Slide 1: Second Quarter 2025
NYSE Second Quarter 2025 LISTED WTRG August 1st, 2025 February 2024
Slide 2: Brian Dingerdissen, Investor Relations
Brian Dingerdissen Vice President Treasury, FP&A and Investor Relations 2
Slide 3: Forward Looking Statement
Forward Looking Statement This presentation contains in addition to historical information, forward looking statements based on assumptions made by management regarding future circumstances over which the company may have little or no control, that involve risks, uncertainties and other factors that
Slide 4: Christopher Franklin, Chairman and CEO
Christopher Franklin Chairman and Chief Executive Officer 4
Slide 5: Company Highlights
Company Highlights 2025 EPS $1.4B - $1.5B Q2 2025 EPS Guidance Infrastructure Investments $0.38 $2.07 - $2.11 for 2025 5.25% Dividend Increase 80 consecutive years of dividend payments 5
Slide 6: Community Engagement and Essential Earth Day
Essential Earth Day 2022-2025 Metrics ✓ 6,400 service hours Honored as one of Greater ✓ $2.9M donations Philadelphia’s Most ✓ 152 volunteer Community-Minded events Businesses ✓ 55,000 trees and Community wildflowers planted Engagement and Stewardship Chris Franklin Elected Board Chair of the Chamber
Slide 7: Consistently Delivering Growth
Consistently Delivering Growth Diluted Income per Common Share Dividends Paid per Share $2.09 (2) $1.336 $1.97 (1) $1.265 $1.86 $1.188 80th Consecutive $1.77 $1.110 $1.67 Year of Dividend $1.038 Payments Dividend Payout Ratio of 60- 65% 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025E (3) Capital
Slide 8: Colleen Arnold, President, Aqua
Colleen Arnold President, Aqua 8
Slide 9: Targeting ~6% Rate Base CAGR
Targeting ~6% Rate Base CAGR 1 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
Slide 10: Focusing on Operational Excellence
Focusing on Operational Excellence Aqua continues to outperform industry benchmarks for operational performance Efficient O&M per Customer Safe and Reliable Service Consistency Outperformance O&M/Customer Top Quartile Performance Since 2015 Percent of Systems with Violations1 Year Aqua National Outp
Slide 11: Leadership in PFAS
Leadership in PFAS Significant expertise continues to develop across the business State of the Art Proactively began Recognized leader in Identified >300 Sites Laboratory certified for testing >3000 water PFAS mitigation requiring remediation PFAS testing since 2017 sources in 2018 Developed a Mitig
Slide 12: Aqua Texas Customer Growth Success
Aqua Texas Customer Growth Success Cumulative Additions of Customers Through Organic/M&A Growth Since 2015 ~101,000 3.2% Customer CAGR since 2015 Customers ~25,000 Water and wastewater customers ~76,000 added >90,000 Customers under contract or 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 nego
Slide 13: Growing Scale, Delivering Significant Opportunity
Growing Scale, Delivering Significant Opportunity New TX Future Test Year regulatory mechanism reduces regulatory lag and facilitates growth Strong Texas Rate Base Growth Anticipated Robust Organic Growth Process 13.5% $1.1 B Rate base CAGR since 2015 Rate Base $1.1 Billion Rate base expected by ye
Slide 14: Daniel Schuller, Chief Financial Officer
Daniel Schuller EVP, Chief Financial Officer 14
Slide 15: Q2 Financial Highlights
Q2 Financial Highlights As of June 30th, 2025 ($ in millions, except per share data) Q2 2024 Q2 2025 Change Operating Revenues $434.4 $514.9 18.5% Increase Purchased Gas $33.7 $56.7 68.2% Increase Operations and Maintenance Expense $142.5 $148.5 4.2% Increase Operating Income $145.3 $185.3 27.5% Inc
Slide 16: Operating Revenues
Operating Revenues Q2 2025 vs. Q2 2024 Change in Operating Revenues (millions) $4.3 $2.1 $514.9 $9.8 $23.0 $(2.6) $43.9 $434.4 Q2 2024 Rates & Surcharges Purchased Gas Other Volume - Gas Growth - Water Volume - Water Q2 2025 16
Slide 17: Operations & Maintenance Expenses
Operations & Maintenance Expenses Q2 2025 vs. Q2 2024 Change in Operations & Maintenance Expense (millions) $0.8 $0.4 $0.3 $2.2 $6.1 $148.5 ($3.8) $142.5 Q2 2024 Employee related costs Bad debt USP (rider) Offset Production Costs - Water Growth - Water Other Q2 2025 17
Slide 18: Earnings per Common Share
Earnings per Common Share Q2 2025 vs. Q2 2024 Change in Earnings Per Share $0.01 $0.11 ($0.01) $0.38 ($0.01) $0.28 Q2 2024 Rates & Surcharges Volume - Gas Volume - Water Expenses Q2 2025 18
