Slide 1: Second Quarter 2026 Earnings Call
NYSE Second Quarter 2026 LISTED WTRG Earnings Call August 5th, 2026 February 2024
Slide 2: Brian Dingerdissen
Brian Dingerdissen Vice President Treasury, FP&A and 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
Christopher Franklin Chairman and Chief Executive Officer 4
Slide 5: 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) 5
Slide 6: Continued Progress on the Path to Merger Close
Continued Progress on the Path to Merger Close Three state approvals received 6
Slide 7: Daniel Schuller
Daniel Schuller EVP, Chief Financial Officer 7
Slide 8: Earnings Per Common Share
8/4/2026 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) GAAP $(0.02) 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
Slide 9: 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 10: Christopher Franklin
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 TX Over 138,000 1 140,000 GREENVILLE water and wastewater • Water 120,000 • 3,000 customers DELCORA customers and D
Slide 12: Guidance Outlook
Guidance Outlook Anticipated growth in long-term earnings per share at a compound annual growth rate of 5 to 7% from the adjusted Earnings Per Share 2024 earnings per share of $1.97 (non-GAAP) for the three-year period through 2027. Dividend Payout Ratio Debt to Capital Ratio FFO to Net Debt Ratio D
Slide 13: 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 13
Slide 14: Appendix
4 Essential 14
Slide 15: Earnings Per Common Share
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 16: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures 16
Slide 17: 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 18: 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 19: 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 20: 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 $609 69.9 24.9 94.8 Comparison OH T
Slide 21: Regulatory Activity Completed
Annualized Docket Revenue State Effective Date Segment Type Number Increase ($ 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 2026 Indiana 7/22/2026 1/1/2026 4/1/2026 25-593-ST-AIR N/A N/A Wastewater Wastewater Wastewater
Slide 22: Regulatory Activity Pending
Requested Annualized State Docket Number Segment Type Regulatory 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