Core Insights - Select Water Solutions, Inc. reported revenue of $374.38 million for Q1 2025, marking a year-over-year increase of 2.1% and exceeding the Zacks Consensus Estimate by 3.67% [1] - The company achieved an EPS of $0.08, up from $0.04 a year ago, representing a surprise of 14.29% over the consensus estimate of $0.07 [1] Revenue Breakdown - Chemical Technologies revenue was $76.35 million, surpassing the average estimate of $71.09 million, reflecting a year-over-year increase of 2.2% [4] - Water Services revenue reached $225.65 million, slightly below the average estimate of $215.31 million, with a year-over-year decrease of 1.2% [4] - Water Infrastructure revenue was $72.39 million, underperforming the estimated $75.09 million, but showing a significant year-over-year increase of 14% [4] Profitability Metrics - Gross Profit before D&A for Water Services was $43.93 million, below the average estimate of $46.32 million [4] - Gross Profit before D&A for Chemical Technologies was $11.62 million, exceeding the estimated $10.34 million [4] - Gross Profit before D&A for Water Infrastructure was $38.90 million, slightly below the average estimate of $39.25 million [4] Stock Performance - Over the past month, Select Water Solutions, Inc. shares returned -0.2%, contrasting with the Zacks S&P 500 composite's increase of 11.5% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Aris Water Solutions, Inc. – Earnings Presentation First Quarter 2025 Cautionary Statements Forward-Looking Statements This presentation and the oral statements made in connection with this presentation contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, but are not limited to, statements, information, opinions or beliefs regarding ...

Core Viewpoint - Unitil Corporation has announced a definitive agreement to acquire Aquarion Water Company and its subsidiaries for $100 million, including the assumption of $30 million in debt, which is expected to enhance long-term earnings growth [1][2][3] Group 1: Transaction Details - The acquisition involves Aquarion Water Company of Massachusetts, Aquarion Water Company of New Hampshire, and Abenaki Water Co., Inc. [1] - The total purchase price is $100 million, which includes the assumption of approximately $30 million in debt [1] - The transaction is subject to customary closing conditions, including regulatory approvals from the Massachusetts Department of Public Utilities, New Hampshire Public Utilities Commission, and Maine Public Utilities Commission [1][2] Group 2: Operational Impact - The Aquarion Companies operate approximately 330 miles of water distribution mains, serving around 12,000 customers in Massachusetts and 11,000 customers in New Hampshire [2] - The estimated rate base for the Aquarion Companies is approximately $78 million as of December 31, 2024, and is forecasted to grow to $87 million by December 31, 2025 [2] - The acquisition is expected to be earnings accretive in the long term, supporting Unitil's projected earnings per share growth of 5% to 7% [2] Group 3: Strategic Rationale - The acquisition is viewed as a unique opportunity for Unitil to expand into a complementary regulated utility service in its current operational states [3] - Unitil aims to integrate the locally managed teams of the Aquarion Companies while maintaining high service quality for the communities served [3] Group 4: Financing and Advisory - Unitil has secured committed debt financing from Scotiabank to fund the acquisition [3] - Scotiabank and the law firm Dentons are advising Unitil on this transaction [3]

Core Points - Hawaii Water Service has received approval to increase annual revenue by $276,900 in its Ka'anapali system due to infrastructure upgrades and increased operating costs [1] - The last adjustment to base water rates for Ka'anapali was in 2016 [1] - The Hawaii Public Utilities Commission approved a new tiered structure for usage rates to encourage water conservation and support affordability for lower water-using customers, effective April 18, 2025 [2] Company Overview - Hawaii Water Service is a subsidiary of California Water Service Group, which provides regulated and non-regulated water and wastewater services to over 2.1 million people across multiple states [3] - California Water Service Group's common stock trades on the New York Stock Exchange under the symbol "CWT" [3] Infrastructure Investments - Significant investments in the Ka'anapali service area include upgrades to two storage tanks and reservoirs, installation of two additional generators for power outage reliability, and routine replacement of pumping equipment [5]

