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American Water Works' California Unit Prepares for Dry Months
ZACKS· 2025-12-04 18:16
Group 1: ASR Program and Water Supply Management - California American Water, a unit of American Water Works, is implementing the Aquifer Storage and Recovery (ASR) Program to ensure a reliable water supply during dry months by capturing and treating excess rainwater [1][2] - The ASR Program is a cost-effective water resource management technique that allows for underground water storage during periods of abundance, avoiding evaporation losses and providing emergency supplies [3][11] - The program is expected to enhance customer retention and expand the customer base by meeting the rising demand for water [4] Group 2: Infrastructure Investments - The U.S. water and wastewater infrastructure is deteriorating, with frequent water main breaks leading to wastage and contamination [5] - American Water Works plans to invest $3.7 billion in infrastructure upgrades in 2026, with a long-term capital expenditure plan of $19-$20 billion from 2026 to 2030 and $46-$48 billion from 2026 to 2035 [6][11] - The Environmental Protection Agency estimates that $1.25 trillion will be needed over the next 20 years for maintaining and upgrading water systems [7] Group 3: Industry Investment Trends - Other water utilities, such as Essential Utilities and California Water Service Group, are also making significant investments to upgrade aging infrastructure [8] - Essential Utilities plans to invest $7.8 billion from 2025 to 2029 for rehabilitating its water and natural gas pipeline systems [9] - California Water Service Group intends to invest between $450 million and $550 million in 2025 to strengthen its operations and believes its underground water aquifers can meet future demand [10]
American Water Advises Customers to Prepare for Freezing Temperatures
Prnewswire· 2025-12-04 15:03
Core Insights - American Water emphasizes the importance of preparing residential pipes for winter to prevent freezing and costly repairs as temperatures drop [2][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 states and 18 military installations [5] Winter Preparation Tips - Customers are advised to locate and test their main water shut-off valve to ensure it functions properly [4] - It is recommended to check and drain sprinkler or irrigation systems to prevent freezing [4] - Insulating exposed pipes and eliminating cold air sources near water lines are crucial steps [4] - Keeping water moving through pipes by allowing a small trickle can help prevent freezing [4] - In case of frozen pipes, it is essential to shut off the main water supply before attempting to thaw them [4] - Setting thermostats at 55 degrees and having someone check the property regularly can help maintain safe temperatures [4] - Consideration of purchasing a freeze alarm is suggested to alert homeowners if temperatures drop too low [4]
Missouri American Water Urges Customers to Prepare for Cold Weather
Prnewswire· 2025-12-04 12:00
Tips to Protect Pipes Before Freezing Temperatures ST. LOUIS, Dec. 4, 2025 /PRNewswire/ -- As winter approaches, Missouri American Water reminds customers to prepare their homes and businesses, providing handy tips to help avoid costly repairs and unwanted stress from frozen water pipes this season. "As temperatures drop, a little preparation goes a long way. Protecting your home's plumbing now helps ensure reliable water service all winter. Locate your main shut-off valve, insulate exposed pipes, and stay ...
California American Water President Addresses ASCE 2025 Report Card for California, Urges More Investment in Critical Water Infrastructure
Prnewswire· 2025-12-03 23:08
Core Insights - The American Society of Civil Engineers (ASCE) downgraded California's drinking water grade from C in 2019 to D+ in 2025, highlighting significant infrastructure challenges [1] - California American Water emphasizes its commitment to ensuring safe, clean, reliable, and affordable water for communities amid these challenges [1] Company Overview - California American Water is a subsidiary of American Water, serving approximately 750,000 people with water and wastewater services [1] - American Water is the largest regulated water and wastewater utility company in the U.S., providing services to over 14 million people across 14 states and 18 military installations [1] - The company has a history dating back to 1886 and focuses on maintaining infrastructure to support community health and safety [1]
New Jersey American Water's Water UP! Graduates Ready to Keep the State's Water Workforce Flowing
Prnewswire· 2025-12-03 21:44
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4572147- CAMDEN, N.J.,Dec. 3, 2025/PRNewswire/ --Excitement filled the room at Essex County College today as 11 participants graduated from New Jersey American Water's fifth annual Water Utility Pipeline (Water UP!) program. The graduating class, consisting of New Jersey residents from Newark, Irvington, Belleville, Bloomfield, West Orange, Union, and Plainfield, proudly received their certificates, marking the completion of their training in the workforce dev ...
