MECHANICSBURG, Pa.--(BUSINESS WIRE)--Pennsylvania American Water is delighted to announce the launch of the American Water Charitable Foundation 2024 Water and Environment Grant Program. To streamline the grant experience for its community partners, the Foundation has combined Pennsylvania American Water’s former Environmental Grant Program with its Water and Environment Grant Program. This strategic integration will strengthen the Foundation’s charitable focus and impact across American Water’s footprint. ...

Wall Street started 2024 on a high, with the Dow and S&P 500 hitting fresh highs. However, the rally came to a sudden halt on Feb 12 as fresh inflation data dented investors’ confidence and dimmed hopes of a rate cut in March.The Labor Department reported that inflation rose more than expected in January and remained stubbornly high.The consumer price index (CPI) jumped 0.3% in January on a month-over-month basis, higher than the consensus estimate of 0.2%. On a year-over-year basis, CPI increased 3.1% in J ...

Core Insights - American Water Works Company (AWK) reported fourth-quarter 2023 operating earnings per share (EPS) of 88 cents, exceeding the Zacks Consensus Estimate of 84 cents by 4.8% and improving 8.6% from the previous year's earnings of 81 cents [1] - The company's total revenues for 2023 reached $4.2 billion, an increase of 11.7% from $3.8 billion in 2022, with quarterly revenues of $1.03 billion surpassing estimates by 7.6% [2] - AWK's 2024 EPS guidance has been raised to a range of $5.20-$5.30, indicating a positive outlook for future earnings growth [6] Financial Performance - The total operating expenses for Q4 2023 were $733 million, up 9.4% from $670 million in the same quarter last year, primarily due to increased operating and maintenance expenses [4] - Operating income for Q4 2023 was $299 million, reflecting a 14.6% increase from $261 million year-over-year, outperforming projections [4] - Cash flow from operating activities in 2023 was $1.87 billion, compared to $1.1 billion in the previous year [5] Segment Analysis - Revenues from regulated businesses in 2023 were $3.9 billion, up 11.8% year-over-year, driven by completed rate cases and infrastructure investments [3] - Other revenues for 2023 amounted to $314 million, an increase from $287 million in 2022 [3] Strategic Developments - The company has completed 23 acquisitions in eight states, adding 18,100 customers, with 25 pending acquisitions expected to add another 88,130 customers [4] - AWK has been authorized for additional annualized revenues of $359 million from rate increases and $31 million from infrastructure charges effective since the end of 2023 [4] Investment Outlook - The company plans to invest nearly $3.1 billion in 2024 and anticipates investments of $16-$17 billion and $34-$38 billion in the periods 2024-2028 and 2024-2033, respectively [6] - AWK maintains a long-term earnings and dividend growth target of 7-9% [6]

American Water Works (AWK) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.76%. A quarter ago, it was expected that this water utility would post earnings of $1.55 per share when it actually produced earnings of $1.66, delivering a surprise of 7.10%.Over the last four quarters, the ...

CAMDEN, N.J.--(BUSINESS WIRE)--American Water Works Company, Inc. (NYSE: AWK) today reported earnings of $0.88 per share for the fourth quarter 2023 compared to $0.81 per share in 2022, and full year earnings in 2023 of $4.90 per share compared to $4.51 per share in 2022. “American Water once again successfully executed on its strategies and achieved on-plan earnings growth in 2023. We invested a record $2.7 billion in regulated operations, led by infrastructure renewal, and the completion of 23 acquisit ...

Investors with an interest in Utility - Water Supply stocks have likely encountered both Veolia Environnement SA (VEOEY) and American Water Works (AWK) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that ta ...

MECHANICSBURG, Pa.--(BUSINESS WIRE)--In conjunction with Black History Month, celebrating the rich cultural heritage, triumphs and struggles of one the United States’ diverse populations, Pennsylvania American Water today announced the recipients of its annual corporate funding aimed at supporting inclusion, diversity and equity efforts. Charitable donations awarded to 13 organizations across the company’s service territory totaled $36,500. “ Investing in organizations that promote inclusion, diversity and ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34028 AMERICAN WATER WORKS COMPANY, INC. (Exact name of registrant as specified in its charter) Delaware 51-006369 ...

Core Points - California American Water is appealing a court decision that vacated a resolution denying the Monterey Peninsula Water Management District's (MPWMD) application to become a retail water supplier, which is necessary for MPWMD to serve Monterey customers [1][2] - The LAFCO decision is linked to Measure J, a 2018 ballot initiative aimed at exploring the feasibility of MPWMD acquiring California American Water's Monterey assets, which has resulted in MPWMD spending over $3 million on legal and consulting fees over five years [2] - California American Water has been operating the water system in the Monterey area for over 60 years, employing around 100 local professionals, including licensed operators and engineers [3] Company Overview - American Water is the largest regulated water and wastewater utility company in the U.S., serving over 14 million people across 14 jurisdictions and 18 military installations [4] - California American Water, a subsidiary of American Water, provides reliable water and wastewater services to approximately 700,000 people [5]

DSCimage American Water Works Company Inc. (NYSE:AWK) is a utility company that provides water and wastewater services in the United States. Founded in 1886, American Water Works is now a $24 billion (by market cap) water utility giant that employs more than 6,000 people. American Water Works provides its water (approximately 93% of FY 2022 revenue) and wastewater (approximately 7% of FY 2022 revenue) services to roughly 14 million people across 14 different states. By customers, this is the largest pub ...