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<TITLE>Prepared and Filed by St Ives Financial</TITLE>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:16 PT'>UNITED STATES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font style='font-size:16 pt'>SECURITIES
  AND EXCHANGE COMMISSION</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:10 PT'>WASHINGTON, DC  20549</font></B></p>


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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:16 pt'>FORM
  8-K</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10 pt'>CURRENT
  REPORT</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font style='font-size:10 pt'>PURSUANT
  TO SECTION 13 OR 15(d) OF THE</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font style='font-size:10 pt'>SECURITIES
  EXCHANGE ACT OF 1934</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font style='font-size:10 pt'><b>Date
  of report (Date of earliest event reported): November 1, 2006</b></font><u><font style='font-size:10 pt'>
  </font></u></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:center;'><b><font style='font-size:18 pt'>Aqua
  America, Inc. </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10 pt'>(Exact
  Name of Registrant Specified in Charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10 pt'>&nbsp;</font></p>

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    <tr>
        <td width="50">&nbsp;</td>

    <td align=center valign=top width="280"><font style='font-size:10 pt'><b>Pennsylvania
      </b></font><br>
<font style='font-size:10 pt'>(State or Other Jurisdiction </font><br>
<font style='font-size:10 pt'>of Incorporation)</font><br></td>

    <td align=center valign=top width="280"><font style='font-size:10 pt'><b>001-06659</b></font><br>
            <font style='font-size:10 pt'>(Commission File</font><br>
<font style='font-size:10 pt'>Number)</font><br></td>

    <td align=center valign=top width="280"><font style='font-size:10 pt'><b>23-1702594</b></font><br>
            <font style='font-size:9.5 pt'>(I.R.S. Employer</font><br>
<font style='font-size:9.5 pt'>Identification No.)</font><br></td>
        <td width="50">&nbsp;</td></tr></table>

<table width="100%" cellspacing=0 cellpadding=0>
    <tr>
        <td width="50">&nbsp;</td>
                    <td align=center valign=top width="280"><font style='font-size:10 pt'>&nbsp;</font><br></td>
        <td align=center valign=top width="280"><br></td>

        <td align=center valign=top width="280"><br></td>
                    <td width="50">&nbsp;</td></tr></table>

<table width="100%" cellspacing=0 cellpadding=0>
    <tr>
        <td width="50">&nbsp;</td>

    <td align=center valign=top width="280"><font style='font-size:10 pt'><b>762
      West Lancaster Avenue</b></font><b><br>
      <font style='font-size:10 pt'>Bryn Mawr, Pennsylvania</font></b><br>
<font style='font-size:10 pt'>(Address of Principal Executive Offices) </font><br></td>
        <td align=center width="280" >&nbsp;</td>
                    <td align=center valign=top width="280"><font style='font-size:10 pt'>&nbsp;</font><br>
      <font style='font-size:10 pt'><b>19010-3489</b></font><br>
<font style='font-size:10 pt'>(Zip Code)</font></td>
        <td width="50">&nbsp;</td></tr></table>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><font style='font-size:10 pt'><b>Registrant&#146;s
  telephone number, including area code: </b></font><b><font style='font-size:10 pt'>(610)
  527-8000</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10 pt'>&nbsp;</font></p>


<div align=center>


<table border="0" cellspacing=0 cellpadding=0 width="70%" style=' border-collapse:collapse;'>
    <tr>

        <td width="100%" valign=bottom >

<p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'>
<hr noshade width="100%" color="Gray" size="1"> </td> </tr>
    <tr>

        <td valign=bottom >

<p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10 pt'>(Former Name or Former Address, if Changed Since Last Report)</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10 pt'>Check
  the appropriate box below if the Form 8-K filing is intended to simultaneously
  satisfy the filing obligation of the registrant under any of the following provisions:</font></p>

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  <tr>
    <td width="5%" nowrap valign="top">&nbsp;</td>
    <td width="5%" nowrap valign="top">
      <p style=' margin-bottom:0pt; margin-top:12pt;'><b><font style='font-size:10 pt'><img src="emptybox.gif"></font></b>
    </td>
    <td valign="Top">
      <p style=' margin-bottom:0pt; margin-top:12pt;'><font style='font-size:10 pt'>Written
        communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font>
    </td>
  </tr>
</table>

