2024 Q1 Form 10-K Financial Statement

#000156276224000047 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $612.1M $479.4M $2.054B
YoY Change -15.75% -32.03% -10.24%
Cost Of Revenue $129.7M $37.47M $352.3M
YoY Change -49.41% -84.84% -41.48%
Gross Profit $482.4M $442.0M $1.702B
YoY Change 2.61% -3.56% 0.92%
Gross Profit Margin 78.81% 92.18% 82.85%
Selling, General & Admin $1.095M $1.498M $6.942M
YoY Change -68.01% -48.91% -12.68%
% of Gross Profit 0.23% 0.34% 0.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $89.80M $88.21M $343.7M
YoY Change 7.17% 9.0% 7.01%
% of Gross Profit 18.62% 19.96% 20.2%
Operating Expenses $251.7M $268.0M $1.009B
YoY Change 2.89% -7.06% -1.51%
Operating Profit $230.7M $174.0M $692.1M
YoY Change 2.3% 2.36% 4.67%
Interest Expense -$67.60M -$69.85M $283.4M
YoY Change -193.03% 12.35% 19.0%
% of Operating Profit -29.31% -40.15% 40.94%
Other Income/Expense, Net $442.0K $612.0K $2.613M
YoY Change 84.17% -120.0% -628.95%
Pretax Income $255.1M $104.6M $431.8M
YoY Change 59.66% -0.31% -4.24%
Income Tax -$10.64M -$30.83M -$66.45M
% Of Pretax Income -4.17% -29.47% -15.39%
Net Earnings $265.8M $135.4M $498.2M
YoY Change 38.83% 17.85% 7.09%
Net Earnings / Revenue 43.42% 28.25% 24.26%
Basic Earnings Per Share $0.97 $1.86
Diluted Earnings Per Share $0.97 $0.50 $1.86
COMMON SHARES
Basic Shares Outstanding 273.3M 273.2M 267.2M
Diluted Shares Outstanding 273.7M 267.7M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.20M $4.612M $4.612M
YoY Change 74.7% -59.54% -59.54%
Cash & Equivalents $35.20M $4.612M
Short-Term Investments
Other Short-Term Assets $152.9M $492.0M $492.0M
YoY Change -15.11% 104.39% 104.39%
Inventory $66.80M $112.7M $112.7M
Prepaid Expenses
Receivables $164.6M $144.3M $139.4M
Other Receivables $0.00 $0.00 $4.887M
Total Short-Term Assets $419.5M $492.0M $492.0M
YoY Change -17.7% -25.25% -25.25%
LONG-TERM ASSETS
Property, Plant & Equipment $12.26B $12.10B $12.10B
YoY Change 8.51% 8.68% 8.27%
Goodwill $2.341B $2.341B
YoY Change 0.0% 0.0%
Intangibles $3.513M $3.593M
YoY Change -20.38% -21.96%
Long-Term Investments
YoY Change
Other Assets $1.999B $4.252B $4.252B
YoY Change 22.8% 175.62% 175.62%
Total Long-Term Assets $16.63B $16.35B $16.35B
YoY Change 8.66% 8.56% 8.56%
TOTAL ASSETS
Total Short-Term Assets $419.5M $492.0M $492.0M
Total Long-Term Assets $16.63B $16.35B $16.35B
Total Assets $17.05B $16.84B $16.84B
YoY Change 7.81% 7.14% 7.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $161.2M $221.2M $221.2M
YoY Change 3.52% -7.39% -7.39%
Accrued Expenses $130.1M $126.9M $180.0M
YoY Change 13.9% -2.88% 1.27%
Deferred Revenue
YoY Change
Short-Term Debt $87.50M $160.1M $160.1M
YoY Change 288.89% -29.92% -29.92%
Long-Term Debt Due $67.25M $67.42M $227.5M
YoY Change -66.15% -66.18% 14.14%
Total Short-Term Liabilities $678.6M $797.9M $797.9M
YoY Change -15.52% -21.91% -21.91%
LONG-TERM LIABILITIES
Long-Term Debt $6.856B $6.826B $6.826B
YoY Change 5.73% 7.14% 7.14%
Other Long-Term Liabilities $23.70M $24.09M $3.321B
YoY Change -13.15% -15.67% 107.19%
Total Long-Term Liabilities $6.880B $6.850B $10.15B
YoY Change 5.65% 7.04% 27.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $678.6M $797.9M $797.9M
Total Long-Term Liabilities $6.880B $6.850B $10.15B
Total Liabilities $7.558B $7.648B $10.95B
YoY Change 3.33% 3.05% 5.84%
SHAREHOLDERS EQUITY
Retained Earnings $1.889B $1.707B
YoY Change 14.48% 11.23%
Common Stock $4.281B $4.276B
YoY Change 8.28% 8.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $88.44M $86.49M
YoY Change 1.27% 3.34%
Treasury Stock Shares
Shareholders Equity $6.081B $5.896B $5.896B
YoY Change
Total Liabilities & Shareholders Equity $17.05B $16.84B $16.84B
YoY Change 7.81% 7.14% 7.14%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $265.8M $135.4M $498.2M
YoY Change 38.83% 17.85% 7.09%
Depreciation, Depletion And Amortization $89.80M $88.21M $343.7M
YoY Change 7.17% 9.0% 7.01%
Cash From Operating Activities $240.7M $129.0M $933.6M
YoY Change -40.07% 58.99% 55.52%
INVESTING ACTIVITIES
Capital Expenditures $253.0M $324.6M $1.199B
YoY Change 3.8% -5.38% 12.83%
Acquisitions
YoY Change
Other Investing Activities $48.00K $21.59M $19.08M
YoY Change -114.95% -277.6% -7140.59%
Cash From Investing Activities -$86.48M -$303.0M -$1.222B
YoY Change -64.44% -14.7% 3.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$12.02M
YoY Change -1108.72%
Debt Paid & Issued, Net $586.6M $876.4M
YoY Change 410.62% -10.32%
Cash From Financing Activities -123.6M 170.1M 281.4M
YoY Change -17.39% -35.1% -51.39%
NET CHANGE
Cash From Operating Activities 240.7M 129.0M 933.6M
Cash From Investing Activities -86.48M -303.0M -1.222B
Cash From Financing Activities -123.6M 170.1M 281.4M
Net Change In Cash 30.59M -3.893M -6.786M
YoY Change 249.54% -67.47% -916.61%
FREE CASH FLOW
Cash From Operating Activities $240.7M $129.0M $933.6M
Capital Expenditures $253.0M $324.6M $1.199B
Free Cash Flow -$12.29M -$195.6M -$265.5M
YoY Change -107.78% -25.33% -42.59%

