WTRG - Essential Utilities reaffirms 2022 earnings outlook guides 2023 EPS inline

Essential Utilities ( NYSE: WTRG ) said Wednesday it reaffirmed FY 2022 earnings guidance of $1.75-$1.80/share and issued FY 2023 EPS guidance of $1.85-$1.90 , in line with $1.90 analyst consensus estimate.

Essential Utilities ( WTRG ) expects EPS will grow at a 5%-7% compound annual growth rate through 2025, based off the midpoint of the 2022 guidance range.

The company also plans to make ~$1.1B/year in regulated infrastructure investments through 2025, weighted towards the regulated water segment, a ~$100M/year increase from the current plan.

The company sees its regulated water segment rate base growing at a 6%-7% compounded annual growth rate through 2025, while the regulated natural gas segment rate base is expected to grow at an 8%-10% compounded annual growth rate through 2025.

Essential Utilities ( WTRG ) is one of the top performing utility stocks with 40 years of dividend growth, Value Prof writes in an analysis published on Seeking Alpha .

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