NYSE

LISTED

WTRG

First Quarter 2024

May 3rd, 2024

Brian Dingerdissen

Vice President, Investor Relations and Treasury

2

Forward Looking Statement

This presentation contains in addition to historical information, forward looking statements based on assumptions made by management regarding future circumstances over which the company may have little or no control, that involve risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. These factors include, among others, the following: general economic and business conditions; weather conditions affecting customers' usage or the company's cost of operations; costs arising from changes in regulations; regulatory treatment of rate increase requests; availability and cost of capital; the success of growth initiatives, including pending acquisitions; the ability to generate earnings from capital investment; and other factors discussed in our Form 10-K, which is on file with the SEC. We undertake no obligation to publicly update or revise any forward-looking statement.

Non-GAAP Reconciliation

For reconciliation of non-GAAP financial measures, see the Investor Relations section of the company's Web site at www.essential.co

3

Christopher Franklin

Chairman and Chief

Executive Officer

4

Corporate Updates

$0.97 Earnings

Per Share(1)

EPA's First-Ever

Limits on PFAS in

Water

Completed Sale

of the Three District

Energy Projects

Infrastructure

Investment of

$253.0M

Regulatory Progress on

PA FMV Reform

Appointment of

Tamara Linde

and Christopher

Bruner to Board

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1) Includes the gain on sale for the $165 million sale of the three energy projects.

Solidifying the Strength of Our Board

Key Skills

  • Utility Industry
  • Legal/Government
  • Regulatory
  • Leadership
  • C-SuiteExperience
  • Geographic Diversity

Tamara L. Linde

Executive Vice President and General Counsel, PSEG

  • Ms. Linde has over 30 years of experience in various roles with responsibilities involving energy, regulatory, legal, risk, environmental, governmental affairs, and transactions
  • Ms. Linde is on the board of Community Foundation of New Jersey, PSEG Foundation and is a Member of the American Arbitration Association / International Centre for Dispute Resolution Council (AAA / ICDR)
  • Ms. Linde is a graduate of Seton Hall University from which she holds a bachelor's degree in History and a
    Juris Doctorate degree from Seton Hall University School of Law

Key Skills

  • Financial
  • Regulatory
  • Leadership
  • Mergers & Acquisitions

Christopher L. Bruner

Partner, Ernst & Young (Retiring 12/2024)

  • Mr. Bruner has over 35 years of experience in various roles with responsibilities involving finance, audit, strategy, mergers and acquisitions
  • Mr. Bruner has served on several non-profit boards including member and Chair of Mann Center for the Performing Arts, member and Chair of the Audit Committee of Main Line Health Board, and member and Treasurer of The Union League of Philadelphia
  • Mr. Bruner is a graduate of Indiana University from which he holds a Bachelor of Science degree in Accounting

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Industry- leading approach to

PFAS mitigation

Aqua Started

Recent

Testing and

Completion

Addressing

of PFAS

PFAS for

Treatment

More than

Facility in NJ

Five Years

Voluntary

Reporting of

PFAS Test

Results in

Water Quality

Reports

7

Mike Huwar

President, Peoples

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Targeting ~10% Rate Base CAGR1

LOCATED IN CONSTRUCTIVE

REGULATORY JURISDICTIONS

Proprietary Storage

Largest natural gas distribution company in PA with $3.3 billion of rate base as of year-end 2023

OPERATIONAL EXCELLENCE

OUTSTANDING HAZARDOUS LEAKAGE RECORD Reduction of over 80% of gas leaks outstanding at year end 2023 since 2019

LEADING MILE REPLACEMENT PROGRAM IN PA Large scale modernization program with peer- leading replacement cost per mile

FOCUSING ON CUSTOMER AFFORDABILITY Continued value for customers with annual bills of less than $1,000 per average household

Serving more than

743,000 customers

as of year-end 2023

Operations located

near plentiful, low-cost

natural gas sources

DELIVERING EXCEPTIONAL SERVICE Peer-groupleader 3-yearsrunning within PA PUC(2) customer service performance report

(1) Through 2028.

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(2) Pennsylvania Public Utilities Commission.

Peoples Natural Gas

Overview of Pennsylvania Rate Case Filing

Case Details

Filed:

Revenue:

Equity:

12/29/2023

$671.5M

54.67%

Rates Expected:

Increase:

ROE:

October 2024

$156.0M, or 18.7%

11.75%

Rate Base through the Fully-Projected Future Test Year as of 9/30/2025:

$4.2B up from $2.1B in last case

Significant Benefits Delivered Since Last Rate Case

✓ Meaningful emissions

✓ Over 1,000 miles of

✓ Five-yearrate case

reduction

pipe replaced

hiatus

Regulatory Mechanisms

✓ Weather Normalization

✓ Tax Repair

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Disclaimer

Essential Utilities Inc. published this content on 03 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2024 13:24:03 UTC.