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  "documentTitle": "Essential Utilities, Inc. (WTRG)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2023-03-08 00:00:00",
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      "text": "WTRG's discussion focuses on capital expenditures and acquisitions but provides no mention of the cash flows necessary to support it.",
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      "text": "Unlike industry peers below, WTRG noticeably does not discuss operating cash flow.",
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      "text": "American Water States 10-Q excerpt",
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      "text": "Public companies must give a discussion of liquidity and capital resources or condition in the 10-Q and 10-K. The discussion should contain factors affecting operating cash flow. Unlike industry peers below, WTRG noticeably does not discuss operating cash flow. Why would it omit such a critical topic important for investor decision-making?",
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      "text": "Source: WTRG 10-Q, MSEX 10-Q, CWST 10-Q, AWR 10-Q",
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      "text": "Why Does WTRG Fail To Discuss Operating Cash Flow Within Its Quarterly MD&A?",
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