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<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: italic;font-weight: bold;margin: 0;padding: 0;">Nature of Operations</span><span style="white-space:pre-wrap; font-family: 'Garamond', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: italic;font-weight: bold;margin: 0;padding: 0;">─</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> Essential Utilities, Inc. (“Essential Utilities,” the “Company,” “we,” “our”, or “us”) is the holding company for regulated utilities providing water, wastewater, or natural gas services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, and Kentucky under the Aqua and Peoples brands. One of our largest operating subsidiaries is Aqua Pennsylvania, Inc., which accounted for approximately </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">56</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">% of our Regulated Water segment’s operating revenues and approximately </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">68</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">% of our Regulated Water segment’s income for 2023. As of December 31, 2023, Aqua Pennsylvania provided water or wastewater services to approximately one-half of the total number of Regulated Water customers we serve. Aqua Pennsylvania’s service territory is located in the suburban areas north and west of the City of Philadelphia and in </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">27</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> other counties in Pennsylvania. The Company’s other regulated water or wastewater utility subsidiaries provide similar services in </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">seven</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> additional states. Our Peoples subsidiaries provide natural gas service to approximately </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">744,000</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> customers in western Pennsylvania and Kentucky.</span><span style="white-space:pre-wrap; font-family: 'Garamond', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Approximately </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">95</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">% of the total number of natural gas utility customers we serve are in western Pennsylvania. The Company also operates market-based activities, conducted through its non-regulated subsidiaries, that provide utility service line protection solutions and repair services to households and gas marketing and production activities. </span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">In December 2022, the Company signed an agreement to sell its regulated natural gas utility assets in West Virginia, which represented approximately </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">two</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> percent of the Company’s regulated natural gas customers. The sale closed on October 1, 2023, and concluded our regulated utility operations in West Virginia. In October 2023, the Company entered into an agreement to sell its interest in </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">three</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> non-utility local microgrid and distribution energy projects. This sale was completed in January 2024</span><span style="white-space:pre-wrap; font-family: 'Garamond', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">. </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">See Note 6 – </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: italic;font-weight: normal;margin: 0;padding: 0;">Assets Held for Sale and Dispositions</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> for further information.</span><span style="white-space:pre-wrap; font-family: 'Garamond', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p>
CY2023 wtrg Number Of Non Utility Local Microgrid And Distribution Energy Projects Sold
NumberOfNonUtilityLocalMicrogridAndDistributionEnergyProjectsSold
3
CY2023Q4 us-gaap Public Utilities Property Plant And Equipment Amount Of Acquisition Adjustments1
PublicUtilitiesPropertyPlantAndEquipmentAmountOfAcquisitionAdjustments1
6444000
CY2022Q4 us-gaap Public Utilities Property Plant And Equipment Amount Of Acquisition Adjustments1
PublicUtilitiesPropertyPlantAndEquipmentAmountOfAcquisitionAdjustments1
6076000
CY2023 wtrg Public Utilities Property Plant And Equipment Amortization Of Acquisition Adjustments
PublicUtilitiesPropertyPlantAndEquipmentAmortizationOfAcquisitionAdjustments
2103000
CY2022 wtrg Public Utilities Property Plant And Equipment Amortization Of Acquisition Adjustments
PublicUtilitiesPropertyPlantAndEquipmentAmortizationOfAcquisitionAdjustments
2788000
CY2021 wtrg Public Utilities Property Plant And Equipment Amortization Of Acquisition Adjustments
PublicUtilitiesPropertyPlantAndEquipmentAmortizationOfAcquisitionAdjustments
2842000
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CapitalizedCostsIncludedInPropertyPlantAndEquipment
