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ESSENTIAL UTILITIES, INC.

(WTRG)
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Aqua Pennsylvania : Says Reservoirs Are Ready for the Unofficial Start of Summer, Encourages Customers to Use Water Wisely

05/27/2021 | 02:40pm EDT

Aqua Pennsylvania reported today that its 10-billion-gallon reservoir storage in southeastern Pennsylvania is full and ready to support the increased usage period that traditionally begins around the Memorial Day weekend—the unofficial start of the summer season.

“Aqua’s reservoirs in southeastern Pennsylvania are ready for summer use despite lower than normal rainfall this month,” said Aqua Pennsylvania President Marc Lucca. “As we enter the holiday weekend, we’re reminded of the benefits reservoirs provide, which is to collect water during times when rain is more plentiful to have on hand for use during dryer periods.”

Lucca said although summer is officially still a few weeks away, the Memorial Day weekend marks the unofficial start of the summer season when customers begin using more water to fill swimming pools, water lawns, wash cars and other activities. “It’s natural that as the weather gets warmer, people use more water. Although our water storage is at 98 percent capacity now, people should always use water responsibly and remember that it is a limited resource.”

Aqua operates five reservoirs in southeastern Pennsylvania, which collectively hold approximately 10 billion gallons of water.

Aqua Pennsylvania serves approximately 1.4 million people in 32 counties throughout the Commonwealth of Pennsylvania. Visit AquaAmerica.com for more information or follow Aqua on Facebook at facebook.com/MyAquaAmerica and on Twitter at @MyAquaAmerica.


ę Business Wire 2021
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Financials (USD)
Sales 2021 1 908 M - -
Net income 2021 430 M - -
Net Debt 2021 6 115 M - -
P/E ratio 2021 29,6x
Yield 2021 2,10%
Capitalization 12 181 M 12 181 M -
EV / Sales 2021 9,59x
EV / Sales 2022 9,34x
Nbr of Employees 3 180
Free-Float 98,5%
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Number of Analysts 15
Last Close Price 49,57 $
Average target price 52,15 $
Spread / Average Target 5,21%
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Managers and Directors
Christopher H. Franklin Chairman, President & Chief Executive Officer
Dan J. Schuller Chief Financial Officer & Executive Vice President
Richard S. Fox Chief Operating Officer & Executive Vice President
Susan F. Haindl Chief Administrative Officer & Senior VP
Ellen T. Ruff Independent Director