AI-extracted from the 10-Q filed 2026-08-05 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue rose 3.1% to $530.9M on $25.3M of Regulated Water growth, but net income slipped to $105.7M as Regulated Natural Gas segment income fell to $4.2M.
Biggest Revenue Drivers
Regulated Water$357.5M+7.6% YoY
Water and wastewater rate increases of $15,928, volume increase of $6,116, and $2,328 from acquisitions and organic growth
Regulated Natural Gas$169.3M-4.5% YoY
Lower purchased gas costs of $9,194 and lower volumes delivered of $9,051 on warmer weather, offset by $11,816 higher rates and surcharges
Biggest Revenue Drivers
Total revenue: $530.9M+3.1% YoY
Regulated Water$357.5M+7.6% YoY
Water and wastewater rate increases of $15,928, volume increase of $6,116, and $2,328 from acquisitions and organic growth
Within Regulated Water
Water revenues$291.3M
Largest customer-class component; residential water revenues were $200,006
Regulated Natural Gas$169.3M-4.5% YoY
Lower purchased gas costs of $9,194 and lower volumes delivered of $9,051 on warmer weather, offset by $11,816 higher rates and surcharges
Within Regulated Natural Gas
Gas transportation & storage$42.2M
Transporting gas through Company pipelines at approved rates for customers buying gas from other producers or marketers
Other and eliminations$4.0M
Non-regulated gas and water operations plus intersegment eliminations
Largest Expense Items
Operations and maintenance$153.6M+3.5% YoY
Employee-related costs up $5,864, production costs up $2,296, pre-merger expenses of $1,191, offset by a $4,926 insurance expense decrease
Depreciation and amortization$113.3M+9.4% YoY
Continued capital expenditures to expand and improve utility facilities and acquisitions of new water and wastewater systems
Purchased gas$46.2M-18.6% YoY
Average cost of gas down $2,847 and lower gas usage of $7,687; passed through to customers with an offsetting revenue impact
Taxes other than income taxes$24.5M+17.2% YoY
Prior-year $2,709 favorable sales and use tax accrual adjustment in the gas segment did not recur
Margins: Operating income rose to $193,273 from $185,271. Purchased gas fell to 8.7% of revenue from 11.0%, but depreciation rose to 21.3% from 20.1% and net income margin fell to 19.9% from 20.9%.
Watch Items from the Filing
Regulated Natural Gas segment net income fell to $4,162 from $17,516 as warmer weather cut heating degree days to 485 from 514 (6% warmer) in Pittsburgh.
Pending merger with American Water at 0.305 exchange ratio; closing estimated by end of Q1 2027, still awaiting several utility commission approvals; $60,000 advisor fee payable.
Interest expense rose 11.4% to $89,111; long-term debt carrying amount is $8,516,167 versus estimated fair value of $7,549,667.
Pennsylvania gas subsidiary filed for roughly $163,000 of additional annual revenue; other pending cases include $29,149 in Texas and $26,501 in Illinois.
PFAS MDL proceeds of $10,234 received in Q2 2026; $12,259 held as regulatory liability and $44,581 in deferred credits pending commission treatment.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Bruner Christopher LDirectorGrant or award · Jun 23, 2026
Linde Tamara LouiseDirectorGrant or award · Jun 23, 2026
Lewis Wilbert BryanDirectorGrant or award · Jun 23, 2026
Ciesinski David AlanDirectorGrant or award · Jun 23, 2026
Hilferty Daniel J IIIDirectorGrant or award · Jun 23, 2026
Amato Elizabeth BDirectorGrant or award · Jun 23, 2026
Luning Christopher PaulEVP, General CounselShares withheld for tax or exercise price · Feb 22, 2026
Franklin ChrisChief Executive OfficerShares withheld for tax or exercise price · Feb 22, 2026
Palmer Bradley JohnChief Accounting OfficerShares withheld for tax or exercise price · Feb 22, 2026
Congress trading in WTRG
7 transactions in WTRG reported by 4 members of Congress under the STOCK Act, most recent trade Oct 31, 2025. Reported transactions, not recommendations.
About Essential Utilities, Inc. (WTRG): stock profile, AI score and financials
Essential Utilities, Inc. (WTRG) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores WTRG at 64.8/100 on a composite quality score built from its SEC filings, placing it at rank #514 of 2,925 stocks — the top 25% of the AI-ranked universe. Areas of concern include earnings quality (27.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Essential Utilities, Inc. reports quarterly revenue of $530.9M, net income of $105.7M, an operating margin of 36.4%. Top institutional holders of WTRG by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. WTRG trades on the NYSE exchange and files with the SEC under CIK 78128. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WTRG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Essential Utilities, Inc. directly from SEC EDGAR.