Essential Utilities, Inc. (WTRG) Balance Sheet
WTRG balance sheet, 2025
December 31, 2025 · U.S. dollars$19.89B assets = $13.04B liabilities + $6.86B equity
Both columns are drawn to the same scale: what WTRG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WTRG financial health
Descriptive bands, not a rating. Fiscal 2025.
WTRG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.16B2016 | $19.89B2025 | +13.9%/yr | |
| Total liabilities | $4.31B2016 | $13.04B2025 | +13.1%/yr | |
| Shareholders’ equity | $1.85B2016 | $6.86B2025 | +15.7%/yr | |
| Cash & short-term investments | $3.8M2016 | $34.8M2025 | +28.0%/yr | |
| Total debt | $1.89B2016 | $8.34B2025 | +17.9%/yr | |
| Net cash (debt) | −$1.89B2016 | −$8.30B2025 | −$6.4B | |
| Working capital | −$172.9M2016 | −$154.1M2025 | +$18.8M | |
| Book value per share | $10.402016 | $24.442025 | +10.0%/yr | |
| Current ratio | 0.432016 | 0.802025 | +0.37 | |
| Debt / equity | 1.022016 | 1.222025 | +0.19 | |
| Shares outstanding | 177.8M2016 | 280.6M2025 | +5.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WTRG assets
WTRG liabilities and equity
WTRG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WTRG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $34.8M | $9.2M | $4.6M | $11.4M | $10.6M | $4.8M | $1.87B | $3.6M | $4.2M | $3.8M |
| Cash & equivalents | $34.8M | $9.2M | $4.6M | $11.4M | $10.6M | $4.8M | $1.87B | $3.6M | $4.2M | $3.8M |
| Short-term investments | — | — | — | — | — | $1.26B | $6.0M | $7.0M | $6.7M | $7.0M |
| Receivables | $384.3M | $308.8M | $245.7M | $376.8M | $260.9M | $273.3M | $107.6M | $101.2M | $98.6M | $97.4M |
| Inventory | $112.5M | $93.9M | $112.7M | $199.7M | $109.6M | $58.4M | $18.4M | $15.8M | $14.4M | $13.0M |
| Other current assets | $78.9M | $74.0M | $129.0M | $70.2M | $56.7M | $43.7M | $20.2M | $26.5M | $14.1M | $14.5M |
| Total current assets | $610.4M | $485.9M | $492.0M | $658.2M | $437.8M | $380.2M | $2.02B | $147.2M | $131.2M | $128.7M |
| Property, plant & equipment (net) | $14.29B | $13.17B | $12.13B | $11.17B | $10.30B | $9.57B | $6.36B | $5.93B | $5.40B | $5.00B |
| Goodwill & intangible assets | $2.35B | $2.34B | $2.34B | $2.35B | $2.35B | $2.33B | $63.8M | $52.7M | $42.2M | $42.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $6.0M | $7.0M | $6.7M | $7.0M |
| Other non-current assets | $2.64B | $2.02B | $1.87B | $1.54B | $1.57B | $1.42B | $918.4M | $827.3M | $752.5M | $979.5M |
| Total assets | $19.89B | $18.03B | $16.84B | $15.72B | $14.66B | $13.71B | $9.36B | $6.96B | $6.33B | $6.16B |
| Liabilities | ||||||||||
| Accounts payable | $276.1M | $258.6M | $221.2M | $238.8M | $192.9M | $177.5M | $74.9M | $77.3M | $59.2M | $47.3M |
| Short-term debt | $204.1M | $329.3M | $227.5M | $427.9M | $197.1M | $162.6M | $130.8M | $228.7M | $117.4M | $157.2M |
| Deferred revenue | — | — | −$562.1M | $42.2M | −$192.9M | −$177.5M | −$74.9M | −$77.3M | −$59.2M | −$59.9M |
| Total current liabilities | $764.5M | $974.7M | $797.9M | $1.02B | $675.1M | $603.9M | $323.5M | $399.0M | $284.5M | $301.5M |
| Long-term debt | $8.11B | $7.37B | $6.83B | $6.37B | $5.78B | $5.51B | $2.94B | $2.40B | $2.01B | $1.74B |
| Lease obligations | $21.6M | $27.4M | $34.4M | $37.7M | $48.2M | $55.6M | $11.6M | — | — | — |
| Other long-term liabilities | $4.16B | $3.48B | $3.32B | $2.95B | $3.02B | $2.91B | $2.21B | $2.16B | $2.08B | $2.27B |
| Total liabilities | $13.04B | $11.83B | $10.95B | $10.34B | $9.47B | $9.02B | $5.48B | $4.96B | $4.37B | $4.31B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $143.3M | $139.1M | $138.3M | $133.5M | $128.1M | $124.3M | $111.9M | $90.6M | $90.3M | $90.2M |
| Retained earnings (deficit) | $2.28B | $1.95B | $1.71B | $1.53B | $1.43B | $1.26B | $1.21B | $1.17B | $1.13B | $1.03B |
