American Water Works pany(AWK)
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American Water Announces Quarterly Dividend
Prnewswire· 2025-12-05 14:45
Core Points - American Water Works Company, Inc. declared a quarterly cash dividend of $0.8275 per share, payable on March 3, 2026, to shareholders of record as of February 10, 2026, continuing the increase in annualized dividends approved by the Board on April 30, 2025 [1] Company Overview - 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, with a history dating back to 1886 [4] - The company employs 6,700 professionals who utilize their expertise and the company's scale to deliver reliable and affordable drinking water and wastewater services [4]
Old Man Winter Arrives Early: New Jersey American Water Urges Customers to Prepare Pipes and Conserve Water
Prnewswire· 2025-12-04 21:42
Core Viewpoint - New Jersey American Water emphasizes the importance of preparing plumbing for early cold weather to prevent costly repairs and manage water bills during the holiday season [1][2]. Group 1: Preparation Tips - Customers are advised to take simple steps to avoid frozen pipes, such as insulating exposed pipes, draining irrigation systems, and letting a small trickle of water run overnight [4]. - The company suggests setting the thermostat to 55 degrees and opening cabinet doors under sinks to allow warm air circulation [4]. - A freeze alarm is recommended to alert homeowners if the temperature drops below 45 degrees [4]. Group 2: Customer Assistance Programs - New Jersey American Water offers assistance programs like the H2O Help to Others Program and flexible payment options to support customers during winter [3]. - These resources aim to alleviate financial stress as seasonal expenses increase [3]. Group 3: Water Conservation - New Jersey is currently under a drought watch, indicating significantly below-average rainfall, making water conservation critical [3]. - Customers can monitor their water usage and find conservation tips through their MyWater account and the New Jersey Department of Environmental Protection's website [3]. Group 4: Company Overview - New Jersey American Water is the largest regulated water utility in the state, serving approximately 2.9 million people with safe, clean, reliable, and affordable water and wastewater services [4].
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
Core Insights - Missouri American Water emphasizes the importance of preparing homes and businesses for winter to prevent frozen pipes and costly repairs [1][2] Preparation Tips - Customers are advised to locate their main shut-off valve, insulate exposed pipes, and monitor for potential freezing to ensure reliable water service throughout winter [2][3] - It is recommended to eliminate sources of cold air near water lines by checking for pipes in areas prone to freezing and fixing drafty windows [3][4] Pipe Protection Strategies - Insulating exposed pipes with materials like heat tape or even fabric can help protect them from freezing [3] - Keeping water moving through the pipes by allowing a small trickle can prevent freezing, as the cost of water is typically lower than repair costs [5] Emergency Preparedness - Customers should know how to shut off their main water valve and test its functionality to ensure it works properly in emergencies [4] - A freeze alarm is suggested to alert homeowners if indoor temperatures drop below 45 degrees [5] 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 [6] - Missouri American Water, a subsidiary of American Water, is the largest regulated water utility in Missouri, providing services to approximately 1.6 million people [8]
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
Core Insights - New Jersey American Water celebrated the graduation of 11 participants from its fifth annual Water Utility Pipeline (Water UP!) program, aimed at workforce development in the water utility sector [1] - The program combines classroom instruction, hands-on field training, and professional development, equipping graduates with OSHA 30 certification and technical elective college credits [1] - Since its launch in 2021, Water UP! has trained over 40 residents across multiple counties, with many securing positions in utilities and construction [1] Company Overview - New Jersey American Water is the largest regulated water utility in New Jersey, serving approximately 2.9 million people with safe, clean, reliable, and affordable water and wastewater services [1] Program Details - The Water UP! program includes immersive training at New Jersey American Water's Short Hills Operations Center, where participants engage in real-world scenarios related to utility mechanics and field services [1] - Graduates expressed increased confidence and understanding of the water industry, emphasizing the program's focus on community service and stewardship [1] Community Impact - Local leaders praised the program for its role in workforce development, highlighting the importance of skilled individuals in the water utility sector [1] - The program aims to strengthen public health and infrastructure while creating meaningful career opportunities for participants [1]
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
Core Viewpoint - American Water has selected United Way as its charity of choice for the NYSE's 2025 Global Giving Campaign, highlighting its commitment to community support and philanthropy [1]. Group 1: Company Initiatives - American Water, the largest regulated water and wastewater utility company in the U.S., has a history dating back to 1886 and serves over 14 million people across 14 states and 18 military installations [1]. - Over the past 10 years, American Water, its employees, and the American Water Charitable Foundation have contributed $3 million to United Way efforts nationwide [1]. Group 2: Community Engagement - American Water employees actively participate in fundraising campaigns and events to support United Way's mission, which aims to build thriving communities [1]. - The company is recognized on the Global Giving Campaign website and will be honored with a commemorative ornament during the 102nd Annual Tree Lighting at the NYSE [1].
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].