2025 Essential Annual Report

ESSENTIAL UTILITIES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (continued) (In thousands of dollars, except per share amounts)

December 31,

2025

2024

Liabilities and Equity

Essential Utilities stockholders' equity: Common stock at $0.50 par value, authorized 600,000,000 shares, issued 286,505,895 and 278,209,660 as of December 31, 2025 and December 31, 2024 $

143,253$ 139,105 4,524,517 4,199,836 2,280,669 1,949,492

Capital in excess of par value

Retained earnings

Treasury stock, at cost, 3,423,086 and 3,386,069 shares as of December 31, 2025 and December 31, 2024

(90,983)

(89,624)

Total stockholders' equity

6,857,456 6,198,809

Long-term debt, excluding current portion

8,160,026 7,416,289

Less: debt issuance costs

49,859

47,908

Long-term debt, excluding current portion, net of debt issuance costs and unamortized discount on debt

8,110,167 7,368,381

Commitments and contingencies (See Note 10)

Current liabilities: Current portion of long-term debt

21,822 150,139 276,080 25,494 82,466 28,688 11,202

142,807 186,542 258,615 47,714 72,281 38,219

Loans payable

Accounts payable Book overdraft Accrued interest Accrued taxes Regulatory liabilities Dividends payable

1,770

-

89,441 137,279 974,668

Other accrued liabilities Total current liabilities

168,592 764,483

Deferred credits and other liabilities: Deferred income taxes and investment tax credits

2,090,120 1,831,868

Customers' advances for construction

115,465 703,285 21,608 15,241 60,814

113,323 764,745 27,447 33,680 24,788

Regulatory liabilities

Operating lease liabilities

Pension and other postretirement benefit liabilities

Other

Total deferred credits and other liabilities

3,006,533 2,795,851

Contributions in aid of construction

726,206

688,845

Total liabilities and equity

$ 19,464,845$ 18,026,554

See accompanying notes to consolidated financial statements.

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