| Treasury stock | — | — | — | −$83.7M | −$83.6M | −$81.3M | −$77.7M | −$75.8M | −$73.3M | −$71.1M |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $860,000 | $669,000 |
| Total shareholders' equity | $6.86B | $6.20B | $5.90B | $5.38B | $5.18B | $4.68B | $3.88B | $2.01B | $1.96B | $1.85B |
| Key figures | ||||||||||
| Total debt | $8.34B | $7.73B | $7.09B | $6.84B | $6.02B | $5.73B | $3.09B | $2.56B | $2.13B | $1.89B |
| Net cash (debt) | −$8.30B | −$7.72B | −$7.08B | −$6.83B | −$6.01B | −$5.72B | −$1.22B | −$2.55B | −$2.12B | −$1.89B |
| Working capital | −$154.1M | −$488.8M | −$305.9M | −$363.7M | −$237.3M | −$223.7M | $1.69B | −$251.8M | −$153.2M | −$172.9M |
| Tangible book value | $4.51B | $3.85B | $3.55B | $3.03B | $2.84B | $2.35B | $3.82B | $1.96B | $1.92B | $1.81B |
| Book value per share | $24.44 | $22.59 | $22.03 | $20.46 | $20.08 | $18.39 | $17.97 | $11.26 | $10.99 | $10.40 |
| Shares outstanding | 280.6M | 274.4M | 267.7M | 262.9M | 258.2M | 254.6M | 215.9M | 178.4M | 178.2M | 177.8M |
| Current ratio | 0.80 | 0.50 | 0.62 | 0.64 | 0.65 | 0.63 | 6.23 | 0.37 | 0.46 | 0.43 |
| Quick ratio | 0.55 | 0.33 | 0.31 | 0.38 | 0.40 | 0.46 | 6.11 | 0.26 | 0.36 | 0.34 |
| Debt / equity | 1.22 | 1.25 | 1.20 | 1.27 | 1.16 | 1.22 | 0.80 | 1.27 | 1.09 | 1.02 |
| Equity / assets | 34.5% | 34.4% | 35.0% | 34.2% | 35.4% | 34.2% | 41.5% | 28.9% | 30.9% | 30.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $8.6M | $75.9M | $34.8M | $6.4M | $25.1M | $20.8M | $9.2M | $8.4M | $18.8M | $35.2M | $4.6M | $8.5M |
| Cash & equivalents | $8.6M | $75.9M | $34.8M | $6.4M | $25.1M | $20.8M | $9.2M | $8.4M | $18.8M | $35.2M | $4.6M | $8.5M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | — | $2.35B |
| Receivables | $305.5M | $418.5M | $384.3M | $243.0M | $280.8M | $360.4M | $308.8M | $203.9M | $214.7M | $267.4M | $245.7M | $208.8M |
| Inventory | $95.7M | $72.2M | $112.5M | $123.6M | $90.5M | $61.0M | $93.9M | $105.2M | $84.5M | $66.8M | $112.7M | $127.4M |
| Other current assets | $55.4M | $56.0M | $78.9M | $60.6M | $43.0M | $52.3M | $74.0M | $56.4M | $44.7M | $50.1M | $129.0M | $64.6M |
| Total current assets | $465.3M | $622.6M | $610.4M | $433.6M | $439.4M | $494.5M | $485.9M | $373.9M | $362.7M | $419.5M | $492.0M | $409.3M |
| Property, plant & equipment (net) | $14.77B | $14.47B | $14.29B | $13.93B | $13.61B | $13.35B | $13.17B | $12.85B | $12.55B | $12.29B | $12.13B | $11.88B |
| Goodwill & intangible assets | $2.35B | $2.35B | $2.35B | $2.35B | $2.34B | $2.34B | $2.34B | $2.34B | $2.34B | $2.34B | $2.34B | $2.34B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.35B | $2.34B | $2.64B | $2.18B | $2.16B | $2.14B | $2.02B | $2.00B | $1.99B | $2.00B | $1.87B | $1.79B |
| Total assets | $19.94B | $19.78B | $19.89B | $18.89B | $18.55B | $18.33B | $18.03B | $17.56B | $17.25B | $17.05B | $16.84B | $16.43B |
| Liabilities | ||||||||||||
| Accounts payable | $198.9M | $183.9M | $276.1M | $197.3M | $198.1M | $182.9M | $258.6M | $231.4M | $204.8M | $161.2M | $221.2M | $191.9M |
| Short-term debt | $83.3M | $62.1M | $204.1M | $232.1M | $150.2M | $231.8M | $329.3M | $172.2M | $165.1M | $154.7M | $227.5M | $350.5M |
| Deferred revenue | — | — | — | — | — | — | — | −$231.4M | $29.5M | −$161.2M | −$221.2M | −$191.9M |
| Total current liabilities | $599.0M | $654.4M | $764.5M | $728.1M | $598.8M | $756.6M | $974.7M | $683.1M | $629.1M | $678.6M | $797.9M | $896.6M |
| Long-term debt | $8.42B | $8.36B | $8.11B | $7.69B | $7.62B | $7.52B | $7.37B | $7.23B | $7.01B | $6.86B | $6.83B | $6.46B |
| Lease obligations | $18.7M | $20.1M | $21.6M | $23.0M | $24.5M | $26.0M | $27.4M | $29.2M | $31.1M | $32.4M | $34.4M | $35.1M |
