Essential Utilities, Inc. · NYSE:WTRG
Essential Utilities — Investor Presentation (August 2026)
27 slides from Essential Utilities's investor presentation, August 2026
Slide 1: Investor Presentation
NYSE Investor Presentation LISTED WTRG August | 2026
Slide 2: 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 3: Corporate Updates
Corporate Updates Received Merger Received Merger Q2 2026 EPS Approval from Approval from $0.37 GAAP Public Utilities Virginia State $0.38 Non-GAAP Commission of Commission Ohio Affirm Increased Financial Quarterly and Growth Dividend Guidance (1) 5.25% 1 From adjusted 2024 EPS of $1.97 (Non-GAAP) 3
Slide 4: Continued Progress on the Path to Merger Close
Continued Progress on the Path to Merger Close Three state approvals received 4
Slide 5: Our Unique Position
Our Unique Position 5
Slide 6: We Are a Purpose-led Organization Focused on Delivering for our Customers
We Are a Purpose-led Organization Focused on Delivering for our Customers EXECUTING AGAINST OUR STRATEGY Uniquely integrated Provides high Invests to create multi-utility company quality and reliable resilience and a meeting the needs of service to our customers sustainable future customers today an
Slide 7: Our Competitive Advantages
Our Competitive Advantages Attractive Company Positioning Positioned in constructive regulatory environments with six Industry leader in states in which Essential PFAS mitigation operates receiving favorable rankings1 Located in states with high Fair Market Value enacted in population growth, includ
Slide 8: Robust Scale Delivering Significant Opportunity
Robust Scale Delivering Significant Opportunity Leveraging Size and Operational Excellence to Drive Efficiency and Economies of Scale Combined Company Footprint One of the Largest Water Infrastructure Footprints 14,450+ 200+ 1,000+ 24 ~3,250 miles of wastewater water surface water wells water main t
Slide 9: 1.1M customers, >99% of earnings, Over $7.8 billion of rate base
CONSTRUCTIVE REGULATORY JURISDICTIONS WITH CLEAR PATH TO GENERATE ADDITIONAL VALUE EPA Estimate of U.S. Infrastructure Investment Needs Serving more than >99% of earnings WATER2 WASTEWATER4 regulated water and 1.1M customers $18 wastewater utility $25 $37 Transmission $55 & Distribution Treatment Tr
Slide 10: Leadership in PFAS
Leadership in PFAS Significant expertise continues to develop across the business State of the Art Proactively began testing Recognized leader in PFAS Laboratory certified for >3000 water sources in mitigation PFAS testing since 2017 2018 Developed a proprietary Identified >300 Sites At least $450M
Slide 11: Operating in States with Constructive Regulatory Mechanisms
Using these regulatory mechanisms, Essential is able to reduce regulatory lag and facilitate growth through acquisitions # of States 9 9 9 8 Operating in States with Constructive 2 2 Regulatory Mechanisms Regulatory Consolidated Future or Fully Infrastructure FMV Weather Purchased Mechanisms Tariff
Slide 12: 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 Over 138,000 1 140,000 GREENVILLE P water and wastewater • Water A 120,000 • 3,000 customers customers and DELCORA DRI
Slide 13: Largest natural gas distribution company in PA
LOCATED IN CONSTRUCTIVE WITH CLEAR PATH TO GENERATE REGULATORY JURISDICTIONS ADDITIONAL VALUE AFFORDABLE AND ABUNDANT Gas is 3.5x more affordable than electricity with more than 100 years of supply in the U.S.2 CONSISTENT INVESTMENT America's natural gas utilities invest $37 billion each Largest nat
Slide 14: Focused on being the safest, most reliable gas utility in the U.S.
Risk Reduction Building Blocks Pipe replacement Focused on being the Storage well remediation Over- pressure protection safest, most reliable gas utility in the Smart meters Damage prevention U.S. Open leak reduction 14
Slide 15: Results & Outlook
Results & Outlook 15
Slide 16: Earnings Per Common Share Q2 2026 vs. Q2 2025
Earnings Per Common Share Q2 2026 vs. Q2 2025 Change in Earnings per Share $0.50 $0.01 $0.02 $0.45 $0.06 $(0.02) $(0.02) GAAP GAAP Non-GAAP $0.40 $0.38 $0.01 $0.38 $0.37 $0.35 $(0.06) $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $0.00 Q2 2025 Rates & Surcharges Volume - Water Growth - Water Expenses Volume -
Slide 17: Earnings Per Common Share YTD June 2026 vs. YTD June 2025
Earnings Per Common Share YTD June 2026 vs. YTD June 2025 Change in Earnings per Share $1.60 $0.13 $0.02 $0.01 GAAP $(0.02) $1.41 $1.40 $(0.12) GAAP Non-GAAP $0.05 $1.21 $1.20 $1.16 $(0.27) $1.00 $0.80 $0.60 $0.40 $0.20 $0.00 Q2 2025 Rates & Surcharges Volume - Water Growth - Water Volume - Gas Expe
Slide 18: Regulatory Activity
Regulatory Activity As of August 5th, 2026 2026 COMPLETED PENDING REGULATORY REGULATORY RECOVERIES RECOVERIES Water segment base rate cases or Water segment base rate cases or surcharges in PA, IL, OH, and NC and surcharges in TX, VA, IL, IN and NJ with IN with annualized revenue increase of request
Slide 19: For More Information Contact:
For More Information Contact: Brian Dingerdissen Ed Vallejo Vice President, Director, Investor Relations, FP&A and Treasury Investor Relations (610) 645-1191 (267) 370-9717 BJDingerdissen@Essential.co EdVallejo@Essential.co 19
Slide 20: Appendix
4 Essential 20
Slide 21: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures 21
Slide 22: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Year Ended December 31, 2024 (in millions, except per share data) FY 2024 Net income (GAAP financial measure) $595.3 Adjustments: Gain on sales of assets and related transaction activities (94.0) Adjustments for estimated effects of unfavorable weather 18.7 Income tax
Slide 23: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Three Months Ended June 30, 2026 (in millions, except per share data) 2Q 2026 Net income (GAAP financial measure) $ 105,725 Adjustments: Costs associated with the pending merger 1,191 Income tax effect of non-GAAP adjustments (321) Adjusted income (Non-GAAP financial
Slide 24: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Six Months Ended June 30, 2026 (in millions, except per share data) YTD Net income (GAAP financial measure) $ 330,117 Adjustments: Costs associated with the pending merger 17,521 Income tax effect of non-GAAP adjustments (4,716) Adjusted income (Non-GAAP financial mea
Slide 25: 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 $609 69.9 24.9 94.8 Comparison OH T
Slide 26: Regulatory Activity Completed
Annualized Docket Revenue State Effective Date Segment Type Number Increase ($ 000's) 1/1/2026 N/A Water Rate Case 889 Ohio 1/1/2026 N/A Water Rate Case 945 2026 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 I
Slide 27: Regulatory Activity Pending
Requested Annualized Regulatory State Docket Number Segment Type Revenue Increase ($ 000's) Activity Texas Virginia New Jersey 58124 CASE NO. PUR-2025-00071 WR26010017 Water Water Water Rate Case Rate Case Rate Case 29,148 7,927 7,886 Pending Indiana Illinois New Jersey Cause No. 46425 26-0495 WR250
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