UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 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): May 4, 2005
                                                            -----------

                               Aqua America, Inc.
                 -----------------------------------------------
                 (Exact Name of Registrant Specified in Charter)


       Pennsylvania                   001-06659                   23-1702594
     ----------------              ----------------          -------------------
      (State or Other              (Commission File           (I.R.S. Employer
      Jurisdiction of                   Number)              Identification No.)
      Incorporation)




              762 West Lancaster Avenue
                Bryn Mawr, Pennsylvania                            19010-3489
-------------------------------------------------               ----------------
         (Address of Principal Executive Offices)                  (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 (see General Instruction A.2. below):

     [ ] 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 May 4, 2005, Aqua America, Inc. issued a press release announcing its
financial results for the quarter ended March 31, 2005.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

             (c)  Exhibits.

             99.1 Press Release, dated May 4, 2005, issued by Aqua America, Inc.























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                                    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:  ROY H. STAHL
                                  -----------------------------------------
                                  Roy H. Stahl
                                  Executive Vice President and General Counsel



Dated: May 4, 2005





















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                                  Exhibit Index
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         Exhibit
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         99.1     Press Release, dated May 4, 2005, issued by Aqua America, Inc.