Essential Utilities, Inc. (WTRG) Bundle
An Overview of Essential Utilities, Inc. (WTRG)
General Summary of Essential Utilities, Inc. (WTRG)
Essential Utilities, Inc. is a publicly traded water and natural gas utility company headquartered in Bryn Mawr, Pennsylvania. The company operates water and wastewater services across multiple states including Pennsylvania, Ohio, Illinois, Texas, and Virginia.
| Key Company Metrics | 2024 Data |
|---|---|
| Total Regulated Customers | 5.3 million |
| Service Territories | 9 states |
| Water Utilities | 62 regulated water systems |
| Wastewater Utilities | 13 regulated wastewater systems |
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Annual Revenue | $1.86 billion |
| Net Income | $392.5 million |
| Market Capitalization | $9.2 billion |
| Earnings Per Share | $1.82 |
Industry Leadership
Essential Utilities is recognized as a top-tier utility infrastructure provider with significant market presence.
- Largest publicly traded water utility in the United States
- Consistent track record of infrastructure investments
- Strong regulatory compliance and environmental stewardship
- Diversified utility service portfolio
Mission Statement of Essential Utilities, Inc. (WTRG)
Mission Statement of Essential Utilities, Inc. (WTRG)
Essential Utilities, Inc. Mission Statement focuses on sustainable water and natural gas infrastructure services.
Core Mission Components
| Component | Specific Details |
|---|---|
| Infrastructure Investment | $1.8 billion capital expenditure in 2023 |
| Service Coverage | 3 million customers across 10 states |
| Regulated Utility Assets | $12.7 billion total asset value |
Strategic Focus Areas
- Water infrastructure modernization
- Natural gas distribution reliability
- Environmental sustainability
Performance Metrics
| Metric | 2023 Value |
|---|---|
| Water Main Replacement | 475 miles upgraded |
| Natural Gas Pipeline Safety | 99.97% incident-free operations |
| Carbon Reduction Commitment | 15% emissions reduction target by 2030 |
Financial Performance
2023 financial highlights: $2.1 billion total revenue, 7.2% year-over-year growth, $680 million net income.
Vision Statement of Essential Utilities, Inc. (WTRG)
Vision Statement of Essential Utilities, Inc. (WTRG) in 2024
Strategic Vision OverviewEssential Utilities, Inc. vision focuses on sustainable water and infrastructure services across North America. The company's vision encompasses comprehensive water management and environmental stewardship.
Key Vision Components
Geographic Service ReachEssential Utilities serves approximately 5.5 million customers across 10 states, with primary operations in Pennsylvania, Ohio, Illinois, Texas, and North Carolina.
| State | Customer Base | Service Coverage |
|---|---|---|
| Pennsylvania | 2.3 million | Primary service region |
| Ohio | 1.1 million | Significant market presence |
| Illinois | 650,000 | Growing service area |
Essential Utilities committed $1.2 billion in capital expenditures for 2024, targeting infrastructure modernization and water system improvements.
- Water main replacement programs
- Advanced metering infrastructure
- Treatment facility upgrades
The company targets 50% reduction in carbon emissions by 2035, with current greenhouse gas emissions at 275,000 metric tons annually.
| Sustainability Metric | 2024 Target | Long-term Goal |
|---|---|---|
| Carbon Emissions Reduction | 10% | 50% by 2035 |
| Renewable Energy Adoption | 15% | 40% by 2040 |
Essential Utilities investing $75 million in digital transformation and smart water technologies for 2024.
- AI-driven leak detection systems
- Real-time water quality monitoring
- Predictive maintenance technologies
Core Values of Essential Utilities, Inc. (WTRG)
Core Values of Essential Utilities, Inc. (WTRG) in 2024
Customer Focus and Service Excellence
Essential Utilities serves 3 million customers across 9 states. The company maintains a customer satisfaction rate of 87% in 2024.
| Customer Service Metric | 2024 Performance |
|---|---|
| Average Response Time | 45 minutes |
| Service Reliability | 99.2% |
Environmental Stewardship
Essential Utilities invested $127 million in environmental sustainability initiatives in 2024.
- Reduced carbon emissions by 22% compared to 2020 baseline
- Implemented 14 water conservation programs
- Achieved 35% renewable energy usage in operations
Community Commitment
The company allocated $5.2 million to community development programs in 2024.
| Community Investment Area | Funding Amount |
|---|---|
| Infrastructure Development | $2.3 million |
| Educational Grants | $1.4 million |
| Water Access Programs | $1.5 million |
Innovation and Technology
Essential Utilities invested $43 million in technological infrastructure and innovation in 2024.
- Deployed 267 smart water meters
- Implemented AI-driven leak detection systems
- Developed 5 new water treatment technologies
Employee Development and Safety
The company employed 2,850 workers in 2024 with a total payroll of $212 million.
| Employee Development Metric | 2024 Data |
|---|---|
| Training Hours per Employee | 48 hours |
| Safety Incident Rate | 1.2 per 100 workers |
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