1635000
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DeferredCostsCurrentAndNoncurrent
44238000
CY2023 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: italic;font-weight: bold;margin: 0;padding: 0;">Impairment of Long-Lived Assets</span><span style="white-space:pre-wrap; font-family: 'Garamond', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> -</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> Long-lived assets of the Company, which consist primarily of utility plant in service, operating lease right-of-use assets and intangible assets, are reviewed for impairment when changes in circumstances or events occur. These circumstances or events could include a decline in the market value or physical condition of a long-lived asset, an adverse change in the manner in which long-lived assets are used or planned to be used, a change in historical trends, operating cash flows associated with the long-lived assets, changes in macroeconomic conditions, industry and market conditions, or overall financial performance. When these circumstances or events occur, the Company determines whether it is more likely than not that the fair value of those assets is less than their carrying amount. If the Company determines that it is more likely than not (that is, the likelihood of more than 50 percent), the Company would recognize an impairment charge if it is determined that the carrying amount of an asset exceeds the sum of the undiscounted estimated cash flows. In this circumstance, the Company would recognize an impairment charge equal to the difference between the carrying amount and the fair value of the asset. Fair value is estimated to be the </span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">present value of future net cash flows associated with the asset, discounted using a discount rate commensurate with the risk and remaining life of the asset. During the years ended December 31, 2022 and 2021, the Company recorded an impairment loss to write down a portion of the operating lease right-of-use asset for office space not used in operations to fair value. Refer to Note 10 – </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: italic;font-weight: normal;margin: 0;padding: 0;">Leases</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">, for further details. </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Regulatory assets are reviewed for the continued application of the FASB accounting guidance for regulated operations. The Company’s review determines whether there have been changes in circumstances or events, such as regulatory disallowances, or abandonments, that have occurred that require adjustments to the carrying value of these assets. Adjustments to the carrying value of these assets would be made in instances where their inclusion in the rate-making process is unlikely. For utility plant in service, we would recognize an impairment loss for any amount disallowed by the respective utility commission. </span>
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PublicUtilitiesAmountOfAllowanceForFundsUsedDuringConstructionEquityCostsCapitalizedOnlyForRateMakingPurposes
11726000
CY2022Q4 us-gaap Public Utilities Amount Of Allowance For Funds Used During Construction Equity Costs Capitalized Only For Rate Making Purposes
PublicUtilitiesAmountOfAllowanceForFundsUsedDuringConstructionEquityCostsCapitalizedOnlyForRateMakingPurposes
17618000
CY2021Q4 us-gaap Public Utilities Amount Of Allowance For Funds Used During Construction Equity Costs Capitalized Only For Rate Making Purposes
PublicUtilitiesAmountOfAllowanceForFundsUsedDuringConstructionEquityCostsCapitalizedOnlyForRateMakingPurposes
16282000
CY2022 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
0
CY2023 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
0
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BankAcceptancesExecutedAndOutstanding
13358000
CY2022Q4 us-gaap Bank Acceptances Executed And Outstanding
BankAcceptancesExecutedAndOutstanding
28694000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
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CurrentFederalTaxExpenseBenefit
1913000
CY2021Q4 us-gaap Goodwill
Goodwill
2340815000
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ReclassificationOfGoodwillAcquisitionAdjustment
-23000
CY2022Q4 us-gaap Goodwill
Goodwill
2340792000
CY2023 wtrg Reclassification Of Goodwill Acquisition Adjustment
ReclassificationOfGoodwillAcquisitionAdjustment
-54000
CY2023Q4 us-gaap Goodwill
Goodwill
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25237000
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165000000
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PropertyPlantAndEquipmentGross
14977021000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13737387000
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BilledContractReceivables
199986000
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BilledContractReceivables
