Aqua America Provides FY16 Outlook

(RTTNews) - Aqua America Inc. (WTR) Wednesday said it expects to reported earnings of $1.30 to $1.35 per share for the full year 2016.

Analysts polled by Thomson Reuters estimate earnings of $1.36 per share for 2016.

The company expects total customer base growth of 1.5 to 2 percent and same-system operations and maintenance expenses increase of 1 to 2 percent.

CEO Christopher Franklin said, "Growing our customer base through strategic acquisitions, prudently investing to renew our aging infrastructure, and creating efficiencies across the entire organization continue to be our highest priorities. We believe our 2016 guidance shows that we are continuing our commitment to growth."