$WTRG
Essential Utilities, Inc.

2023 Q2 Form 10-Q Financial Statement

#000156276223000230 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $436.7M $726.5M
YoY Change -2.69% 3.89%
Cost Of Revenue $41.93M $256.3M
YoY Change -44.2% 12.56%
Gross Profit $394.8M $470.1M
YoY Change 5.66% -0.3%
Gross Profit Margin 90.4% 64.72%
Selling, General & Admin $1.962M $3.423M
YoY Change 15.96% 25.29%
% of Gross Profit 0.5% 0.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $85.66M $83.79M
YoY Change 8.19% 6.95%
% of Gross Profit 21.7% 17.82%
Operating Expenses $239.5M $244.7M
YoY Change 1.54% 0.3%
Operating Profit $155.3M $225.5M
YoY Change 12.72% -0.95%
Interest Expense -$64.79M $72.67M
YoY Change 34.29% 35.48%
% of Operating Profit -41.73% 32.23%
Other Income/Expense, Net $323.0K $240.0K
YoY Change -23.64% -85.9%
Pretax Income $91.01M $159.8M
YoY Change 0.68% -12.27%
Income Tax -$263.0K -$31.64M
% Of Pretax Income -0.29% -19.8%
Net Earnings $91.27M $191.4M
YoY Change 10.91% -3.98%
Net Earnings / Revenue 20.9% 26.35%
Basic Earnings Per Share $0.35 $0.72
Diluted Earnings Per Share $0.34 $0.72
COMMON SHARES
Basic Shares Outstanding 264.4M 264.1M
Diluted Shares Outstanding 264.8M 264.8M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.64M $20.15M
YoY Change -10.28% -65.44%
Cash & Equivalents $11.64M $20.15M
Short-Term Investments
Other Short-Term Assets $136.6M $180.1M
YoY Change 6.46% 25.45%
Inventory $108.5M $95.91M
Prepaid Expenses
Receivables $149.9M $213.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $406.7M $509.8M
YoY Change -1.59% 14.94%
LONG-TERM ASSETS
Property, Plant & Equipment $11.63B $11.29B
YoY Change 9.33% 8.66%
Goodwill $2.341B $2.341B
YoY Change 0.0%
Intangibles $4.221M $4.412M
YoY Change -20.82%
Long-Term Investments
YoY Change
Other Assets $1.720B $1.628B
YoY Change 4.28% -1.1%
Total Long-Term Assets $15.70B $15.31B
YoY Change 7.26% 6.06%
TOTAL ASSETS
Total Short-Term Assets $406.7M $509.8M
Total Long-Term Assets $15.70B $15.31B
Total Assets $16.10B $15.82B
YoY Change 7.02% 6.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $178.9M $155.7M
YoY Change -7.83% -3.58%
Accrued Expenses $181.0M $114.2M
YoY Change 8.11% -2.24%
Deferred Revenue
YoY Change
Short-Term Debt $48.04M $22.50M
YoY Change 921.54% -71.78%
Long-Term Debt Due $198.7M $198.7M
YoY Change 64.35% 50.81%
Total Short-Term Liabilities $765.1M $803.3M
YoY Change 40.62% 18.45%
LONG-TERM LIABILITIES
Long-Term Debt $6.616B $6.485B
YoY Change 8.67% 10.43%
Other Long-Term Liabilities $1.648B $27.29M
YoY Change 5.54% -24.2%
Total Long-Term Liabilities $8.263B $6.512B
YoY Change 8.03% 10.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $765.1M $803.3M
Total Long-Term Liabilities $8.263B $6.512B
Total Liabilities $10.49B $7.315B
YoY Change 8.07% 11.07%
SHAREHOLDERS EQUITY
Retained Earnings $1.741B $1.650B
YoY Change 10.14%
Common Stock $3.961B $3.954B
YoY Change 2.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $87.09M $87.33M
YoY Change 3.53%
Treasury Stock Shares $3.318M
Shareholders Equity $5.615B $5.516B
YoY Change
Total Liabilities & Shareholders Equity $16.10B $15.82B
YoY Change 7.02% 6.33%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $91.27M $191.4M
YoY Change 10.91% -3.98%
Depreciation, Depletion And Amortization $85.66M $83.79M
YoY Change 8.19% 6.95%
Cash From Operating Activities $219.8M $401.6M
YoY Change 107.95% 29.31%
INVESTING ACTIVITIES
Capital Expenditures $303.9M $243.7M
YoY Change -225.92% -232.95%
Acquisitions
YoY Change
Other Investing Activities -$25.32M -$321.0K
YoY Change -4770.85% 301.25%
Cash From Investing Activities -$329.2M -$243.2M
YoY Change 36.72% 4.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $114.9M
YoY Change 71.42%
Cash From Financing Activities 100.9M -149.7M
YoY Change 12.39% 404.94%
NET CHANGE
Cash From Operating Activities 219.8M 401.6M
Cash From Investing Activities -329.2M -243.2M
Cash From Financing Activities 100.9M -149.7M
Net Change In Cash -8.507M 8.751M
YoY Change -81.23% -81.67%
FREE CASH FLOW
Cash From Operating Activities $219.8M $401.6M
Capital Expenditures $303.9M $243.7M
Free Cash Flow -$84.08M $157.9M
YoY Change -124.23% -68.03%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000078128
CY2023Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
CY2023Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
CY2022Q1 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
CY2023Q1 dei Document Type
DocumentType
10-Q
CY2023Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
2023-03-31
CY2023Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q1 dei Entity File Number
EntityFileNumber
1-6659
CY2023Q1 dei Entity Registrant Name
EntityRegistrantName
ESSENTIAL UTILITIES, INC.
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
PA
CY2023Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
23-1702594
CY2023Q1 dei Local Phone Number
LocalPhoneNumber
527-8000
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
32124000
CY2023Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
762 W. Lancaster Avenue
CY2023Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Bryn Mawr
CY2023Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
PA
CY2023Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
19010 -3489
CY2023Q1 dei City Area Code
CityAreaCode
610
CY2023Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2023Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2023Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023Q1 dei Entity Shell Company
EntityShellCompany
false
CY2023Q1 dei Security12b Title
Security12bTitle
Common stock, $0.50 par value
CY2023Q1 dei Trading Symbol
TradingSymbol
WTRG
CY2023Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
264379508
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13961209000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13737387000
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2666629000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2606441000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11294580000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11130946000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20149000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11398000
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
213606000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
