Filing Flows › Essential Utilities (WTRG) › Q1 2026
Essential Utilities (WTRG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Essential Utilities (WTRG) reported revenue of $862M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +23% from the quarter before. Operating margin was 36.0%, net earnings $224M (26.0% of revenue).
Essential Utilities, Q1 2026: revenue $862M (+10% year over year), operating margin 36.0%, net earnings $224M, operating cash flow $265M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $862M | +23% | +10% |
| Operating profit | $311M | -74% | -8% |
| Net earnings | $224M | -64% | -21% |
| Operating cash flow | $265M | -79% | -11% |
What changed
Revenue was $861.8M in Q1 2026, up 10% year over year and up 23% from the previous quarter. Regulated Natural Gas was the largest line at 61% of revenue. Regulated Natural Gas added $58.6M year over year (up 12%), 75% of the total change. Other declined 18%.
Operating profit was $310.6M, a 36.0% margin (down 7.2 points year over year). Operating profit fell $28.3M even though revenue rose $78.1M versus Q1 2025, so costs grew faster than sales. Total costs grew 24% against revenue growth of 10%. Net earnings were $224.4M, down 21% year over year. The effective tax rate was 2.8%.
Operating cash flow was $265.4M (down 11% year over year), 118% of net earnings. Non-cash charges added back $110.7M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $72.4M.
Questions
What was Essential Utilities' revenue in the first quarter 2026?
Essential Utilities (WTRG) reported revenue of $862M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +23% from the quarter before.
Was Essential Utilities profitable in the first quarter 2026?
Operating profit was $311M (36.0% of revenue) and net earnings $224M.