Aqua America Reports Financial Results for Q3 2019
AQUA AMERICA (WTR)
Last aqua america earnings: 11/4 05:35 pm
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US:NYSE Investor Relations:
ir.aquaamerica.com/investor-relations
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Source: Business Wire
PA ALJ renders recommended decision on Peoples transactionAqua signs agreement with DELCORA for largest municipal acquisition in company’s history BRYN MAWR, Pa.--(BUSINESS WIRE)--Aqua America Inc. (NYSE: WTR) today reported results for the third quarter ended Sept. 30, 2019.Operating resultsRevenues for the quarter were $243.6 million, an increase of 7.7 percent compared to $226.1 million in the third quarter of 2018. Rates and customer growth from both acquisitions and organic growth were the largest contributors to the increase in revenues.Operations and maintenance expenses increased to $82.0 million for the third quarter of 2019 compared to $68.6 million in the third quarter of 2018. Employee-related costs, Peoples transaction-related expenses and growth-related costs were the principal contributors to the increase in operations and maintenance expenses. Without the impact from current and prior year items, such as a favorable regulatory liability adjustment recognized in the
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