Essential Utilities Inc. reported net income of $107.8 million, or $0.38 per share, for the second quarter ended June 30, 2025, compared favorably to $75.4 million, or $0.28 per share, in Q2 2024. Revenues for the quarter increased 18.5% to $514.9 million from $434.4 million in Q2 2024, driven by rate increases across both business segments and higher purchased gas costs.
For the first half of 2025, net income totaled $391.6 million, or $1.41 per share, on revenues of $1,298.5 million, a 24.1% increase year-over-year. The company reaffirmed its commitment to invest approximately $7.8 billion from 2025 through 2029 in infrastructure improvements, including over 320 PFAS-related projects.
Essential Utilities announced a 5.25% increase in its quarterly cash dividend to $0.3426 per share, payable September 2, 2025. The company also completed the $37.75 million acquisition of the City of Beaver Falls wastewater system in July 2025, adding 3,200 customers and 3,800 equivalent dwelling units.
The company has acquired systems serving approximately 10,300 customers for $58 million in 2025 thus far. It also has four signed purchase agreements for additional wastewater systems totaling approximately $301 million, including the $276.5 million DELCORA agreement.
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