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Global Water Resources Applauds Inclusion of State Route 347 Improvements in ADOT’s $11.6 Billion Five-Year Plan
Globenewswire· 2025-06-30 13:00
Core Insights - Global Water Resources, Inc. supports Arizona's $11.6 billion Five-Year Transportation Facilities Construction Program, which includes over $249 million for improvements on State Route 347 [1][2] - The SR 347 projects aim to enhance regional infrastructure, improve safety, and support growth in Maricopa, accommodating over 58,000 vehicles daily [2][4] - The expansion will add one lane in each direction over a 13-mile stretch, eliminate traffic signals, and upgrade intersections and bridges, with construction expected to start in fiscal year 2026 [3][4] Company Strategy and Growth - The infrastructure investment aligns with Global Water's strategy for organic growth in water and wastewater services, driven by increased demand from residential and commercial development in Maricopa [4][5] - Maricopa's population is projected to grow nearly 90% by 2040, reaching approximately 140,000, indicating a strong growth outlook for the company [4][5] Company Overview - Global Water Resources operates 32 systems providing water, wastewater, and recycled water services, primarily in growth corridors around Phoenix and Tucson [6] - The company recycles over 1 billion gallons of water annually, totaling 18.1 billion gallons since 2004, showcasing its commitment to sustainable water management [6][7] - Recognized for its Total Water Management approach, the company integrates water cycle management to maximize recycled water use and promote conservation [7][8]
Got $1,000 to Invest? Here Are 3 Low-Risk Dividend Stocks to Buy Right Now.
The Motley Fool· 2025-06-29 14:06
Core Viewpoint - Dividend-paying stocks are generally considered lower-risk investments compared to non-payers, as they generate sufficient cash to fund growth and return excess to shareholders through dividends [1] Group 1: Black Hills (BKH) - Black Hills operates as a regulated utility with a monopoly on natural gas distribution and electricity in several states, benefiting from government regulation [5][6] - The company has a growing customer base, expanding at twice the rate of the U.S. population, and has a history of increasing dividends for over five decades, achieving Dividend King status [7] - Expected earnings growth of 4% to 6% and a dividend yield of 4.8% make Black Hills an attractive investment opportunity [8] Group 2: Kinder Morgan (KMI) - Kinder Morgan is one of the largest energy infrastructure platforms in the U.S., with stable cash flows supported by take-or-pay contracts that account for 64% of annual cash flows [9][10] - The company anticipates cash flow growth to $5.9 billion this year, sufficient to cover its $2.6 billion dividend outlay and fund capital expenditures with excess free cash flow [11][12] - With $8.8 billion in growth capital projects, primarily in natural gas pipelines, Kinder Morgan has a strong foundation for future dividend increases, having raised its payout for eight consecutive years [13] Group 3: American States Water (AWR) - American States Water is a major water utility serving 1 million consumers across nine states, with a long history of dividend payments since 1931 and 70 consecutive years of increases, making it a top Dividend King [15] - The company has achieved a compound annual growth rate (CAGR) of 8.8% in dividend growth over the past five years and aims for over 7% in the long term, supported by planned capital expenditures [16] - The stable cash flows and growth potential position American States Water as one of the safest and most reliable dividend stocks available, with a current yield of 2.4% [17]
American Water Works pany(AWK) - 2014 Q4 - Earnings Call Presentation
2025-06-26 12:45
NYSE: AWK 2014 Year-end Earnings Conference Call February 25, 2015 NYSE: AWK Ed Vallejo Vice President of Investor Relations Cautionary Statement Concerning Forward-Looking Statements Certain statements in this presentation including, without limitation, timing of the Orlando home warranty protection program launch, 2015 earnings guidance and estimated revenues from rate cases and other government agency authorizations, are forward-looking statements within the meaning of the safe harbor provisions of the P ...
American Water Works pany(AWK) - 2015 Q4 - Earnings Call Presentation
2025-06-26 12:43
2015 Fourth Quarter Earnings Conference Call February 25, 2016 1 Greg Panagos Vice President of Investor Relations 2 Susan Story President and Chief Executive Officer Walter Lynch Chief Operating Officer Forward-Looking Statements Certain statements in this presentation including, without limitation, 2015 earnings guidance, the outcome of pending acquisition activity, the amount of future capital investments, and estimated revenues from rate cases and other government agency authorizations, are forward-look ...
American Water Works pany(AWK) - 2016 Q4 - Earnings Call Presentation
2025-06-26 12:37
2016 Fourth Quarter Earnings Conference Call February 22, 2017 1 Forward-Looking Statements Ed Vallejo Vice President Financial Planning and Investor Relations February 2017 NYSE: AWK www.amwater.com 2 Forward-Looking Statements and Other Information Certain statements in this presentation including, without limitation, 2017 earnings guidance, future earnings growth, the outcome of pending acquisition activity, the amount of future capital investments, adjusted O&M efficiency ratio targets, and estimated ou ...
American Water Works pany(AWK) - 2017 Q4 - Earnings Call Presentation
2025-06-26 12:36
2017 Fourth Quarter and Year-End Earnings Conference Call NYSE: AWK NYSE: AWK Forward-Looking Statements Ed Vallejo Vice President, Investor Relations NYSE: AWK NYSE: AWK www.amwater.com 2 Forward-Looking Statements Certain statements in this presentation including, without limitation, 2018 earnings guidance, projected long-term earnings and dividend growth, our projected operation & maintenance efficiency ratio, the outcome of pending acquisition activity and estimated revenues from rate cases and other go ...
