Essential Utilities Reaffirms 2027 EPS Growth Target Amid American Water Merger Progress

Essential Utilities reaffirmed its 5%-7% EPS growth target through 2027 as the merger with American Water advances. The company's chairman and CEO, Christopher Franklin, highlighted overwhelming shareholder support for the merger, with nearly 95% of shares voted in favor. Franklin emphasized the "record speed" of the transaction, with the deal expected to close in the first half of 2023.