Essential Utilities Inc

WTRG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$56.00	Kpzbcwx	Scffqvqt

Water Acquisitions Take Back Seat to Gas in Essential Utilities' Growth Plan

Travis Miller

Nov 16, 2023

Business Strategy and Outlook

For more than 50 years, Essential Utilities—formerly Aqua America—was one of the few pure-play water utilities in the United States. But its $4.3 billion acquisition of Peoples Natural Gas in March 2020 made the company nearly 50% larger and diversified its earnings mix.

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