Essential Utilities, Inc
(NYSE:WTRG)

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 contracts with municipal authorities and other parties. The company also provides...

Website: http://www.aquaamerica.com

Founded: 1968

Full Time Employees: 1,583

CEO: Christopher H. Franklin

Sector: Utilities

Industry: Utilities-Regulated Water

Utilities Water Services

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2011-06-30	2011-03-31	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31

operating revenues	861,759,000	699,111,000	476,971,000	514,907,000	783,626,000	604,383,000	435,255,000	434,406,000	612,069,000	479,419,000	411,255,000	436,700,000	726,450	2,286,449,351	434,618	448,756	699,275,000	535,687,000	361,860,000	397,032,000	583,565,000	473,998,000	348,647,000	384,468,000	255,585,000		359,553,000	171,324,000	338,961,000	160,517,000	502,646,000	321,820,000	154,487,000
operating expenses:
operations and maintenance	175,795,000	200,182,000	153,088,000	148,510,000	137,824,000	163,470,000	144,368,000	142,512,000	136,900,000	156,998,000	147,018,000	133,508,000	137,994	613,220,077	151,361	134,981	142,581,000	158,635,000	139,355,000	127,515,000	125,075,000	157,196,000	136,174,000	128,604,000	106,637,000		137,762,000	67,325,000	136,911,000	67,601,000	204,026,000	135,538,000	66,989,000
purchased gas	238,615,000	139,935,000	22,506,000	56,735,000	184,641,000	94,511,000	19,095,000	33,728,000	129,675,000	37,468,000	16,590,000	41,933,000	256,315	601,640,104	52,041	75,143	227,712,000	137,724,000	25,488,000	44,897,000	132,153,000	92,811,000	16,744,000	43,420,000	12,770,000
depreciation	107,109,000	103,562,000	103,322,000	99,542,000	96,764,000	94,164,000	91,448,000	89,578,000	88,716,000	86,447,000	84,348,000	84,937,000	82,923	315,575,226	80,471	77,425	77,878,000	75,184,000	72,606,000	72,764,000	71,637,000	69,777,000	68,175,000	67,925,000	45,566,000		54,871,000	27,293,000	53,002,000	26,200,000	76,795,000	51,359,000	26,387,000
amortization	3,620,000	3,947,000	3,744,000	3,977,000	2,613,000	2,337,000	1,153,000	1,068,000	1,088,000	1,758,000	1,687,000	724,000	871	5,361,522	2,259	1,751	468,000	1,145,000	1,901,000	1,408,000	1,307,000	1,204,000	1,766,000	1,967,000	679,000		3,887,000	1,956,000	6,486,000	3,172,000	8,848,000	5,819,000	2,755,000
taxes other than income taxes	25,980,000	24,481,000	24,540,000	20,872,000	22,879,000	23,275,000	24,102,000	22,233,000	25,024,000	22,775,000	24,207,000	20,348,000	22,878	89,956,648	22,625	21,720	23,007,000	23,422,000	21,058,000	21,120,000	21,041,000	20,173,000	20,555,000	19,433,000	16,436,000		27,211,000	13,765,000	25,803,000	12,860,000	35,892,000	23,474,000	11,590,000
total operating expenses	551,119,000	472,107,000	307,200,000	329,636,000	444,721,000	377,757,000	280,166,000	289,119,000	381,403,000	305,446,000	273,850,000	281,450,000	500,981	1,625,753,577	308,757	311,020	471,646,000	396,110,000	260,408,000	267,704,000	351,213,000	341,161,000	243,414,000	261,349,000	182,088,000
operating income	310,640,000	227,004,000	169,771,000	185,271,000	338,905,000	226,626,000	155,089,000	145,287,000	230,666,000	173,973,000	137,405,000	155,250,000	225,469	660,695,774	125,861	137,736	227,629,000	139,577,000	101,452,000	129,328,000	232,352,000	132,837,000	105,233,000	123,119,000	73,497,000		135,822,000	60,985,000	116,759,000	50,684,000	177,085,000	105,630,000	46,766,000
yoy	-8.34%	0.17%	9.47%	27.52%	46.92%	30.27%	12.87%	-6.42%	102204.97%	-73.67%	109072.02%	112615.63%	-99.90%	373.36%	-99.88%	-99.89%	-2.03%	5.07%	-3.59%	5.04%	216.14%		-22.52%	101.88%	-37.05%		-23.30%	-42.27%	149.67%
qoq	36.84%	33.71%	-8.37%	-45.33%	49.54%	46.13%	6.75%	-37.01%	32.59%	26.61%	-11.49%	68756.47%	-99.97%	524840.83%	-8.62%	-99.94%	63.08%	37.58%	-21.55%	-44.34%	74.92%	26.23%	-14.53%	67.52%			122.71%	-47.77%	130.37%	-71.38%	67.65%	125.87%
other expense:
interest expense	87,307,000	84,938,000	82,269,000	79,809,000	82,065,000	79,303,000	76,846,000	73,045,000	73,273,000	72,922,000	68,590,000	69,182,000	72,668	237,946,655	60,488	55,221	53,636,000	52,772,000	52,132,000	52,036,000	50,769,000	51,785,000	49,861,000	51,666,000	35,122,000		40,049,000	19,943,000	36,934,000	18,430,000	50,693,000	33,437,000	16,628,000
interest income	-1,611,000	-94,000	-1,079,000	-301,000	-229,000	-659,000	-1,394,000	-276,000	-989,000	-670,000	-942,000	-970,000	-819	-3,672,057	-1,510	-824	-609,000	-1,094,000	-565,000	-338,000	-387,000	-17,000	-114,000	-196,000	-5,035,000
allowance for funds used during construction	-5,760,000	-7,214,000	-6,180,000	-7,027,000	-5,832,000	-5,807,000	-5,593,000	-5,229,000	-4,681,000	-2,400,000	-5,455,000	-3,424,000	-5,688	-23,647,198	-5,812	-6,151	-5,839,000	-6,870,000	-6,082,000	-4,906,000	-2,934,000	-3,966,000	-3,543,000	-2,230,000	-2,948,000		-3,909,000	-1,977,000	-3,002,000	-1,541,000	-1,940,000	-1,193,000	-625,000
other	-75,000	2,185,000	-1,439,000	647,000	-56,000	-1,911,000	227,000	701,000	-442,000	-612,000	-1,438,000	-323,000	-240	496,566	-441	-423	-1,702,000	-1,455,000	4,019,000	-1,941,000	-3,471,000	-213,000	-4,127,000	-722,000	1,679,000
income before income taxes	230,779,000	147,845,000	96,376,000	112,399,000	263,194,000	155,857,000	85,242,000	77,249,000	255,130,000	104,614,000	76,365,000	91,005,000	159,797	450,562,031	73,435	90,391	182,143,000	96,577,000	52,268,000	84,700,000	188,455,000	85,460,000	59,763,000	75,091,000	44,657,000		99,941,000	43,140,000	84,866,000	35,724,000	128,707,000	73,599,000	30,896,000
income tax expense	6,387,000	15,169,000	4,299,000	4,572,000		1,765,500	15,840,000	1,864,000
net income	224,392,000	132,676,000	92,077,000	107,827,000	283,789,000	184,755,000	69,402,000	75,385,000	265,772,000	135,448,000	80,076,000	91,268,000	191,434	464,886,695	68,638	82,291	199,376,000	116,506,000	50,503,000	80,914,000	183,689,000	102,707,000	55,732,000	74,629,000	51,781,000
yoy	-20.93%	-28.19%	32.67%	43.04%	6.78%	36.40%	-13.33%	-17.40%	138732.18%	-70.86%	116564.24%	110808.85%	-99.90%	299.02%	-99.86%	-99.90%	8.54%	13.44%	-9.38%	8.42%	254.74%
qoq	69.13%	44.09%	-14.61%	-62.00%	53.60%	166.21%	-7.94%	-71.64%	96.22%	69.15%	-12.26%	47575.96%	-99.96%	677202.22%	-16.59%	-99.96%	71.13%	130.69%	-37.58%	-55.95%	78.85%	84.29%	-25.32%	44.12%
comprehensive income	224,392,000	132,676,000	92,077,000	107,827,000	283,789,000	184,755,000	69,402,000	75,385,000	265,772,000	135,448,000	80,076,000	91,268,000	191,434	464,886,695	68,638	82,291	199,376,000	116,506,000	50,503,000	80,914,000	183,689,000	102,707,000	55,732,000	74,629,000	51,781,000		67,964,000	30,353,000	50,938,000	21,083,000	77,826,000	44,498,000	18,408,000
net income per common share:
basic	790	470	330	380	1,030	670	250	280	970	490	300	350	0.72	1,768.66	0.26	0.31	760	450	200	320	720	410	220	290	220		490	220	380	160	570	330	140
diluted	790	470	330	380	1,030	670	250	280	970	490	300	340	0.72	1,768.67	0.26	0.31	760	440	190	320	720	410	220	290	200		490	220	380	160	570	330	140
average common shares outstanding during the period:
basic	283,181,000	1,027,000	281,784,000	280,275,000	275,194,000	258,000	274,021,000	273,567,000	273,377,000	2,036,000	266,767,000	264,418,000	264,192	261,983,911	262,213	262,099	261,952,000	1,436,000	258,773,000	254,769,000	254,565,000	1,556,000	254,280,000	254,167,000	236,122,000		137,971,000	137,825,000	136,647,000	136,509,000	135,673,000	135,519,000	135,406,000
diluted	283,636,000	1,059,000	282,298,000	280,725,000	275,687,000	294,000	274,543,000	273,953,000	273,738,000	1,971,000	267,176,000	264,818,000	264,751	262,605,359	262,754	262,558	262,431,000	1,417,000	259,437,000	255,441,000	254,969,000	-510,000	255,162,000	254,434,000	255,054,000		138,518,000	138,384,000	136,960,000	136,800,000	136,006,000	135,880,000	135,876,000
the accompanying notes are an integral part of these consolidated financial statements
gain on sale of other assets		-656,000	-176,000	-256,000	-237,000	-157,000		-203,000	-91,625,000	119,000		-220,000	-249	-990,223	-299	-478		-353,000	-320,000	-223,000	-80,000	-303,000	-233,000	-20,000	-105,000		-259,000	-121,000	-2,039,000	-1,929,000	-375,000	-213,000	-133,000
income tax benefit					-20,595,000				-10,642,000	-30,834,000			-31,637
loss on sale of other assets							-239,000				285,000
the accompanying notes are an integral part of these condensed consolidated financial statements
provision for income taxes											-3,711,000	-263,000					-17,233,000	2,579,250	1,765,000	3,786,000	4,766,000	-657,750	4,031,000	462,000			32,000,000	12,789,000	33,500,000	14,213,000	51,013,000	29,375,000	12,525,000
other income:
benefit from income taxes														-1,084	4,797	8,100
equity loss in joint venture
equity earnings in joint venture																								-470,000
equity loss (earnings) in joint venture																						91,000	3,626,000		127,000
change in fair value of interest rate swap agreements
loss on debt extinguishment
provision for income tax benefit																									-7,124,000
operating expenses: - sum																											223,731,000	110,339,000	222,202,000	109,833,000
net income attributable to common shareholders																											67,941,000	30,351,000	51,366,000	21,511,000	77,694,000	44,224,000	18,371,000
other comprehensive income, net of tax:
unrealized holding gain on investments																											96,000	4,000	902,000	902,000	127,000	269,000	37,000
reclassification adjustment for gains reported in net income																											-73,000
cash dividends declared per common share																											310	155	290	145	550	270	135
reclassification adjustment for gain reported in net income																												-2,000		-1,330,000
reclassification adjustment for losses reported in net income																													-1,330,000		5,000	5,000
see notes to consolidated financial statements beginning on page 8 of this report.
costs and expenses:
costs and expenses: - sum																															325,561,000	216,190,000	107,721,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2018-12-31	2018-09-30	2018-06-30	2017-12-31	2017-06-30	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-06-30	2011-03-31	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2004-06-30

