Filing Flows › Essential Utilities (WTRG) › Q2 2026 › vs Q1 2026
Essential Utilities (WTRG) Q2 2026 vs Q1 2026 (quarter over quarter)
Essential Utilities's revenue fell $331M (-38%) from $862M in Q1 2026 to $531M in Q2 2026. The biggest changes: Regulated Natural Gas −$360M (-68%); Regulated Water +$28.2M (+11%); Wastewater +$6.0M (+10%). Operating margin 36.4% against 36.0% (+0.4 pts).
Essential Utilities, Q2 2026: revenue $531M (+3% year over year), operating margin 36.4%, net earnings $106M, operating cash flow $324M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 36.4% | 36.0% | +0.4 pts |
| Net margin | 19.9% | 26.0% | -6.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Regulated Water | $291M | $263M | $28.2M | +11% |
| Regulated Natural Gas | $169M | $529M | −$360M | -68% |
| Wastewater | $63.1M | $57.1M | $6.0M | +10% |
| Other | $7.2M | $12.2M | −$5.0M | -41% |
| Revenue | $531M | $862M | −$331M | -38% |
| Operating profit | $193M | $311M | −$117M | -38% |
| Costs & expenses | $338M | $551M | −$214M | -39% |
| Pre-tax earnings | $109M | $231M | −$122M | -53% |
| Other expense, net | $84.2M | $79.9M | $4.3M | +5% |
| Net earnings | $106M | $224M | −$119M | -53% |
| Income tax | $3.4M | $6.4M | −$3.0M | -47% |
| Depreciation & amortization | $113M | $111M | $2.6M | +2% |
| Share-based compensation | $4.5M | $2.7M | $1.9M | +69% |
| Working capital & other | $100M | −$72.4M | $172M | — |
| Operating cash flow | $324M | $265M | $58.2M | +22% |
Questions
How much did Essential Utilities's revenue grow quarter over quarter in Q2 2026?
Essential Utilities's revenue fell $331M (-38%) from $862M in Q1 2026 to $531M in Q2 2026.
What drove Essential Utilities's revenue change in Q2 2026?
Regulated Natural Gas −$360M (-68%); Regulated Water +$28.2M (+11%); Wastewater +$6.0M (+10%).