WTRG - Essential Utilities reaffirmed FY guidance; provides FY21 guidance

For the year-ended Dec.31, 2020, Essential Utilities (WTRG) reaffirmed non-GAAP EPS to be at the top end of the guidance range of $1.53-$1.58.For FY21, income per diluted common share is seen at $1.64 to $1.69; EPS CAGR of 5 to 7% for 2020 through 2023.Regulated water (CAGR 6-7% through 2023) and natural gas (CAGR 8-10% through 2023) segment infrastructure investments of ~$550M and ~$450M respectively, in 2021.Average annual regulated water segment customer (or equivalent dwelling units) growth of between 2 and 3% from acquisitions and organic customer growth for 2021.The company plans to reduce Scope 1 and Scope 2 greenhouse gas emissions by 60% by 2035.Q4 earnings are scheduled for release on Feb. 24, 2021.

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Essential Utilities reaffirmed FY guidance; provides FY21 guidance