Advertisement
- United States
- /
- Water Utilities
- /
- NYSE:WTRG
Essential Utilities First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Essential Utilities (NYSE:WTRG) First Quarter 2024 Results
Key Financial Results
- Revenue: US$612.1m (down 16% from 1Q 2023).
- Net income: US$265.8m (up 39% from 1Q 2023).
- Profit margin: 43% (up from 26% in 1Q 2023).
- EPS: US$0.97 (up from US$0.72 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Essential Utilities EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 25%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Water Utilities industry in the US.
Performance of the American Water Utilities industry.
The company's shares are up 4.7% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 4 warning signs for Essential Utilities you should be aware of, and 1 of them is a bit unpleasant.
Valuation is complex, but we're here to simplify it.
Discover if Essential Utilities might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:WTRG
Essential Utilities
Through its subsidiaries, operates regulated utilities that provide water, wastewater, and natural gas services in the United States.
Solid track record, good value and pays a dividend.
Similar Companies
Market Insights
Advertisement
Weekly Picks
WO
woodworthfund on MGP Ingredients ·
THE KINGDOM OF BROWN GOODS: WHY MGPI IS BEING CRUSHED BY INVENTORY & PRIMED FOR RESURRECTION
Fair Value:US$4034.1% undervalued
18 followersusers have followed this narrative
1 commentusers have commented on this narrative
4 likesusers have liked this narrative
DO
Double_Bubbler on Vertical Aerospace ·
Why Vertical Aerospace (NYSE: EVTL) is Worth Possibly Over 13x its Current Price
Fair Value:US$6090.0% undervalued
21 followersusers have followed this narrative
2 commentsusers have commented on this narrative
17 likesusers have liked this narrative
TI
TickerTickle on Oracle ·
The Quiet Giant That Became AI’s Power Grid
Fair Value:US$389.8142.8% undervalued
41 followersusers have followed this narrative
3 commentsusers have commented on this narrative
8 likesusers have liked this narrative
Recently Updated Narratives
MH
mhbb on Mastersystem Infotama ·
Mastersystem Infotama will achieve 18.9% revenue growth as fair value hits IDR1,650
Fair Value:Rp1.63k13.8% undervalued
1 followerusers have followed this narrative
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative
RO
Robbo on Procter & Gamble ·
Insiders Sell, Investors Watch: What’s Going On at PG?
Fair Value:US$1506.8% undervalued
1 followerusers have followed this narrative
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative
CW
Cwburton on Verano Holdings ·
Waiting for the Inevitable
Fair Value:CA$5.5278.8% undervalued
2 followersusers have followed this narrative
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative
Popular Narratives
TH
TheWallstreetKing on MicroVision ·
MicroVision will explode future revenue by 380.37% with a vision towards success
Fair Value:US$6098.5% undervalued
119 followersusers have followed this narrative
11 commentsusers have commented on this narrative
22 likesusers have liked this narrative
AN
AnalystConsensusTarget on NVIDIA ·
NVDA: Expanding AI Demand Will Drive Major Data Center Investments Through 2026
Fair Value:US$250.3926.6% undervalued
962 followersusers have followed this narrative
6 commentsusers have commented on this narrative
25 likesusers have liked this narrative
RO
RockeTeller on Santacruz Silver Mining ·
Crazy Undervalued 42 Baggers Silver Play (Active & Running Mine)
Fair Value:CA$8684.3% undervalued
77 followersusers have followed this narrative
8 commentsusers have commented on this narrative
21 likesusers have liked this narrative
Trending Discussion
OI
OilStates on Oil States International ·
This article is overall well written. However, to correct a few points and to highlight a few additional points: -The shift towards more stable long-cycle offshore and international projects does not increase volatility or exposure to short-cycle markets, quite the opposite. Offshore projects have a much longer investment cycle, duration, and low volatility given these are multi-decade assets. -The article notes a lack of exposure to renewables. Oil States has applied decades of experience in technologies for traditional oil & gas technologies into the renewables sector including transfer of fixed and floating offshore platform technologies into offshore wind, downhole perforating and well completions technologies into geothermal, along with over 50+ renewables projects completed. We are supportive of a broad energy mix, yet to meet growing global energy demand requires both traditional as well as lower carbon resources. Both elements as well as other industrial product orders continue to contribute to Oil States decade-high backlog, which provides significant future revenue visibility. -One of the main storylines not captured here is cash flow generation. 75% of Company revenues (up from 51% in 2022) now come from offshore and international work, which provides good margins. With the strength of the Offshore Manufactured Products business segment, the high-grading of U.S. domestic land activities to focus on higher margin business lines, free cash flow (a non-GAAP metric) has grown significantly ($70 million in free cash flow on a TTM basis as of Sept. 30, 2025). This is quite high for a Company at this market cap, which results in a higher free cash flow yield vs. peers. -Free cash is being used to repurchase shares, to pay down debt (nearing net-debt zero), and to increase returns to stockholders. More detail can be found in our latest investor presentation here: https://ir.oilstatesintl.com/events-and-presentations/default.aspx
0
|0