Aqua America (WTR) Reports In-Line Q3 EPS, Miss on Revenues; Offers FY17 EPS Guidance

Aqua America (NYSE: WTR) reported Q3 EPS of $0.43, in-line with the analyst estimate of $0.43. Revenue for the quarter came in at $215 million versus the consensus estimate of $234.41 million.

2017 guidance

Aqua America's current guidance for 2017:

• Earnings per diluted common share of $1.34 to $1.39
• Same-system operations and maintenance expenses increase less than 2 percent
• More than $450 million in infrastructure improvements in 2017 for communities served by Aqua
• More than $1.2 billion in infrastructure improvements planned through 2019 in existing operations to improve and strengthen systems
• Aqua Pennsylvania, as expected, filed and initiated a distribution system improvement charge effective October 1, 2017 and a rate case filing remains likely in 2018, with resolution expected in 2019
• Total customer growth of 1.5 to 2 percent

GUIDANCE:

Aqua America sees FY2017 EPS of $1.34-$1.39, versus the consensus of $1.36.

For earnings history and earnings-related data on Aqua America (WTR) click here.

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