Aqua America (WTR) Reports In-Line Q1 EPS, Beats on Revenues; Affirms FY18 EPS Views

Aqua America (NYSE: WTR) reported Q1 EPS of $0.29, in-line with the analyst estimate of $0.29. Revenue for the quarter came in at $194.35 million versus the consensus estimate of $193.19 million.

2018 guidance

Aqua America continues to affirm guidance for 2018, which remains unchanged from last quarter:

• Earnings per diluted common share of $1.37 to $1.42
• Approximately $500 million in infrastructure improvements in 2018 for communities served by Aqua
• Approximately $1.4 billion in infrastructure improvements planned through 2020 in existing operations to improve and strengthen systems
• Aqua Pennsylvania files a rate case in 2018 with resolution expected in 2019
• Total customer growth of between 2 and 3 percent

GUIDANCE:

Aqua America sees FY2018 EPS of $1.37-$1.42.

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

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