Essential Utilities Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Essential Utilities Inc reported revenue of $2.5B (+18.6% year on year) and net income of $616.4M (+3.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Operating revenues | $2.5B | $2.1B | $2.1B | $2.3B |
| Operations and maintenance | $639.6M | $587.3M | $575.5M | $613.6M |
| Purchased gas | $403.8M | $277.0M | $352.3M | $602.0M |
| Depreciation Expense | $403.2M | $363.9M | $338.7M | $315.8M |
| Goodwill Impairment | $14.3M | $5.6M | $5.0M | $5.4M |
| Taxes other than income taxes | $92.8M | $94.6M | $90.2M | $90.0M |
| Total operating expenses | $1.6B | $1.3B | $1.4B | $1.6B |
| Operating income | $921.0M | $757.7M | $692.1M | $661.2M |
| Interest expense | $329.1M | $302.5M | $283.4M | $238.1M |
| Interest income | ($1.7M) | ($3.3M) | ($3.4M) | ($3.7M) |
| Allowance for funds used during construction | ($26.3M) | ($21.3M) | ($17.0M) | ($23.7M) |
| Gain on sale of other assets | ($1.3M) | ($92.2M) | ($65.0K) | ($991.0K) |
| Other | $1.3M | ($1.4M) | ($2.6M) | $494.0K |
| Income before income taxes | $619.8M | $573.5M | $431.8M | $450.9M |
| Income tax expense (benefit) | $3.4M | ($21.8M) | ($66.4M) | ($14.3M) |
| Net income | $616.4M | $595.3M | $498.2M | $465.2M |
| Comprehensive income | $616.4M | $595.3M | $498.2M | $465.2M |
| Basic | $2.20 | $2.17 | $1.86 | $1.77 |
| Diluted | $2.20 | $2.17 | $1.86 | $1.77 |
| Basic | 280.1M | 273.9M | 267.2M | 262.2M |
| Diluted | 280.6M | 274.4M | 267.7M | 262.9M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Operating revenues | $530.9M | $861.8M | $477.0M | $514.9M |
| Operations and maintenance | $153.6M | $175.8M | $153.1M | $148.5M |
| Purchased gas | $46.2M | $238.6M | $22.5M | $56.7M |
| Depreciation Expense | $109.6M | $107.1M | $103.3M | $99.5M |
| Goodwill Impairment | $3.7M | $3.6M | $3.7M | $4.0M |
| Taxes other than income taxes | $24.5M | $26.0M | $24.5M | $20.9M |
| Total operating expenses | $337.6M | $551.1M | $307.2M | $329.6M |
| Operating income | $193.3M | $310.6M | $169.8M | $185.3M |
| Interest expense | $89.1M | $87.3M | $82.3M | $79.8M |
| Interest income | ($510.0K) | ($1.6M) | ($1.1M) | ($301.0K) |
| Allowance for funds used during construction | ($5.7M) | ($5.8M) | ($6.2M) | ($7.0M) |
| Other, net | $1.3M | ($75.0K) | ($1.4M) | $647.0K |
| Income before income taxes | $109.1M | $230.8M | $96.4M | $112.4M |
| Income tax expense (benefit) | $3.4M | $6.4M | $4.3M | $4.6M |
| Net income | $105.7M | $224.4M | $92.1M | $107.8M |
| Comprehensive income | $105.7M | $224.4M | $92.1M | $107.8M |
| Basic | $0.37 | $0.79 | $0.33 | $0.38 |
| Diluted | $0.37 | $0.79 | $0.33 | $0.38 |
| Basic | 283.7M | 283.2M | 281.8M | 280.3M |
| Diluted | 284.1M | 283.6M | 282.3M | 280.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Property, plant and equipment, at cost | $17.7B | $16.3B | $15.0B | $13.7B |
| Less: accumulated depreciation | $3.4B | $3.1B | $2.9B | $2.6B |
| Net property, plant and equipment | $14.3B | $13.1B | $12.1B | $11.1B |
| Cash and cash equivalents | $34.8M | $9.2M | $4.6M | $11.4M |
| Accounts receivable, net | $217.2M | $166.5M | $144.3M | $206.3M |
