Market Summary
USD36.40-0.62
Market Closed-1.67%
WTRG Stock Price
WTRG RSI Chart
WTRG Valuation
WTRG Price/Sales (Trailing)
WTRG Profitability
WTRG Fundamentals
WTRG Revenue
WTRG Earnings
Price Action
52 Week Range
49.38
(Low)(High)
Last 7 days
-4.6%
Last 30 days
-1.6%
Last 90 days
-9.0%
Trailing 12 Months
-19.1%
WTRG Financial Health
WTRG Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for WTRG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-06-20 | Amato Elizabeth B | acquired | 90,016 | 41.425 | 2,173 | - |
2023-06-20 | Hilferty Daniel J III | acquired | 90,016 | 41.425 | 2,173 | - |
2023-06-20 | Lewis Wilbert Bryan | acquired | 90,016 | 41.425 | 2,173 | - |
2023-06-20 | Ciesinski David Alan | acquired | 90,016 | 41.425 | 2,173 | - |
2023-06-20 | Ruff Ellen T | acquired | 90,016 | 41.425 | 2,173 | - |
2023-06-20 | STEWART LEE C | acquired | 90,016 | 41.425 | 2,173 | - |
2023-06-14 | Arnold Colleen | sold | -52,049 | 41.84 | -1,244 | president |
2023-03-20 | STEWART LEE C | acquired | 30,021 | 42.765 | 702 | - |
2023-03-20 | Ruff Ellen T | acquired | 30,021 | 42.765 | 702 | - |
2023-03-20 | Lewis Wilbert Bryan | acquired | 30,021 | 42.765 | 702 | - |
Which funds bought or sold WTRG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-13 | CGC Financial Services, LLC | new | - | 1,656 | 1,656 | -% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -66.07 | -1,686 | 758 | -% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | -644 | 27,118 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -19,822 | 211,523 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | -7,338 | 78,303 | 0.01% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | -3,000 | 42,000 | -% |
2023-08-22 | COMERICA BANK | sold off | - | - | - | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -3.63 | -499,459 | 3,575,980 | 0.01% |
2023-08-21 | VitalStone Financial, LLC | new | - | 1,000 | 1,000 | -% |
2023-08-21 | BOKF, NA | sold off | -100 | -26,583 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Essential Utilities
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 10.22% | 26,801,670 | SC 13G/A | |
| Feb 06, 2023 | state street corp | 5.64% | 14,797,801 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 11.3% | 29,552,454 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 11.3% | 29,552,454 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 5.11% | 12,918,178 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 9.68% | 24,453,443 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 10.6% | 26,705,089 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 10.6% | 26,705,089 | SC 13G/A | |
| Apr 12, 2021 | blackrock inc. | 10.1% | 24,703,277 | SC 13G/A | |
| Feb 12, 2021 | state street corp | 4.34% | 10,655,404 | SC 13G/A |
Recent SEC filings of Essential Utilities
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 11, 2023 | 8-K | Current Report | |
| Aug 08, 2023 | 8-K | Current Report | |
| Aug 08, 2023 | 10-Q | Quarterly Report | |
| Jun 26, 2023 | 8-K | Current Report | |
| Jun 22, 2023 | 4 | Insider Trading | |
| Jun 22, 2023 | 4 | Insider Trading | |
| Jun 22, 2023 | 4 | Insider Trading | |
| Jun 22, 2023 | 4 | Insider Trading | |
| Jun 22, 2023 | 4 | Insider Trading | |
| Jun 22, 2023 | 4 | Insider Trading |
WTRG Fair Value
Loading...