Core Points - Artesian Resources Corporation has approved a 2% increase in the quarterly dividend per share, raising the annualized dividend to $1.2296 per share [1][2] - The quarterly dividend rate is now $0.3074 per share, payable on May 27, 2025, to shareholders of record as of May 16, 2025 [1] - This marks the 130th consecutive dividend paid to shareholders, reflecting the company's commitment to returning value to investors [2] Company Overview - Artesian Resources Corporation operates as a holding company for wholly-owned subsidiaries that provide water and wastewater services on the Delmarva Peninsula [3] - The principal subsidiary, Artesian Water Company, is the oldest and largest regulated water utility in the region, supplying 9.5 billion gallons of water annually through 1,491 miles of water main to over a third of Delaware's population [3]

Financial Data and Key Metrics Changes - The company reported adjusted net income of $91.8 million or $2.28 per share for Q1 2025, compared to $63.8 million or $1.69 per share for the same period in 2024, reflecting strong results across all business segments [12][25][26] - The combined utility customer growth rate was 9.6% for the twelve months ended March 31, 2025, primarily driven by the acquisition of Sea Energy, which added approximately 73,000 gas meters in Texas [13][26] Business Line Data and Key Metrics Changes - The Northwest Natural Gas Utility segment saw net income increase by $21.5 million or $0.42 per share, with margin increasing by $38.7 million due to new rates effective November 1, 2024 [26] - Sea Energy contributed net income of $5.5 million or $0.14 per share for Q1 2025, meeting expectations for the quarter [27] - The Northwest Natural Water segment's net income increased by $2.4 million or $0.06 per share, driven by new rates and additional revenues from acquisitions [28] Market Data and Key Metrics Changes - The company expects to invest approximately $60 million in water utilities in 2025 to replace aging infrastructure and improve treatment facilities [21] - The company anticipates a quarterly profile for 2025 to be similar to previous years, with the majority of revenues generated in the first and fourth quarters during winter heating months [29] Company Strategy and Development Direction - The company is focused on expanding its customer base and enhancing service reliability through strategic acquisitions, such as the recent acquisition of Hughes Gas Resources for $60 million [18][19] - The company plans to refresh rates at multiple water utilities in 2025, primarily related to recovering critical infrastructure investments [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance, reaffirming annual adjusted earnings guidance in the range of $2.75 to $2.95 per share [29] - The company highlighted the importance of its gas distribution and storage infrastructure in the Pacific Northwest, emphasizing its role in providing reliable and cost-effective energy solutions [24] Other Important Information - The company has a liquidity of over $600 million as of March 31, 2025, with significant availability on lines of credit and cash on hand [32] - The company completed a $325 million junior subordinated debenture issuance to secure financing for the Sea Energy transaction [33] Q&A Session Summary Question: What is the outlook for water utilities in 2025? - Management indicated that the increase in Q1 results is largely driven by rate case activity from last year, with expectations for continued growth and earnings contribution from Northwest Natural Water [36][37] Question: Is the Hughes acquisition similar to Sea Energy in terms of customer base? - Management confirmed that the Hughes acquisition primarily consists of residential and commercial customers, similar to Sea Energy, and provides geographic overlap for operational synergies [39][40]

Financial Performance - The York Water Company reported first quarter operating revenues of $18,456,000, an increase of $828,000 compared to the same period in 2024 [2] - Net income for the first quarter was $3,638,000, a decrease of $689,000 from the previous year [2] - Basic and diluted earnings per share were $0.25, down $0.05 from $0.30 in the first quarter of 2024 [2][4] Revenue Drivers - The increase in revenues was primarily attributed to growth in the customer base and revenues from the Distribution System Improvement Charge (DSIC) [2] - The DSIC is a charge allowed by the Pennsylvania Public Utility Commission for the replacement of aging infrastructure [2] Cost Factors - The company experienced lower pension costs, but this was offset by a lower allowance for funds used during construction (AFUDC) and higher operation and maintenance expenses, depreciation, and interest on debt [2] - AFUDC represents the cost of debt and equity funds used to finance plant construction [2] Capital Investments - In the first three months of 2025, the company invested $9.3 million in capital projects, including main extensions and upgrades to the enterprise software system [3] - The company plans to invest an additional $36.7 million in 2025 for further main extensions, wastewater treatment plant construction, and routine improvements to infrastructure [3] Shareholder Returns - Dividends declared per common share increased to $0.2192 from $0.2108 in the previous year [4]