| Unbilled revenues | $167.1M | $142.3M | $101.4M | $170.5M |
| Inventory - materials and supplies | $51.8M | $48.6M | $47.5M | $46.6M |
| Inventory - gas stored | $60.7M | $45.3M | $65.2M | $153.1M |
| Prepayments and other current assets | $59.1M | $41.1M | $99.9M | $39.8M |
| Regulatory assets | $19.8M | $32.9M | $29.1M | $19.3M |
| Total current assets | $610.4M | $485.9M | $492.0M | $658.2M |
| Regulatory assets | $2.1B | $1.9B | $1.8B | $1.3B |
| Deferred charges and other assets, net | $122.2M | $112.7M | $102.4M | $166.7M |
| Investment in joint venture | $8.1B | $7.6B | — | — |
| Funds restricted for construction activity | $1.4M | $1.4M | $1.4M | $1.3M |
| Goodwill | $2.3B | $2.3B | $2.3B | $2.3B |
| Operating lease right-of-use assets | $25.9M | $31.3M | $37.4M | $41.7M |
| Deferred income tax asset | $82.2M | $135.0M | — | — |
| Intangible assets | $3.0M | $3.3M | $3.6M | $4.6M |
| Total assets | $19.5B | $18.0B | $16.8B | $15.7B |
| Common stock at $0.50 par value, authorized 600,000,000 shares, issued 286,505,895 and 278,209,660 as of December 31, 2025 and December 31, 2024 | 143.3M | 139.1M | 138.3M | 133.5M |
| Capital in excess of par value | $4.5B | $4.2B | $4.1B | $3.8B |
| Retained earnings | $2.3B | $1.9B | $1.7B | $1.5B |
| Treasury stock, at cost, 3,423,086 and 3,386,069 shares as of December 31, 2025 and December 31, 2024 | -91.0M | -89.6M | -86.5M | -83.7M |
| Total stockholders' equity | $6.9B | $6.2B | $5.9B | $5.4B |
| Long-term debt, excluding current portion | $8.2B | $7.4B | $6.9B | $6.4B |
| Less: debt issuance costs | $49.9M | $47.9M | $44.5M | $47.0M |
| Long-term debt, excluding current portion, net of debt issuance costs and unamortized discount on debt | $8.1B | $7.4B | $6.8B | $6.4B |
| Current portion of long-term debt | $21.8M | $142.8M | $67.4M | $199.4M |
| Loans payable | $150.1M | $186.5M | $160.1M | $228.5M |
| Accounts Payable | $276.1M | $258.6M | $221.2M | $238.8M |
| Book overdraft | $25.5M | $47.7M | $13.4M | $28.7M |
| Accrued interest | $82.5M | $72.3M | $53.1M | $47.1M |
| Accrued Income Taxes | $28.7M | $38.2M | $40.6M | $34.4M |
| Regulatory liabilities | $11.2M | $1.8M | $31.3M | $35.3M |
| Other accrued liabilities | $168.6M | $137.3M | $126.9M | $130.7M |
| Total current liabilities | $764.5M | $974.7M | $797.9M | $1.0B |
| Deferred Tax Liabilities, Current | $2.1B | $1.8B | $1.6B | $1.3B |
| Customers' advances for construction | $115.5M | $113.3M | $128.8M | $114.7M |
| Regulatory liabilities | $703.3M | $764.7M | $820.9M | $778.8M |
| Operating lease liabilities | $21.6M | $27.4M | $34.4M | $37.7M |
| Pension and other postretirement benefit liabilities | $15.2M | $33.7M | $38.9M | $31.2M |
| Other | $60.8M | $23.9M | $24.1M | $28.6M |
| Total deferred credits and other liabilities | $3.0B | $2.8B | $2.7B | $2.3B |
| Contributions in aid of construction | $726.2M | $688.8M | $645.1M | $610.3M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Property, plant and equipment, at cost | $18.4B | $17.9B | $17.3B | $16.9B |
| Less: accumulated depreciation | $3.6B | $3.5B | $3.4B | $3.3B |
