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Security Profile
- Security Type
- Common Stock
- CUSIP
- 29670G102 (prev. 03836W103 )
- Market Cap
- Large Cap
- Previous Symbol
- WTR (changed 2/3/2020)
- Previous Name
- Aqua America, Inc.
Business: Essential Utilities, Inc. is a U.S.-based publicly-traded water and wastewater utility, serving people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana, Florida, Virginia, and Georgia.
Notes: Jan. 16, 2020-- Aqua America Inc. (NYSE: WTR) announced today its new company name, Essential Utilities, Inc. (“Essential”) that will take effect on Monday, Feb. 3. In addition, the company is also announcing the members of the executive leadership team that will report to Chairman and CEO Christopher Franklin. The announcement comes after the Peoples acquisition received regulatory approval at the Pennsylvania Public Utility Commission’s January 16 meeting.
In October 2018, Aqua announced it would acquire Peoples, a Pittsburgh based natural gas distribution company, in an all-cash transaction that reflects an enterprise value of $4.275 billion. The acquisition marks the creation of a new infrastructure company uniquely positioned to have a powerful impact on improving infrastructure reliability, quality of life and economic prosperity in the areas it serves.
Effective at the close of the transaction, Peoples will become a subsidiary of Essential, with the company tagline “Providing natural resources for life.” Essential’s common stock will begin trading under the NYSE ticker symbol (WTRG) on Feb. 3.
Company Contact
- CEO
- Christopher H. Franklin
- CFO
- Daniel J. Schuller
- Headquarters
- 762 West Lancaster Avenue, Bryn Mawr, PA 19010
- Phone
- 610-527-8000
- Fax
- 610-645-1061
- Investor Relations
- Brian Dingerdissen · 610-645-1191 · BJDingerdissen@Essential.co