Essential Utilities, Inc. · NYSE:WTRG
Essential Utilities — Q3 2026 Earnings Presentation
20 slides from Essential Utilities's earnings presentation, Nov 4, 2026
Slide 1: Third Quarter 2026 Earnings Call
NYSE Third Quarter 2026 LISTED WTRG Earnings Call November 4th, 2026 February 2024
Slide 2: Ed Vallejo, Director Investor Relations
Ed Vallejo Director Investor Relations 2
Slide 3: Forward Looking Statement
Forward Looking Statement This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates,” and similar expressions. The Company can give no
Slide 4: Christopher Franklin, Chairman and CEO
Christopher Franklin Chairman and Chief Executive Officer 4
Slide 5: Corporate Updates
Corporate Updates PA ALJ Progress continues Q3 2026 EPS recommended on proposed merger $0.36 GAAP decision in with American $0.38 Non-GAAP Peoples Gas case Water for $105 million On track to Declared invest $1.7 quarterly billion in dividend payable infrastructure December 1, 2026 improvements 5
Slide 6: Continued Progress on the Path to Merger Close
Continued Progress on the Path to Merger Close 6
Slide 7: Daniel Schuller, EVP, Chief Financial Officer
Daniel Schuller EVP, Chief Financial Officer 7
Slide 8: Earnings Per Common Share
Earnings Per Common Share Q3 2026 vs. Q3 2025 $0.50 $0.45 Non-GAAP $0.01 GAAP $0.40 $0.06 GAAP $0.02 $0.38 $0.36 $0.35 $0.33 -$0.04 $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $0.00 Q3 2025 Rates & Surcharges Volume - Gas Other Q3 2026 Pre-Merger Expenses Q3 2026 1 8
Slide 9: Regulatory Activity
Regulatory Activity As of November 4th, 2026 2026 COMPLETED PENDING REGULATORY REGULATORY RECOVERIES RECOVERIES Water segment base rate cases or Water segment base rate cases or surcharges in OH, IN, IL, NC, PA and NJ surcharges in TX, VA, IL, IN and NJ with with annualized revenue increase of reque
Slide 10: Christopher Franklin, Chairman and CEO
Christopher Franklin Chairman and Chief Executive Officer 10
Slide 11: Continued Water and Wastewater Acquisition Success
Continued Water and Wastewater Acquisition Success Transactions Selected Pending Transactions(2) Cumulative Additions of Customers Closed in 2026 Through Acquisitions Since 2015 PA PA PA GREENVILLE DELCORA Buckingham Springs (3) Over 138,000 1 160,000 • Water • Wastewater • Water/Wastewater water an
Slide 12: For More Information Contact
For More Information Contact: Ed Vallejo Director, Investor Relations (267) 370-9717 [email protected] 12
Slide 13: Appendix
4 Essential 13
Slide 14: Earnings Per Common Share YTD
Earnings Per Common Share YTD September 30, 2026 vs. YTD September 30, 2025 Change in Earnings per Share $2.20 GAAP GAAP Non-GAAP $2.00 $0.20 $0.02 $0.01 $(0.02) $1.80 $1.73 $(0.11) $1.60 $0.05 $1.58 $1.53 $(0.30) $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $0.00 YTD Q3 2025 Rates & Surcharges Volume
Slide 15: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures 15
Slide 16: GAAP to Non-GAAP Reconciliation: Three Months Ended September 30, 2026
GAAP to Non-GAAP Reconciliation Three Months Ended September 30, 2026 (in millions, except per share data) 3Q 2026 Net income (GAAP financial measure) $ 103,835 Adjustments: Costs associated with the pending merger 4,934 Income tax effect of non-GAAP adjustments (1,328) Adjusted income (Non-GAAP fin
Slide 17: GAAP to Non-GAAP Reconciliation: Nine Months Ended September 30, 2026
GAAP to Non-GAAP Reconciliation Nine Months Ended September 30, 2026 (in millions, except per share data) YTD Net income (GAAP financial measure) $ 433,952 Adjustments: Costs associated with the pending merger 22,455 Income tax effect of non-GAAP adjustments (6,045) Adjusted income (Non-GAAP financi
Slide 18: State by State Comparison of Services
Water and Wastewater Gas Distribution Water Wastewater Total Total Rate Base Rate Base State Connections Connections Customers Customers (millions) (millions) (thousands) (thousands) (thousands) (thousands) PA $4,850 460.0 68.0 528.0 $4,454 706.3 State by State IL $609 69.9 24.9 94.8 Comparison OH T
Slide 19: Regulatory Activity Completed
Annualized Docket Revenue State Effective Date Segment Type Number Increase ($ 000's) 1/1/2026 N/A Water Rate Case 889 Ohio 1/1/2026 N/A Water Rate Case 945 7/22/2026 25-594-WW-AIR Water Rate Case* 9,496 7/22/2026 25-593-ST-AIR Wastewater Rate Case* 1,040 1/1/2026 N/A Wastewater Rate Case 117 Indian
Slide 20: Regulatory Activity Pending
Requested Annualized State Docket Number Segment Type Regulatory Revenue Increase ($ 000's) Activity Texas 58124 Water Rate Case 29,148 Virginia CASE NO. PUR-2025-00071 Water Rate Case 7,927 New Jersey WR26010017 Water Rate Case 7,886 Pending Indiana Cause No. 46425 Wastewater Rate Case 7,081 Illino