Core Viewpoint - SJW Group has rebranded itself as H2O America, reflecting its evolution into a national platform while maintaining a commitment to local communities [1][3][4] Company Overview - H2O America is a national investor-owned network of local water and wastewater utilities, emphasizing the delivery of clean, high-quality water [8][10] - The company serves over 1.6 million people through its regional utilities, including Connecticut Water, Maine Water, San Jose Water, and Texas Water [10] Rebranding Details - The new name and logo symbolize the company's mission to protect water as a precious resource, with "H2O" representing water's essential role and "America" indicating national reach [2][4][5] - The new Nasdaq ticker symbol is HTO, effective immediately, replacing the former symbol SJW [1][7] Leadership Insights - Eric W. Thornburg, the current CEO, highlighted the company's commitment to delivering high-quality water and exceptional service while creating long-term value for investors [3] - Andrew F. Walters, the CFO, will succeed Thornburg as CEO on July 1, 2025, emphasizing the importance of trust in providing drinking water [3] Future Direction - The rebranding is not just a name change but a reflection of the company's unified platform and commitment to local service [6] - H2O America plans to celebrate its new identity by ringing the Nasdaq Closing Bell on May 14, 2025 [7] Community Engagement - The company invests in critical infrastructure to strengthen water supply and remains actively engaged in local communities [9]

NEWARK, Del., May 05, 2025 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and a number of other related business services, today announced earnings results for the first quarter of 2025. First Quarter Results Net income for the three months ended March 31, 2025 was $5.4 million, a $1.0 million, or 23.2%, increase compared to net income recorded during the three months ended March 31, 2024. Diluted net income ...

Core Insights - Mueller Water Products, Inc. reported a solid performance in the second quarter of fiscal 2025, achieving record levels in consolidated net sales, adjusted EBITDA, and adjusted net income per share, driven by healthy order levels and resilient end-market demand [2][4][6] Financial Performance - Net sales increased by 3.1 percent to $364.3 million compared to $353.4 million in the prior year quarter, primarily due to higher pricing and increased volumes across most product lines [4][6] - Operating income rose by 10.1 percent to $69.9 million, with an operating margin of 19.2 percent, up from 18.0 percent in the prior year quarter [7][10] - Adjusted net income increased by 16.0 percent to $53.7 million, with adjusted net income per diluted share rising by 13.3 percent to $0.34 [10][11] - Adjusted EBITDA increased by 2.8 percent to $84.5 million, with an adjusted EBITDA margin of 23.2 percent [11][12] Segment Results - Water Flow Solutions segment net sales increased by 5.1 percent to $216.2 million, driven by higher volumes of iron gate and specialty valves [12][13] - Water Management Solutions segment net sales increased by 0.3 percent to $148.1 million, primarily due to increased volumes of repair products [15][16] Cash Flow and Balance Sheet - Net cash provided by operating activities for the six-month period increased by $6.2 million to $68.4 million compared to $62.2 million in the prior year period [20][22] - Free cash flow for the six-month period increased by $0.9 million to $47.3 million [22] - As of March 31, 2025, total debt outstanding was $450.5 million, with cash and cash equivalents of $329.2 million, resulting in a debt leverage ratio of 1.5 times [23] Fiscal 2025 Outlook - The company raised its guidance for fiscal 2025 consolidated net sales to between $1,390 million and $1,400 million, reflecting an increase of 5.7 percent to 6.5 percent compared to the prior year [24] - The company reaffirmed its expectations for fiscal 2025 adjusted EBITDA to be between $310 million and $315 million, an increase of 8.9 percent to 10.6 percent compared to the prior year [24][25]