Earnings Call Summary | Essential Utilities(WTRG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Essential Utilities(WTRG.US) Q1 2024 Earnings Conference
The company invested $253 million through Q1 2024 and plans for record capital expenditures of $1.3 billion to $1.4 billion.The following is a summary of the Essential Utilities, Inc. (WTRG) Q1 2024 Earnings Call Transcript:
以下是基本公用事業公司（WTRG）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Essential Utilities reported Q1 2024 GAAP earnings of $0.90 to $0.97 per share, boosted by a sizeable gain from the sale of energy projects.
The overall performance was hindered by exceptional warm weather, highlighting the importance of weather normalization for their gas utility.
The company invested $253 million through Q1 2024 and plans for record capital expenditures of $1.3 billion to $1.4 billion.
基本公用事業公司報告稱，2024年第一季度GAAP每股收益爲0.90美元至0.97美元，這得益於出售能源項目的可觀收益。
異常溫暖的天氣阻礙了整體業績，這凸顯了天氣正常化對他們的燃氣公用事業的重要性。
截至2024年第一季度，該公司投資了2.53億美元，並計劃創紀錄的13億至14億美元的資本支出。
Business Progress:
業務進展：
The company is advancing its acquisition program, awaiting approval of a critical motion by the Pennsylvania Utility Commission.
Aiming to comply with the first-ever limits on PFAS, nine treatment systems have been installed with more expected to be operational by the end the year.
Essential Utilities is focusing on enhancing customer reliability through substantial infrastructure investment and aggressive pipeline modernization programs.
The company aims for a 60% reduction in CO2 emissions by 2035, with a significant headway already made.
A rate hike petition has been filed to enhance the distribution system safety and reliability, expecting the new rates to come in effect before winter.
Future financial growth is expected to be driven by acquisitions, customer base stability in the Natural Gas sector, and an equity raise of approximately $250 million planned this year.
Major investments in regulated infrastructure are projected in the coming years, with an estimated $7.2 billion by 2028.
Efforts have been made to establish procurement strategies and ensure full compliance with PFAS regulations.
The company expects growth in the Water and Wastewater sectors from acquisitions and organic customer growth estimated at 2% to 3% annually.
該公司正在推進其收購計劃，等待賓夕法尼亞州公用事業委員會批准一項重要動議。
爲了遵守有史以來對全氟辛烷磺酸的首次限制，已經安裝了九個處理系統，預計到今年年底將有更多系統投入運行。
Essential Utilities專注於通過大量基礎設施投資和積極的管道現代化計劃來提高客戶的可靠性。
該公司的目標是到2035年將二氧化碳排放量減少60％，並且已經取得了重大進展。
已經提交了加息申請，以提高配電系統的安全性和可靠性，預計新的費率將在冬季之前生效。
未來的財務增長預計將受到收購、天然氣行業客戶群的穩定以及今年計劃進行的約2.5億美元股權籌集的推動。
預計未來幾年將對受監管基礎設施進行重大投資，到2028年估計將達到72億美元。
已努力制定採購戰略並確保完全遵守全氟辛烷磺酸法規。
該公司預計，通過收購和有機客戶增長，水和廢水處理行業將實現增長，估計每年增長2％至3％。
More details: Essential Utilities IR
更多詳情： 基本公用事業IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