| Net property, plant and equipment | $14.7B | $14.4B | $13.9B | $13.6B |
| Cash and cash equivalents | $8.6M | $75.9M | $6.4M | $25.1M |
| Accounts Receivable | $207.8M | $287.3M | $154.7M | $198.5M |
| Unbilled revenues | $97.7M | $131.2M | $88.3M | $82.3M |
| Inventory - materials and supplies | $55.8M | $56.4M | $52.0M | $51.1M |
| Inventory - gas stored | $39.9M | $15.7M | $71.6M | $39.4M |
| Other Non-Operating Current Assets | $33.5M | $36.2M | $28.2M | $29.4M |
| Regulatory assets | $21.9M | $19.7M | $32.4M | $13.6M |
| Total current assets | $465.3M | $622.6M | $433.6M | $439.4M |
| Regulatory assets | $2.2B | $2.2B | $2.1B | $2.1B |
| Deferred charges and other assets, net | $126.9M | $123.3M | $128.4M | $103.4M |
| Funds restricted for construction activity | $1.5M | $1.5M | $1.4M | $1.4M |
| Goodwill | $2.3B | $2.3B | $2.3B | $2.3B |
| Operating lease right-of-use assets | $23.7M | $24.7M | $27.2M | $28.5M |
| Intangible assets | $2.8M | $2.9M | $3.0M | $3.1M |
| Total assets | $19.9B | $19.8B | $18.9B | $18.6B |
| Common stock at $0.50 par value, authorized 600,000,000 shares, issued 287,261,673 and 286,505,895 as of June 30, 2026 and December 31, 2025 | 143.6M | 143.4M | 143.2M | 142.0M |
| Capital in excess of par value | $4.6B | $4.5B | $4.5B | $4.4B |
| Retained earnings | $2.4B | $2.3B | $2.2B | $2.2B |
| Treasury stock, at cost, 3,488,132 and 3,423,086 shares as of June 30, 2026 and December 31, 2025 | -93.5M | -93.7M | -91.2M | -91.4M |
| Total stockholders' equity | $7.0B | $6.9B | $6.8B | $6.7B |
| Long-term debt, excluding current portion | $8.5B | $8.4B | $7.7B | $7.7B |
| Less: debt issuance costs and unamortized discount on debt | $52.7M | $53.8M | $50.1M | $46.8M |
| Long-term debt, excluding current portion, net of debt issuance costs and unamortized discount on debt | $8.4B | $8.4B | $7.7B | $7.6B |
| Current portion of long-term debt | $42.3M | $26.5M | $135.8M | $132.1M |
| Loans payable | $41.0M | $35.6M | $96.4M | $18.0M |
| Accounts Payable | $198.9M | $172.0M | $197.3M | $198.1M |
| Book overdraft | $14.9M | $11.9M | $29.2M | $5.5M |
| Accrued interest | $89.7M | $92.4M | $92.8M | $72.2M |
| Accrued Income Taxes | $27.0M | $30.0M | $27.2M | $24.5M |
| Regulatory liabilities | $16.5M | $21.8M | $740.0K | $1.7M |
| Other accrued liabilities | $168.6M | $167.2M | $148.8M | $146.7M |
| Total current liabilities | $599.0M | $654.4M | $728.1M | $598.8M |
| Deferred Tax Liabilities, Current | $2.2B | $2.2B | $2.0B | $2.0B |
| Customers' advances for construction | $118.4M | $118.4M | $117.4M | $113.3M |
| Regulatory liabilities | $709.4M | $709.6M | $720.5M | $721.5M |
| Operating lease liabilities | $18.7M | $20.1M | $23.0M | $24.5M |
| Pension and other postretirement benefit liabilities | $14.9M | $15.4M | $36.0M | $36.7M |
| Other | $71.6M | $62.7M | $53.5M | $23.5M |
| Total deferred credits and other liabilities | $3.2B | $3.1B | $3.0B | $2.9B |
| Contributions in aid of construction | $729.1M | $725.1M | $694.9M | $690.8M |
| Total liabilities and equity | $19.9B | $19.8B | $18.9B | $18.6B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $616.4M | $595.3M | $498.2M | $465.2M |
