Aqua America (WTR) Tops Q1 EPS by 1c, Offers FY Guidance
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Aqua America Reports Earnings for First Quarter
May 3, 2016 5:06 PM EDTEarnings per share increased 7.4 percent to $0.29 vs. $0.27 in 2015 Year-to-date acquisitions added approximately 5,250 customer connections
BRYN MAWR, Pa.--(BUSINESS WIRE)-- Aqua America, Inc. (NYSE: WTR) today reported results for the first quarter ended March 31, 2016.
First Quarter Operating Results
Revenues increased to $192.6 million, or 1.2 percent, in the first quarter of 2016, compared to $190.3 million in the same quarter of 2015. Rates, surcharges, regulated customer growth and other factors increased revenues by approximately $7.3 million compared to the first quarter of 2015. Reduced revenue from market-based activities offset the increase... More
