How does Essential Utilities (WTRG) make money?

Essential Utilities (WTRG) generates revenue primarily from Natural Gas, which accounted for 46.3% of total revenue in TTM through Q1 2026. The company reported $2.55B in revenue and converted 21.8% of it into net profit, equivalent to roughly $556.97M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Essential Utilities (WTRG)?

Essential Utilities (WTRG) reported a gross profit margin of 47% in TTM through Q1 2026, equivalent to $1.20B in gross profit on $2.55B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Essential Utilities (WTRG)?

Essential Utilities (WTRG) reported an operating profit margin of 35% in TTM through Q1 2026, equivalent to $892.69M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Essential Utilities (WTRG)?

Essential Utilities (WTRG) reported a net profit margin of 21.8% in TTM through Q1 2026, equivalent to $556.97M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Essential Utilities (WTRG) profitable?

Yes. Essential Utilities (WTRG) reported $556.97M in net income for TTM through Q1 2026, with a net profit margin of 21.8%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Essential Utilities (WTRG) spend on capital expenditures?

Essential Utilities (WTRG) spent $1.48B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 58.1% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Essential Utilities (WTRG) generate?

Essential Utilities (WTRG) generated −$507.01M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -19.9%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Essential Utilities (WTRG)?

Essential Utilities (WTRG) had an effective tax rate of 5.2% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Essential Utilities (WTRG)?

Essential Utilities (WTRG) reports revenue across 4 reportable product segments, led by Natural Gas at 46.3% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Essential Utilities Makes Money: 2026 Visual Revenue Map

Essential Utilities (WTRG) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

Essential Utilities discloses geographic revenue only in annual filings. to view the full breakdown.

Essential Utilities (WTRG) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Essential Utilities (WTRG) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Natural Gas	$1.18B	46.3%
Water	$1.10B	43.2%
Wastewater	$228.35M	8.9%
Other	$38.17M	1.5%
Total	$2.55B	100%

Natural Gas$1.18B
Water$1.10B
Wastewater$228.35M
Other$38.17M
Total$2.55B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Essential Utilities (WTRG) reports revenue across 4 operating segments; the largest segment was Natural Gas at 46.3%, followed by Water (43.2%) and Wastewater (8.9%).

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