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

1. WTRG's Aqua Pennsylvania acquires Beaver Falls wastewater system for $37.75 million. 2. Acquisition serves 3,200 customers and impacts 3,800 additional EDUs.

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+0.35%Current Return
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+0.72%S&P 500
$37.4707/22 08:50 AM EDTEvent Start
$37.607/23 03:27 PM EDTLatest Updated
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FAQ

Why Bullish?

This acquisition could enhance WTRG's revenue and customer base, similar to past successful expansions which boosted stock performance.

How important is it?

The purchase signifies strategic growth, aligning with WTRG's operational goals and market expansion plans.

Why Long Term?

The long-term growth potential from expanded services and customer base will likely enhance future earnings.

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AWKSREDTE
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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