2025 Essential Annual Report

ESSENTIAL UTILITIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CAPITALIZATION (In thousands of dollars, except per share amounts)

December 31,

2025

2024

Stockholders' equity: Common stock, $0.50 par value Capital in excess of par value

$

143,253 $

139,105

4,524,517 2,280,669

4,199,836 1,949,492

Retained earnings

Treasury stock, at cost Total stockholders' equity

(90,983)

(89,624)

6,857,456

6,198,809

Long-term debt of subsidiaries (substantially collateralized by utility plant): Interest Rate Range Maturity Date Range 0.00% to 0.99% 2026 to 2052

7,328

2,637

1.00% to 1.99% 2.00% to 2.99% 3.00% to 3.99% 4.00% to 4.99% 5.00% to 5.99% 6.00% to 6.99% 7.00% to 7.99% 8.00% to 8.99% 9.00% to 9.99%

2030 to 2049 2025 to 2058 2026 to 2056 2025 to 2059 2028 to 2061 2026 to 2036 2025 to 2027

23,977 204,870

11,732 206,297

1,252,397 1,120,564

1,258,003 1,239,032

412,260 31,000

312,260 31,000 27,888

4,652

2025 2026

-

447

11,800

11,800

3,068,848

3,101,096

Notes payable to bank under revolving credit agreement, variable rate, due 2027

-

413,000

Unsecured notes payable: Commercial paper program (See Note 13)

568,000 400,000 500,000

-

Notes at 2.40% due 2031 Notes at 2.704% due 2030

400,000 500,000

Notes ranging from 3.01% to 3.59%, due 2029 through 2050

1,125,000

1,125,000

Notes at 4.276%, due 2049 Notes at 4.80%, due 2027 Notes at 5.25%, due 2035 Notes at 5.30%, due 2052 Notes at 5.375%, due 2034

500,000 500,000 500,000 500,000 500,000 20,000

500,000 500,000

-

500,000 500,000 20,000

Notes at 5.95%, due 2033 through 2034

Total long-term debt

8,181,848

7,559,096

Current portion of long-term debt

21,822

142,807

Long-term debt, excluding current portion

8,160,026

7,416,289

Less: debt issuance costs and unamortized discount on debt

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

Total capitalization

$ 14,967,623 $ 13,567,190

See accompanying notes to consolidated financial statements.

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