Slide 19: Roadmap to Annual Guidance
Roadmap to Annual Guidance 1Q 40% 50% 1Q 2025 GAAP EPS: $1.03 2Q 2025 2Q 10% 20% GAAP EPS: Approximate $0.38 Earnings Per 3Q 10% 20% Share by Quarter 4Q 20% 30% Yearly Guidance $2.07-$2.11 Based on company projections, 60-80% of earnings are expected to be recorded in 1Q and 4Q 19
Slide 20: Regulatory Activity
Regulatory Activity As of July 31, 2025 2025 COMPLETED PENDING REGULATORY REGULATORY RECOVERIES RECOVERIES Water segment base rate cases or surcharges Water segment base rate cases or surcharges in PA, OH, NC, and NJ with annualized revenue in NC, OH, TX, and VA with requested increase of $92.6 mill
Slide 21: A New Chapter for Essential's Accounting Organization
A New Chapter for Essential’s Accounting Organization Robert Rubin Bradley Palmer Chief Accounting Officer Chief Accounting Officer 36 Years at Essential 4 Years at Essential Retiring Effective Today 20+ Years of Public Accounting and Utility Experience 21
Slide 22: Christopher Franklin, Chairman and CEO
Christopher Franklin Chairman and Chief Executive Officer 22
Slide 23: Continued Water and Wastewater Acquisition Success
Continued Water and Wastewater Acquisition Success Transactions Closed in 2025 Pending Transactions Cumulative Additions of Customers Through Acquisitions Since 2015 PA PA PA BEAVER FALLS DELCORA GREENVILLE • Wastewater • Wastewater • Water • 7,000 customers(1) • 198,000 customers(1) • 3,000 custome
Slide 24: Guidance Outlook
Guidance Outlook1 2025 normalized Regulated utility $1.4 to $1.5B 2025-2029 In 2025 we Corporate net income per diluted common Through 2027, EPS will grow at rate base growth infrastructure Infrastructure expect to a CAGR of of 8% investments of raise ~$315M Growth Targets share target of $2.07- $2.
Slide 25: Questions
a Essential 25
Slide 26: For More Information Contact
For More Information Contact: Brian Dingerdissen Ed Vallejo Vice President, Director, Investor Relations, FP&A and Treasury Investor Relations (610) 645-1191 (267) 370-9717 BJDingerdissen@Essential.co EdVallejo@Essential.co 26
Slide 27: Appendix
Messentia 27
Slide 28: YTD Financial Highlights
YTD Financial Highlights As of June 30th, 2025 ($ in millions, except per share data) YTD 2024 YTD 2025 Change Operating Revenues $1,046.5 $1,298.5 24.1% Increase Purchased Gas $163.4 $241.4 47.7% Increase Operations and Maintenance Expense $279.4 $286.3 2.5% Increase Operating Income $376.0 $524.2
Slide 29: Operating Revenues
Operating Revenues YTD 2025 vs. YTD 2024 As of June 30th, 2025 Change in Operating Revenues (millions) $30.4 $3.6 $1,298.5 $34.4 $78.0 $(5.6) $111.3 $1,046.5 YTD 2024 Rates & Surcharges Purchased Gas Volume - Gas Other Growth - Water Volume - Water YTD 2025 29
Slide 30: Operations & Maintenance Expenses
Operations & Maintenance Expenses YTD 2025 vs. YTD 2024 As of June 30th, 2025 Change in Operations & Maintenance Expense (millions) $9.3 $3.1 $0.6 $11.0 ($5.2) $286.3 $279.4 ($11.8) YTD 2024 Employee related costs USP (rider) Offset Production Costs - Water Growth - Water Bad Debt Other YTD 2025 30
Slide 31: Earnings per Common Share
Earnings per Common Share YTD 2025 vs. YTD 2024 As of June 30th, 2025 Change in Earnings Per Share $0.09 $0.01 $0.01 $0.29 ($0.02) $1.41 ($0.22) $1.25 YTD 2024 Rates & Surcharges Volume - Gas Growth - Water Expenses Volume - Water Other YTD 2025 31
Slide 32: Regulatory Activity Completed
Annualized Docket Revenue State Segment Type Number Increase ($ 000's) 2025 N/ A N/ A Wast ew at er Wat er Rat e Case Rat e Case 550 889 Regulatory Ohio N/ A 24-910-WW-SIC 24-911-ST-SIC Wat er Wat er Wast ew at er Rat e Case Surcharge Surcharge 801 3,237 45 Activity New Jersey WR24010057 W-218, Sub
Slide 33: Regulatory Activity Pending
Regulatory Requested Annualized Activity State Docket Number Segment Type Revenue Increase ($ 000's) Pending Texas Ohio 58124 25-0594-WW-AIR Water Water Rate Case Rate Case 29,149 14,653 North Carolina W-218, Sub 629 Water Rate Case * 44,763 As of July 31, 2025 Virginia CASE NO. PUR-2025-00071 Water
Slide 34: 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 $4,618 459.0 64.7 523.7 $4,180 701.2 State by State IL $557 69.8 24.8 94.6 Comparison OH T
Slide 35: 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