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New Jersey American Water Donates $25,000 and 1,000 Pounds of Food Through Statewide Food Drive for New Jersey Food Banks
Businesswire· 2025-11-26 14:33
Core Points - New Jersey American Water donated $25,000 to ten food banks across the state [1] - The company organized food drives at its operating centers, collecting over 1,000 pounds of food from employees and partners [1] - The initiative was launched in late October to address increased demand for food banks due to the federal shutdown [1]
New Jersey American Water Announces 2025 Community Advancement Grant Program Recipients
Businesswire· 2025-11-25 21:44
Core Points - The American Water Charitable Foundation announced the recipients of its 2025 Community Advancement Grant, awarding $25,000 to 10 organizations in New Jersey to enhance access to opportunities for individuals with limited access to services [1][3] - The grants aim to support various community-related projects and programs, reinforcing the Foundation's commitment to community development and resilience [2][3] Grant Recipients - A Hand to Hold, Inc. will expand its Pathways to Success and Youth Hygiene Pantry initiatives [4] - Domestic Abuse & Sexual Assault Crisis Center of Warren County will increase community access to programs and services [4] - Feeding Hands, Inc. will expand its Kids in the Kitchen healthy cooking program [4] - HABcore, Inc. will enhance services supporting affordable housing [4] - Hairy's Dog House will expand outreach programs for children in hospitals [4] - JPELITE Enterprise will expand initiatives for the Young Engineers Enrichment Program [4] - Meeting Essential Needs with Dignity, Inc. (MEND) will extend its Mobile Market program [4] - New Jersey Blind Citizen Association, Inc. will improve the quality of life for the visually impaired [4] - Tara's Happy Boxes will expand wellness services for children [4] - VET4U, LLC will increase outreach programs for homeless veterans [4] Foundation Overview - The American Water Charitable Foundation focuses on three pillars of giving: Water, People, and Communities, having invested over $20 million in funding since 2012 [8] - The Foundation's initiatives are part of the Keep Communities Flowing Grant Program, which emphasizes high-impact projects across American Water's national footprint [3][8] Company Background - American Water is the largest regulated water and wastewater utility company in the U.S., serving over 14 million people across 14 states [6] - New Jersey American Water, a subsidiary of American Water, is the largest regulated water utility in New Jersey, providing services to approximately 2.9 million people [9]
California American Water, Senator Niello and Assemblymember Hoover Partner to Support Local Food Pantries Ahead of Thanksgiving
Businesswire· 2025-11-25 20:12
Core Points - California American Water is collaborating with local officials to support food pantries during the holiday season through its Operation Gobble initiative [1][2][3] - The company donated $2,500 each to the Carmichael Adventist Food Pantry and Sunrise Christian Food Ministries to assist families in need [1][2] - The initiative aims to address the increased demand for food assistance during Thanksgiving, highlighting the ongoing issue of food insecurity [2][3] Company Overview - California American Water is a subsidiary of American Water, providing water and wastewater services to approximately 750,000 people [7] - American Water is the largest regulated water and wastewater utility company in the U.S., serving over 14 million people across 14 states [4]
3 Stocks to Watch From the Thriving Water Supply Industry
ZACKS· 2025-11-24 16:16
Core Viewpoint - The Zacks Utility - Water Supply industry is essential for providing clean drinking water and efficient sewer services, with a focus on infrastructure upgrades to meet growing demand and address aging pipelines [1][2][3]. Industry Overview - The industry consists of companies providing drinking water and wastewater services across a vast network of nearly 2.2 million miles of aging pipelines, requiring continuous investment in infrastructure [3]. - Water utilities benefit from lower interest rates, which reduce financing costs and support infrastructure investments [4]. - The U.S. water industry is fragmented, with over 50,000 community water systems and 14,000 wastewater treatment facilities, leading to inefficiencies that consolidation could address [5]. Investment Needs - The U.S. water infrastructure is deteriorating, with an estimated $1.25 trillion needed over the next 20 years for upgrades, while the Bipartisan Infrastructure Law has committed $50 billion for improvements [6]. - The American Society of Civil Engineers rates U.S. drinking water infrastructure at C- and wastewater systems at D+, highlighting the urgent need for upgrades [6]. Market Performance - The Zacks Utility Water Supply industry has underperformed compared to the Zacks S&P 500 composite and the broader utilities sector over the past 12 months, gaining 6.1% versus 12.5% for the sector and 12.4% for the S&P 500 [11]. - The industry is currently trading at a trailing 12-month EV/EBITDA of 15.89X, lower than the S&P 500's 17.94X and the sector's 15.92X [14]. Earnings Outlook - The Zacks Utility Water Supply industry has a positive earnings outlook, with an aggregate earnings estimate of $2.27 indicating year-over-year growth of 7.1% [9]. - The Zacks Industry Rank 97 places the industry in the top 40% of over 243 Zacks industries, suggesting bullish prospects for the near term [7][8]. Company Highlights - **American States Water Company (AWR)**: Plans to invest $180-$210 million in 2025 for infrastructure upgrades, with a long-term earnings growth rate of 5.65% and a current dividend yield of 2.75% [18][19]. - **American Water Works Company (AWK)**: Aims to invest $3.3 billion in 2025 and $19-$20 billion from 2026 to 2030 for infrastructure strengthening, with a long-term earnings growth rate of 6.77% and a current dividend yield of 2.49% [23][24]. - **Essential Utilities Inc. (WTRG)**: Plans to invest $7.8 billion from 2025 to 2029 for pipeline rehabilitation, with a current dividend yield of 3.42% [27][28].