property, plant and equipment, at cost	17,942,936,000	17,690,717,000	17,268,011,000	16,857,483,000	16,538,396,000	16,275,377,000	15,891,451	15,519,111	15,208,072	14,977,021,000	14,681,336,000	14,344,435,000	13,961,209	13,468,046	13,111,170	12,836,605,000	12,610,376,000	12,293,056,000	11,977,707,000	11,771,225,000	11,620,019,000	11,321,044,000	11,012,300,000	10,795,110,000	8,201,936,000	7,648,469,000	7,447,240,000	7,191,574,000	7,003,993,000	6,717,832,000	6,509,117,000	6,386,445,000	6,282,410,000	6,183,513,000	5,985,452,000	5,879,250,000	5,500,281,000	5,397,141,000	5,265,148,000	5,184,113,000	5,107,675,000	4,953,049,000	4,990,047,000	4,714,082,000	4,616,437,000	4,532,368,000	4,308,360,000	4,198,936,000	4,057,062,000	3,954,317,000	3,897,640,000	3,759,696,000	3,686,570,000	3,599,293,000	3,477,005,000	3,398,777,000	3,307,288,000	2,530,123,000
less: accumulated depreciation	3,501,839,000	3,427,035,000	3,368,492,000	3,278,033,000	3,218,022,000	3,131,901,000	3,075,589	2,999,982	2,952,487	2,879,949,000	2,834,771,000	2,753,586,000	2,666,629	2,592,368	2,518,805	2,441,921,000	2,358,510,000	2,336,287,000	2,270,344,000	2,201,890,000	2,107,142,000	2,060,584,000	1,961,540,000	1,905,274,000	1,856,146,000	1,718,143,000	1,706,439,000	1,649,601,000	1,604,133,000	1,558,681,000	1,507,502,000	1,484,959,000	1,458,923,000	1,430,632,000	1,379,940,000	1,356,963,000	1,266,441,000	1,237,686,000	1,174,775,000	1,158,975,000	1,136,513,000	1,089,684,000	1,124,791,000	1,056,520,000	1,060,585,000	1,035,565,000	967,167,000	940,628,000	924,710,000	893,836,000	870,944,000	837,180,000	814,323,000	797,170,000	771,398,000	751,999,000	725,542,000
net property, plant and equipment	14,441,097,000	14,263,682,000	13,899,519,000	13,579,450,000	13,320,374,000	13,143,476,000	12,815,862	12,519,129	12,255,585	12,097,072,000	11,846,565,000	11,590,849,000	11,294,580	10,875,678	10,592,365	10,394,684,000	10,251,866,000	9,956,769,000	9,707,363,000	9,569,335,000	9,512,877,000	9,260,460,000	9,050,760,000	8,889,836,000	6,345,790,000	5,930,326,000	5,740,801,000	5,541,973,000	5,399,860,000	5,159,151,000	5,001,615,000	4,901,486,000	4,823,487,000	4,752,881,000	4,605,512,000	4,522,287,000	4,233,840,000	4,159,455,000	4,090,373,000	4,025,138,000	3,971,162,000	3,863,365,000	3,865,256,000	3,657,562,000	3,555,852,000	3,496,803,000	3,341,193,000	3,258,308,000	3,132,352,000	3,060,481,000	3,026,696,000	2,922,516,000	2,872,247,000	2,802,123,000	2,705,607,000	2,646,778,000	2,581,746,000	2,000,072,000
current assets:
cash and cash equivalents	75,926,000	34,778,000	6,397,000	25,071,000	20,784,000	9,156,000	8,436	18,819	35,200	4,612,000	8,505,000	11,642,000	20,149	23,366	12,976	58,298,000	10,567,000	9,736,000	8,404,000	18,046,000	4,827,000	8,494,000	7,227,000	31,848,000	1,868,922,000	3,627,000	4,264,000	52,948,000	4,204,000	7,811,000	3,763,000	3,712,000	4,923,000	3,981,000	4,071,000	4,615,000	3,858,000	17,508,000	6,393,000	4,272,000	19,353,000	6,122,000	5,047,000	5,203,000	6,917,000	7,259,000	13,112,000	14,786,000	18,015,000	13,822,000	16,744,000	15,968,000	14,800,000	16,509,000	15,582,000	11,498,000	15,102,000	12,406,000
accounts receivable	287,323,000	217,191,000	154,688,000	198,500,000	244,437,000	166,522,000	124,767	139,768	164,638	144,300,000	133,735,000	149,942,000	213,606	119,803	143,385	182,587,000	141,025,000	108,210,000	129,151,000	168,464,000	154,775,000	126,774,000	152,902,000	179,572,000	67,137,000
unbilled revenues	131,215,000	167,085,000	88,284,000	82,300,000	115,975,000	142,310,000	79,095	74,941	102,793	101,436,000	75,101,000	75,737,000	117,610	82,643	79,394	104,540,000	119,896,000	63,479,000	63,912,000	84,700,000	118,538,000	62,999,000	60,835,000	83,979,000	40,483,000
inventory - materials and supplies	56,449,000	51,767,000	51,997,000	51,116,000	49,318,000	48,619,000	51,216	50,117	48,947	47,494,000	48,811,000	45,300,000	48,401	41,565	38,193	38,560,000	33,756,000	35,023,000	27,755,000	24,092,000	21,669,000	23,651,000	22,660,000	22,224,000
inventory - gas stored	15,747,000	60,686,000	71,647,000	39,376,000	11,676,000	45,311,000	54,014	34,424	17,849	65,173,000	78,634,000	63,216,000	47,506	188,147	90,417	20,502,000	75,804,000	78,787,000	35,627,000	10,730,000	36,732,000	42,964,000	27,424,000	11,693,000
prepayments and other current assets	36,221,000	59,110,000	28,171,000	29,430,000	34,844,000	41,139,000	25,746	28,712	34,619	99,884,000	31,409,000	36,557,000	37,301	39,241	31,722	29,856,000	36,597,000	29,871,000	29,440,000	33,547,000	38,594,000	37,551,000	34,194,000	32,024,000	16,259,000	23,337,000	13,027,000	14,891,000	12,542,000	13,009,000	12,804,000	11,799,000	14,436,000	12,713,000	11,753,000	12,471,000	12,995,000	11,129,000	9,353,000	15,166,000	10,336,000	13,045,000	12,174,000	9,599,000	11,375,000	9,849,000	10,538,000	12,029,000	10,515,000	14,134,000	11,349,000	8,693,000	12,286,000	9,771,000	9,247,000	8,310,000	10,864,000	5,572,000
regulatory assets	19,749,000	19,779,000	32,386,000	13,585,000	17,447,000	32,854,000	30,659	15,952	15,488	29,080,000	25,692,000	16,938,000	15,715	46,541	17,208	9,172,000	20,150,000	27,398,000	10,443,000	8,530,000	5,085,000	8,113,000	5,654,000	5,110,000	878,132,000	788,076,000	767,902,000	750,826,000	713,971,000	1,003,808,000	948,647,000	911,455,000	887,135,000	859,830,000	799,858,000	771,561,000	630,305,000	599,717,000	637,314,000	563,466,000	536,695,000	244,606,000	249,852,000	241,627,000	226,875,000	222,958,000	221,440,000	224,252,000	233,711,000	230,786,000	220,378,000	162,983,000	158,805,000	160,429,000	170,426,000	177,542,000	182,584,000	98,898,000
total current assets	622,630,000	610,396,000	433,570,000	439,378,000	494,481,000	485,911,000	373,933	362,733	419,534	491,979,000	409,348,000	406,710,000	509,772	541,306	413,295	443,515,000	437,795,000	352,504,000	304,732,000	348,109,000	380,220,000	311,238,000	312,454,000	368,008,000	2,012,738,000	147,172,000	149,277,000	189,374,000	131,246,000	138,091,000	128,650,000	141,401,000	132,432,000	122,733,000	168,307,000	175,360,000	201,818,000	213,630,000	211,556,000	221,586,000	212,973,000	230,985,000	147,237,000	243,524,000	178,029,000	156,893,000	119,163,000	110,492,000	124,882,000	122,530,000	114,731,000	129,871,000	119,862,000	110,119,000	128,743,000	119,099,000	108,207,000	92,749,000
deferred charges and other assets	123,294,000	122,217,000	128,401,000	103,381,000	111,981,000	112,712,000	98,996	94,385	97,865	102,388,000	191,958,000	166,391,000	164,608	172,236	136,764	139,608,000	141,955,000	118,910,000	115,692,000	87,777,000	56,002,000	51,489,000	53,636,000	61,754,000	42,652,000	39,237,000	39,190,000	38,648,000	38,485,000	33,597,000	30,845,000	30,903,000	30,313,000	30,228,000	52,364,000	54,577,000	51,346,000	51,253,000	50,031,000	50,584,000	50,701,000	73,894,000	64,029,000	59,470,000	57,237,000	60,144,000	60,748,000	57,500,000	52,199,000	51,106,000	50,711,000	50,422,000	43,888,000	40,833,000	41,097,000	39,724,000	39,819,000	51,729,000
funds restricted for construction activity	1,451,000	1,445,000	1,439,000	1,433,000	1,426,000	1,420,000	1,412	1,402	1,391	1,381,000	1,370,000	1,360,000	1,350	1,336	1,313	1,313,000	1,313,000	1,288,000	1,268,000	1,268,000	1,268,000	1,243,000	1,223,000	1,223,000												15,000	47,000	47,000	11,626,000	23,183,000	23,180,000	35,575,000	55,089,000	90,192,000	134,411,000	134,427,000	81,634,000	84,852,000	38,623,000	24,519,000	28,611,000	60,268,000	62,568,000	75,503,000	53,820,000	58,898,000	59,708,000	23,382,000
goodwill	2,349,059,000	2,348,559,000	2,348,559,000	2,340,709,000	2,340,713,000	2,340,713,000	2,340,719	2,340,731	2,340,733	2,340,738,000	2,340,661,000	2,340,755,000	2,340,755	2,340,792	2,340,792	2,340,815,000	2,340,815,000	2,340,836,000	2,340,836,000	2,340,905,000	2,324,547,000	2,333,627,000	2,333,535,000	2,351,526,000	63,822,000	52,726,000	53,242,000	42,050,000	42,230,000	42,266,000	42,208,000	41,921,000	42,234,000	42,304,000	33,907,000	33,942,000	27,999,000	27,999,000	27,882,000	28,142,000	28,142,000	38,729,000	38,784,000	26,967,000	40,778,000	41,101,000	43,201,000	43,083,000	42,874,000	40,842,000	40,842,000	37,979,000	36,867,000	36,876,000	34,642,000	34,493,000	33,453,000
operating lease right-of-use assets	24,669,000	25,923,000	27,200,000	28,506,000	30,045,000	31,263,000	32,470	34,791	35,739	37,416,000	37,836,000	39,151,000	40,665	43,095	44,713	46,305,000	48,930,000	55,386,000	57,154,000	58,513,000	60,334,000	62,022,000	63,697,000	65,064,000	12,867,000
intangible assets	2,873,000	2,954,000	3,035,000	3,112,000	3,194,000	3,273,000	3,351	3,433	3,513	3,593,000	3,672,000	4,221,000	4,412	4,795	5,381	5,572,000	5,764,000	5,955,000	6,732,000	6,986,000	7,241,000	7,829,000	8,820,000
total assets	19,780,115,000	19,464,845,000	18,893,132,000	18,554,285,000	18,327,161,000	18,026,554,000	17,564,626	17,252,116	17,054,344	16,841,459,000	16,432,793,000	16,101,935,000	15,818,266	15,279,792	15,046,164	14,877,023,000	14,658,278,000	14,236,485,000	13,933,992,000	13,821,915,000	13,705,277,000	13,399,488,000	13,028,408,000	12,928,986,000	9,361,985,000	6,964,496,000	6,757,101,000	6,570,345,000	6,332,463,000	6,383,699,000	6,158,991,000	6,036,025,000	5,922,839,000	5,815,443,000	5,701,345,000	5,600,278,000	5,191,525,000	5,099,767,000
the accompanying notes are an integral part of these consolidated financial statements
liabilities and equity	2,026,000		2,025,000	2,025,000	2,025,000		2,024	2,024	2,024		2,023,000	2,023,000	2,023	2,022	2,022	2,022,000		2,021,000	2,021,000	2,021,000		2,020,000	2,020,000	2,020,000
stockholders' equity:
common stock at 0.50 par value, authorized 600,000,000 shares, issued 286,851,236 and 286,505,895 as of march 31, 2026 and december 31, 2025	143,426,000