Peers (Alternatives to Essential Utilities)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NEE | 135.4B | 26.9B | -0.90% | -19.91% | 16.72 | 5.03 | 54.09% | 213.91% |
SO | 76.3B | 27.7B | 3.20% | -7.21% | 26.22 | 2.76 | 6.94% | 1.01% |
DUK | 72.0B | 29.0B | 4.26% | -8.58% | 53.79 | 2.48 | 9.50% | -63.85% |
AWK | 26.0B | 4.0B | -3.50% | -7.02% | 29.13 | 6.43 | 5.91% | -31.18% |
NI | 11.2B | 5.9B | 2.62% | -3.86% | 15.92 | 1.91 | 7.85% | -2.88% |
WTRG | 9.6B | 2.3B | -1.60% | -19.15% | 20.64 | 4.18 | 12.59% | 3.92% |
| MID-CAP | ||||||||
PNW | 8.9B | 4.5B | -0.38% | 9.13% | 21.02 | 1.96 | 15.02% | -25.26% |
NRG | 8.7B | 30.4B | 2.52% | -9.44% | -4.25 | 0.29 | 5.56% | -159.74% |
AWR | 3.0B | 579.2M | -6.16% | -4.10% | 25.53 | 5.17 | 19.53% | 41.87% |
CWT | 2.8B | 792.4M | -5.83% | -14.52% | 44.61 | 3.53 | -2.08% | -27.40% |
SJW | 2.0B | 641.5M | -6.35% | -0.02% | 22.44 | 3.09 | 10.61% | 68.66% |
| SMALL-CAP | ||||||||
GWRS | 239.8M | 49.1M | -12.04% | -20.86% | 35.71 | 4.88 | 13.05% | 38.74% |
PCYO | 229.2M | 22.1M | -17.49% | 7.68% | 24.87 | 10.38 | 84.27% | 56.82% |
CDZI | 217.1M | 2.1M | -8.17% | 26.85% | -6.97 | 100.98 | 251.88% | -23.96% |
MSEX | 1.2M | 167.5M | -14.00% | -19.48% | 0.03 | 0.01 | 11.84% | -6.17% |
Essential Utilities News
Returns for WTRG
Cumulative Returns on WTRG
6.3%
10-Year Cumulative Returns
4.2%
7-Year Cumulative Returns
1.5%
5-Year Cumulative Returns
-0.8%
3-Year Cumulative Returns
Risks for WTRG
What is the probability of a big loss on WTRG?
45.4%
Probability that Essential Utilities stock will be more than 20% underwater in next one year
18.5%
Probability that Essential Utilities stock will be more than 30% underwater in next one year.
0%
Probability that Essential Utilities stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does WTRG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Essential Utilities was unfortunately bought at previous high price.
Drawdowns
Financials for Essential Utilities
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -0.5% | 2,303 | 2,315 | 2,288 | 2,118 | 2,046 | 1,994 | 1,878 | 1,816 | 1,803 | 1,687 | 1,463 | 1,111 | 1,006 | 944 | 890 | 869 | 852 | 845 | 838 | 836 | 825 |
| EBITDA | -100.0% | - | 1,008 | 1,010 | 977 | 940 | 926 | 928 | 907 | 908 | 897 | 710 | 639 | 619 | 535 | 493 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.44* | 0.44* | 0.46* | 1.37* | 0.46* | 0.49* | 0.50* | 0.50* | 0.50* | 0.49* | 0.53* | 0.56* | 0.57* | 0.55* | - | - | - | - | - | - |
| Interest Expenses | 5.4% | 271 | 257 | 238 | 222 | 214 | 211 | 208 | 207 | 204 | 204 | 188 | 170 | 153 | 133 | 125 | 119 | 111 | 103 | 99.00 | 96.00 | 93.00 |
| Earnings Before Taxes | 0.1% | 429 | 429 | 451 | 443 | 421 | 416 | 422 | 411 | 418 | 409 | 265 | 243 | 270 | 247 | 212 | 130 | 125 | 138 | 178 | 256 | 253 |
| EBT Margin | -100.0% | - | 0.19* | 0.20* | 0.21* | 0.61* | 0.21* | 0.22* | 0.23* | 0.23* | 0.23* | 0.18* | 0.20* | 0.24* | 0.26* | 0.24* | - | - | - | - | - | - |
| Net Income | 2.0% | 466 | 457 | 465 | 467 | 449 | 447 | 432 | 418 | 423 | 417 | 285 | 246 | 279 | 259 | 225 | 157 | 146 | 158 | 192 | 249 | 247 |