<table width="100%" cellspacing=0 cellpadding=0>
  <tr>
    <td width="5%" nowrap valign="top">&nbsp;</td>
    <td width="5%" nowrap valign="top">
      <p style=' margin-bottom:0pt; margin-top:12pt;'><b><font style='font-size:10 pt'><img src="emptybox.gif"></font></b>
    </td>
    <td valign="Top">
      <p style=' margin-bottom:0pt; margin-top:12pt;'><font style='font-size:10 pt'>Soliciting
        material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
    </td>
  </tr>
</table>

<table width="100%" cellspacing=0 cellpadding=0>
  <tr>
    <td width="5%" nowrap valign="top">&nbsp;</td>
    <td width="5%" nowrap valign="top">
      <p style=' margin-bottom:0pt; margin-top:12pt;'><b><font style='font-size:10 pt'><img src="emptybox.gif"></font></b>
    </td>
    <td valign="Top">
      <p style=' margin-bottom:0pt; margin-top:12pt;'><font style='font-size:10 pt'>Pre-commencement
        communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
        240.14d-2(b))</font>
    </td>
  </tr>
</table>

<table width="100%" cellspacing=0 cellpadding=0>
  <tr>
    <td width="5%" nowrap valign="top">&nbsp;</td>
    <td width="5%" nowrap valign="top">
      <p style=' margin-bottom:0pt; margin-top:12pt;'><b><font style='font-size:10 pt'><img src="emptybox.gif"></font></b>
    </td>
    <td valign="Top">
      <p style=' margin-bottom:0pt; margin-top:12pt;'><font style='font-size:10 pt'>Pre-commencement
        communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
        240.13e-4(c))</font>
    </td>
  </tr>
</table>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:12 pt'>&nbsp;</font></p>



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        <td width="10%" valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='font-size:10 pt'>Item 2.02</font></b></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='font-size:10 pt'>Results of Operations and Financial Condition.</font></b></p> </td> </tr></table>
</div>



<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10 pt'>On
  November 1, 2006, Aqua America, Inc. issued a press release announcing its financial
  results for the quarter and nine months ended September 30, 2006.</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:8 pt'>&nbsp;</font></p>
<div align=left>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style=' border-collapse:collapse;'>
    <tr>

        <td width="10%" valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='font-size:10 pt'>Item 9.01</font></b></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='font-size:10 pt'>Financial Statements and Exhibits.</font></b></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:8 pt'>&nbsp;</font></p>
<div align=left>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style=' border-collapse:collapse;'>
    <tr>

        <td width="15%" valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td width="5%" valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10 pt'>(d)</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10 pt'>Exhibits.</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:8 pt'>&nbsp;</font></p>
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    <tr>

        <td width="15%" valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td width="5%" valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10 pt'>99.1</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10 pt'>Press Release, dated November 1, 2006, issued by Aqua America, Inc.</font></p> </td> </tr></table>
</div>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10 pt'>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:12 pt'>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10 pt'>-2-</font></p>


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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:12 pt'>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><B><font style='font-size:10 PT'>SIGNATURE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:10%;text-align:left;'><font style='font-size:10 pt'>Pursuant
  to the requirements of the Securities Exchange Act of 1934, the registrant has
  duly caused this report to be signed on its behalf by the undersigned hereunto
  duly authorized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:8 pt'>&nbsp;</font></p>


<div align=center>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style=' border-collapse:collapse;'>
    <tr>

        <td width="49%" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td width="3%" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td colspan="2" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><B><font style='font-size:10 PT'>AQUA AMERICA, INC.</font></B></p> </td> </tr>
    <tr>

        <td width="49%" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'>  </p> </td>

        <td width="3%" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td width="4%" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10 pt'>By:&nbsp;</font></p> </td>

        <td width="43%" valign=bottom >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br> <font style='font-size:10 PT'>/s/ ROY H. STAHL</font></p> </td> </tr>
    <tr>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'>
<hr noshade width="100%" color="Gray" size="1"> </td> </tr>
    <tr>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