capital in excess of par value	4,532,634,000	4,524,517,000	4,519,304,000	4,420,240,000	4,268,626,000	4,199,836,000	4,186,048	4,149,208	4,142,610	4,137,696,000	4,131,834,000	3,827,199,000	3,819,804	3,723,523	3,715,975	3,713,560,000	3,705,814,000	3,698,095,000	3,393,372,000	3,386,376,000	3,379,057,000	3,372,376,000	3,366,695,000	3,361,586,000	2,636,555,000	820,378,000	814,004,000	811,763,000	807,135,000	802,799,000	797,513,000	795,139,000	793,229,000	790,749,000	768,428,000	766,067,000	751,853,000	748,080,000	739,062,000	747,763,000	730,419,000	713,627,000	704,328,000	693,347,000	676,888,000	673,605,000	651,985,000	647,601,000	638,416,000	632,140,000	627,661,000	618,827,000	613,352,000	578,836,000	567,848,000	560,742,000	553,518,000	419,062,000
retained earnings	2,310,842,000	2,280,669,000	2,244,995,000	2,249,401,000	2,143,020,000	1,949,492,000	1,943,876	1,963,716	1,888,521	1,706,675,000	1,739,271,000	1,740,682,000	1,649,621	1,570,652	1,577,442	1,497,757,000	1,434,201,000	1,385,631,000	1,403,041,000	1,383,857,000	1,261,862,000	1,220,790,000	1,226,622,000	1,209,501,000	1,210,072,000	1,174,245,000	1,217,007,000	1,177,874,000	1,132,556,000	1,075,856,000	1,032,844,000	1,017,261,000	978,124,000	950,158,000	933,144,000	897,261,000	773,717,000	745,161,000	698,689,000	635,210,000	633,151,000	544,802,000	541,739,000	523,300,000	477,574,000	461,433,000	421,090,000	411,095,000	382,744,000	387,406,000	379,866,000	354,112,000	353,854,000	348,007,000	342,110,000	329,225,000	320,751,000	222,097,000
treasury stock	-93,693,000	-90,983,000	-91,195,000	-91,390,000	-91,608,000	-89,624,000	-87,965	-88,198	-88,442	-86,485,000	-86,783,000	-87,092,000	-87,331	-83,837	-84,092	-84,357,000	-83,615,000	-83,854,000	-84,098,000	-84,333,000	-81,327,000	-81,641,000	-81,954,000	-82,041,000	-77,702,000	-75,835,000	-75,772,000	-75,771,000	-73,280,000	-73,206,000	-71,113,000	-70,990,000	-70,944,000	-70,912,000	-63,106,000	-50,795,000	-29,431,000	-29,055,000	-27,074,000	-26,124,000	-16,159,000	-14,446,000	-14,248,000	-13,828,000	-12,980,000	-12,875,000	-12,327,000	-12,314,000	-12,392,000	-12,662,000	-12,926,000	-12,828,000	-13,059,000	-13,295,000	-13,301,000	-12,914,000	-12,934,000	-12,149,000
total stockholders' equity	6,893,209,000	6,857,456,000	6,816,299,000	6,720,202,000	6,460,091,000	6,198,809,000	6,180,934	6,163,234	6,081,127	5,896,183,000			5,515,942	5,343,102	5,342,032						4,683,877,000				3,880,860,000	2,009,364,000	2,045,738,000	2,004,352,000	1,957,621,000	1,896,530,000	1,850,068,000	1,832,200,000	1,791,163,000	1,760,707,000
long-term debt, excluding current portion	8,415,437,000	8,160,026,000	7,742,240,000	7,669,795,000	7,571,796,000	7,416,289,000	7,279,048	7,057,623	6,903,544	6,870,593,000	6,501,254,000	6,661,014,000	6,530,810	6,220,973	6,135,390	5,910,363,000	5,815,211,000	5,638,961,000	5,689,430,000	5,585,245,000	5,545,890,000	5,190,978,000	5,213,370,000	4,757,427,000	2,972,349,000	2,419,115,000	2,287,149,000	2,202,363,000	2,029,358,000	1,844,342,000	1,759,962,000	1,748,689,000	1,798,067,000	1,766,662,000	1,681,114,000	1,660,526,000	1,481,449,000	1,498,040,000	1,439,338,000	1,489,842,000	1,464,481,000	1,519,694,000	1,569,489,000	1,437,138,000	1,468,525,000	1,530,092,000	1,461,606,000	1,393,323,000	1,265,404,000	1,227,744,000	1,226,232,000	1,211,388,000	1,212,423,000	1,213,640,000	1,038,011,000	1,040,069,000	1,048,614,000	770,505,000
less: debt issuance costs and unamortized discount on debt	53,814,000		50,149,000	46,801,000
long-term debt, excluding current portion, net of debt issuance costs and unamortized discount on debt	8,361,623,000	8,110,167,000	7,692,091,000	7,622,994,000
commitments and contingencies
current liabilities:
current portion of long-term debt	26,501,000	21,822,000	135,763,000	132,138,000	142,523,000	142,807,000	29,218	71,787	67,247	67,415,000	218,619,000	198,749,000	198,683	149,926	120,931	131,746,000	132,146,000	63,418,000	79,660,000	80,351,000	84,353,000	205,841,000	87,839,000	115,011,000	105,051,000	144,545,000	108,075,000	118,540,000	113,769,000	143,567,000	150,671,000	83,777,000	38,212,000	29,096,000	47,599,000	38,503,000	118,116,000	97,789,000	81,449,000	46,542,000	83,083,000	40,897,000	44,258,000	39,030,000	90,502,000	28,351,000	35,226,000	35,443,000	54,848,000	27,659,000	27,533,000	7,123,000	7,002,000	11,956,000	24,293,000	34,169,000	41,167,000	41,120,000
loans payable	35,553,000	150,139,000	96,366,000	18,040,000	89,289,000	186,542,000	143,017	93,267	87,500	160,123,000	131,832,000	48,043,000	22,500	213,235	4,703	79,743,000	65,000,000	46,582,000	71,849,000	74,893,000	78,198,000	47,185,000	15,000,000	381,005,000	25,724,000	15,449,000	21,689,000		3,650,000	67,456,000	6,535,000	47,990,000	26,239,000	28,041,000	28,030,000	36,306,000	40,362,000	27,913,000	109,786,000	112,087,000	97,837,000	97,650,000	59,692,000	112,414,000	118,884,000	91,994,000	51,433,000	64,468,000	76,546,000	97,078,000	84,407,000	103,069,000	79,725,000	83,827,000	195,532,000	175,451,000	112,654,000	151,672,000
accounts payable	171,960,000	276,080,000	197,258,000	198,132,000	182,914,000	258,615,000	231,443	204,772	161,210	221,191,000	191,924,000	178,902,000	155,722	217,597	194,105	161,511,000	192,932,000	163,836,000	131,815,000	121,593,000	177,489,000	158,197,000	124,117,000	115,611,000	74,919,000	77,331,000	56,026,000	42,450,000	59,165,000	46,376,000	59,872,000	44,073,000	40,651,000	33,971,000	45,077,000	47,510,000	38,112,000	31,547,000	41,382,000	46,960,000	31,600,000	45,078,000	42,040,000	33,842,000	42,708,000	29,471,000	49,700,000	35,841,000	26,310,000	29,521,000	27,157,000	30,801,000	28,256,000	23,420,000	27,428,000	26,729,000	28,875,000	13,075,000
book overdraft	11,930,000	25,494,000	29,246,000	5,453,000	6,510,000	47,714,000	16,795	15,500	10,938	13,358,000	19,688,000	32,490,000	20,070	17,396	20,659		81,722,000	20,749,000	13,408,000		44,003,000	29,110,000	19,534,000		10,944,000	8,950,000	12,968,000	15,567,000	21,629,000
accrued interest	92,356,000	82,466,000	92,778,000	72,158,000	88,130,000	72,281,000	87,519	64,430	86,512	53,084,000	81,429,000	50,625,000	81,089	75,305	43,384	66,133,000	40,815,000	70,461,000	43,731,000	65,286,000	39,408,000	66,728,000	42,430,000	51,871,000	29,818,000	23,300,000	27,335,000	22,283,000	21,359,000	17,007,000	18,367,000	18,236,000	17,977,000	21,778,000	21,155,000	13,077,000	13,097,000	21,175,000	20,450,000	14,458,000	21,326,000	21,743,000	14,820,000	21,357,000	16,930,000	20,960,000	17,740,000	18,496,000	16,203,000	19,533,000	16,909,000	15,030,000	15,031,000	14,095,000	15,752,000	15,701,000	14,594,000	11,408,000
accrued taxes	30,010,000	28,688,000	27,156,000	24,483,000	34,936,000	38,219,000	33,143	29,464	36,911	40,641,000	29,113,000	26,232,000	29,992	33,316	34,457	37,130,000	37,924,000	37,502,000	15,307,000	38,365,000	37,172,000	28,426,000	30,735,000	41,876,000	22,775,000	22,234,000	19,120,000	17,373,000	23,764,000	18,858,000	25,607,000	18,475,000	19,096,000	21,821,000	27,048,000	25,261,000	8,911,000	13,362,000	20,458,000	16,048,000	22,032,000	32,411,000	20,343,000	22,235,000	10,632,000	15,393,000	18,481,000	26,311,000	15,110,000	11,740,000	17,593,000	17,287,000	11,261,000	21,591,000	26,409,000	11,878,000	22,066,000	15,128,000
regulatory liabilities	21,834,000	11,202,000	740,000	1,709,000	2,369,000	1,770,000	683	6,250	14,216	31,270,000	80,190,000	96,669,000	102,802	1,196	1,878	17,241,000	384,000	171,000	5,314,000	14,662,000	19,866,000	10,880,000	28,046,000	31,663,000	517,599,000	531,027,000	533,340,000	542,525,000	541,910,000	244,613,000	250,635,000	250,108,000	254,438,000	255,434,000	264,346,000	269,200,000	283,707,000	278,283,000	284,823,000	241,913,000	238,898,000	48,601,000	45,679,000	42,266,000	39,489,000	37,599,000	30,829,000	29,783,000	27,623,000	27,058,000	14,928,000	12,762,000	12,734,000	12,479,000	12,335,000	12,519,000	12,078,000
dividends payable	97,063,000				90,055,000	89,441,000			83,999	83,929,000			75,876			67,863,000																								26,802,000		24,488,000							19,759,000			18,247,000
other accrued liabilities	167,239,000	168,592,000	148,803,000	146,650,000	119,882,000	137,279,000	141,325	143,680	130,073	126,916,000	141,104,000	130,344,000	114,197	140,122	124,008	116,811,000	124,140,000	113,310,000	108,071,000	108,244,000	123,384,000	120,592,000	100,478,000	90,337,000	49,618,000	47,389,000	42,962,000	37,769,000	41,152,000	39,283,000	40,484,000	39,447,000	37,045,000	39,636,000	47,113,000	42,738,000	31,390,000	30,419,000	27,392,000	26,259,000	26,689,000	25,385,000	26,303,000	20,652,000	27,226,000	23,125,000	26,001,000	23,932,000	21,291,000	20,241,000	18,436,000	26,726,000	22,289,000	19,572,000	26,010,000	20,857,000	18,899,000	40,091,000
total current liabilities	654,446,000	764,483,000	728,110,000	598,763,000	756,608,000	974,668,000	683,143	629,150	678,606	797,927,000	896,568,000	765,135,000	803,286	848,093	544,125	678,178,000	675,063,000	516,029,000	469,155,000	503,394,000	603,873,000	666,959,000	448,179,000	827,374,000	318,849,000	398,977,000	288,175,000	253,982,000	284,488,000	332,547,000	301,536,000	251,998,000	179,220,000	174,343,000	216,022,000	203,395,000	277,973,000	251,242,000	318,269,000	306,715,000	301,955,000	315,110,000	212,316,000	324,142,000	306,882,000	209,294,000	198,581,000	204,491,000	230,067,000	205,772,000	192,035,000	218,283,000	163,564,000	174,461,000	315,424,000	284,785,000	238,255,000	272,494,000
deferred credits and other liabilities:
deferred income taxes and investment tax credits	2,219,580,000	2,090,120,000	2,011,269,000	2,002,082,000	1,965,139,000	1,831,868,000	1,788,225	1,764,108	1,733,947	1,628,324,000	1,486,979,000	1,459,002,000	1,413,661	1,304,548	1,511,182	1,481,253,000	1,406,537,000	1,352,425,000	1,349,873,000	1,310,000,000	1,258,098,000	1,238,328,000	1,215,898,000	1,192,900,000	936,158,000	845,403,000	839,271,000	808,711,000	769,073,000	1,339,583,000	1,269,253,000	1,236,516,000	1,190,204,000	1,152,343,000	1,115,672,000	1,079,678,000	926,447,000	901,391,000	835,003,000	800,997,000	752,367,000	634,444,000	625,423,000	607,113,000	545,102,000	514,223,000	414,357,000	411,397,000	391,851,000	375,907,000	365,525,000	341,875,000	326,990,000	307,966,000	290,945,000	287,104,000	287,703,000	197,153,000
