Essential Utilities (WTRG) financial statements
Essential Utilities reported revenue of $2.5B in fiscal 2025, up 13.1% a year over 9 years.
Net income was $616M and the operating margin 37.2%, against 40.7% in 2016.
The diluted share count rose 58% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Essential Utilities's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $820M | $810M | $838M | $890M | $1.5B | $1.9B | $2.3B | $2.1B | $2.1B | $2.5B |
| Operating income | $333M | $334M | $323M | $340M | $435M | $603M | $661M | $692M | $758M | $921M |
| Interest expense | $81M | $89M | $99M | $125M | $188M | $208M | $238M | $283M | $302M | $329M |
| Pre-tax income | $255M | $257M | $178M | $212M | $265M | $422M | $451M | $432M | $573M | $620M |
| Income tax | $21M | $17M | -$14M | -$13M | -$20M | -$10M | -$14M | -$66M | -$22M | $3M |
| Net income | $234M | $240M | $192M | $225M | $285M | $432M | $465M | $498M | $595M | $616M |
| EPS (diluted) | $1.32 | $1.35 | $1.08 | $1.04 | $1.12 | $1.67 | $1.77 | $1.86 | $2.17 | $2.20 |
| Diluted shares | 178M | 178M | 178M | 216M | 255M | 258M | 263M | 268M | 274M | 281M |
| Operating margin | 40.7% | 41.2% | 38.6% | 38.2% | 29.7% | 32.1% | 28.9% | 33.7% | 36.3% | 37.2% |
| Net margin | 28.6% | 29.6% | 22.9% | 25.2% | 19.5% | 23.0% | 20.3% | 24.3% | 28.5% | 24.9% |
Balance sheet
Fiscal years, from Essential Utilities's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $4M | $4M | $4M | $1.9B | $5M | $11M | $11M | $5M | $9M | $35M |
| Receivables | $97M | $99M | $66M | $67M | $155M | $141M | $206M | $144M | $167M | $217M |
| Inventory | $13M | $14M | $16M | $18M | — | — | — | — | — | — |
| Total current assets | $129M | $131M | $147M | $2.0B | $380M | $438M | $658M | $492M | $486M | $610M |
| Property, plant and equipment | $5.0B | $5.4B | $5.9B | $6.3B | $9.5B | $10.3B | $11.1B | $12.1B | $13.1B | $14.3B |
| Goodwill | $42M | $42M | $53M | $64M | $2.3B | $2.3B | $2.3B | $2.3B | $2.3B | $2.3B |
| Total assets | $6.2B | $6.3B | $7.0B | $9.4B | $13.7B | $14.7B | $15.7B | $16.8B | $18.0B | $19.5B |
| Total current liabilities | $302M | $284M | $399M | $323M | $604M | $675M | $1.0B | $798M | $975M | $764M |
| Long-term debt | $1.7B | $2.0B | $2.4B | $2.9B | $5.5B | $5.8B | $6.4B | $6.8B | $7.4B | $8.1B |
| Total liabilities | $4.3B | $4.4B | $5.0B | $5.5B | $9.0B | $9.5B | $10.3B | $10.9B | $11.8B | $12.6B |
| Shareholders' equity | $1.9B | $2.0B | $2.0B | $3.9B | $4.7B | $5.2B | $5.4B | $5.9B | $6.2B | $6.9B |
| Net debt | $1.9B | $2.1B | $2.5B | $1.2B | $5.6B | $5.9B | $6.6B | $6.9B | $7.5B | $8.1B |
Cash flow
Fiscal years, from Essential Utilities's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $396M | $381M | $369M | $339M | $508M | $645M | $600M | $934M | $770M | $1.0B |
| Capital spending | $383M | $478M | $496M | — | — | — | — | — | — | — |
| Free cash flow | $13M | -$97M | -$127M | — | — | — | — | — | — | — |
| Stock-based compensation | $5M | $6M | $8M | $7M | $8M | $10M | $12M | $11M | $10M | $13M |
| Dividends paid | $131M | $141M | $151M | $189M | $233M | $259M | $289M | $317M | $346M | $374M |
| Share buybacks (net) | -$3M | -$2M | -$3M | -$2M | -$4M | -$3M | -$1M | -$4M | -$4M | -$2M |
| Net borrowing | $120M | $229M | $430M | $396M | $1.4B | $312M | $833M | $263M | $648M | -$36M |
| Free cash flow margin | 1.6% | -12.0% | -15.2% | — | — | — | — | — | — | — |
| Dividends per share | $0.74 | $0.79 | $0.84 | $0.87 | $0.91 | $1.00 | $1.10 | $1.18 | $1.26 | $1.33 |
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What was Essential Utilities's revenue in 2025?
$2.5B in fiscal 2025, from its 10-K filing.
From Essential Utilities's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.