| Net Income Margin | -100.0% | - | 0.20* | 0.20* | 0.22* | 0.65* | 0.22* | 0.23* | 0.23* | 0.23* | 0.23* | 0.19* | 0.20* | 0.25* | 0.27* | 0.25* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 691 | 600 | 602 | 648 | 700 | 645 | 649 | 676 | 172 | 12.00 | 35.00 | 0.00 | -140 | -157 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 1.8% | 16,102 | 15,818 | 15,719 | 15,280 | 15,046 | 14,877 | 14,658 | 14,236 | 13,934 | 13,822 | 13,705 | 13,399 | 13,028 | 12,929 | 9,362 | 9,341 | 9,180 | 7,081 | 6,964 | 6,757 | 6,570 |
| Current Assets | -20.2% | 407 | 510 | 658 | 541 | 413 | 444 | 438 | 353 | 305 | 348 | 380 | 311 | 312 | 368 | 2,015 | 2,179 | 2,118 | 144 | 147 | 149 | 189 |
| Cash Equivalents | -42.2% | 12.00 | 20.00 | 11.00 | 23.00 | 13.00 | 58.00 | 11.00 | 10.00 | 8.00 | 18.00 | 5.00 | 8.00 | 7.00 | 32.00 | 1,869 | 2,031 | 1,974 | 4.00 | 4.00 | 4.00 | 53.00 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18.00 | 17.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 |
| Net PPE | 2.6% | 11,591 | 11,295 | 11,131 | 10,876 | 10,592 | 10,395 | 10,252 | 9,957 | 9,707 | 9,569 | 9,513 | 9,260 | 9,051 | 8,890 | 6,346 | 6,197 | 6,115 | 6,020 | 5,930 | 5,741 | 5,542 |
| Goodwill | 0% | 2,341 | 2,341 | 2,341 | 2,341 | 2,341 | 2,341 | 2,341 | 2,341 | 16.00 | 16.00 | 2,325 | 2,334 | 2,334 | 2,261 | 64.00 | 53.00 | 53.00 | 53.00 | 53.00 | 53.00 | 42.00 |
| Current Liabilities | -4.7% | 765 | 803 | 1,022 | 848 | 544 | 678 | 675 | 516 | 469 | 503 | 604 | 667 | 448 | 827 | 323 | 352 | 399 | 434 | 399 | 288 | 254 |
| Long Term Debt | - | - | - | 3,062 | - | - | - | 3,062 | - | - | - | 3,014 | - | - | - | 1,887 | - | - | - | 1,604 | - | - |
| LT Debt, Current | 0.0% | 199 | 199 | 199 | 150 | 121 | 132 | 132 | 63.00 | 80.00 | 80.00 | 84.00 | 206 | 88.00 | 115 | 105 | 178 | 221 | 156 | 145 | 108 | 119 |
| LT Debt, Non Current | 2.0% | 6,616 | 6,485 | 6,371 | 6,174 | 6,088 | 5,872 | 5,780 | 5,599 | 5,648 | 5,548 | 5,508 | 5,153 | 5,175 | 4,729 | 2,943 | 2,898 | 2,749 | 2,463 | 2,398 | 2,266 | 2,181 |
| Shareholder's Equity | 1.8% | 5,615 | 5,516 | 5,377 | 5,343 | 5,342 | 5,255 | 5,184 | 5,128 | 4,837 | 4,810 | 4,684 | 4,636 | 4,636 | 4,613 | 3,881 | 3,863 | 3,825 | 1,993 | 2,009 | 2,046 | 2,004 |
| Retained Earnings | 5.5% | 1,741 | 1,650 | 1,534 | 1,571 | 1,577 | 1,498 | 1,434 | 1,386 | 1,403 | 1,384 | 1,262 | 1,221 | 1,227 | 1,210 | 1,210 | 1,198 | 1,160 | 1,152 | 1,174 | 1,217 | 1,178 |
| Additional Paid-In Capital | 0.2% | 3,827 | 3,820 | 3,793 | 3,724 | 3,716 | 3,714 | 3,706 | 3,698 | 3,393 | 3,386 | 3,379 | 3,372 | 3,367 | 3,362 | 2,637 | 2,633 | 2,633 | 827 | 820 | 814 | 812 |
| Accumulated Depreciation | 3.3% | 2,754 | 2,667 | 2,606 | 2,592 | 2,519 | 2,442 | 2,359 | 2,336 | 2,270 | 2,202 | 2,107 | 2,061 | 1,962 | 1,905 | 1,856 | 1,802 | 1,766 | 1,727 | 1,718 | 1,706 | 1,650 |
| Shares Outstanding | 0.1% | 264 | 264 | - | 262 | 262 | 262 | - | 259 | 255 | 255 | - | 254 | 254 | 236 | - | 232 | 219 | 178 | - | 178 | 178 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 16.5% | 805 | 691 | 600 | 602 | 648 | 700 | 645 | 649 | 676 | 668 | 508 | 531 | 496 | 355 | 339 | 306 | 286 | 359 | 369 | 390 | 394 |