California American Water and Assemblywoman Krell Partner to Support Benito Juarez Foundation in Combating Food Insecurity During the Holiday Season
Businesswire· 2025-11-21 15:45
Core Points - California American Water is committed to community support through its seasonal initiative, Operation Gobble, aimed at addressing food insecurity in California [1][3] - A donation of $2,500 was presented to the Benito Juarez Foundation to assist families in need during the holiday season [1][3] - The funds will support the Foundation's Emergency Food Program, which provides essential food assistance to farm workers and indigenous communities in the greater Sacramento region [3][4] Company Overview - California American Water is a subsidiary of American Water, providing safe, clean, reliable, and affordable water and wastewater services to approximately 750,000 people [6] - American Water is the largest regulated water and wastewater utility company in the United States, serving over 14 million people across 14 states and 18 military installations [5]
Pennsylvania American Water Completes Acquisition of the Corner Water Supply and Service Corporation Water System
Businesswire· 2025-11-20 21:58
Core Points - Pennsylvania American Water has completed the acquisition of Corner Water Supply and Service Corporation's water system for $250,000, serving approximately 450 customer connections in Shippenville, Clarion County [1][2] - The company plans to invest over $4.3 million in improvements to the newly acquired water system over the next five years to meet regulatory, safety, and security standards while maintaining affordable rates for customers [2][3] - The acquisition is part of a broader trend of regional consolidation in Pennsylvania's water and wastewater systems, addressing challenges related to aging infrastructure and increasing regulatory demands [3][4] Company Strategy - Pennsylvania American Water aims to connect the acquired water system to its existing Clarion system, enhancing reliability and service quality for customers [2][3] - The company has a proven track record of addressing significant capital investment needs in water systems and ensuring compliance with current and future regulatory requirements [2][3] Customer Impact - The acquisition is expected to provide uninterrupted access to clean and safe water for former Corner Water customers, with the Pennsylvania Public Utility Commission approving the acquisition and allowing the adoption of current rates for these customers [5][4] - Pennsylvania American Water offers various customer assistance programs, including grants for income-eligible customers, to support affordability and access to services [6] Industry Context - The acquisition reflects a growing trend in the industry where larger utility companies consolidate smaller systems to improve service delivery and meet regulatory standards [3][4] - Pennsylvania American Water is the largest regulated water utility in the state, serving approximately 2.4 million people and leveraging its scale to provide effective solutions for communities [8]
Pennsylvania American Water Educates Customers on Utility Scam Awareness Day
Businesswire· 2025-11-19 16:52
Core Points - Pennsylvania American Water emphasizes the importance of customer safety on Utility Scam Awareness Day by providing tips to identify and avoid utility scams [1] - The company highlights the rising trend of utility scams and urges customers to exercise caution and verify the identity of workers before granting access [1]
American Water Promotes Customer Safety on Utility Scam Awareness Day
Businesswire· 2025-11-19 14:26
Core Points - American Water, the largest regulated water and wastewater utility company in the U.S., emphasizes the importance of customer safety on Utility Scam Awareness Day [1] - The company provides valuable tips to help customers identify and avoid utility scams, which are on the rise [1] - American Water urges the public to verify the identity of utility workers to enhance safety and prevent scams [1]
American Water Shares Holiday Tips for Safe Disposal of Fats, Oils, and Grease
Businesswire· 2025-11-18 16:53
Core Points - American Water emphasizes the importance of proper disposal of fats, oils, and grease (FOGs) to protect plumbing and wastewater systems, which in turn safeguards communities and the environment [2][3] - The company provides practical tips for disposing of FOGs, including not rinsing them down the drain, using a strainer, and scraping food scraps into the trash before washing dishes [6] 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 [4] - The company reported revenues of $4.68 billion and net income of $1.05 billion for the year 2024 [8][13] - American Water has a workforce of 6,700 employees and has been operational since 1886 [4][8]
California American Water and Assemblywoman Soria Partner to Support Madera County Food Bank
Businesswire· 2025-11-13 20:00
Core Points - California American Water partnered with Assemblywoman Esmeralda Soria to donate $2,500 to the Madera County Food Bank as part of the Operation Gobble campaign [1][3] - Operation Gobble is a charitable initiative that has evolved from a turkey donation program to providing direct financial support to local food banks across California [2] - The donation aims to assist the Madera County Food Bank in providing food assistance to families in need, especially during the holiday season [3][4] Company Overview - California American Water is a subsidiary of American Water, which is the largest regulated water and wastewater utility company in the United States, serving over 14 million people [5][7] - The company is committed to providing safe, clean, reliable, and affordable water services, and actively engages in community support initiatives [4][5] Recent Developments - California American Water is currently constructing a new water treatment facility in Madera County to enhance water quality and service reliability [10] - The company is also undertaking a $1.4 million meter installation project in the Fruitridge Vista Water District to improve service reliability and billing accuracy [11]