California Water Boosts Wastewater Operations Through Silverwood Deal
ZACKS· 2025-06-25 13:21
Core Viewpoint - California Water Service Group's subsidiary, California Water Service, has entered into an agreement to own and operate the wastewater and recycled water systems of the Silverwood community in San Bernardino County, CA, aligning with its strategy to diversify water sources and enhance sustainability [1][2]. Agreement Details - Cal Water will serve approximately 500 wastewater connections currently supplied by the City of Hesperia after the completion of Silverwood's wastewater treatment plant, which is expected to have over 15,000 customer connections upon full development [3]. - The ownership transfer will occur in phases as systems are completed, contingent upon satisfying closing conditions, and will be reorganized as a Cal Water district under the California Public Utilities Commission's supervision [4]. Service Reliability and Expansion - California Water is focused on expanding operations in the western United States through acquisitions, exploring new opportunities in both regulated and non-regulated water and wastewater activities [5]. - The company plans to invest $660 million in capital expenditures in 2025 and a total of $2.06 billion from 2025 to 2027 to upgrade infrastructure and improve service quality [7]. Industry Significance - The U.S. has nearly 50,000 community water systems and 14,000 wastewater treatment systems, which are vital for public health and environmental sustainability [8]. - There is a growing trend of U.S. water utility companies acquiring wastewater systems to address funding and management challenges faced by municipalities, bringing in necessary capital and expertise for upgrades [9]. Competitor Activities - Other companies, such as American Water Works, Middlesex Water Company, and Essential Utilities, are also pursuing wastewater acquisitions as part of their growth strategies, indicating a broader industry trend towards consolidation and expansion in wastewater services [11][12][13]. Stock Performance - Over the past three months, California Water's shares have increased by 0.5%, compared to a 4.3% growth in the industry [14].
H2O America Appoints Megan Mattern as Chief Accounting Officer
Globenewswire· 2025-06-25 13:00
Core Viewpoint - H2O America has appointed Megan Mattern as Chief Accounting Officer, Principal Accounting Officer, and Controller, effective July 28, 2025, during a period of leadership transition and growth for the company [1][5]. Group 1: Leadership Transition - Eric W. Thornburg, the current Chair, President, and CEO, will retire on June 30, 2025, with Andrew F. Walters, the Chief Financial Officer and Treasurer, set to become the new CEO [2][5]. - Ann P. Kelly, the current Chief Accounting Officer, will assume the role of CFO effective July 1, 2025 [5]. Group 2: Megan Mattern's Background - Megan Mattern brings over 20 years of experience in complex, regulated environments, particularly in global energy, utilities, and infrastructure [2]. - She previously served as Vice President and CFO of UGI International, a $2.3 billion multinational LPG distributor, where she led financial strategy across 16 countries and achieved over 15% EBIT growth [2][3]. - Mattern has held senior financial leadership roles at UGI Energy Services, UGI Utilities, and PPL Corporation, focusing on M&A, systems modernization, and financial transformation [3]. Group 3: Company Overview - H2O America is a national investor-owned network of local water and wastewater utilities, committed to delivering clean, high-quality water to communities [7]. - The company operates approximately 407,000 water and wastewater service connections and focuses on investing in critical infrastructure for sustainable water supply [8]. - H2O America serves over 1.6 million people through its regional utilities, including Connecticut Water, Maine Water, San Jose Water, and Texas Water [9].
Itron Celebrates Shipment of 2 Millionth Cyble™ 5 Communication Module
Globenewswire· 2025-06-25 12:45
Core Insights - Itron, Inc. has shipped over 2 million Cyble 5 communication modules, with Metz Eurométropole Water Utility receiving the milestone module, supporting its transition to advanced metering infrastructure (AMI) [1][2] - The Cyble 5 module enables real-time monitoring and advanced analytics, allowing water providers to make data-driven decisions for optimized operations and improved service delivery [2][3] - Metz Eurométropole Water Utility serves over 47,000 people and utilizes the Cyble 5 module to enhance leak prevention, resource allocation, and billing accuracy since its deployment began in 2022 [3] Company and Product Features - The Cyble 5 module connects to Metz Eurométropole's LoRaWAN AMI network, facilitating two-way communication and extensive data sets [3] - The module's durable design is IP68-rated, ensuring protection against harsh environments, which helps lower maintenance and meter replacement costs [6] - It offers interoperability with open standards, allowing seamless integration with AMR, AMI, and IoT networks [6] Strategic Importance - The deployment of the Cyble 5 module is seen as a strategic investment for Metz Eurométropole, enabling the utility to achieve its water management goals [2][4] - The improved data management capabilities allow for better targeting of investments, enabling reinvestment of savings into expanding smart water solutions [4] - Itron emphasizes the critical need for smarter operations in light of rising water demand, climate disruption, and urbanization [4]
Cadiz to Participate in the 15th Annual ROTH London Conference
Prnewswire· 2025-06-24 13:15
LOS ANGELES, June 24, 2025 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, announced today that the Company will participate in the 15th Annual ROTH London Conference being held at the Four Seasons Hotel London at Park Lane in London, UK on June 25-26, 2025.Cadiz's Chairman and CEO Susan Kennedy will be participating in one-on-one meetings throughout the conference with institutional investors. To inquire about the conference, please contact ...