customers' advances for construction	118,428,000	115,465,000	117,396,000	113,268,000	113,861,000	113,323,000	120,154	118,121	125,191	128,755,000			118,269	121,247	109,457						99,014,000				95,556,000	93,343,000	94,112,000	93,342,000	93,186,000	91,131,000	91,843,000	93,023,000	87,694,000	86,546,000	87,253,000	84,037,000	78,394,000	73,728,000									68,995,000
operating lease liabilities	20,076,000	21,608,000	23,004,000	24,482,000	26,034,000	27,447,000	29,153	31,051	32,415	34,425,000	35,133,000	36,387,000	38,629	39,657	41,736	43,946,000	48,230,000	50,086,000	51,992,000	53,542,000	55,642,000	57,500,000	59,338,000	60,970,000	11,645,000
pension and other postretirement benefit liabilities	15,380,000	15,241,000	36,025,000	36,699,000	35,767,000	33,680,000	28,386	37,948	37,363	38,850,000	32,380,000	31,196,000	31,427	54,309	28,698	48,864,000	50,226,000	61,690,000	56,901,000	83,306,000	91,896,000	98,209,000	107,899,000	110,018,000
other	62,692,000	60,814,000	53,519,000	23,540,000	26,558,000	23,928,000	23,859	23,719	23,699	24,086,000	24,326,000	24,648,000	27,287	25,929	28,328	35,998,000	43,666,000	50,856,000	50,334,000	46,310,000	56,713,000	48,087,000	50,405,000	48,864,000	102,465,000	97,182,000	101,761,000	104,325,000	107,341,000	105,051,000	115,583,000	107,623,000	109,450,000	110,509,000	98,043,000	94,933,000	68,121,000	75,230,000	152,703,000	151,037,000	155,812,000	123,003,000	119,870,000	119,521,000	107,122,000	112,367,000	111,668,000	111,080,000	117,146,000	118,745,000	118,388,000	62,573,000	65,407,000	65,861,000	76,203,000	85,213,000	83,541,000	13,697,000
total deferred credits and other liabilities	3,145,770,000	3,006,533,000	2,961,724,000	2,921,559,000	2,896,019,000	2,795,851,000	2,794,957	2,785,200	2,791,550	2,676,198,000	2,535,219,000	2,485,480,000	2,397,016	2,318,698	2,476,320	2,475,387,000	2,423,151,000	2,405,775,000	2,398,415,000	2,381,487,000	2,336,009,000	2,377,781,000	2,206,816,000	2,201,974,000	1,663,423,000	1,566,955,000	1,568,484,000	1,548,903,000	1,511,510,000	1,780,378,000	1,727,314,000	1,687,270,000	1,641,786,000	1,604,832,000	1,565,314,000	1,527,848,000	1,356,669,000	1,328,632,000	1,344,456,000	1,265,772,000	1,215,925,000	881,954,000	873,755,000	837,409,000	757,856,000	730,868,000	625,849,000	620,369,000	614,505,000	599,708,000	572,731,000	489,102,000	488,246,000	468,684,000	457,509,000	461,728,000	461,401,000	285,014,000
contributions in aid of construction	725,067,000	726,206,000	694,908,000	690,767,000	689,458,000	688,845,000	675,424	663,645	646,932	645,066,000	622,409,000	621,106,000	617,506	596,271	595,951	596,398,000	596,110,000	588,105,000	581,375,000	578,757,000	573,774,000	566,022,000	563,278,000	557,441,000	555,526,000	590,736,000	588,244,000	581,747,000	571,091,000	551,663,000	542,468,000	538,064,000	534,796,000	531,453,000	510,214,000	505,582,000	489,053,000	467,619,000	471,998,000	467,669,000	464,498,000	455,471,000	462,004,000	447,207,000	447,782,000	449,380,000	451,261,000	444,702,000	436,757,000	419,317,000	425,946,000	415,107,000	405,794,000	386,354,000	356,530,000	343,828,000	327,221,000	261,941,000
total liabilities and equity	19,780,115,000	19,464,845,000	18,893,132,000	18,554,285,000	18,327,161,000	18,026,554,000	17,564,626	17,252,116	17,054,344	16,841,459,000	16,432,793,000	16,101,935,000	15,818,266	15,279,792	15,046,164	14,877,023,000	14,658,278,000	14,236,485,000	13,933,992,000	13,821,915,000	13,705,277,000	13,399,488,000	13,028,408,000	12,928,986,000	9,361,985,000	6,964,496,000	6,757,101,000	6,570,345,000	6,332,463,000	6,383,699,000	6,158,991,000	6,036,025,000	5,922,839,000	5,815,443,000	5,701,345,000	5,600,278,000	5,191,525,000	5,099,767,000
assets
see accompanying notes to consolidated financial statements.
essential utilities stockholders' equity:
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		143,253,000
less: debt issuance costs		49,859,000			46,811,000	47,908,000	48,880	46,736	47,415	44,508,000	45,214,000	45,498,000	46,294	47,345	47,654	38,403,000	35,707,000	40,247,000	41,198,000	37,309,000	38,146,000	38,005,000	38,769,000	28,393,000	29,022,000	20,651,000	20,689,000	21,002,000	21,605,000	21,761,000	22,357,000	22,196,000	22,193,000	22,554,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 286,390,638 and 278,209,660 as of september 30, 2025 and december 31, 2024			143,195,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 283,901,142 and 278,209,660 as of june 30, 2025 and december 31, 2024				141,951,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 280,106,564 and 278,209,660 as of march 31, 2025 and december 31, 2024					140,053,000
long-term debt, excluding current portion, net of debt issuance costs					7,524,985,000	7,368,381,000	7,230,168	7,010,887	6,856,129	6,826,085,000	6,456,040,000	6,615,516,000	6,484,516	6,173,628	6,087,736	5,871,960,000	5,779,504,000	5,598,714,000	5,648,232,000	5,547,936,000	5,507,744,000	5,152,973,000	5,174,601,000	4,729,034,000	2,943,327,000	2,398,464,000	2,266,460,000	2,181,361,000	2,007,753,000	1,822,581,000	1,737,605,000	1,726,493,000	1,775,874,000	1,744,108,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 278,209,660 and 276,595,228 as of december 31, 2024 and december 31, 2023						139,105,000
asset retirement obligations						860,000	857	854	851	848,000	845,000	842,000	846	1,274	1,268	1,262,000	1,256,000	1,363,000	1,355,000	1,348,000	1,336,000	50,927,000	50,125,000	49,272,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 277,950,436 and 276,595,228 as of september 30, 2024 and december 31, 2023							138,975
the accompanying notes are an integral part of these condensed consolidated financial statements
common stock at 0.50 par value, authorized 600,000,000 shares, issued 277,016,906 and 276,595,228 as of june 30, 2024 and december 31, 2023								138,508
common stock at 0.50 par value, authorized 600,000,000 shares, issued 276,878,103 and 276,595,228 as of march 31, 2024 and december 31, 2023									138,438
current assets held for sale											7,461,000	7,378,000	9,484
non-current assets held for sale											37,327,000	34,419,000	32,959
common stock at 0.50 par value, authorized 600,000,000 shares, issued 276,595,228 and 266,973,321 as of december 31, 2023 and december 31, 2022										138,297,000
liabilities related to assets held for sale											2,669,000	3,081,000	2,355
non-current liabilities related to assets held for sale											758,000	803,000	948
stockholders’ equity:
common stock at 0.50 par value, authorized 600,000,000 shares, issued 276,471,716 and 266,973,321 as of september 30, 2023 and december 31, 2022											138,235,000
total stockholders’ equity											5,922,557,000	5,614,698,000				5,255,100,000	5,184,450,000	5,127,862,000	4,836,815,000	4,810,341,000		4,635,753,000	4,635,534,000	4,613,163,000																																		676,876,000
customers’ advances for construction											129,139,000	125,362,000				104,403,000	103,619,000	110,939,000	108,605,000	102,830,000		105,613,000	100,584,000	99,447,000															71,927,000	71,825,000	68,848,000	75,906,000	82,783,000	68,509,000	66,143,000	66,679,000		68,109,000	77,885,000	77,998,000	73,890,000	71,892,000	83,115,000	82,378,000	78,026,000	76,892,000	78,079,000	74,164,000
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												133,909,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 267,695,463 and 266,973,321 as of march 31, 2023 and december 31, 2022													133,848
common stock at 0.50 par value, authorized 600,000,000 shares, issued 265,530,007 and 256,102,388 as of september 30, 2022 and december 31, 2021														132,764
common stock at 0.50 par value, authorized 600,000,000 shares, issued 265,415,337 and 256,102,388 as of june 30, 2022 and december 31, 2021															132,707
common stock at 0.50 par value, authorized 600,000,000 shares, issued 256,281,789 and 256,102,388 as of march 31, 2022 and december 31, 2021																128,140,000
essential utilities stockholders’ equity:
common stock at 0.50 par value, authorized 600,000,000 shares, issued 256,102,388 and 248,571,355 as of december 31, 2021 and december 31, 2020																	128,050,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 255,981,932 and 248,571,355 as of september 30, 2021 and december 31, 2020																		127,990,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 249,001,181 and 248,571,355 as of june 30, 2021 and december 31, 2020																			124,500,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 248,882,867 and 248,571,355 as of march 31, 2021 and december 31, 2020																				124,441,000
assets held for sale																						692,000	1,558,000	1,558,000	1,558,000	3,139,000	1,558,000	1,558,000	1,543,000	1,543,000	1,728,000	3,606,000	1,641,000	1,779,000
investment in joint venture																						1,757,000	5,943,000	5,473,000	5,984,000	6,959,000	6,689,000	7,474,000	6,671,000	6,786,000	7,026,000	8,859,000	7,238,000	7,467,000	41,397,000	42,536,000	46,170,000	47,666,000	45,316,000	46,218,000	42,471,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 248,571,355 and 223,871,284 as of december 31, 2020 and december 31, 2019																					124,285,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 248,457,751 and 223,871,284 as of september 30, 2020 and december 31, 2019																						124,228,000
common stock at 0.50 par value, authorized 600,000,000 shares, issued 248,342,756 and 223,871,284 as of june 30, 2020 and december 31, 2019																							124,171,000