| Share Based Compensation | 6.1% | 14.00 | 13.00 | 12.00 | 11.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 9.00 | 8.00 | 7.00 | 7.00 | 7.00 | 7.00 | 8.00 | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 |
| Cashflow From Investing | -7.4% | -1,276 | -1,188 | -1,178 | -1,168 | -1,126 | -1,111 | -1,056 | -1,024 | -977 | -946 | -4,333 | -4,226 | -4,098 | -4,035 | -604 | -595 | -689 | -668 | -639 | -581 | -483 |
| Cashflow From Financing | 2.4% | 470 | 459 | 579 | 580 | 483 | 452 | 417 | 377 | 303 | 265 | 1,962 | 1,674 | 1,635 | 3,709 | 2,131 | 2,316 | 2,325 | 310 | 271 | 192 | 135 |
| Dividend Payments | 1.9% | 302 | 297 | 289 | 281 | 274 | 265 | 259 | 252 | 246 | 242 | 233 | 223 | 212 | 202 | 189 | 176 | 164 | 153 | 151 | 148 | 146 |
| Buy Backs | 0.7% | 4.00 | 4.00 | 1.00 | 1.00 | 1.00 | 1.00 | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 2.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 | 3.00 |
WTRG Income Statement
2023-06-30Consolidated Statements Of Operations And Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Consolidated Statements Of Operations [Abstract] | ||||
| Operating revenues | $ 436,700 | $ 448,756 | $ 1,163,150 | $ 1,148,031 |
| Operating expenses: | ||||
| Operations and maintenance | 133,508 | 134,981 | 271,502 | 277,562 |
| Purchased gas | 41,933 | 75,143 | 298,248 | 302,855 |
| Depreciation | 84,937 | 77,425 | 167,860 | 155,303 |
| Amortization | 724 | 1,751 | 1,595 | 2,219 |
| Taxes other than income taxes | 20,348 | 21,720 | 43,226 | 44,727 |
| Total operating expenses | 281,450 | 311,020 | 782,431 | 782,666 |
| Operating income | 155,250 | 137,736 | 380,719 | 365,365 |
| Other expense (income): | ||||
| Interest expense | 69,182 | 55,221 | 141,850 | 108,857 |
| Interest income | (970) | (824) | (1,789) | (1,433) |
| Allowance for funds used during construction | (3,424) | (6,151) | (9,112) | (11,990) |
| Gain on sale of other assets | (220) | (478) | (469) | (478) |
| Other | (323) | (423) | (563) | (2,125) |
| Income before income taxes | 91,005 | 90,391 | 250,802 | 272,534 |
| Provision for income taxes (benefit) | (263) | 8,100 | (31,900) | (9,133) |
| Net income | 91,268 | 82,291 | 282,702 | 281,667 |
| Comprehensive income | $ 91,268 | $ 82,291 | $ 282,702 | $ 281,667 |
| Net income per common share: | ||||
| Basic | $ 0.35 | $ 0.31 | $ 1.07 | $ 1.08 |
| Diluted | $ 0.34 | $ 0.31 | $ 1.07 | $ 1.07 |
| Average common shares outstanding during the period: | ||||
| Basic | 264,418,000 | 262,099,000 | 264,306,000 | 262,026,000 |
| Diluted | 264,818,000 | 262,558,000 | 264,840,000 | 262,545,000 |
WTRG Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Assets | ||
| Property, plant and equipment, at cost | $ 14,344,435 | $ 13,737,387 |
| Less: accumulated depreciation | 2,753,586 | 2,606,441 |
| Net property, plant and equipment | 11,590,849 | 11,130,946 |
| Current assets: | ||
| Cash and cash equivalents | 11,642 | 11,398 |
| Accounts receivable, net | 149,942 | 206,324 |
| Unbilled revenues | 75,737 | 170,504 |
| Inventory - materials and supplies | 45,300 | 46,592 |
| Inventory - gas stored | 63,216 | 153,143 |
| Current assets held for sale | 7,378 | 11,167 |
| Prepayments and other current assets | 36,557 | 39,759 |
