Essential Utilities Inc - Company Profile
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Essential Utilities Inc (Essential Utilities) operates as a holding company for regulated utilities providing water, wastewater, and natural gas services. The company's main activities include the provision of utility services under regulated conditions. Its major products and services are water and wastewater management, as well as natural gas distribution. Essential Utilities offers water and wastewater services through its Aqua brand and natural gas services through its Peoples brand. The company's services cater to residential, commercial, industrial, and other utility customers across various sectors in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, and Kentucky. The company operates through a network of subsidiaries and distribution channels. Essential Utilities is headquartered in Bryn Mawr, Pennsylvania, the US.
Headquarters
United States of America
Address
762 W Lancaster Ave, Bryn Mawr, Pennsylvania, 19010-3489
Website
www.essential.co
Telephone
1 610 5278000
No of Employees
3,303
Industry
Clean Technology
Ticker Symbol & Exchange
WTRG (NYSE)
Revenue (2024)
$2.5B
18.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
3.5%
(2024 vs 2023)
Market Cap*
$10.9B
Net Profit Margin (2024)
XYZ
-12.7%
(2024 vs 2023)
* As of and is in US$
Essential Utilities Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Water | Wastewater Services | Peoples |
| Natural Gas | Energy Distribution Services | Aqua |
| Line Repair and Maintenance Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Regulatory Approval | In June, the company received approval from the Virginia State Corporation Commission to merge with American Water Works Company, Inc. |
| 2025 | Contracts/Agreements | In October, the company entered into an agreement to merge with American Water Works Company, Inc, a public utility company. |
| 2025 | New Products/Services | In July, Aqua Illinois opened its new Customer Assistance Program. |
Competitor Comparison
| Key Parameters | Essential Utilities Inc | California Water Service Group | American States Water Company | Middlesex Water Company | Artesian Resources Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Bryn Mawr | San Jose | San Dimas | Iselin | Newark |
| State/Province | Pennsylvania | California | California | New Jersey | Delaware |
| No. of Employees | 3,303 | 1,336 | 900 | 395 | 272 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Christopher H. Franklin | Chairman; Chief Executive Officer | Executive Board | 2018 | 60 |
| Daniel J. Schuller | Executive Vice President; Chief Financial Officer | Senior Management | 2018 | 56 |
| Bradley Palmer | Vice President; Chief Accounting Officer | Senior Management | 2024 | - |
| Sumit Nair | Chief Information Officer; Vice President | Senior Management | 2022 | - |
| Whitney Kellett | Chief Administrative Officer; Senior Vice President | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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