What is the primary revenue source for Essential Utilities (WTRG)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze WTRG's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Essential Utilities's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Essential Utilities Makes Money: WTRG Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

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Revenue grew while operating profit fell, so growth did not translate into better earnings.

The largest revenue segment accounts for 50.07% of revenue, indicating concentration.

Operating margin declined by 4.18 percentage points year over year.

Revenue: USD 1.39B
Largest revenue segment share (Natural Gas): 50.07%
Interest expense: USD 176.42M
Income tax expense: USD 9.78M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueOperating revenues · Revenues
Operating marginOperating income · operating_income / revenue * 100
Largest revenue segment share (Natural Gas)Natural Gas · segment_value / revenue * 100
Interest expenseInterest expense
Income tax expenseProvision for income taxes (benefit) · IncomeTaxExpenseBenefit

Assets

Where is the money tied up, and how is the company financed?

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Current assets do not cover near-term liabilities, indicating short-term funding pressure.

Property, plant and equipment: USD 14.75B
Goodwill: USD 2.35B
Accounts receivable: USD 207.80M
Shareholder equity: USD 7.02B

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YoY periods: H1 2026 compared with H1 2025

Source metrics

Accounts receivableAccounts receivable, net · AccountsReceivableNetCurrent
Shareholder equityTotal aqua america stockholders' equity · StockholdersEquity
Property, plant and equipmentNet property, plant and equipment · PropertyPlantAndEquipmentNet
GoodwillGoodwill · Goodwill

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 178.42% of net income.

Net income: USD 330.12M
Operating cash flow: USD 588.98M
Cash conversion: 178.42%

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income attributable to common shareholders · NetIncomeLoss
Operating cash flowsum(waterfull.operating)
Cash conversionoperating_cash_flow / net_income * 100

Capital expenditure data is missing, so free cash flow cannot be calculated.

Shareholders

Did the money earned actually make its way back to shareholders?

Neutral

The company returned cash to shareholders, but free cash flow data is missing, so coverage cannot be assessed.

Cash dividends: USD 194.17M
Share repurchases: USD 2.94M
Stock issuance proceeds: USD 7.52M
Net shareholder return: USD 189.59M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Stock issuance proceedsProceeds from issuance of common stock under dividend reinvestment plan · ProceedsFromIssuanceOfCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Cash dividendsPayments of dividends common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

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Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?