Essential Utilities (WTRG) Keeps Growing While Profits Quietly Slide

Essential Utilities reported second-quarter financial results on August 4 that presented a mixed picture for the water and gas utility company. The regulated water segment generated revenue of $357.5 million, representing a 7.6% increase from $332.3 million in the prior year period. The company’s first-half revenue climbed 7.2% to nearly $1.4 billion. State regulators approved $43.9 million in new annual water revenue across Pennsylvania, Illinois, Ohio, North Carolina and Indiana, while