| Other long-term liabilities | $3.90B | $3.87B | $4.16B | $3.66B | $3.61B | $3.59B | $3.48B | $3.47B | $3.45B | $3.44B | $3.32B | $3.16B |
| Total liabilities | $12.92B | $12.89B | $13.04B | $12.08B | $11.83B | $11.87B | $11.83B | $11.38B | $11.09B | $10.97B | $10.95B | $10.51B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $143.6M | $143.4M | $143.3M | $143.2M | $142.0M | $140.1M | $139.1M | $139.0M | $138.5M | $138.4M | $138.3M | $138.2M |
| Retained earnings (deficit) | $2.42B | $2.31B | $2.28B | $2.24B | $2.25B | $2.14B | $1.95B | $1.94B | $1.96B | $1.89B | $1.71B | $1.74B |
| Accumulated other comprehensive income | — | — | — | $0 | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $7.02B | $6.89B | $6.86B | $6.82B | $6.72B | $6.46B | $6.20B | $6.18B | $6.16B | $6.08B | $5.90B | $5.92B |
| Key figures | ||||||||||||
| Total debt | $8.52B | $8.44B | $8.34B | $7.95B | $7.80B | $7.78B | $7.73B | $7.43B | $7.21B | $7.04B | $7.09B | $6.84B |
| Net cash (debt) | −$8.51B | −$8.37B | −$8.30B | −$7.94B | −$7.77B | −$7.76B | −$7.72B | −$7.42B | −$7.19B | −$7.01B | −$7.08B | −$6.83B |
| Working capital | −$133.7M | −$31.8M | −$154.1M | −$294.5M | −$159.4M | −$262.1M | −$488.8M | −$309.2M | −$266.4M | −$259.1M | −$305.9M | −$487.2M |
| Tangible book value | $4.67B | $4.54B | $4.51B | $4.46B | $4.38B | $4.12B | $3.85B | $3.84B | $3.82B | $3.74B | $3.55B | $3.58B |
| Book value per share | $24.70 | $24.30 | $24.18 | $24.15 | $23.94 | $23.43 | $22.53 | $22.51 | $22.50 | $22.22 | $21.56 | $22.17 |
| Shares outstanding | 284.1M | 283.6M | 283.6M | 282.3M | 280.7M | 275.7M | 275.2M | 274.5M | 274.0M | 273.7M | 273.5M | 267.2M |
| Current ratio | 0.78 | 0.95 | 0.80 | 0.60 | 0.73 | 0.65 | 0.50 | 0.55 | 0.58 | 0.62 | 0.62 | 0.46 |
| Quick ratio | 0.52 | 0.76 | 0.55 | 0.34 | 0.51 | 0.50 | 0.33 | 0.31 | 0.37 | 0.45 | 0.31 | 0.24 |
| Debt / equity | 1.21 | 1.22 | 1.22 | 1.17 | 1.16 | 1.20 | 1.25 | 1.20 | 1.17 | 1.16 | 1.20 | 1.16 |
| Equity / assets | 35.2% | 34.8% | 34.5% | 36.1% | 36.2% | 35.2% | 34.4% | 35.2% | 35.7% | 35.7% | 35.0% | 36.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
WTRG financial position
At the end of fiscal 2025 (December 31, 2025), Essential Utilities had total assets of $19.9 billion (up 10.4% from a year earlier), total liabilities of $13.0 billion and shareholders' equity of $6.9 billion. It held $34.8 million in cash and short-term investments against $8.3 billion of debt, net debt of $8.3 billion. Its current ratio was 0.80. In the latest quarter (ended June 30, 2026) total assets were $19.9 billion and equity $7.0 billion.
Related: WTRG income statement, WTRG cash flow statement, WTRG key metrics. See the WTRG stock overview for the latest quote and news.
WTRG balance sheet FAQ
What are Essential Utilities's total assets?
Essential Utilities reported total assets of $19.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $18.0 billion a year earlier.
How much debt does Essential Utilities have?
Essential Utilities had $8.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.22.
How much cash does Essential Utilities have?
Essential Utilities held $34.8 million in cash and short-term investments at the end of fiscal 2025; with $8.3 billion of debt that is net debt of $8.3 billion.
What is Essential Utilities's book value?
Essential Utilities's shareholders' equity (book value) was $6.9 billion at the end of fiscal 2025, or $24.44 per share.
What is Essential Utilities's current ratio?
Essential Utilities had current assets of $610.4 million and current liabilities of $764.5 million, a current ratio of 0.80 (current liabilities exceed current assets).
How much goodwill does Essential Utilities have?
Essential Utilities carried $2.4 billion of goodwill and intangible assets, 11.8% of total assets, at the end of fiscal 2025.