Aqua America (WTR) Misses Q1 EPS by 2c, Offers FY Guidance
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Aqua America Reports Financial Results for Q1 2019
May 2, 2019 5:36 PM EDTBRYN MAWR, Pa.--(BUSINESS WIRE)-- Aqua America Inc. (NYSE: WTR) today reported results for the first quarter ending March 31, 2019.
Operating results
Revenues for the quarter were $201.1 million, an increase of 3.5 percent compared to $194.3 million in the first quarter of 2018. Rates and surcharges and new customers from acquisitions and organic growth were the largest contributors to the increase.
Operations and maintenance expenses increased to $79.3 million for the first quarter of 2019 compared to $73.9 million in the first quarter of 2018. Charges related to the Peoples transaction and integration increased expenses by $6.6 million.... More