206324000
CY2023Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
117610000
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
170504000
CY2023Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
48401000
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
46592000
CY2023Q1 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
47506000
CY2022Q4 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
153143000
CY2023Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
9484000
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
11167000
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
37301000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
39759000
CY2023Q1 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
15715000
CY2022Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
19272000
CY2023Q1 us-gaap Assets Current
AssetsCurrent
509772000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
658159000
CY2023Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1429165000
CY2022Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1342753000
CY2023Q1 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
164608000
CY2022Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
166653000
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1350000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1342000
CY2023Q1 us-gaap Goodwill
Goodwill
2340755000
CY2022Q4 us-gaap Goodwill
Goodwill
2340792000
CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
32959000
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
40665000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
41734000
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4412000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4604000
CY2023Q1 us-gaap Assets
Assets
15818266000
CY2022Q4 us-gaap Assets
Assets
15719107000
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.50
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.50
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
267695463
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
266973321
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
133848000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
133486000
CY2023Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3819804000
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3793262000
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1649621000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1534331000
CY2023Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
3318252
CY2022Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3236237
CY2023Q1 us-gaap Treasury Stock Value
TreasuryStockValue
87331000
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
83693000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
5515942000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
5377386000
CY2023Q1 wtrg Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
6530810000
CY2022Q4 wtrg Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
6418039000
CY2023Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
46294000
CY2022Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
46982000
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6484516000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6371057000
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
198683000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
199356000
CY2023Q1 wtrg Loans Payable Current Not Included In Current Portion Of Long Term Debt
LoansPayableCurrentNotIncludedInCurrentPortionOfLongTermDebt
22500000
CY2022Q4 wtrg Loans Payable Current Not Included In Current Portion Of Long Term Debt
LoansPayableCurrentNotIncludedInCurrentPortionOfLongTermDebt
228500000
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
155722000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
238843000
CY2023Q1 us-gaap Bank Overdrafts
BankOverdrafts
20070000
CY2022Q4 us-gaap Bank Overdrafts
BankOverdrafts
28694000
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
81089000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
47063000
CY2023Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
29992000
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
34393000
CY2023Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
2355000
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
3263000
CY2023Q1 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
102802000
CY2022Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
35276000
CY2023Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
75876000
CY2022Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
75808000
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
114197000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
130673000
CY2023Q1 us-gaap Liabilities Current
LiabilitiesCurrent
803286000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1021869000
CY2023Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1413661000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1345766000
CY2023Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
118269000
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
114732000
CY2023Q1 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
765949000
CY2022Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
778754000
CY2023Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
846000
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
843000
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
38629000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
37666000
CY2023Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
948000
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
974000
CY2023Q1 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
31427000
CY2022Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
31244000
CY2023Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
27287000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
28562000
CY2023Q1 wtrg Liabilities Noncurrent Less Long Term Debt
LiabilitiesNoncurrentLessLongTermDebt
2397016000
CY2022Q4 wtrg Liabilities Noncurrent Less Long Term Debt
LiabilitiesNoncurrentLessLongTermDebt
2338541000
CY2023Q1 us-gaap Contributions In Aid Of Construction
ContributionsInAidOfConstruction
617506000
CY2022Q4 us-gaap Contributions In Aid Of Construction