265504000
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OtherReceivables
4887000
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OtherReceivables
4801000
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204873000
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AccountsReceivableGross
270305000
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AllowanceForDoubtfulAccountsReceivable
60573000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
63981000
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144300000
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
206324000
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NumberOfCustomersWhoAccountedForMoreThan1OfOperatingRevenues
0
CY2022 wtrg Number Of Customers Who Accounted For More Than1 Of Operating Revenues
NumberOfCustomersWhoAccountedForMoreThan1OfOperatingRevenues
0
CY2023 wtrg Number Of Customers Who Accounted For More Than1 Of Operating Revenues
NumberOfCustomersWhoAccountedForMoreThan1OfOperatingRevenues
0
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313500000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
63981000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
58073000
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AllowanceForDoubtfulAccountsReceivable
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23209000
CY2022 us-gaap Premium Receivable Credit Loss Expense Reversal
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27631000
CY2021 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
27336000
CY2023 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
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CY2022 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
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CY2023 us-gaap Premiums Receivable Allowance For Doubtful Accounts Recoveries
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CY2022 us-gaap Premiums Receivable Allowance For Doubtful Accounts Recoveries
PremiumsReceivableAllowanceForDoubtfulAccountsRecoveries
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CY2021 us-gaap Premiums Receivable Allowance For Doubtful Accounts Recoveries
PremiumsReceivableAllowanceForDoubtfulAccountsRecoveries
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023Q4 us-gaap Regulatory Assets
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CY2023Q4 us-gaap Regulatory Liabilities
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CY2022Q4 us-gaap Regulatory Assets
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1362025000
CY2022Q4 us-gaap Regulatory Liabilities
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814030000
CY2023 wtrg Tax Adjustment Amortization Period
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P10Y
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AmortizationOfDeferredRepairTaxAdjustment
38000000
CY2014 wtrg Amortization Of Deferred Repair Tax Adjustment
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38000000
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AmortizationOfDeferredRepairTaxAdjustment
38000000
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AmortizationOfDeferredRepairTaxAdjustment
38000000
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38000000
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AmortizationOfDeferredRepairTaxAdjustment
38000000
CY2019 wtrg Amortization Of Deferred Repair Tax Adjustment
AmortizationOfDeferredRepairTaxAdjustment
38000000
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CurrentStateAndLocalTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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41602000
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CY2021 us-gaap Income Tax Expense Benefit
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-9612000
CY2023Q4 wtrg Valuation Allowance For State Deferred Tax Assets
ValuationAllowanceForStateDeferredTaxAssets
10969000
CY2020Q1 wtrg Deferred Income Tax Benefit Catch Up Bonus
DeferredIncomeTaxBenefitCatchUpBonus
160655000
CY2022 wtrg Reduction In Income Tax Expense Benefit Through Surcredit
ReductionInIncomeTaxExpenseBenefitThroughSurcredit
22848000
CY2023 wtrg Reduction In Income Tax Expense Benefit Through Surcredit
ReductionInIncomeTaxExpenseBenefitThroughSurcredit
22848000
CY2022 wtrg Income Tax Expense Benefit Catch Up Adjustment Amount
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14251000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18217000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20201000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19194000
CY2023 wtrg Unrecognized Tax Benefits Increase Decrease Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromCurrentPeriodTaxPositions
7219000
CY2022 wtrg Unrecognized Tax Benefits Increase Decrease Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromCurrentPeriodTaxPositions
-900000
CY2021 wtrg Unrecognized Tax Benefits Increase Decrease Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromCurrentPeriodTaxPositions
