Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Aqua America Q4 Profit Rises - Quick Facts

RELATED NEWS
Trade WTR now with 

Aqua America Inc. (WTR: Quote) reported that its fourth-quarter net income attributable to common shareholders rose to $34.01 million or $0.24 per share, from $28.86 million or $0.21 per share in the same quarter last year.

Operating revenues for the quarter rose to $172.70 million from $168.44 million in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share on revenues of $193.72 million for the quarter. Analysts' estimates typically exclude special items.

In a separate press release, Aqua America announced that its Pennsylvania subsidiary has received approval from the Pennsylvania Public Utility Commission to acquire three systems serving more than 7,500 people. Two of the systems are privately operated and one is owned by a municipal authority.

Aqua America's Pennsylvania wastewater subsidiary, Little Washington Wastewater Company (LWWC), has signed an agreement to provide wastewater services to The Village at Valley Forge, a mixed-use community currently under construction in the King of Prussia submarket of Philadelphia.

The development is being built on the 125-acre site of the former Valley Forge Golf Club adjacent to the nation's largest shopping mall, the King of Prussia Mall, in Upper Merion Township, Montgomery County.

Under the agreement, Realen Properties of Berwyn, (Realen) will build the collection system and pumping station, then dedicate it to LWWC which will own and operate the wastewater system.

In a separate earlier agreement, Realen contracted Aqua America's non-regulated subsidiary Aqua Resources, Inc. to build the pump station. Aqua America's operating subsidiary, Aqua Pennsylvania, Inc., which already serves public water to the remainder of the township, will provide public water to the Village community as well. LWWC will purchase the wastewater assets for $1. Aqua anticipates closing on the first phase of this acquisition in the early part of the second quarter of 2012.

Register
To receive FREE breaking news email alerts for Aqua America Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Colorado based doctor Dilip Joseph, who was kidnapped by the Taliban discusses his ordeal in detail in a book published by Amazon on Tuesday. Extending the rebound seen over the course of the previous session, stocks moved sharply higher during trading on Friday. The gains on the day partly offset the recent sell-off on Wall Street, although the major averages remain well off their mid-September highs. While the Ebola outbreak in the U.S. has thus far been limited to just three people, the results of a new CBS News poll suggest that news of the disease has contributed to a sharp drop in public confidence in the Centers for Disease Control and Prevention.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.