Earnings Call Summary | Essential Utilities(WTRG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Essential Utilities(WTRG.US) Q1 2024 Earnings Conference
The following is a summary of the Essential Utilities, Inc. (WTRG) Q1 2024 Earnings Call Transcript:
以下是基本公用事业公司（WTRG）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
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.
基本公用事业公司报告称，2024年第一季度GAAP每股收益为0.90美元至0.97美元，这得益于出售能源项目的可观收益。
异常温暖的天气阻碍了整体业绩，这凸显了天气正常化对他们的燃气公用事业的重要性。
截至2024年第一季度，该公司投资了2.53亿美元，并计划创纪录的13亿至14亿美元的资本支出。
Business Progress:
业务进展：
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.
该公司正在推进其收购计划，等待宾夕法尼亚州公用事业委员会批准一项重要动议。
为了遵守有史以来对全氟辛烷磺酸的首次限制，已经安装了九个处理系统，预计到今年年底将有更多系统投入运行。
Essential Utilities专注于通过大量基础设施投资和积极的管道现代化计划来提高客户的可靠性。
该公司的目标是到2035年将二氧化碳排放量减少60％，并且已经取得了重大进展。
已经提交了加息申请，以提高配电系统的安全性和可靠性，预计新的费率将在冬季之前生效。
未来的财务增长预计将受到收购、天然气行业客户群的稳定以及今年计划进行的约2.5亿美元股权筹集的推动。
预计未来几年将对受监管基础设施进行重大投资，到2028年估计将达到72亿美元。
已努力制定采购战略并确保完全遵守全氟辛烷磺酸法规。
该公司预计，通过收购和有机客户增长，水和废水处理行业将实现增长，估计每年增长2％至3％。
More details: Essential Utilities IR
更多详情： 基本公用事业IR
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译文内容由第三方软件翻译。