common stock at 0.50 par value, authorized 300,000,000 shares, issued 248,234,603 and 223,871,284 as of march 31, 2020 and december 31, 2019																								124,117,000
inventory, materials and supplies																									18,379,000	15,844,000	16,142,000	16,046,000	14,361,000	16,838,000	12,961,000	12,298,000	11,714,000	12,499,000	12,924,000	13,589,000	12,294,000	11,794,000	12,433,000	12,542,000	11,994,000	12,178,000	11,674,000	10,954,000	11,794,000	10,937,000	9,916,000	9,987,000	10,277,000	9,723,000	9,358,000	11,124,000	10,912,000	10,165,000				7,196,000
common stock at 0.50 par value, authorized 300,000,000 shares, issued 223,871,284 and 181,151,827 as of december 31, 2019 and december 31, 2018																									111,935,000
interest rate swap agreements																										59,779,000
accounts receivable and unbilled revenues																										101,225,000	114,286,000	103,931,000	98,596,000	98,890,000	97,394,000	109,986,000	99,718,000	91,761,000	111,076,000	109,478,000	100,474,000	89,892,000	98,303,000	98,313,000	89,490,000	103,715,000	99,027,000	77,857,000	93,579,000	79,132,000	85,597,000	73,690,000	86,075,000	84,851,000	77,280,000	94,086,000	81,864,000	73,674,000	94,356,000	89,432,000	73,660,000	67,575,000
aqua america stockholders' equity:
common stock at .50 par value, authorized 300,000,000 shares, issued 181,151,827 and 180,700,251 in 2018 and 2017																										90,576,000
accumulated other comprehensive income																													860,000	764,000	669,000	656,000	636,000	624,000	619,000	843,000	793,000	667,000	223,000	163,000	106,000	76,000	187,000	208,000	522,000	501,000	-148,000	-148,000	118,000	260,000	23,000	-16,000	189,000		1,315,000	412,000	199,000
common stock at .50 par value, authorized 300,000,000 shares, issued 180,998,152 and 180,700,251 as of september 30, 2018 and december 31, 2017																											90,499,000
see notes to consolidated financial statements beginning on page 9 of this report.
common stock at .50 par value, authorized 300,000,000 shares, issued 180,971,159 and 180,700,251 as of june 30, 2018 and december 31, 2017																												90,486,000
common stock at .50 par value, authorized 300,000,000 shares, issued 180,700,251 and 180,311,345 in 2017 and 2016																													90,350,000
common stock at .50 par value, authorized 300,000,000 shares, issued 180,635,368 and 180,311,345 as of june 30, 2017 and december 31, 2016																														90,317,000
common stock at .50 par value, authorized 300,000,000 shares, issued 180,311,345 and 179,363,660 in 2016 and 2015																															90,155,000
common stock at .50 par value, authorized 300,000,000 shares, issued 180,268,028 and 179,363,660 as of september 30, 2016 and december 31, 2015																																90,134,000
common stock at .50 par value, authorized 300,000,000 shares, issued 180,235,772 and 179,363,660 as of june 30, 2016 and december 31, 2015																																	90,118,000
common stock at .50 par value, authorized 300,000,000 shares, issued 180,176,073 and 179,363,660 as of march 31, 2016 and december 31, 2015																																		90,088,000
see notes to consolidated financial statements beginning on page 8 of this report.
deferred income taxes																																			28,483,000	35,207,000	41,867,000	49,846,000	40,385,000	46,164,000	32,855,000	10,422,000	18,811,000	27,854,000	20,764,000	16,116,000
common stock at .50 par value, authorized 300,000,000 shares, issued 179,192,150 and 178,591,254 as of september 30, 2015 and december 31, 2014																																			89,596,000
total aqua america stockholders' equity																																			1,728,681,000	1,702,927,000	1,586,158,000	1,554,011,000					1,302,167,000				1,129,523,000
noncontrolling interest																																					223,000	223,000	197,000	194,000	194,000	518,000	516,000	515,000	581,000	576,000	559,000	558,000	552,000	2,282,000	2,231,000
total equity																																			1,728,681,000	1,702,927,000	1,586,381,000	1,554,234,000	1,500,037,000	1,428,319,000	1,418,465,000	1,314,925,000	1,302,683,000	1,273,446,000	1,212,137,000	1,192,692,000	1,130,082,000	1,115,602,000	1,077,908,000	1,077,723,000	1,065,025,000
common stock at .50 par value, authorized 300,000,000 shares, issued 179,102.369 and 178,591,254 as of june 30, 2015 and december 31, 2014																																				89,551,000
assets of discontinued operations held for sale																																					30,330,000	32,250,000	28,607,000	29,047,000	32,863,000	85,503,000	504,000	112,057,000
common stock at .50 par value, authorized 300,000,000 shares, issued 178,451,832 and 177,928,922 as of june 30, 2014 and december 31, 2013																																					89,226,000
liabilities of discontinued operations held for sale																																					27,985,000	29,037,000	17,352,000	17,559,000	19,388,000	27,458,000	4,860,000	74,612,000
income tax receivable																																						1,211,000	16,082,000	16,082,000	16,082,000				33,600,000	33,600,000
common stock at .50 par value, authorized 300,000,000 shares, issued 178,316,578 and 177,928,922 as of march 31, 2014 and december 31, 2013																																						89,158,000
aqua america stockholders’ equity:
common stock at .50 par value, authorized 300,000,000 shares, issued 177,880,647 and 175,985,437 in 2013 and 2012																																							88,940,000
total aqua america stockholders’ equity																																							1,499,840,000	1,428,125,000	1,418,271,000	1,314,407,000		1,272,931,000	1,211,556,000	1,192,116,000		1,115,044,000	1,077,356,000	1,075,441,000	1,062,794,000
common stock at .50 par value, authorized 300,000,000 shares, issued 142,225,713 and 140,943,621 in 2013 and 2012																																								71,113,000
common stock at .50 par value, authorized 300,000,000 shares, issued 141,507,824 and 140,943,621 in 2013 and 2012																																									70,754,000
common stock at .50 par value, authorized 300,000,000 shares,issued 140,697,726 and 139,525,580 in 2012 and 2011																																										70,348,000
common stock at .50 par value, authorized 300,000,000 shares, issued 140,323,118 and 139,525,580 in 2012 and 2011																																											70,161,000
common stock at .50 par value, authorized 300,000,000 shares, issued 139,810,219 and 139,525,580 in 2012 and 2011																																												69,904,000
common stock at .50 par value, authorized 300,000,000 shares, issued 139,105,938 and 138,449,039 in 2011 and 2010																																													69,552,000
common stock at .50 par value, authorized 300,000,000 shares, issued 138,906,683 and 138,449,039 in 2011 and 2010																																														69,452,000
common stock at .50 par value, authorized 300,000,000 shares, issued 137,846,662 and 137,148,749 in 2010 and 2009																																															68,923,000
common stock at .50 par value, authorized 300,000,000 shares, issued 137,621,149 and 137,148,749 in 2010 and 2009																																																68,810,000
common stock at .50 par value, authorized 300,000,000 shares, issued 136,942,380 and 136,053,467 in 2009 and 2008																																																	68,470,000
liabilities and stockholders’ equity
common stock at .50 par value, authorized 300,000,000 shares, issued 136,596,294 and 136,053,467 in 2009 and 2008																																																		68,297,000
common stock at .50 par value, authorized 300,000,000 shares, issued 136,341,948 and 136,053,467 in 2009 and 2008																																																			68,170,000
common stockholders’ equity:
common stock at .50 par value, authorized 300,000,000 shares, issued 135,849,342 and 134,099,240 in 2008 and 2007																																																				67,924,000
total common stockholders’ equity																																																				1,028,019,000	1,022,114,000	980,715,000	964,939,000	944,266,000	928,164,000
minority interest																																																				2,140,000	2,096,000	2,029,000	1,922,000	1,858,000	1,862,000	1,029,000
common stock at .50 par value, authorized 300,000,000 shares, issued 135,555,067 and 134,099,240 in 2008 and 2007																																																					67,778,000
common stock at .50 par value, authorized 300,000,000 shares, issued 134,333,632 and 134,099,240 in 2008 and 2007																																																						67,167,000
materials and supplies																																																							9,558,000	9,859,000	8,581,000
common stock at .50 par value, authorized 300,000,000 shares, issued 133,934,833 and 133,017,325 in 2007 and 2006																																																							66,967,000
common stock at .50 par value, authorized 300,000,000 shares, issued 133,601,217 and 133,017,325 in 2007 and 2006																																																								66,801,000
common stock at .50 par value, authorized 300,000,000 shares, issued 133,261,172 and 133,017,325 in 2007 and 2006																																																									66,630,000
less accumulated depreciation																																																										530,051,000
common stock at .50 par value, authorized 300,000,000 shares,
issued 93,673,802 and 93,270,424 in 2004 and 2003																																																										46,837,000
commitments
see notes to consolidated financial statements on page 6 of this report.

