Essential Utilities Inc
WTRG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$11.00 | Rhjnhh | Kxmpxlgq |
Essential Utilities Earnings: Warm Winter Offsets Core Earnings Growth in First Quarter
We reaffirm our $42 per share fair value estimate for Essential Utilities after the company reported earning $0.72 per share during the first quarter, down from $0.76 during the first quarter of 2022 primarily due to exceptionally warm winter weather that reduced gas use. Essential remains on track to meet our full-year outlook. We also reaffirm our narrow moat and stable moat trend ratings.