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Earnings Preview: What To Expect From American Water Works’ Report
Yahoo Finance· 2025-10-10 06:52
Camden, New Jersey-based American Water Works Company, Inc. (AWK) provides water and wastewater services in the United States. Valued at $27.5 billion by market cap, the company operates approximately 80+ surface water treatment plants, 520+ groundwater treatment plants, and 190+ wastewater treatment plants. The utilities giant is set to announce its third-quarter results after the markets close on Wednesday, Oct. 29. Ahead of the event, analysts expect AWK to deliver a profit of $1.89 per share, up 5% fr ...
California Water Service Group Schedules 2025 Third-Quarter Earnings Results Announcement and Conference Call
Globenewswire· 2025-10-09 20:10
Core Points - California Water Service Group will release its third-quarter earnings results for 2025 on October 30, 2025, at 9:00 a.m. ET, followed by a conference call at 11:00 a.m. ET [1] - The conference call will be hosted by key executives including Chairman and CEO Martin A. Kropelnicki, CFO James P. Lynch, and VP Greg A. Milleman [2] - The company provides regulated and non-regulated water and wastewater services to over 2 million people across multiple states [3] Company Information - California Water Service Group operates as a utility holding company with subsidiaries in California, Hawaii, New Mexico, Texas, and Washington [3] - The company's common stock is traded on the New York Stock Exchange under the symbol "CWT" [3] - Additional information about the company can be found on its official website [3]
Pennsylvania American Water Asks Customers in 12 Counties to Reduce Nonessential Water Use During Drought Watch Declaration
Businesswire· 2025-10-09 19:20
Core Points - Pennsylvania American Water is urging customers to voluntarily reduce water consumption due to a drought watch declared by the Pennsylvania Department of Environmental Protection [1] - The company recommends a reduction of nonessential water use by 10-15% [1]
CGW: Sector ETF For Water Infrastructure Exposure (CGW)
Seeking Alpha· 2025-10-09 15:51
Core Viewpoint - The Invesco S&P Global Water Index ETF (CGW) is designed to provide investors exposure to companies involved in water-related technology and management, with a focus on large-cap constituents and a total asset under management of $1.01 billion [2][3]. Group 1: ETF Overview - CGW was launched on May 14, 2007, and is a passively managed sector ETF that tracks the S&P Global Water Index [3]. - The ETF has substantial liquidity, with an average daily trading volume of $1.91 million and a low bid/ask spread of 10 basis points [3]. - The S&P Global Water Index includes companies operating in water-related businesses, requiring a minimum market cap of $300 million and a float-adjusted market cap of $100 million [4]. Group 2: Geographic and Sector Exposure - The portfolio is geographically diversified, with approximately 60% in the US, 11.80% in the UK, 8.33% in Brazil, and 7.33% in Switzerland [5]. - Sector exposure is primarily in industrials (46.74%) and utilities (43.35%), making it a potential portfolio diversifier [7][9]. Group 3: Holdings and Performance - CGW utilizes a sampling method with 64 holdings, where the top 10 holdings account for 55% of the total portfolio weight [12]. - The ETF offers a distribution rate of $1.23 per share, yielding 1.91% on a trailing twelve-month basis, which is higher than the 1.08% yield of the S&P 500 [13]. - Compared to peer ETFs, CGW has a higher concentration in its top holdings, with the First Trust Water ETF (FIW) having a lower concentration at 40.88% for its top 10 holdings [16][18]. Group 4: Investment Strategy and Comparison - The water sector is experiencing secular growth trends, driven by increasing demand for water in various industries, making CGW suitable for both tactical positioning and long-term holding [15]. - CGW is one of the larger water sector ETFs, but FIW may offer a more optimal investment strategy due to its lower expense ratio and relative performance [16][18]. - CGW is best utilized as a satellite position within a diversified portfolio, providing differentiated exposure compared to broader market indices [23].