1007000
CY2022 wtrg Unrecognized Tax Benefits Change In Enacted Tax Rate
UnrecognizedTaxBenefitsChangeInEnactedTaxRate
1084000
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
17538000
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7898000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18217000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20201000
CY2023 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
23000
CY2022 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
118000
CY2021 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
409000
CY2023Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
144000
CY2022Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
620000
CY2023Q4 wtrg Deferred Tax Assets Customers Advances For Construction
DeferredTaxAssetsCustomersAdvancesForConstruction
20332000
CY2022 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
90024000
CY2021 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
86641000
CY2022Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
235838000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
11529000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
13558000
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1378000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
9613000
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
570942000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
351205000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
149486000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
38940000
CY2023Q4 us-gaap Deferred Tax Assets Net
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421456000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
312265000
CY2023Q4 wtrg Deferred Tax Liabilities Utility Plant Principally Due To Depreciation And Differences In Basis Of Fixed Assets Due To Variation In Tax And Book Accounting
DeferredTaxLiabilitiesUtilityPlantPrincipallyDueToDepreciationAndDifferencesInBasisOfFixedAssetsDueToVariationInTaxAndBookAccounting
1662741000
CY2022Q4 wtrg Deferred Tax Liabilities Utility Plant Principally Due To Depreciation And Differences In Basis Of Fixed Assets Due To Variation In Tax And Book Accounting
DeferredTaxLiabilitiesUtilityPlantPrincipallyDueToDepreciationAndDifferencesInBasisOfFixedAssetsDueToVariationInTaxAndBookAccounting
1495526000
CY2023Q4 wtrg Deferred Tax Liabilities Deferred Taxes Associated With Gross Up Of Revenues Necessary To Recover In Rates Effect Of Temporary Differences
DeferredTaxLiabilitiesDeferredTaxesAssociatedWithGrossUpOfRevenuesNecessaryToRecoverInRatesEffectOfTemporaryDifferences
348646000
CY2022Q4 wtrg Deferred Tax Liabilities Deferred Taxes Associated With Gross Up Of Revenues Necessary To Recover In Rates Effect Of Temporary Differences
DeferredTaxLiabilitiesDeferredTaxesAssociatedWithGrossUpOfRevenuesNecessaryToRecoverInRatesEffectOfTemporaryDifferences
128975000
CY2022Q4 wtrg Deferred Tax Liabilities Tax Effect Of Regulatory Asset For Postretirement Benefits
DeferredTaxLiabilitiesTaxEffectOfRegulatoryAssetForPostretirementBenefits
6130000
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
10301000
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
12250000
CY2023Q4 wtrg Deferred Tax Liabilities Tax Effect Of Regulatory Liabilities For Post Retirement Benefits
DeferredTaxLiabilitiesTaxEffectOfRegulatoryLiabilitiesForPostRetirementBenefits
28092000
CY2022Q4 wtrg Deferred Tax Liabilities Tax Effect Of Regulatory Liabilities For Post Retirement Benefits
DeferredTaxLiabilitiesTaxEffectOfRegulatoryLiabilitiesForPostRetirementBenefits
15150000
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2049780000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1658031000
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1628324000
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1345766000
CY2024Q4 wtrg Cumulative State Valuation Allowance
CumulativeStateValuationAllowance
1950378000
CY2023Q4 wtrg Cumulative Federal Charitable Contribution
CumulativeFederalCharitableContribution
48014000
CY2023Q4 wtrg Cumulative Federal Charitable Contribution Valuation Allowance
CumulativeFederalCharitableContributionValuationAllowance
38798000
CY2023Q4 wtrg Cumulative State Charitable Contribution
CumulativeStateCharitableContribution
77263000
CY2023Q4 wtrg Cumulative State Charitable Contribution Valuation Allowance
CumulativeStateCharitableContributionValuationAllowance
71354000
CY2022 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
244537000
CY2023 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
90208000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
147319000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
21556000
CY2023Q4 wtrg Estimated Annual Commitments To Purchase Water Through Next Five Years
EstimatedAnnualCommitmentsToPurchaseWaterThroughNextFiveYears
3397000
CY2023 wtrg Long Term Purchase Aggregate Commitment Remaining Years
LongTermPurchaseAggregateCommitmentRemainingYears
1081000
CY2023 wtrg Purchase Obligation Term
