Essential Utilities Intrinsic Value – ESSENTIAL UTILITIES Reports Third Quarter FY2023 Earnings Results

November 21, 2023

🌥️Earnings Overview

For the third quarter of FY2023, ESSENTIAL UTILITIES ($NYSE:WTRG) reported total revenue of USD 411.3 million, a 5.4% decrease from the same period in FY2022. However, net income for the quarter increased by 16.7%, reaching USD 80.1 million.

Stock Price

On Tuesday, ESSENTIAL UTILITIES released its fiscal year 2023 earnings report for the third quarter. The stock opened at $34.9 and closed at $35.0, a decrease of 0.8% from its last closing price of $35.3. ESSENTIAL UTILITIES attributed this success to a focus on operational efficiency and cost containment.

Overall, the results of the quarter reflect positively on ESSENTIAL UTILITIES’ financial performance. Investors will be watching closely to see if the company can continue to build on this success in the coming quarters. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Essential Utilities. More…

    Total Revenues Net Income Net Margin
    2.28k 477.71 20.2%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Essential Utilities. More…

    Operations Investing Financing
    885.72 -1.27k 373.37
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Essential Utilities. More…

    Total Assets Total Liabilities Book Value Per Share
    16.43k 10.51k 21.68
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Essential Utilities are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    23.3% 21.1% 31.2%
    FCF Margin ROE ROA
    -14.6% 7.7% 2.7%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Essential Utilities Intrinsic Value

    GoodWhale has created an analysis report on the fundamentals of ESSENTIAL UTILITIES and has concluded that the fair value of their shares is around $47.9. This value is based on our proprietary Valuation Line, which utilizes a combination of financial analysis techniques to determine a company‚Äôs true worth. Currently, ESSENTIAL UTILITIES stock is traded at $35.0, which represents a 26.9% discount to its fair value. We believe that investors should take advantage of this opportunity and invest in ESSENTIAL UTILITIES now to potentially reap future rewards. More…

  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    Aris Water Solutions Inc, Premium Water Holdings Inc, and Global Water Resources Inc are its major competitors. Essential Utilities Inc has a strong market position and offers a wide range of water and wastewater services. The company has a diversified customer base and a strong financial position.

    – Aris Water Solutions Inc ($NYSE:ARIS)

    Aris Water Solutions Inc is a publicly traded company with a market cap of 398.68M as of 2022. The company has a Return on Equity of 3.88%. Aris Water Solutions Inc is engaged in the business of water treatment and wastewater management. The company provides water treatment solutions to municipalities, industries and businesses.

    – Premium Water Holdings Inc ($TSE:2588)

    Water Holdings Inc is a publicly traded company that provides water and wastewater services to residential, commercial, and industrial customers in the United States. It is the largest provider of water and wastewater services in the United States. The company has a market capitalization of $71.6 billion as of 2022 and a return on equity of 28.31%. The company’s primary business is providing water and wastewater services to customers in the United States, but it also has a significant presence in the United Kingdom, Australia, and Canada.

    – Global Water Resources Inc ($NASDAQ:GWRS)

    Global Water Resources Inc is a water resource management company. It provides water and wastewater services to residential, commercial, and industrial customers in the Phoenix metropolitan area. The company was founded in 1985 and is headquartered in Scottsdale, Arizona.

    Summary

    ESSENTIAL UTILITIES reported their Q3 FY2023 earnings, with total revenue of USD 411.3 million and a net income of USD 80.1 million. This represented a year-over-year decrease of 5.4% in revenue and an increase of 16.7% in net income. For investors, this data indicates that despite a decrease in revenue, the company is able to generate strong profits, and is thus a good candidate for further investment. Furthermore, its growth in net income indicates that cost-cutting measures taken by the company have been successful in improving operating efficiencies and increasing profitability.

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