Essential Utilities, Inc.
For the period ended Mar 31, 2025. Filed May 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 12, 2025
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Consolidated Results of Operations
Consolidated financial and operational highlights for the periods ended March 31, 2025 and 2024 are presented below.
| Three Months Ended March 31, | ||||
|---|---|---|---|---|
| 2025 | 2024 | Increase (Decrease) | % change | |
| Operating revenues | $783,626 | $612,069 | $171,557 | 28.0% |
| Operations and maintenance expense | $137,824 | $136,900 | $924 | 0.7% |
| Purchased gas | $184,641 | $129,675 | $54,966 | 42.4% |
| Net income | $283,789 | $265,772 | $18,017 | 6.8% |
| Operating Statistics | ||||
| Selected operating results as a percentage of operating revenues: | ||||
| Operations and maintenance | 17.6% | 22.4% | ||
| Purchased gas | 23.6% | 21.2% | ||
| Depreciation and amortization | 12.7% | 14.7% | ||
| Taxes other than income taxes | 2.9% | 4.1% | ||
| Interest expense, net of interest income | 10.4% | 11.8% | ||
| Net income | 36.2% | 43.4% | ||
| Effective tax rate | -7.8% | -4.2% | ||
Consolidated operating revenues increased by $171,557 or 28.0% as compared to the same period in 2024. Revenues from our Regulated Water, Regulated Natural Gas, and Other segments increased by $20,954, $146,466, and $4,137, respectively. A detailed discussion of the factors contributing to the changes in segment revenue is included below under the section, Segment Results of Operations.
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