WTRG Q1 2023 Earnings — Essential Utilities, Inc. Revenue & Financial Results | Market Cap Arena

WTRGEssential Utilities, Inc.

$11B

Q1 2023 Earnings

Utilities Regulated Water

Income Statement

Revenue

$726M+3.9% YoY

Gross Profit

$332M45.7% margin

Operating Income

$225M31.0% margin

Net Income

$191M26.4% margin

EPS (Diluted)

$0.72

QoQ Revenue Growth

+3.0%

Cash Flow

Operating Cash Flow

$402M

Free Cash Flow

$158M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$15.8B

Total Liabilities

$10.3B

Stockholders' Equity

$5.5B

Cash & Equivalents

$20M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$726M	$699M	+3.9%
Gross Profit	$332M	$329M	+1.0%
Operating Income	$225M	$228M	-0.9%
Net Income	$191M	$199M	-4.0%

Revenue Segments

Natural Gas

$440M62%

Water

$215M30%

Wastewater

$45M6%

Other

$6M1%

Geographic Segments

T

$8M100%