| Depreciation and amortization | $417.5M | $369.6M | $343.7M | $321.2M |
| Deferred income taxes | ($3.2M) | ($27.8M) | ($79.8M) | ($23.0M) |
| Provision for Doubtful Accounts (CF) | $22.2M | $21.9M | $23.2M | $27.6M |
| Stock-based compensation | $12.9M | $9.8M | $11.3M | $12.2M |
| Gain on sale of utility systems and other assets | ($1.3M) | ($92.2M) | ($65.0K) | — |
| Net change in receivables, deferred purchased gas costs, inventory and prepayments | ($85.4M) | ($103.3M) | $190.0M | ($223.3M) |
| Net change in payables, accrued interest, accrued taxes and other accrued liabilities | $14.3M | $27.0M | ($14.6M) | $53.8M |
| Pension and other postretirement benefits contributions | ($3.9M) | ($9.4M) | ($20.3M) | ($22.0M) |
| Other, net | $21.1M | ($20.4M) | ($18.0M) | ($10.3M) |
| Net cash flows from operating activities | $1.0B | $770.3M | $933.6M | $600.3M |
| Property, plant and equipment additions, including the debt component of allowance for funds used during construction of $7,975, $7,372 and $5,241 | ($1.4B) | ($1.3B) | ($1.2B) | ($1.1B) |
| Acquisitions of utility systems, net | ($57.0M) | ($665.0K) | ($45.3M) | ($116.9M) |
| Increase in investment in subsidiaries | ($84.6M) | ($104.0M) | — | — |
| Proceeds from the sale of utility systems and other assets | $1.5M | $167.5M | $41.8M | $1.1M |
| Convertible note investment | ($25.1M) | — | — | — |
| Other, net | ($183.0K) | ($339.0K) | ($19.1M) | $271.0K |
| Net cash flows used in investing activities | ($1.5B) | ($1.2B) | ($1.2B) | ($1.2B) |
| Customers' advances and contributions in aid of construction | $28.3M | $19.6M | $24.0M | $11.7M |
| Repayments of customers' advances | ($8.1M) | ($8.6M) | ($8.5M) | ($5.0M) |
| Net proceeds (repayments) of short-term debt | ($36.4M) | $26.4M | ($68.4M) | $163.5M |
| Net proceeds from commercial paper program | $567.4M | — | — | — |
| Proceeds from other long-term debt | $1.3B | — | — | — |
| Repayments of other long-term debt | ($1.3B) | — | — | — |
| Change in cash overdraft position | ($22.2M) | $34.4M | ($15.3M) | ($53.0M) |
| Stock Repurchases (Issuances) | $15.3M | $15.5M | $16.0M | — |
| Proceeds from issuance of common stock from at-the-market sale agreement | $300.1M | $36.1M | $323.0M | $63.0M |
| Proceeds from exercised stock options | $956.0K | $2.5M | $287.0K | $2.5M |
| Repurchase of common stock | ($2.3M) | ($4.0M) | ($4.0M) | ($1.2M) |
| Dividends paid on common stock | ($373.8M) | ($346.4M) | ($316.8M) | ($288.6M) |
| Other, net | $566.0K | ($5.0K) | ($171.0K) | ($230.0K) |
| Net cash flows from financing activities | $525.9M | $397.5M | $281.4M | $578.8M |
| Net change in cash and cash equivalents | $25.6M | $4.5M | ($6.8M) | $831.0K |
| Cash and cash equivalents at beginning of year | $9.2M | $4.6M | $11.4M | $10.6M |
| Cash and cash equivalents at end of year | $34.8M | $9.2M | $4.6M | $11.4M |
| Interest, net of amounts capitalized | $310.9M | $275.9M | $272.5M | $225.8M |
| Income taxes | $9.1M | $6.7M | $7.8M | $11.3M |
| Capital Expenditures | $145.0M | $135.3M | $102.8M | $102.1M |
