3 Things to Watch When Aqua America Reports Q3 Earnings
Aqua America (NYSE: WTR), an industry leader among water utilities, is expected to report its third-quarter earnings on Nov. 1. For some investors, wading through a water utility's earnings report can be overwhelming, so let's prepare by focusing on some things we can expect management to address.
Unlike some of its peers, Aqua America recognizes nearly all of its revenue from operations in regulated markets. In fiscal 2016, for example, the regulated segment accounted for 97.6% of the company's operating revenue; conversely, American Water Works (NYSE: AWK), the largest water utility by market cap, reported that its regulated businesses segment accounted for 86.9% of the company's operating revenue in fiscal 2016. It's critical, consequently, that Aqua America receive approvals for the rate-increase requests that it files.
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Source: Fool.com