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2018-12-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-03-31	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31

cash flows from operating activities:
net income	224,392,000	483,301,384	-283,397,384	283,789,000	594,903,441	265,772	80,076,000	282,510,566	191,434	68,638	-199,094,333	199,376,000	116,506,000	50,503,000	80,914,000	183,689,000	102,707,000	55,732,000	74,629,000	51,781,000	-3,657,000	49,649,000	73,170,000	59,626,000	51,737,000	67,429,000	55,569,000	42,859,000		63,617,000	53,586,000	46,565,000	50,659,000	41,445,000	37,904,000							35,380,000	22,552,000	14,321,000	29,518,000	23,727,000	16,858,000
adjustments to reconcile net income to net cash flows from operating activities:
depreciation and amortization	110,729,000	309,759,104	-99,174,104	99,377,000	369,278,949	89,804	86,035,000	169,371,206	83,794	82,730	-78,188,478	78,346,000	76,329,000	74,507,000	74,172,000	72,944,000	70,981,000	69,941,000	69,892,000	46,245,000	36,158,000	33,996,000	34,270,000	32,147,000	32,595,000	32,797,000	31,972,000	32,114,000		31,363,000	30,882,000	30,629,000	27,463,000	30,236,000	28,810,000	29,249,000	30,116,000	29,372,000	28,465,000	28,036,000	29,142,000	24,624,000	21,631,000	22,654,000	22,226,000	21,689,000	21,345,000
deferred income taxes	4,408,000	-15,594,296	18,588,296	-18,605,000	-27,757,569	-12,323	-5,830,000	-34,677,743	-33,257	1,016	19,760,190	-19,774,000	-21,159,000	-6,949,000	259,000	19,335,000	-18,902,000	13,079,000	6,742,000	-18,701,000	-15,031,000	1,905,000	10,294,000	3,615,000	1,436,000	8,463,000	4,153,000	3,692,000		2,171,000	6,492,000	11,232,000	20,330,000	32,186,000	6,982,000	20,735,000	2,704,000	1,791,000	15,390,000	9,827,000	8,391,000	14,378,000	18,508,000	1,672,000	3,064,000	2,385,000	2,412,000
provision for doubtful accounts	3,877,000			357,000			5,427,000					5,991,000	6,116,000	4,709,000	7,590,000	8,921,000		11,999,000	9,395,000	2,204,000			1,432,000	1,284,000	817,000	1,460,000	1,633,000	1,508,000		1,326,000	1,090,000	922,000	1,058,000	1,136,000	878,000	962,000	1,118,000	1,115,000	1,492,000	1,622,000	1,494,000
stock-based compensation	2,678,000	11,836,091	-2,597,091	2,604,000	9,779,637	1,061	1,979,000	6,946,578	3,422	2,693	-2,726,529	2,732,000	2,735,000	2,290,000	2,329,000	2,724,000	2,318,000	2,134,000	2,020,000	1,688,000	2,236,000		1,442,000	1,394,000	806,000	1,046,000	2,207,000	1,331,000		1,349,000	1,679,000	1,015,000	1,153,000	1,647,000	1,220,000	970,000	1,213,000	946,000	884,000	1,101,000	729,000	913,000	1,051,000	978,000	964,000	1,381,000	963,000
gain on sale of utility system and other assets	523,000
net change in receivables, deferred purchased gas costs, inventory and prepayments	3,311,000	14,064,085	9,161,915	-9,126,000	-103,325,457	122	-34,726,000	300,428,376	219,624
net change in payables, accrued interest, accrued taxes and other accrued liabilities	-80,234,000	-29,832,938	47,900,938	-47,945,000	26,922,297	-18,212	85,473,000	-90,680,639	-58,361	70,067	5,349,778	-5,354,000	-10,991,000	94,768,000	-24,831,000	-53,756,000	-14,250,000	51,450,000	-31,488,000	-7,531,000	-3,763,000	4,997,000	2,454,000	-7,575,000	4,880,000	14,131,000
other	-4,279,000	20,061,863	10,684,137	-10,697,000	-20,413,451	-1,642	-15,229,000	-23,998,689	-9,311	1,658	-270,819	256,000	2,815,000	7,743,000	-1,021,000	-2,183,000	507,000	4,090,000	-148,000	-2,945,000	2,138,000	1,885,000	-1,252,000	2,827,000	-1,691,000	1,455,000	-7,217,000	-7,833,000	-2,560,000	5,081,000	-1,084,000	-1,704,000	3,822,000	-1,982,000	-4,489,000	-6,520,000	-373,000	-2,860,000	-5,634,000	-739,000	-182,000	-2,224,000	-1,069,000	-1,029,000	-2,130,000	2,269,000	2,981,000
net cash flows from operating activities	265,405,000	803,775,166	-298,945,166	299,517,000	769,720,490	240,713	183,147,000	621,020,372	401,628	102,857	-310,187,698	310,604,000	82,827,000	148,984,000	157,387,000	255,481,000	87,369,000	175,453,000	149,681,000	95,521,000	77,793,000	107,529,000	110,601,000	82,820,000	94,838,000	125,364,000	64,129,000	89,929,000	-120,454,000	120,191,000	70,421,000	88,986,000	120,872,000	67,409,000	77,933,000	74,091,000	35,309,000	64,457,000	74,356,000	43,853,000	62,696,000	78,102,000	34,115,000	43,874,000	72,273,000	13,318,000	47,622,000
cash flows from investing activities:
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 1,816 and 1,891	-269,249,000
acquisitions of utility systems	-18,204,000	-56,983,464	17,531,464	-17,552,000			-19,510,000	-25,792,864	-136	-54,373	49,958,990	-50,009,000						28,000	-21,004,000	-3,446,056,000
proceeds from the sale of utility systems and other assets	39,000
convertible note investment	20,000,000
net cash flows from investing activities	-267,461,000			-287,880,000			-346,315,000					-233,232,000	-345,188,000	-307,089,000	-226,069,000	-177,712,000		-259,710,000	-195,333,000	-3,564,602,000			-101,313,000	-93,187,000	-74,632,000	-107,095,000	-72,370,000	-63,783,000		-70,536,000	-80,867,000	-23,093,000	-95,555,000	-121,649,000	-51,430,000	-51,349,000	-76,209,000	-64,319,000	-94,897,000	-50,106,000	-38,631,000	-85,738,000	-42,532,000	-38,405,000	-60,974,000	-57,437,000	-134,362,000
cash flows from financing activities:
customers' advances and contributions in aid of construction	9,717,000	15,360,846	-7,054,846	7,065,000	19,552,755	4,094			7,010	4,936											1,427,000	1,257,000	2,801,000	1,932,000	1,273,000	1,414,000	2,040,000	1,142,000
repayments of customers' advances	-518,000	-3,698,808	1,314,808	-1,317,000	-8,559,879	-2,171			-984	-825											-3,454,000	-1,881,000	-600,000	-933,000	-349,000	-637,000	-1,060,000	-234,000							-835,000
net repayments of short-term debt	-114,586,000	-90,007,498	97,083,498	-97,252,000		-72,623								-25,267,000				32,185,000
net repayments from commercial paper program	-253,000,000
proceeds from other long-term debt	510,100,000	1,311,460,275
repayments of other long-term debt	-813,000	-1,145,180,699
change in cash overdraft position	-13,564,000	-18,425,739	41,161,739	-41,204,000	34,352,563	-2,420	-12,801,000	3,803,624	-8,624	-3,265	81,660,939	-81,722,000	60,974,000	7,340,000	13,408,000	-44,003,000	14,893,000	9,576,000	19,533,000	-10,943,000	-4,017,000	4,510,000	2,752,000	1,912,000	-17,250,000	1,129,000	2,625,000	-21,753,000		-10,551,000	10,551,000	-11,881,000	6,267,000	-2,824,000	-17,551,000	-7,792,000	53,000	-9,362,000	-3,121,000	2,413,000	-9,741,000	365,000	-1,776,000	-6,938,000	-5,928,000	1,504,000	-8,150,000
proceeds from issuance of common stock under dividend reinvestment plan	3,792,000	11,459,431	-3,804,431	3,812,000	15,464,397	3,882	3,992,000	8,064,883	4,117	4,250	-4,108,829	4,117,000	4,202,000	4,341,000	4,095,000	4,161,000
proceeds from issuance of common stock from at-the-market sale agreement	1,800,000	299,908,424	-62,871,424	63,080,000	36,101,917		303,689,000	19,274,706	19,294
proceeds from exercised stock options	209,000	508,583	-341,583	342,000	2,470,462	175	20,000	208,897	103	670	-1,010,761	1,012,000	879,000	1,787,000	792,000	714,000	374,000	148,000	117,000	950,000	257,000	424,000	267,000	753,000	2,816,000	1,066,000	1,935,000	2,757,000	757,000	4,279,000	12,761,000	7,901,000	4,860,000	5,868,000	2,005,000	4,907,000	323,000	1,088,000	39,000	740,000	800,000	102,000	785,000	651,000	2,850,000	2,828,000	1,082,000
repurchase of common stock	-2,925,000	-2,272,763	2,231,763	-2,234,000	-4,045,766	-2,231	-2,000	-3,949,089	-3,911	-29	1,010,973	-1,012,000	-4,000	-8,000	-17,000	-3,262,000	-20,000	-2,000	-4,000	-4,339,000	-63,000	-123,000	-46,000	-32,000	-2,827,000	-12,311,000	-376,000	-1,973,000	-8,000	-1,105,000	-10,092,000	-1,618,000	-332,000	-449,000	-683,000	-734,000	-183,000	-344,000	-2,000	0	-300,000	-3,000	-12,000	-283,000	-590,000	-149,000	-103,000
dividends paid on common stock	-96,996,000	-276,691,287	89,282,287	-89,463,000	-346,134,989	-83,930	-81,230,000	-151,610,192	-75,808	-75,246	67,682,892	-67,821,000	-67,788,000	-67,758,000	-61,584,000	-61,520,000	-61,492,000	-61,460,000	-57,414,000	-52,205,000	-38,970,000	-33,929,000	-33,923,000	-31,558,000	-31,513,000	-31,446,000	-26,914,000	-26,873,000	-26,861,000	-26,836,000	-24,630,000	-24,562,000	-23,060,000	-22,957,000	-22,915,000	-21,388,000	-19,860,000	-19,818,000	-18,373,000	-18,313,000	-18,283,000	-16,875,000	-16,705,000	-16,678,000	-16,633,000	-15,253,000	-15,220,000
net cash flows from financing activities	43,204,000			-9,000	397,334,642		160,031,000					-29,641,000	263,192,000				222,985,000	85,524,000	21,031,000	1,632,007,000					-19,454,000		-5,409,000	-13,696,000				-52,061,000	-24,242,000	54,084,000	-29,504,000	-21,417,000		-7,221,000	24,734,000	3,331,000	-22,265,000	8,804,000	6,708,000	-3,500,000	-7,215,000	40,515,000	57,803,000
net change in cash and cash equivalents	41,148,000	-2,774,915	-11,612,085	11,628,000		30,588	-3,137,000	235,249	8,751	10,390	-47,728,591	47,731,000		1,332,000	-9,642,000	13,219,000		1,267,000	-24,621,000	-1,837,074,000			-1,211,000	942,000	752,000	-544,000
cash and cash equivalents at beginning of period	34,778,000	9,146,844	-9,146,844	9,156,000		4,612	0	11,386,602	11,398	0	-10,556,433	10,567,000		0	0	4,827,000		0	0	1,868,922,000			0	0	3,229,000	0	0	5,058,000		0	0	5,521,000	0	0	8,204,000	5,934,000	0	21,869,000	0	0	14,944,000	0	0	14,540,000	0	0	44,039,000