| Regulatory assets | 16,938 | 19,272 |
| Total current assets | 406,710 | 658,159 |
| Regulatory assets | 1,518,079 | 1,342,753 |
| Deferred charges and other assets, net | 166,391 | 166,653 |
| Funds restricted for construction activity | 1,360 | 1,342 |
| Goodwill | 2,340,755 | 2,340,792 |
| Non-current assets held for sale | 34,419 | 32,124 |
| Operating lease right-of-use assets | 39,151 | 41,734 |
| Intangible assets | 4,221 | 4,604 |
| Total assets | 16,101,935 | 15,719,107 |
| Stockholders' equity: | ||
| Common stock at $0.50 par value, authorized 600,000,000 shares, issued 267,818,219 and 266,973,321 as of June 30, 2023 and December 31, 2022 | 133,909 | 133,486 |
| Capital in excess of par value | 3,827,199 | 3,793,262 |
| Retained earnings | 1,740,682 | 1,534,331 |
| Treasury stock, at cost, 3,312,850 and 3,236,237 shares as of June 30, 2023 and December 31, 2022 | (87,092) | (83,693) |
| Total stockholders' equity | 5,614,698 | 5,377,386 |
| Long-term debt, excluding current portion | 6,661,014 | 6,418,039 |
| Less: debt issuance costs | 45,498 | 46,982 |
| Long-term debt, excluding current portion, net of debt issuance costs | 6,615,516 | 6,371,057 |
| Commitments and contingencies (See Note 14) | ||
| Current liabilities: | ||
| Current portion of long-term debt | 198,749 | 199,356 |
| Loans payable | 48,043 | 228,500 |
| Accounts payable | 178,902 | 238,843 |
| Book overdraft | 32,490 | 28,694 |
| Accrued interest | 50,625 | 47,063 |
| Accrued taxes | 26,232 | 34,393 |
| Liabilities related to assets held for sale | 3,081 | 3,263 |
| Regulatory liabilities | 96,669 | 35,276 |
| Dividends payable | 75,808 | |
| Other accrued liabilities | 130,344 | 130,673 |
| Total current liabilities | 765,135 | 1,021,869 |
| Deferred credits and other liabilities: | ||
| Deferred income taxes and investment tax credits | 1,459,002 | 1,345,766 |
| Customers' advances for construction | 125,362 | 114,732 |
| Regulatory liabilities | 807,240 | 778,754 |
| Asset retirement obligations | 842 | 843 |
| Operating lease liabilities | 36,387 | 37,666 |
| Non-current liabilities related to assets held for sale | 803 | 974 |
| Pension and other postretirement benefit liabilities | 31,196 | 31,244 |
| Other | 24,648 | 28,562 |
| Total deferred credits and other liabilities | 2,485,480 | 2,338,541 |
| Contributions in aid of construction | 621,106 | 610,254 |
| Total liabilities and equity | $ 16,101,935 | $ 15,719,107 |
Essential Utilities, Inc., through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. It offers water services through operating and maintenance contract with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through a third-party. It serves approximately 7.5 million residential water, commercial water, fire protection, industrial water, wastewater, and other water and utility customers in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, West Virginia, and Kentucky under the Aqua and Peoples brands. The company was formerly known as Aqua America, Inc. and changed its name to Essential Utilities, Inc. in February 2020. Essential Utilities, Inc. was founded in 1886 and is headquartered in Bryn Mawr, Pennsylvania.