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Aqua Pennsylvania Acquires City of Beaver Falls Wastewater System in Beaver County

1. Essential Utilities acquired Beaver Falls wastewater system for $37.75 million. 2. The system serves 3,200 customers and 3,800 EDUs across nearby municipalities.

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Why Bullish?

The acquisition expands WTRG's customer base and operational footprint, potentially increasing revenue. Historically, similar acquisitions have led to positive market responses for utilities, indicating growth potential for WTRG.

How important is it?

The purchase positively impacts WTRG's growth strategy and operational scale, making it highly significant. The acquisition indicates management's strategic focus, improving investor confidence.

Why Long Term?

The benefits of this acquisition may strengthen WTRG's market position over time, leading to sustained revenue growth. Long-term infrastructure investments can stabilize cash flow and enhance shareholder value.

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BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities, Inc. (NYSE: WTRG) announced today its Aqua Pennsylvania subsidiary has finalized a $37.75 million purchase of the City of Beaver Falls wastewater system in Beaver County, PA. The system serves approximately 3,200 customers in the City of Beaver Falls. The wastewater system also provides bulk transmission and treatment service for approximately 3,800 Equivalent Dwelling Units (EDU) in seven nearby municipalities including Patterson Township,.

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