PurchaseObligationTerm
P20Y
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
RecordedUnconditionalPurchaseObligationDueWithinOneYear
1136000
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Second Year
RecordedUnconditionalPurchaseObligationDueInSecondYear
1151000
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Third Year
RecordedUnconditionalPurchaseObligationDueInThirdYear
1176000
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Fourth Year
RecordedUnconditionalPurchaseObligationDueInFourthYear
1203000
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Fifth Year
RecordedUnconditionalPurchaseObligationDueInFifthYear
1230000
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due After Fifth Year
RecordedUnconditionalPurchaseObligationDueAfterFifthYear
1733000
CY2023 wtrg Long Term Purchase Agreement
LongTermPurchaseAgreement
6752000
CY2022 wtrg Long Term Purchase Agreement
LongTermPurchaseAgreement
5559000
CY2021 wtrg Long Term Purchase Agreement
LongTermPurchaseAgreement
5867000
CY2023 wtrg Purchased Water Under Long Term Agreements
PurchasedWaterUnderLongTermAgreements
1103000
CY2022 wtrg Purchased Water Under Long Term Agreements
PurchasedWaterUnderLongTermAgreements
1061000
CY2021 wtrg Purchased Water Under Long Term Agreements
PurchasedWaterUnderLongTermAgreements
1017000
CY2023 wtrg Water Treatment Expense Under Contractual Agreement
WaterTreatmentExpenseUnderContractualAgreement
352306000
CY2022 wtrg Water Treatment Expense Under Contractual Agreement
WaterTreatmentExpenseUnderContractualAgreement
601995000
CY2021 wtrg Water Treatment Expense Under Contractual Agreement
WaterTreatmentExpenseUnderContractualAgreement
340262000
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
24643000
CY2023Q4 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
1340000
CY2023 wtrg Contingent Liability For Self Insured Employee Medical Benefit Program
ContingentLiabilityForSelfInsuredEmployeeMedicalBenefitProgram
1846000
CY2022 wtrg Contingent Liability For Self Insured Employee Medical Benefit Program
ContingentLiabilityForSelfInsuredEmployeeMedicalBenefitProgram
2327000
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P50Y
CY2022Q1 us-gaap Net Rentable Area
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37000
CY2022Q1 us-gaap Liabilities Subject To Compromise Early Contract Termination Fees
LiabilitiesSubjectToCompromiseEarlyContractTerminationFees
2812000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1753000
CY2022Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
1801000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
9307000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
9359000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
9716000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
9149000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
9270000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
37416000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
41734000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7360000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9316000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34425000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
37666000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
41785000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
46982000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y1M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y8M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0487
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0342
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9037000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8955000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7211000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7122000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6811000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
13902000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
53038000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
53038000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
41785000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11253000
CY2023Q4 us-gaap Other Restricted Assets
OtherRestrictedAssets
4553903000
CY2023Q4 us-gaap Assets Net
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5896183000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
67415000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
237728000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
7032000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
5736958000
CY2023Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0414
CY2022Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0394
CY2023Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
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0.0386
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.0378
CY2023 us-gaap Line Of Credit Facility Interest Rate During Period
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0.0630