ContributionsInAidOfConstruction
610254000
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
15818266000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
15719107000
CY2023Q1 us-gaap Revenues
Revenues
726450000
CY2022Q1 us-gaap Revenues
Revenues
699275000
CY2023Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
137994000
CY2022Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
142581000
CY2023Q1 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
256315000
CY2022Q1 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
227712000
CY2023Q1 us-gaap Depreciation
Depreciation
82923000
CY2022Q1 us-gaap Depreciation
Depreciation
77878000
CY2023Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
871000
CY2022Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
468000
CY2023Q1 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
22878000
CY2022Q1 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
23007000
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
500981000
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
471646000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
225469000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
227629000
CY2023Q1 us-gaap Interest Expense
InterestExpense
72668000
CY2022Q1 us-gaap Interest Expense
InterestExpense
53636000
CY2023Q1 us-gaap Interest Income Operating
InterestIncomeOperating
819000
CY2022Q1 us-gaap Interest Income Operating
InterestIncomeOperating
609000
CY2023Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
5688000
CY2022Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
5839000
CY2023Q1 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
249000
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
240000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1702000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
159797000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
182143000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-31637000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17233000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
191434000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
199376000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
191434000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
199376000
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.76
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264192000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
261952000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
264751000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
262431000
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.50
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.50
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
133848000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
133486000
CY2023Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3819804000
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3793262000
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1649621000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1534331000
CY2023Q1 us-gaap Treasury Stock Value
TreasuryStockValue
87331000
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
83693000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
5515942000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
5377386000
CY2023Q1 us-gaap Secured Debt
SecuredDebt
3132493000
CY2022Q4 us-gaap Secured Debt
SecuredDebt
3062395000
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
6729493000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
6617395000
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
198683000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
199356000
CY2023Q1 wtrg Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
6530810000
CY2022Q4 wtrg Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
6418039000
CY2023Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
46294000
CY2022Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
46982000
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6484516000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6371057000
CY2023Q1 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
12000458000
CY2022Q4 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
11748443000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
5377386000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
191434000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.287
CY2023Q1 us-gaap Dividends Common Stock Paidinkind
DividendsCommonStockPaidinkind
1000
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.287
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
75876000
CY2023Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
97315
CY2023Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
4117000
CY2023Q1 wtrg Stock Issued During Period Shares New Issues Forward Equity Sale Agreement
StockIssuedDuringPeriodSharesNewIssuesForwardEquitySaleAgreement
399128
CY2023Q1 wtrg Stock Issued During Period Value New Issues Forward Equity Sale Agreement
StockIssuedDuringPeriodValueNewIssuesForwardEquitySaleAgreement
19294000
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
88051
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3911000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
222782
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2917
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
103000
CY2023Q1 wtrg Treasury Stock Reissued At Lower Than Repurchase Price Share Based Compensation
TreasuryStockReissuedAtLowerThanRepurchasePriceShareBasedCompensation
3143000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
253000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
5515942000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
5184450000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
199376000
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2682
CY2022Q1 us-gaap Dividends Common Stock Paidinkind
DividendsCommonStockPaidinkind
67821000
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2682
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
67863000
CY2022Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
93833
CY2022Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
4117000
CY2022Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
21290