cash and cash equivalents at end of period	75,926,000	6,371,929	-20,758,929	20,784,000		35,200	-3,137,000	11,621,851	20,149	10,390	-58,285,024	58,298,000		1,332,000	-9,642,000	18,046,000		1,267,000	-24,621,000	31,848,000			-1,211,000	942,000	3,981,000	-544,000	-13,650,000	17,508,000		2,121,000	-15,081,000	19,353,000	1,075,000	-156,000	5,203,000	7,259,000	-1,674,000	14,786,000	4,193,000	-2,922,000	16,744,000	1,168,000	-1,709,000	16,509,000	4,084,000	-3,604,000	15,102,000
non-cash investing activities:
property, plant and equipment additions purchased at the period end, but not yet paid for	137,746,000	135,749,846	-109,852,846	109,976,000		91,576	-18,353,000	124,416,864	86,136	3,304	-74,356,527	74,451,000		3,975,000	1,738,000	73,014,000		18,598,000	22,503,000	55,881,000			2,685,000	1,811,000	19,052,000	-2,809,000
non-cash utility property contributions	6,128,000	18,575,878	-5,909,878	5,919,000	38,802,902	5,740	10,933,000	25,966,874	13,126
the accompanying notes are an integral part of these consolidated financial statements
gain on sale of utility systems and other assets		-668,507	236,507	-237,000		-91,625	285,000	-468,751	-249			-19,000				-91,000
pension and other postretirement benefits contributions					-9,384,606					-5,826			-26,000	-2,138,000	-6,608,000	-6,363,000	-4,182,000	-12,316,000	-3,748,000	-36,000	-1,645,000
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 5,795 and 5,381
net proceeds from the sale of utility systems and other assets		804,463	-239,463	240,000	167,302,726	166,563	21,000	612,663	337
net proceeds from commercial paper program		151,957,600
benefit from doubtful accounts					21,849,182	7,756			4,532	5,726
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 4,145 and 3,482
net cash flows used in investing activities					-1,162,514,956	-86,483			-243,208	-349,056
net cash flows from (used in) financing activities
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 1,891 and 1,807				-270,539,000
proceeds from long-term debt				708,150,000	1,648,151,589	618,008	296,488,000	384,485,230	229,770	174,506	-164,229,624	165,000,000	300,018,000	34,977,000	675,176,000	85,000,000	409,175,000	118,999,000	2,037,480,000	801,184,000	928,955,000	269,298,000	64,991,000	72,983,000	96,314,000	74,983,000	42,882,000	73,192,000	-89,365,000	16,252,000	137,059,000	35,010,000	11,090,000	139,964,000	28,112,000		69,995,000	31,334,000	66,128,000	3,402,000	303,000	1,408,000	15,386,000	56,000	4,004,000	1,750,000	84,240,000
repayments of long-term debt				-551,150,000	-1,026,448,278	-586,649	-434,030,000	-136,489,111	-114,889	-57,207	66,558,415	-67,023,000	-51,730,000	-98,339,000	-573,172,000	-46,305,000	-173,217,000	-20,054,000	-1,615,791,000	-11,509,000	-762,554,000	-191,728,000	-68,709,000	-32,309,000	-80,341,000	-45,027,000	-39,036,000	-31,874,000	27,695,000	-31,381,000	-148,923,000	-77,991,000	-64,159,000	-16,874,000	-28,232,000	-1,891,000	-2,016,000	-48,881,000	-2,855,000	-1,730,000	-1,920,000	-2,331,000	-21,605,000	-13,508,000	-15,930,000	-17,546,000	-1,696,000
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 7,372, 5,241 and 6,047
acquisitions of utility systems and other																						-3,797,000	0	-1,165,000	-4,461,000	-408,000	-422,000	-4,045,000	14,138,000	-3,683,000	-47,000	-10,674,000	-12,052,000	-102,701,000	-1,297,000		-1,416,000	-205,000	-353,000	-880,000	-290,000	-12,625,000			-469,000	-13,503,000	-27,843,000
net proceeds (repayments) of short-term debt							83,789,000	-180,251,000	-206,000			14,744,000																		-2,301,000														26,909,000	20,081,000	62,797,000	-6,496,000
net increase in cash and cash equivalents																												12,450,000				13,832,000	1,075,000	-156,000	-3,001,000	1,325,000		-7,083,000	4,193,000	-2,922,000	1,800,000	1,168,000	-1,709,000	1,969,000			-28,937,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
cash paid during the year for:
interest, net of amounts capitalized
income taxes
property, plant and equipment additions purchased at the period end, but not yet paid
see accompanying notes to consolidated financial statements.
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 5,381 and 4,502
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 1,807 and 1,428						-252,998
net cash flows used in financing activities						-123,642			-149,669
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 4,502 and 4,527
customers’ advances and contributions in aid of construction							3,776,000					2,962,000	2,791,000	3,485,000	4,272,000	4,716,000		4,474,000	1,539,000	1,462,000										1,365,000	1,364,000	800,000	1,957,000	1,101,000	2,684,000	643,000		2,886,000	1,328,000	1,943,000	581,000	1,466,000	2,097,000	1,769,000	2,546,000	2,797,000	2,511,000
repayments of customers’ advances							-3,264,000					-159,000	-4,634,000	-1,130,000	-990,000	-971,000		-2,165,000	-762,000	-1,065,000										-1,069,000	-374,000	-577,000	-2,412,000			-987,000		-4,290,000	-764,000	-833,000	-473,000	-1,407,000	-739,000	-850,000	-921,000	-1,235,000	-1,089,000
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 2,587 and 3,013
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 1,428 and 1,449									-243,730
gain on sale of other assets										-299								-233,000	-20,000	-105,000	-116,000		-62,000	-121,000	-207,000							-92,000	-320,000	-64,000	-442,000	-121,000	-110,000	-1,929,000	-162,000	-80,000	-133,000	-532,000			-260,000	-319,000	-69,000
net change in receivables, inventory and prepayments										-123,546	-49,043,258	49,050,000		-76,049,000	25,300,000	30,261,000	-60,234,000	-20,442,000	22,407,000	22,921,000	34,000	11,261,000	-11,105,000	-9,810,000	5,680,000	-1,247,000
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 4,527 and 2,885
net proceeds from the sale of other assets										312	-18,515	19,000		460,000	860,000	100,000		831,000	72,000	160,000																		3,031,000
proceeds from issuance of common stock from forward equity sale agreement													0
non-cash customer advances and contributions in aid of construction										12,947	-1,820,211	1,829,000		12,424,000	8,654,000	8,997,000		9,438,000	10,246,000	8,637,000
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 3,013 and 1,393
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 1,449 and 170												-183,322,000
loss on interest rate swap agreements
loss on debt extinguishment
settlement of interest rate swap agreements
net change in receivables, inventory, deferred purchased gas costs and prepayments
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 4,510, 4,434 and 4,231
extinguishment of long-term debt
proceeds from issuance of common stock from private placement
proceeds from tangible equity unit issuance
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 2,885 and 2,957
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 1,393 and 1,708
cash flows (used in) from financing activities:
net cash flows (used in) from financing activities															59,040,000	-64,550,000						6,599,000	-10,499,000						-104,718,000	-47,534,000
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 170 and 873																-178,009,000
net proceeds of short-term debt																-3,305,000				174,281,000			21,751,000	-1,802,000	11,320,000	-8,276,000						17,453,000			4,643,000	2,326,000	-13,035,000	36,981,000		12,672,000	3,817,000	23,344,000
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 4,434, 4,231, and 3,332
proceeds from stock issued to finance acquisition
loss on sale of utility system
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 2,957 and 3,253
issuance of common stock under dividend reinvestment plan																		4,261,000	3,999,000	4,062,000
issuance of common stock from private placement																		0	-834,000	730,135,000
gain on sale of utility system																									-1,215,000					0						-2,452,000			0
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 1,708 and 2,117
interest rate swap agreements
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 873 and 1,030																				-118,734,000
(gain) loss on sale of utility system and market-based business unit
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 4,231, 3,332, and 3,578
gain on sale of utility system and market-based business unit																						1,080,000	-42,000
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 3,332, 3,578, and 2,220
proceeds from issuing common stock																					4,062,000	359,000	359,000	338,000	332,000				-188,000	3,662,000	3,389,000	3,427,000	3,303,000	3,229,000	3,200,000	3,201,000	3,113,000	3,075,000	2,880,000	3,017,000	2,879,000	2,731,000	25,009,000	2,628,000	2,708,000	2,527,000	2,524,000
share-based compensation windfall tax benefits
non-cash customer advances for construction
loss on sale of market-based business unit
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 2,550 and 2,533
net proceeds from the sale of market-based business unit and other assets
see notes to consolidated financial statements beginning on page 9 of this report.
gain on extinguishment of debt
equity (earnings) loss in joint venture
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 3,578, 2,220, and 1,598