CY2022 us-gaap Line Of Credit Facility Interest Rate During Period
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0.0311
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3401000
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3675000
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2384000
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
283362000
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
238116000
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
207709000
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
5241000
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
6047000
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4510000
CY2023 us-gaap Equity Securities Fv Ni Gain Loss
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582000
CY2022 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-895000
CY2021 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
607000
CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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582000
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-895000
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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607000
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
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128755000
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
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114732000
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.50
CY2023Q4 us-gaap Shares Outstanding
SharesOutstanding
273296037
CY2022Q4 us-gaap Shares Outstanding
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263737084
CY2021Q4 us-gaap Shares Outstanding
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252867623
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
3299191
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
3236237
CY2021Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
3234765
CY2022Q4 wtrg Issuance Of Common Stock From Forward Equity Sale Agreement
IssuanceOfCommonStockFromForwardEquitySaleAgreement
500000000
CY2020Q3 wtrg Available For Sale Securities Equity Shares
AvailableForSaleSecuritiesEquityShares
6700000
CY2020Q3 us-gaap Equity Fair Value Disclosure
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0
CY2021Q3 wtrg Stock Purchase Contracts Settled Issuance Of Common Shares
StockPurchaseContractsSettledIssuanceOfCommonShares
6700000
CY2021Q3 wtrg Proceeds From Shares Issued Gross
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299739000
CY2021Q3 us-gaap Share Price
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44.74
CY2021Q3 wtrg Stock Purchase Contracts Initial Forward Price
StockPurchaseContractsInitialForwardPrice
46.00
CY2023 wtrg Proceeds From Shares Issued Gross
ProceedsFromSharesIssuedGross
570919000
CY2023 wtrg Proceeds From Shares Issued Issuance Costs
ProceedsFromSharesIssuedIssuanceCosts
13530000
CY2023 wtrg Stock Purchase Contracts Initial Principal Amount
StockPurchaseContractsInitialPrincipalAmount
8.62909
CY2023 wtrg Stock Purchase Contracts Aggregate Initial Principal Amount
StockPurchaseContractsAggregateInitialPrincipalAmount
119081000
CY2023 wtrg Stock Purchase Contracts Interest Rate
StockPurchaseContractsInterestRate
0.0300
CY2023 wtrg Stock Purchase Contracts Quarterly Cash Installments
StockPurchaseContractsQuarterlyCashInstallments
0.75000
CY2023 wtrg Stock Purchase Contracts Cash Installments
StockPurchaseContractsCashInstallments
0.80833
CY2023 wtrg Stock Purchase Contracts Interest And Partial Repayment
StockPurchaseContractsInterestAndPartialRepayment
0.0600
CY2022 wtrg Stock Purchase Contracts
StockPurchaseContracts
981919
CY2022 wtrg Stock Purchase Contracts Settled
StockPurchaseContractsSettled
1166107
CY2022Q2 wtrg Stock Purchase Contracts
StockPurchaseContracts
6621315
CY2022Q2 wtrg Stock Purchase Contracts Settled Ratio
StockPurchaseContractsSettledRatio
1.18758
CY2022Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
7863354
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1770819
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1.00
CY2015Q1 wtrg Aggregate Common And Preferred Shares Authorized Value
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500000000
CY2023 wtrg Business Combination Shares Available For Issuance
BusinessCombinationSharesAvailableForIssuance
487155000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
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0.05
CY2023 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
430487
CY2022 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
368278
CY2021 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
374824
CY2023 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
16005000
CY2022 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
16619000
CY2021 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
16799000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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267171000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
