Essential Utilities, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 04, 2021 at 04:30 pm EDT
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Essential Utilities, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 397.032 million compared to USD 384.468 million a year ago. Operating income was USD 129.328 million compared to USD 123.119 million a year ago. Net income was USD 80.914 million compared to USD 74.629 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.29 a year ago. For the half year, sales was USD 980.597 million compared to USD 640.053 million a year ago. Operating income was USD 361.680 million compared to USD 196.616 million a year ago. Net income was USD 264.603 million compared to USD 126.410 million a year ago. Basic earnings per share from continuing operations was USD 1.04 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 1.04 compared to USD 0.5 a year ago.
Essential Utilities, Inc. is a holding company for regulated utilities providing water, wastewater, or natural gas services in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, and Kentucky under the Aqua and Peoples brands. The Companyâs segments include the Regulated Water segment and the Regulated Natural Gas segment. The Regulated Water segment consists of water and wastewater regulated utility companies, which are organized by the states where the Company provides water and wastewater services. The Regulated Natural Gas segment consists of natural gas utility companies, acquired in the Peoples Gas Acquisition, for which the Company provides natural gas distribution services. Its subsidiary, Aqua Pennsylvania, Inc. (Aqua Pennsylvania), provides water or wastewater services to customers it serves.