release of funds previously restricted for construction activity																										15,000				11,558,000	0	394,000	19,520,000	35,890,000	6,000	730,000	3,258,000	958,000	40,717,000	8,964,000	24,335,000	2,568,000	13,328,000	1,676,000	5,780,000	1,528,000	2,631,000
loss on sale of utility system and market-based business unit
postretirement benefit contributions
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 1,543 and 1,097
net proceeds from the sale of utility system and other assets																							106,000	3,586,000	2,853,000	223,000	175,000	133,000		3,074,000	18,000	95,000	-961,000	2,494,000	2,233,000	3,237,000
stock-based compensation windfall tax benefits																							65,000	219,000	979,000	149,000	253,000	964,000					194,000	341,000	68,000	298,000	7,000	110,000	6,000	20,000	72,000	4,000	21,000	82,000	598,000	495,000	200,000
refer to note 3 - acquisitions for a description of non-cash activities
income from discontinued operations																											751,000	458,000		133,000	38,000	5,334,000	1,991,000	-1,182,000	10,246,000
income from continuing operations																										67,429,000	54,818,000	42,401,000		63,484,000	53,548,000	41,231,000	48,668,000	42,627,000	27,658,000
adjustments to reconcile income from continuing operations to net cash flows from operating activities:
share-based compensation
(gain) loss on sale of other assets
change in income tax receivable
operating cash flows from continuing operations																										125,364,000	64,166,000	90,474,000		120,340,000	69,837,000	88,950,000	117,064,000	81,272,000	77,883,000
operating cash flows used in discontinued operations
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 2,220, 1,598, and 1,494
investing cash flows used in continuing operations
investing cash flows from discontinued operations																											-37,000	39,000		-206,000	-145,000	51,427,000
financing cash flows (used in) from continuing operations																														-47,685,000
financing cash flows used in discontinued operations
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 1,626 and 1,015
non-cash investing activity:
see note 3 - acquisitions for a description of non-cash activities.
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 1,097 and 570
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 580 and 296																									-72,984,000
additions to funds restricted for construction activity																														-1,000	-3,000	-2,000	-6,000	-787,000	-1,293,000	-71,000	-40,000	-980,000	-54,821,000	-4,872,000	-29,000	-268,000	-395,000	-556,000	-701,000	-718,000	-49,172,000
investment in joint venture																														0	-4,900,000	-4,900,000
see notes to consolidated financial statements beginning on page 8 of this report.
adjustments to reconcile income from continuing operations
to net cash flows from operating activities:
loss on sale of other assets																										-170,000	-140,000	348,000
operating cash flows from discontinued operations																																36,000			50,000
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 1,015 and 1,033
investing cash flows from continuing operations																										-107,095,000	-72,333,000	-63,822,000		-70,330,000	-80,722,000	-74,520,000	-95,064,000	-160,951,000	-86,628,000
financing cash flows from (used) in continuing operations																										-18,813,000
financing cash flows from discontinued operations																											-26,000	-36,000
net cash flows from (used) in financing activities																										-18,813,000
property, plant and equipment additions, including the debt component of allowance for funds used during construction of 570 and 649
net increase in receivables, inventory and prepayments																											-14,731,000	3,644,000		2,689,000			-6,099,000						-2,333,000			-10,856,000			-5,617,000
net increase in payables, accrued interest, accrued taxes and other accrued liabilities																											-8,529,000	13,269,000		13,015,000	-11,246,000	584,000	20,661,000	-6,219,000	11,454,000	-4,676,000		10,886,000						-877,000			918,000
operating cash flows (used in) from discontinued operations																											-37,000	-545,000					3,808,000
property, plant and equipment additions, including the non-equity component of allowance for funds used during construction of 649 and 944
financing cash flows from continuing operations																											-5,383,000	-13,660,000				-52,038,000			-29,504,000
net decrease in cash and cash equivalents
property, plant and equipment additions, including the non-equity component of allowance for funds used during construction of 367 and 472																												-59,819,000
net (repayments) proceeds of short-term debt																												-8,827,000					37,958,000
proceeds from note receivable																																				5,289,000
increase in investment of subsidiary
net cash flows from (used in) investing activities
operating cash flows from (used in) discontinued operations																														-149,000
property, plant and equipment additions, including allowance for funds used during construction of 1,468 and 3,484
property, plant and equipment additions, including allowance for funds used during construction of 1,042 and 2,565
financing cash flows (used in) from discontinued operations																															9,000	-23,000
net decrease in receivables, inventory and prepayments																																5,133,000			5,812,000	5,593,000		3,625,000			6,298,000			6,155,000			2,214,000
property, plant and equipment additions, including allowance for funds used during construction of 552 and 1,330																																-59,200,000
property, plant and equipment additions, including allowance for funds used during construction of 3,484 and 5,689
investing cash flows from (used in) discontinued operations																																	-491,000	39,302,000	35,198,000
financing cash flows from (used in) continuing operations																																	-24,334,000
property, plant and equipment additions, including allowance for funds used during construction of 2,588 and 3,906
property, plant and equipment additions, including allowance for funds used during construction of 1,344 and 1,977																																			-80,743,000
net income attributable to common shareholders																																				30,351,000	29,855,000	21,511,000	33,470,000	25,853,000	18,371,000
adjustments to reconcile net income attributable to common shareholders to net cash flows from operating activities:
property, plant and equipment additions, including allowance for funds used during construction of 1,977 and 1,541																																				-60,340,000
net decrease in payables, accrued interest, accrued taxes and other accrued liabilities																																								-10,702,000	-1,414,000
property, plant and equipment additions, including allowance for funds used during construction of 3,002 and 1,193
property, plant and equipment additions, including allowance for funds used during construction of 1,541 and 625																																						-67,174,000
property, plant and equipment additions, including allowance for funds used during construction of 1,940 and 3,032
proceeds from the sale of utility system and other assets																																							48,000
proceeds from net cash settlements of forward equity sale agreement																																										0
property, plant and equipment additions, including allowance for funds used during construction of 1,193 and 2,056
property, plant and equipment additions, including allowance for funds used during construction of 625 and 956																																									-62,135,000
proceeds from the sale of other assets																																									246,000	2,244,000	113,000	16,947,000	2,468,000	346,000	721,000
property, plant and equipment additions, including allowance for funds used during construction of 3,032 and 2,118
property, plant and equipment additions, including allowance for funds used during construction of 2,056 and 1,463
property, plant and equipment additions, including allowance for funds used during construction of 956 and 721																																												-56,467,000
net cash settlement of a portion of forward equity sale agreement																																												2,662,000
property, plant and equipment additions, including allowance for funds used during construction of 2,118 and 2,901
property, plant and equipment additions, including allowance for funds used during construction of 1,463 and 2,198
property, plant and equipment additions, including allowance for funds used during construction of 721 and 918																																															-60,701,000
property, plant and equipment additions, including allowance
for funds used during construction of 1,333 and 876
acquisitions of water and wastewater systems
net decrease in funds restricted for construction activity
dividends paid on preferred stock

Essential Utilities, Inc(NYSE:WTRG)

Essential Utilities, Inc
(NYSE:WTRG)