WTRG Q1 2024 Earnings — Essential Utilities, Inc. Revenue & Financial Results | Market Cap Arena

WTRGEssential Utilities, Inc.

$11B

Q1 2024 Earnings

Utilities Regulated Water

Income Statement

Revenue

$612M-15.7% YoY

Gross Profit

$345M56.4% margin

Operating Income

$231M37.7% margin

Net Income

$266M43.4% margin

EPS (Diluted)

$0.97

QoQ Revenue Growth

+27.7%

Cash Flow

Operating Cash Flow

$241M

Free Cash Flow

-$12M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$17.1B

Total Liabilities

$11.0B

Stockholders' Equity

$6.1B

Cash & Equivalents

$35M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$612M	$726M	-15.7%
Gross Profit	$345M	$332M	+4.0%
Operating Income	$231M	$225M	+2.3%
Net Income	$266M	$191M	+38.8%

Revenue Segments

Natural Gas

$323M54%

Water

$228M38%

Wastewater

$49M8%

Other

$3M0%