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1012000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
57052
CY2022Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
28516
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1012000
CY2022Q1 wtrg Treasury Stock Reissued At Lower Than Repurchase Price Share Based Compensation
TreasuryStockReissuedAtLowerThanRepurchasePriceShareBasedCompensation
2580000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
261000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
5255100000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
191434000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
199376000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
83794000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
78346000
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-33257000
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-19774000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4532000
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5991000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3422000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2732000
CY2023Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
249000
CY2022Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
19000
CY2023Q1 wtrg Increase Decrease In Inventories Receivables And Prepayments
IncreaseDecreaseInInventoriesReceivablesAndPrepayments
-219624000
CY2022Q1 wtrg Increase Decrease In Inventories Receivables And Prepayments
IncreaseDecreaseInInventoriesReceivablesAndPrepayments
-49050000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-58361000
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5354000
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9311000
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-256000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
401628000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
310604000
CY2023Q1 wtrg Debt Component Of Allowance For Funds Used During Construction
DebtComponentOfAllowanceForFundsUsedDuringConstruction
1428000
CY2022Q1 wtrg Debt Component Of Allowance For Funds Used During Construction
DebtComponentOfAllowanceForFundsUsedDuringConstruction
1449000
CY2023Q1 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
243730000
CY2022Q1 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
183322000
CY2023Q1 us-gaap Payments To Acquire Waste Water Systems
PaymentsToAcquireWasteWaterSystems
136000
CY2022Q1 us-gaap Payments To Acquire Waste Water Systems
PaymentsToAcquireWasteWaterSystems
50009000
CY2023Q1 wtrg Proceeds From Sale Of Utility System And Other
ProceedsFromSaleOfUtilitySystemAndOther
337000
CY2022Q1 wtrg Proceeds From Sale Of Utility System And Other
ProceedsFromSaleOfUtilitySystemAndOther
19000
CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-321000
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-80000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-243208000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-233232000
CY2023Q1 wtrg Proceeds From Advances For Construction Financing Activities
ProceedsFromAdvancesForConstructionFinancingActivities
7010000
CY2022Q1 wtrg Proceeds From Advances For Construction Financing Activities
ProceedsFromAdvancesForConstructionFinancingActivities
2962000
CY2023Q1 wtrg Repayments Of Advances For Construction Financing Activities
RepaymentsOfAdvancesForConstructionFinancingActivities
984000
CY2022Q1 wtrg Repayments Of Advances For Construction Financing Activities
RepaymentsOfAdvancesForConstructionFinancingActivities
159000
CY2023Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-206000000
CY2022Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
14744000
CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
229770000
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
165000000
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
114889000
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
67023000
CY2023Q1 wtrg Proceeds From Repayments Of Bank Overdrafts Less Short Term Debt
ProceedsFromRepaymentsOfBankOverdraftsLessShortTermDebt
-8624000
CY2022Q1 wtrg Proceeds From Repayments Of Bank Overdrafts Less Short Term Debt
ProceedsFromRepaymentsOfBankOverdraftsLessShortTermDebt
-81722000
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4117000
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4117000
CY2023Q1 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
19294000
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
103000
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1012000
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3911000
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1012000
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
75808000
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
67821000
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
253000
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
261000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-149669000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29641000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8751000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
47731000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11398000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10567000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20149000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58298000
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
86136000
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
74451000
CY2023Q1 wtrg Non Cash Customer Advances And Contributions In Aid Of Construction
NonCashCustomerAdvancesAndContributionsInAidOfConstruction
13126000
CY2022Q1 wtrg Non Cash Customer Advances And Contributions In Aid Of Construction
NonCashCustomerAdvancesAndContributionsInAidOfConstruction
1829000
CY2023Q1 wtrg Disposal Group Including Discontinued Operation Inventory Gas Stored
DisposalGroupIncludingDiscontinuedOperationInventoryGasStored
2000
CY2022Q4 wtrg Disposal Group Including Discontinued Operation Inventory Gas Stored
DisposalGroupIncludingDiscontinuedOperationInventoryGasStored
2807000
CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
3656000
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
3284000
