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American Water Reports Strong 2023 Results; Affirms Long-Term Growth Targets; Increases 2024 EPS Guidance Resulting From Note Restructuring
Businesswire· 2024-02-14 21:31
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 ...
VEOEY vs. AWK: Which Stock Should Value Investors Buy Now?
Zacks Investment Research· 2024-02-14 17:40
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 ...
Pennsylvania American Water Awards $36K+ in Inclusion, Diversity and Equity Funding to 13 Organizations
Businesswire· 2024-02-13 18:39
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 ...
American Water Works pany(AWK) - 2023 Q4 - Annual Report
2024-02-13 16:00
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 ...
California American Water Appeals Ruling on LAFCO Decision
Businesswire· 2024-02-12 19:17
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]
American Water Works: Water Utility Giant With A Safe Dividend
Seeking Alpha· 2024-02-12 17:30
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 ...
American Water (AWK) to Post Q4 Earnings: What Awaits?
Zacks Investment Research· 2024-02-09 16:05
American Water Works Company (AWK) is set to release fourth-quarter 2023 results on Feb 14, after market close. In the last four quarters, the company delivered an average earnings surprise of 6.5%.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderAmerican Water Works’ fourth-quarter earnings are expected to have benefited from new water rates, effective in different territories. It received approval for implementing new rates worth $359 million, ...
American Water Charitable Foundation Invests More Than a Quarter Million Dollars in California and Hawaii
Businesswire· 2024-02-08 22:40
SACRAMENTO, Calif.--(BUSINESS WIRE)--The American Water Charitable Foundation, a 501(c)(3) organization established by American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced that it awarded a combined total of $257,000 in 2023 to support communities served by California and Hawaii American Water. “At California American Water and Hawaii American Water, we are committed to giving back to the communities we live in and serve, ensuring a sustainable fut ...
American Water Named One of America's Most JUST Companies by JUST Capital and CNBC
Businesswire· 2024-02-08 16:30
CAMDEN, N.J.--(BUSINESS WIRE)--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced today that it has been named one of America’s Most JUST Companies by JUST Capital and CNBC. American Water is the highest-ranked water utility and ranked 68th overall, well within the top 10% of all Russell 1000 companies that were considered. The JUST 100 is the only ranking that recognizes American corporate leadership on business issues prioritized by the public. ...
Illinois American Water President Rebecca Losli Named Chairperson of the Illinois Utilities Business Diversity Council
Businesswire· 2024-02-08 16:00
SPRINGFIELD, Ill.--(BUSINESS WIRE)--Rebecca Losli, president of Illinois American Water, has been appointed chairperson of the board of the Illinois Utilities Business Diversity Council (IUBDC). Losli succeeds chairman and president of Ameren Illinois, Lenny Singh, who led the IUBDC in 2023, and remains an active member of the IUBDC Board of Directors. Formed in 2015, IUBDC is a coalition of the state’s leading utilities focused on increasing business for diverse suppliers through collaboration, technical ...