American Water's Unit Buys Water Assets of South Orange Village
ZACKS· 2025-10-09 15:51
Company Highlights - American Water Works Company's subsidiary, New Jersey American Water, has acquired the water system of South Orange Village for $19.7 million, adding 5,000 consumers to its customer base [1][10] - New Jersey American Water plans to invest $50 million in upgrades to the South Orange Village's water system over the next 10 years [1][10] - American Water has completed six acquisitions and has 20 pending deals that will add another 40,650 consumers to its customer base [4][10] Industry Overview - The U.S. water industry is highly fragmented, with over 50,000 community water systems and 14,000 wastewater treatment systems, many of which are struggling with aging infrastructure [2] - The American Society of Civil Engineers reports that water main breaks occur every two minutes, highlighting the deteriorating state of U.S. water infrastructure [3] - The Environmental Protection Agency estimates that $1.25 trillion will be needed over the next 20 years to maintain and expand water services [3] Strategic Acquisitions - California Water Service Group is actively pursuing strategic acquisitions to expand operations and upgrade assets for high-quality service [5][6] - Essential Utilities is also pursuing acquisitions, with agreements signed for additional water and wastewater systems in Pennsylvania, Texas, and Ohio, expected to serve over 200,000 equivalent retail customers [7][8]
X @Bloomberg
Bloomberg· 2025-10-09 06:32
Households in England may get slapped with another hike in water bills, though a smaller increase than previously expected https://t.co/VExtvxmQ7D ...
Conagua Recognizes Rotoplas as a Water-Responsible Company
Prnewswire· 2025-10-07 22:00
Core Insights - Grupo Rotoplas has been recognized as the first Water-Responsible Company in Mexico by the National Water Commission (Conagua) [1][2] - This recognition is part of the National Agreement on the Human Right to Water and Sustainability, which aims to enhance water efficiency and promote sustainable management solutions [2][3] - The company emphasizes its commitment to innovation, environmental responsibility, and creating shared value in the context of sustainable water security [3] Company Overview - Grupo Rotoplas is a leading provider of water solutions in the Americas, offering products and services for water storage, piping, treatment, and recycling [4] - The company has over 45 years of industry experience, operates 18 plants across 14 countries, and has a diverse portfolio with 27 product lines and an e-commerce platform [4] - Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker "AGUA" since December 10, 2014 [4]
New Jersey American Water Completes Acquisition of South Orange Village Water System
Businesswire· 2025-10-07 20:15
Core Insights - New Jersey American Water has completed the acquisition of South Orange Village's water system for $19.7 million, adding approximately 5,000 new customer connections [1][2] - The acquisition was approved by 62% of South Orange voters in a referendum held in November 2024, highlighting community support for the sale [2] - The company plans to invest $50 million in infrastructure improvements over the first 10 years of ownership, focusing on modernizing the system and enhancing service reliability [3][5] Company Strategy - The acquisition aligns with New Jersey American Water's commitment to providing safe, clean, reliable, and affordable water services, as well as improving operational efficiency [2][5] - The company aims to replace lead and galvanized service lines, upgrade aging water mains and fire hydrants, and rehabilitate key infrastructure components [3][4] - New Jersey American Water has a proven track record of infrastructure investment, having completed eight acquisitions in the last five years, which added over 26,000 new water and/or wastewater customers [5] Community Engagement - Residents of South Orange Village will receive information about the transition and can access customer service benefits, including an online account management portal [4] - The partnership is expected to deliver long-term benefits and peace of mind for the community, as emphasized by local officials [4]
American Water Named on Forbes America's Best Employers for Company Culture Inaugural List
Businesswire· 2025-10-07 14:38
Core Insights - American Water has been recognized on Forbes America's Best Employers for Company Culture 2025 list, highlighting its strong company culture as perceived by employees [1] Company Recognition - The ranking is based on an independent survey of employees, indicating a positive internal perception of the company's culture [1] - Lori Sutton, EVP and Chief Human Resources Officer of American Water, expressed honor in being included in this inaugural list [1]
Pentair to Release Third Quarter 2025 Earnings and Host Investor Conference Call on October 21
Businesswire· 2025-10-07 10:55
Core Viewpoint - Pentair plc will report its third quarter 2025 results on October 21, 2025, before the New York Stock Exchange opens [1] Group 1 - The company is recognized as a leader in sustainable water management solutions [1] - A conference call with investors is scheduled for 9:00 a.m. Eastern Time on the same day [1] - Related presentation materials will be available on the company's Investor Relations section of its website [1]