American Water Employees Contribute Nearly 3,000 Volunteer Hours During Companywide AmerICANs in Action! Month of Service
Prnewswire· 2025-12-03 20:31
Core Viewpoint - American Water, the largest regulated water and wastewater utility company in the U.S., highlighted its commitment to community engagement through the "AmerICANs in Action! Month of Service," where over 900 employees participated in 90 volunteer projects, contributing nearly 3,000 hours of service [1] Company Overview - American Water provides safe, clean, reliable, and affordable drinking water and wastewater services to more than 14 million people across 14 states and 18 military installations [1] - The company has a history dating back to 1886 and employs 6,700 professionals who leverage their expertise to achieve excellent outcomes for customers, employees, investors, and other stakeholders [1] Community Engagement Initiatives - The "AmerICANs in Action!" initiative encourages employees, their families, retirees, business partners, and suppliers to lead team-based volunteer projects in local communities during September [1] - In 2025, employees participated in various initiatives, including organizing school supply drives, cleaning source water areas, planting trees, and volunteering at local shelters and food banks [1]
American Water Selects United Way for the New York Stock Exchange's 2025 Global Giving Campaign
Prnewswire· 2025-12-03 17:39
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4571759- CAMDEN, N.J.,Dec. 3, 2025/PRNewswire/ -- American Water (NYSE:[AWK](#financial-modal)), the largest regulated water and wastewater utility company in the U.S., selects United Way to be recognized as part of the[New York Stock Exchange's ("NYSE") 2025 Global Giving Campaign] 1&h=221611221&u=https://www.nyse.com/global-giving-campaign&a=New+York+Stock+Exchange's+ ("NYSE")+2025+Global+Giving+Campaign). The NYSE's Global Giving Campaign invites listed com ...
California American Water Prepares for Aquifer Storage and Recovery Program
Prnewswire· 2025-12-01 22:44
Core Insights - California American Water is enhancing its Aquifer Storage and Recovery (ASR) program to optimize water capture during winter storms, ensuring water availability during dry months [1][3]. Group 1: ASR Program Preparation - The company is proactively improving ASR well infrastructure to prepare for the winter season, which includes sterilization and inspection of seasonal wells to maximize production [2]. - Equipment rehabilitation involves installing new or refurbished components such as column pipes, pumps, and motors, followed by disinfection to ensure optimal operation and water quality [2][3]. Group 2: Water Capture Strategy - The ASR season starts on or after December 1 when the Carmel River flow exceeds 40 cubic feet per second, allowing for the capture of excess water to be stored in the Seaside Basin [3]. - Capturing winter water is a fundamental aspect of California American Water's supply strategy, aimed at enhancing performance and efficiency [3]. Group 3: Company Overview - California American Water has been operating the Monterey Peninsula's water system for over 60 years, serving approximately 100,000 people with a complex network of over 680 miles of pipeline and over 100 storage tanks [4]. - As a subsidiary of American Water, California American Water provides services to around 750,000 people, contributing to the largest regulated water and wastewater utility company in the U.S. [5][6].
American Water's Christine Keck Appointed to Washington Post Intelligence Council
Prnewswire· 2025-12-01 15:12
Core Insights - Christine Keck has been appointed to the WP Intelligence Council, enhancing American Water's influence in policy and industry innovation [1][3] - WP Intelligence aims to build a community of executives and thought leaders to address critical issues, with Keck's expertise in regulatory matters being a significant asset [2][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 states and 18 military installations [5] - The company has a long history dating back to 1886 and focuses on providing safe, clean, reliable, and affordable water services [5] Industry Impact - Keck's role in the WP Intelligence Council is expected to foster innovation and develop actionable solutions for water services, benefiting communities and policymakers [3][4] - The Council's first meeting with Keck was held at the Global Women's Summit, indicating a commitment to collaboration across various sectors [4]
Why Is American Water Works (AWK) Up 2.5% Since Last Earnings Report?
ZACKS· 2025-11-28 17:32
Core Viewpoint - American Water Works reported strong third-quarter earnings, beating estimates and showing significant revenue growth, while also announcing a merger with Essential Utilities, Inc. that is expected to enhance its market position. Financial Performance - The company reported Q3 2025 earnings per share (EPS) of $1.94, exceeding the Zacks Consensus Estimate of $1.90 by 2.1% and improving 7.8% from $1.80 in the same quarter last year [2] - Total revenues for the quarter were $1.45 billion, surpassing the Zacks Consensus Estimate of $1.32 billion by 19.6% and increasing 9.8% year-over-year [3] - Operating income reached $614 million, up 13.1% from $543 million in the previous year [5] Segment Performance - Net revenues from regulated businesses were $1.34 billion, reflecting a year-over-year increase of 10.2% [4] - Other segment revenues amounted to $108 million, up 3.8% year-over-year [4] Operating Expenses - Total operating expenses for Q3 were $837 million, a 7.3% increase from $780 million in the prior year, driven by higher employee-related and technology costs [5] Merger Announcement - The company announced a merger agreement with Essential Utilities, Inc., projected to create a leading regulated U.S. water and wastewater utility with a pro forma enterprise value of approximately $63 billion [8] - Essential shareholders will receive 0.305 shares of American Water for each share they own, representing a 10% premium [9] Long-Term Guidance - American Water reiterated its 2025 EPS guidance in the range of $5.70 to $5.75, with a 2026 EPS expectation of $6.02 to $6.12 [10] - The company plans to invest $3.7 billion in 2026 and anticipates long-term capital expenditures of $19-$20 billion from 2026-2030 and $46-$48 billion from 2026-2035 [11] Market Sentiment - Estimates for the stock have trended downward recently, with a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [12][14]