262246000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
257487000
CY2021 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
189000
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
488000
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
622000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
504000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
267659000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
262868000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
258180000
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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148725
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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77506
CY2022 us-gaap Weighted Average Number Of Shares Contingently Issuable
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2932010
CY2021 us-gaap Weighted Average Number Of Shares Contingently Issuable
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9041687
CY2023 wtrg Equity Per Common Share
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21.57
CY2022 wtrg Equity Per Common Share
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20.39
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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0
CY2023 us-gaap Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
30347000
CY2022 us-gaap Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
17757000
CY2023Q4 wtrg Settlement Loss Recorded As Regulatory Asset
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5173000
CY2023 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
352306000
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.068
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
9393000
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23519000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21758000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19569000
CY2023 wtrg Number Of States
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8
CY2023 wtrg Infrastructure Rehabilitation Surcharge Percentage Reset Level Upon New Base Rates
InfrastructureRehabilitationSurchargePercentageResetLevelUponNewBaseRates
0
CY2023 wtrg Infrastructure Rehabilitation Surcharges
InfrastructureRehabilitationSurcharges
20261000
CY2022 wtrg Infrastructure Rehabilitation Surcharges
InfrastructureRehabilitationSurcharges
26902000
CY2021 wtrg Infrastructure Rehabilitation Surcharges
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33771000
CY2023 us-gaap Number Of Operating Segments
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11
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023 us-gaap Number Of Reportable Segments
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2
CY2023 us-gaap Revenues
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2053824000
CY2023 us-gaap Utilities Operating Expense Maintenance And Operations
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575518000
CY2023 us-gaap Depreciation And Amortization
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343695000
CY2023 wtrg Interest Expense Net Of Afudc
InterestExpenseNetOfAfudc
279961000
CY2023 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
16967000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-66445000
CY2023 us-gaap Net Income Loss
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498226000
CY2023 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
1199103000
CY2023Q4 us-gaap Assets
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16841459000
CY2022 us-gaap Revenues
Revenues
2288032000
CY2022 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
613649000
CY2022 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
601995000
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
321177000
CY2022 wtrg Interest Expense Net Of Afudc
InterestExpenseNetOfAfudc
234441000
CY2022 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
23665000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-14329000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
465237000
CY2022 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
1062763000
CY2022Q4 us-gaap Assets
Assets
15719107000
CY2021 us-gaap Revenues
Revenues
1878144000
CY2021 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
550580000
CY2021 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
340262000
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
297952000
CY2021 wtrg Interest Expense Net Of Afudc
InterestExpenseNetOfAfudc
205325000
CY2021 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
20792000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9612000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
431612000
CY2021 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
1020519000
CY2021Q4 us-gaap Assets
Assets
14658278000
CY2023 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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