Essential Utilities reported third quarter 2026 results characterized by steady growth in both water and natural gas segments, driven largely by regulatory recoveries and infrastructure surcharges. The company recorded GAAP net income of $103.8 million, or $0.36 per share, while adjusted earnings per share reached $0.38 after excluding transaction costs related to the pending American Water merger.
Key Highlights
- Infrastructure investment totaled $1.1 billion for the first nine months of 2026, keeping the company on track for its full-year $1.7 billion target.
- Regulated water segment revenues increased 4.5% to $380.6 million, supported by a larger customer base and recent regulatory approvals.
- Regulated natural gas segment revenues rose 13% to $122.6 million, primarily due to higher rates, surcharges, and increased purchased gas costs.