| Non-cash utility property contributions | $34.3M | $38.8M | $56.3M | $35.7M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $330.1M | $224.4M | $483.7M | $391.6M |
| Depreciation and amortization | $224.0M | $110.7M | $310.0M | $202.9M |
| Deferred income taxes | $5.0M | $4.4M | ($15.6M) | ($16.7M) |
| Provision for Doubtful Accounts (CF) | $9.3M | $3.9M | $14.8M | $8.6M |
| Stock-based compensation | $7.2M | $2.7M | $11.8M | $6.9M |
| Gain on sale of utility system and other assets | ($939.0K) | $523.0K | ($669.0K) | ($493.0K) |
| Net change in receivables, deferred purchased gas costs, inventory and prepayments | $81.1M | $3.3M | $14.1M | $35.9M |
| Net change in payables, accrued interest, accrued taxes and other accrued liabilities | ($65.4M) | ($80.2M) | ($29.9M) | ($44.1M) |
| Other, net | ($1.5M) | ($4.3M) | $20.0M | ($12.9M) |
| Net cash flows from operating activities | $589.0M | $265.4M | $804.3M | $571.8M |
| Property, plant and equipment additions, including the debt component of allowance for funds used during construction of $3,597 and $4,145 | ($662.2M) | ($269.2M) | ($983.1M) | ($612.6M) |
| Acquisitions of utility systems, net | ($23.2M) | ($18.2M) | ($57.0M) | ($20.5M) |
| Proceeds from the sale of utility systems and other assets | $983.0K | $39.0K | $805.0K | $537.0K |
| Convertible note investment | $20.0M | $20.0M | ($22.4M) | — |
| Other, net | ($1.6M) | ($47.0K) | ($286.0K) | ($201.0K) |
| Net cash flows used in investing activities | ($666.0M) | ($267.5M) | ($1.1B) | ($632.8M) |
| Customers' advances and contributions in aid of construction | $17.5M | $9.7M | $15.4M | $10.2M |
| Repayments of customers' advances | ($2.0M) | ($518.0K) | ($3.7M) | ($2.2M) |
| Net repayments of short-term debt | ($109.1M) | ($114.6M) | ($90.2M) | ($168.5M) |
| Net repayments (proceeds) from commercial paper program | ($183.3M) | ($253.0M) | — | — |
| Proceeds from other long-term debt | $521.5M | $510.1M | $1.3B | $985.7M |
| Repayments of other long-term debt | ($7.0M) | ($813.0K) | ($1.1B) | ($1.3B) |
| Change in cash overdraft position | ($10.6M) | ($13.6M) | ($18.5M) | ($42.3M) |
| Stock Repurchases (Issuances) | $7.5M | $3.8M | $11.5M | $7.6M |
| Proceeds from issuance of common stock from at-the-market sale agreement | $12.5M | $1.8M | $300.1M | $208.6M |
| Proceeds from exercised stock options | $767.0K | $209.0K | $509.0K | $417.0K |
| Repurchase of common stock | ($2.9M) | ($2.9M) | ($2.3M) | ($2.2M) |
| Dividends paid on common stock | ($194.2M) | ($97.0M) | ($276.9M) | ($180.7M) |
| Other, net | $26.0K | ($12.0K) | $363.0K | $275.0K |
| Net cash flows from financing activities | $50.8M | $43.2M | $254.8M | $76.9M |
| Net change in cash and cash equivalents | ($26.1M) | $41.1M | ($2.8M) | $15.9M |
| Cash and cash equivalents at beginning of period | $34.8M | $34.8M | $9.2M | $9.2M |
| Cash and cash equivalents at end of period | $8.6M | $75.9M | $6.4M | $25.1M |
| Capital Expenditures | $148.5M | $137.7M | $135.9M | $123.2M |
| Non-cash utility property contributions | $9.7M | $6.1M | $18.6M | $9.1M |
Essential Utilities Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.