Essential Utilities (WTRG) Q2 FY26 earnings call

Essential Utilities reported Q2 FY26 non-GAAP EPS of $0.38, reaffirming its 5% to 7% multi-year EPS growth guidance through 2027. The company continues to make significant progress on its merger with American Water, securing three regulatory approvals and advancing other state cases, with an expected close in Q1 2027. Capital investment remains a priority, with a record $1.7 billion planned for infrastructure upgrades this year, alongside a 5.25% dividend increase, despite ongoing regulatory scrutiny in Pennsylvania and inflationary pressures on fuel costs.