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Essential Utilities (WTRG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Essential Utilities (WTRG) Q3 2026 earnings results →
Q3 2026 Revenue up 7% year over year to $508M · 20¢ of every $1 of revenue kept as net profit · operating margin 37.9%
Essential Utilities made $508M in Q3 2026 (+7% Y/Y): Regulated Water $313M, Regulated Natural Gas $123M, Wastewater $64.8M. Operating margin 37.9%, net earnings $104M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $508.3M in Q3 2026, up 7% year over year and down 4% from the previous quarter. Regulated Water was the largest line at 62% of revenue. Regulated Natural Gas added $14.1M year over year (up 13%), 45% of the total change.
Operating profit was $192.7M, a 37.9% margin (up 2.3 points year over year). Of the extra revenue versus Q3 2025, 73% reached operating profit, above the 36% margin then. Total costs grew 3% against revenue growth of 7%. Net earnings were $103.8M, up 13% year over year. The effective tax rate was 6.0%.
Operating cash flow was $229.2M (down 1% year over year), 221% of net earnings. Non-cash charges added back $114.3M of depreciation and amortization and $2.9M of share-based compensation. Capital expenditures of $435.6M exceeded it, leaving free cash flow of −$206.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $508M | +7% | 37.9% | $104M | $229M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $531M | +3% | 36.4% | $106M | $324M |
| Q1 2026 | 10-Q | May 7, 2026 | $862M | +10% | 36.0% | $224M | $265M |
| Q4 2025 | 10-K | Feb 26, 2026 | $699M | +16% | 32.5% | $133M | $206M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $477M | +10% | 35.6% | $92.1M | $233M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $515M | +18% | 36.0% | $108M | $272M |
| Q1 2025 | 10-Q | May 12, 2025 | $784M | +28% | 43.2% | $284M | $300M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Essential Utilities
Essential Utilities, Inc. (NYSE: WTRG) delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on water, wastewater, and natural gas, Essential is committed to sustainable growth, operational excellence, a superior customer experience, and premier employer status. We are advocates for the communities we serve and are dedicated stewards of natural lands, protecting thousands of acres of forests and other habitats throughout our footprint. Operating as the Aqua and Peoples brands, Essential serves approximately 5.5 million people across nine states. Essential is one of the most significant publicly traded water, wastewater service and natural gas providers in the U.S. Learn more at www.essential.co.
In its own words, from its 8-K, filed Aug 5, 2026.
Essential Utilities against its Water Supply peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +5%. Operating margin: 37.9% against the peers' median 35.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WTRG Essential Utilities | Q3 2026 | $508M | +7% | 37.9% |
| AWK American Water Works Company | Q3 2026 | $1.5B | +4% | 42.5% |
| CWT California Water Service | Q3 2026 | $331M | +5% | 25.0% |
| HTO H2O America | Q3 2026 | $250M | +4% | 24.2% |
| AWR American States Water | Q3 2026 | $193M | +5% | 35.0% |
| MSEX Middlesex Water | Q3 2026 | $60.2M | +11% | 37.0% |
| CWCO Consolidated Water | Q2 2026 | $32.9M | -2% | 11.4% |
| ARTNA Artesian Resources | Q2 2026 | $30.7M | +7% | 28.1% |
| YORW York Water | Q3 2026 | $24.3M | +20% | 43.3% |
Source: Essential Utilities 10-Q on SEC EDGAR · CIK 78128 · Water Supply
13F: who owns WTRG and who is buying
More on WTRG
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- Essential Utilities next earnings date and what analysts expect
- Essential Utilities stock forecast, price target and fair value
- Who owns Essential Utilities stock: holders, funds and Congress trades
- Is Essential Utilities a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results