CY2023Q1 wtrg Disposal Group Including Discontinued Operation Current Portion Of Regulatory Assets
DisposalGroupIncludingDiscontinuedOperationCurrentPortionOfRegulatoryAssets
5826000
CY2022Q4 wtrg Disposal Group Including Discontinued Operation Current Portion Of Regulatory Assets
DisposalGroupIncludingDiscontinuedOperationCurrentPortionOfRegulatoryAssets
5076000
CY2023Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
9484000
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
11167000
CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
30807000
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
30267000
CY2023Q1 wtrg Disposal Group Including Discontinued Operation Regulatory Assets And Other
DisposalGroupIncludingDiscontinuedOperationRegulatoryAssetsAndOther
2152000
CY2022Q4 wtrg Disposal Group Including Discontinued Operation Regulatory Assets And Other
DisposalGroupIncludingDiscontinuedOperationRegulatoryAssetsAndOther
1857000
CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
32959000
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
32124000
CY2023Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
2355000
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
3263000
CY2023Q1 wtrg Disposal Group Including Discontinued Operation Regulatory Liabilities
DisposalGroupIncludingDiscontinuedOperationRegulatoryLiabilities
648000
CY2022Q4 wtrg Disposal Group Including Discontinued Operation Regulatory Liabilities
DisposalGroupIncludingDiscontinuedOperationRegulatoryLiabilities
649000
CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentLiabilities
300000
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentLiabilities
325000
CY2023Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
948000
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
974000
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
114732000
CY2022Q4 us-gaap Goodwill
Goodwill
2340792000
CY2023Q1 wtrg Reclassification Of Goodwill Acquisition Adjustment
ReclassificationOfGoodwillAcquisitionAdjustment
37000
CY2023Q1 us-gaap Goodwill
Goodwill
2340755000
CY2022Q4 wtrg Issuance Of Common Stock From Forward Equity Sale Agreement
IssuanceOfCommonStockFromForwardEquitySaleAgreement
500000000
CY2022Q2 wtrg Stock Purchase Contracts Shares Settled During Period
StockPurchaseContractsSharesSettledDuringPeriod
981919
CY2022Q2 wtrg Stock Purchase Contracts Shares Settled
StockPurchaseContractsSharesSettled
1166107
CY2022Q2 wtrg Stock Purchase Contracts Shares Settled
StockPurchaseContractsSharesSettled
6621315
CY2022Q2 wtrg Debt Instrument Convertible Settlement
DebtInstrumentConvertibleSettlement
1.18758
CY2022Q2 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
7863354
CY2023Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
131000
CY2022Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-278000
CY2023Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
131000
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-278000
CY2023Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
118269000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264192000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
261952000
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
559000
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
479000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
264751000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
262431000
CY2022Q1 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
9029461
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
152138
CY2023Q1 wtrg Performance Period Specified In Grant
PerformancePeriodSpecifiedInGrant
P3Y
CY2023Q1 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
22878000
CY2022Q1 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
23007000
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
11
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023Q1 us-gaap Revenues
Revenues
726450000
CY2022Q1 us-gaap Revenues
Revenues
699275000
CY2023Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
137994000
CY2022Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
142581000
CY2023Q1 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
256315000
CY2022Q1 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
227712000
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
83794000
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
78346000
CY2023Q1 wtrg Interest Expense Net Of Afudc
InterestExpenseNetOfAfudc
71849000
CY2022Q1 wtrg Interest Expense Net Of Afudc
InterestExpenseNetOfAfudc
53027000
CY2023Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
5688000
CY2022Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
5839000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-31637000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17233000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
191434000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
199376000
CY2023Q1 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
243730000
CY2022Q1 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
183322000
CY2023Q1 us-gaap Assets
Assets
15818266000
CY2022Q4 us-gaap Assets
Assets
15719107000
CY2023Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
19500000
CY2023Q1 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
1476000
CY2023Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
2327000
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.198
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.095
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023Q1 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
244537000

Files In Submission

Name View Source Status
wtrg-20230331_cal.xml Edgar Link unprocessable
wtrg-20230331_def.xml Edgar Link unprocessable
0001562762-23-000230-index-headers.html Edgar Link pending
0001562762-23-000230-index.html Edgar Link pending
0001562762-23-000230.txt Edgar Link pending
0001562762-23-000230-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
wtrg-20230331.xsd Edgar Link pending
wtrg-20230331x10q.htm Edgar Link pending
wtrg-20230331xex31_1.htm Edgar Link pending
wtrg-20230331xex31_2.htm Edgar Link pending
wtrg-20230331xex32_1.htm Edgar Link pending
wtrg-20230331xex32_2.htm Edgar Link pending
wtrg-20230331_lab.xml Edgar Link unprocessable
wtrg-20230331_pre.xml Edgar Link unprocessable
wtrg-20230331x10q_htm.xml Edgar Link completed