Aqua America Provides 2016 Guidance
January 13 2016 - 4:05PM
Business Wire
Aqua America, Inc. (NYSE: WTR) today announced its guidance for
2016.
2016 Guidance Highlights
- Earnings per diluted common share of
$1.30 to $1.35
- Total customer base growth of 1.5 to 2
percent
- Same-system operations and maintenance
expenses increase of 1 to 2 percent
- More than $350 million in capital
investments in 2016; more than $1.1 billion planned through
2018
“The guidance for 2016 is a reflection of our ongoing commitment
to increase value for our customers, employees and shareholders,”
said Aqua America President and Chief Executive Officer Christopher
Franklin. “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.”
Aqua America will host an analyst day on January 14, 2016 at the
New York Stock Exchange. A live webcast of the event will be
available on the Investor Relations section of AquaAmerica.com
beginning at 9 a.m. and ending at approximately 11:30 a.m. Eastern
Standard Time. The webcast will be archived in the Investor
Relations section of the company’s website for 90 days following
the event.
Franklin and other members of Aqua’s senior leadership team will
present on the company’s current operations, corporate finance,
regulatory affairs and future growth strategy.
About Aqua America
Aqua America is one of the largest U.S.-based, publicly traded
water utilities and serves nearly 3 million people in Pennsylvania,
Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and
Virginia. Aqua America is listed on the New York Stock Exchange
under the ticker symbol WTR. Visit AquaAmerica.com for more
information.
Caution Concerning Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, among others: the guidance range of earnings per share
for the fiscal year ending in 2016; the continuation of the
company's growth-through-acquisition program and the expectations
for customer growth from this program; the expected increase in
customer base for the fiscal year ending in 2016; the company's
expected same-system operations and maintenance expense increase
for the fiscal year ending in 2016; the company's ability to
control expenses and create and maintain efficiencies; the
anticipated amount of capital investment 2016 through 2018; the
company's ability to increase value for customers, employees and
shareholders; and the continuation of investments in strategic
ventures. There are important factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements including: the company's continued
ability to adapt itself for the future and build value by fully
optimizing company assets; general economic business conditions;
the company's ability to fund needed infrastructure due to its
financial position; housing and customer growth trends; unfavorable
weather conditions; the success of certain cost containment
initiatives; changes in regulations or regulatory treatment;
changes in the valuation of our investment in our joint venture in
the Marcellus shale region; availability and access to capital; the
cost of capital; disruptions in the credit markets; the success of
growth initiatives; the company's ability to continue to deliver
strong results; the company's ability to grow its dividend, add
shareholder value and to grow earnings; and other factors discussed
in our Annual Report on Form 10-K, which is on file with the
Securities and Exchange Commission. For more information regarding
risks and uncertainties associated with Aqua America's business,
please refer to Aqua America's annual, quarterly and other SEC
filings. Aqua America is not under any obligation - and expressly
disclaims any such obligation - to update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
WTRF
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version on businesswire.com: http://www.businesswire.com/news/home/20160113006029/en/
Aqua America, Inc.Brian DingerdissenInvestor RelationsO:
610-645-1191BJDingerdissen@AquaAmerica.comorDonna AlstonManager,
CommunicationsO: 610-645-1095M:
484-368-4720DPAlston@AquaAmerica.com
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