        <td valign=top >

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10 pt'>Roy H. Stahl</font><br> <font style='font-size:10 pt'>Executive Vice President and General Counsel</font></p> </td> </tr></table>
</div>



<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10 pt'>Dated:
  November 1, 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10 pt'>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:12 pt'>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10 pt'>-3-</font></p>


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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:12 pt'>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><u><font style='font-size:10 pt'>Exhibit Index</font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10 pt'>&nbsp;</font></p>


<div align=left>


  <table border="0" cellspacing=0 cellpadding=0 width="100%" style=' border-collapse:collapse;'>
    <tr>
      <td width="7%" valign=bottom >
        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10 pt'>Exhibit</font></p>
      </td>
      <td width="2%" valign=bottom >
        <p style=' margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'>&nbsp;<u></u></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10 pt'>Exhibit
          Description</font></p>
      </td>
    </tr>
    <tr>
      <td valign=bottom >
<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'>
<hr noshade width="100%" color="Gray" size="1">
      </td>
      <td valign=bottom >
        <p style=' margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom >
<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-bottom:0pt;'>
<hr noshade width="100%" color="Gray" size="1">
      </td>
    </tr>
    <tr>
      <td valign=bottom >
        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10 pt'>99.1</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
      </td>
      <td valign=bottom >
        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10 pt'>Press
          Release, dated November 1, 2006, issued by Aqua America, Inc. </font></p>
      </td>
    </tr>
  </table>
</div>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:12 pt'>&nbsp;</font></p>


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{"company-data": {"conformed-name": "AQUA AMERICA INC", "cik": "0000078128", "assigned-sic": "4941", "irs-number": "231702594", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-06659", "film-number": "061177372"}, "business-address": {"street1": "762 LANCASTER AVE", "city": "BRYN MAWR", "state": "PA", "zip": "19010", "phone": "2155278000"}, "mail-address": {"street1": "762 LANCASTER AVE", "city": "BRYN MAWR", "state": "PA", "zip": "19010"}, "former-company": {"former-conformed-name": "PHILADELPHIA SUBURBAN CORP", "date-changed": "19920703"}}
Prepared and Filed by St Ives Financial
UNITED STATES
SECURITIES
  AND EXCHANGE COMMISSION
WASHINGTON, DC  20549
FORM
  8-K
CURRENT
  REPORT
PURSUANT
  TO SECTION 13 OR 15(d) OF THE
SECURITIES
  EXCHANGE ACT OF 1934
Date
  of report (Date of earliest event reported): November 1, 2006
Aqua
  America, Inc.
(Exact
  Name of Registrant Specified in Charter)
Pennsylvania
(State or Other Jurisdiction
of Incorporation)
001-06659
(Commission File
Number)
23-1702594
(I.R.S. Employer
Identification No.)
762
      West Lancaster Avenue
Bryn Mawr, Pennsylvania
(Address of Principal Executive Offices)
19010-3489
(Zip Code)
Registrant's
  telephone number, including area code:
(610)
  527-8000
(Former Name or Former Address, if Changed Since Last Report)
Check
  the appropriate box below if the Form 8-K filing is intended to simultaneously
  satisfy the filing obligation of the registrant under any of the following provisions:
Written
        communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting
        material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement
        communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
        240.14d-2(b))
Pre-commencement
        communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
        240.13e-4(c))
Item 2.02
Results of Operations and Financial Condition.
On
  November 1, 2006, Aqua America, Inc. issued a press release announcing its financial
  results for the quarter and nine months ended September 30, 2006.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
99.1
Press Release, dated November 1, 2006, issued by Aqua America, Inc.
-2-
SIGNATURE
Pursuant
  to the requirements of the Securities Exchange Act of 1934, the registrant has
  duly caused this report to be signed on its behalf by the undersigned hereunto
  duly authorized.
AQUA AMERICA, INC.
By:
/s/ ROY H. STAHL
Roy H. Stahl
Executive Vice President and General Counsel
Dated:
  November 1, 2006
-3-
Exhibit Index
Exhibit
Exhibit
          Description
99.1
Press
          Release, dated November 1, 2006, issued by Aqua America, Inc.