $ 465,237,000 | $ 431,612,000 | $ 284,849,000 | |
Company Selected Measure Amount | [4] | 1.81 | 1.80 | 1.67 |
PEO Name | Mr. Franklin | |||
Measure [Axis]: 1 | ||||
Pay vs Performance Disclosure [Table] | ||||
Measure Name | Adjusted EPS | |||
Measure [Axis]: 2 | ||||
Pay vs Performance Disclosure [Table] | ||||
Measure Name | Return on Equity | |||
Measure [Axis]: 3 | ||||
Pay vs Performance Disclosure [Table] | ||||
Measure Name | Relative TSR | |||
Measure [Axis]: 4 | ||||
Pay vs Performance Disclosure [Table] | ||||
Measure Name | Operations & Maintenance Measures | |||
Measure [Axis]: 5 | ||||
Pay vs Performance Disclosure [Table] | ||||
Measure Name | Rate Base Growth | |||
PEO [Member] | Change in Actuarial Present Value of Pension Plans Reported in Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | $ 0 | $ (1,096,773) | $ (3,008,515) | |
PEO [Member] | Service Cost of Pension in Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 138,759 | 145,149 | 105,108 | |
PEO [Member] | Prior Service Cost of Pension in Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 0 | 0 | 0 | |
PEO [Member] | Grant Date Fair Value of Stock Awards Granted in Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (2,384,982) | (2,144,852) | (2,053,175) | |
PEO [Member] | Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 3,584,530 | 3,173,125 | 2,677,987 | |
PEO [Member] | Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (1,114,238) | 913,795 | 341,454 | |
PEO [Member] | Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 0 | 0 | 0 | |
PEO [Member] | Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (408,431) | (513,508) | 144,032 | |
PEO [Member] | Fair Value as of Prior Fiscal Year-End of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 0 | 0 | 0 | |
PEO [Member] | Dividends Accrued During Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 195,125 | 127,419 | 115,872 | |
Non-PEO NEO [Member] | Change in Actuarial Present Value of Pension Plans Reported in Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (279,211) | (169,224) | (343,844) | |
Non-PEO NEO [Member] | Service Cost of Pension in Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 68,366 | 87,452 | 63,474 | |
Non-PEO NEO [Member] | Prior Service Cost of Pension in Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 0 | 0 | 0 | |
Non-PEO NEO [Member] | Grant Date Fair Value of Stock Awards Granted in Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (497,732) | (505,411) | (615,185) | |
Non-PEO NEO [Member] | Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 558,334 | 747,714 | 813,607 | |
Non-PEO NEO [Member] | Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (175,708) | 231,197 | 82,955 | |
Non-PEO NEO [Member] | Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 56,413 | 0 | 0 | |
Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (135,957) | (131,958) | 13,391 | |
Non-PEO NEO [Member] | Fair Value as of Prior Fiscal Year-End of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (68,996) | 0 | 0 | |
Non-PEO NEO [Member] | Dividends Accrued During Fiscal Year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | $ 36,609 | $ 31,907 | $ 29,810 | |
[1] Our principal executive officer (PEO) for 2020-2022 is Mr. Franklin The non-principal executive officers (Non-PEO) reflected in columns (d) and (e) include the following individuals: Mr. Schuller (2020-2022), Mr. Fox (2020-2022), Mr. Rhodes (2020-2022), Mr. Luning (2020-2022), and Ms. Arnold (2022). The Peer Group for which Total Shareholder Return is provided in column (g) is the S&P Midcap 400 Utilities Index. |