Core Insights - Mueller Water Products, Inc. reported a 6.6% increase in net sales to $380.3 million for the third quarter of fiscal 2025, compared to $356.7 million in the same quarter of the previous year [4][6] - The company achieved a net income of $52.5 million, up 11.0% from $47.3 million in the prior year quarter, with a net income margin improvement to 13.8% from 13.3% [11][41] - Adjusted EBITDA increased by 1.4% to $86.4 million, with an adjusted EBITDA margin of 22.7%, down from 23.9% in the prior year [12][41] - The company raised its annual guidance for fiscal 2025 net sales to between $1,405 million and $1,415 million, reflecting an increase of 6.9% to 7.6% compared to the previous year [25] Financial Performance - Gross profit for the third quarter increased by 10.9% to $145.7 million, with a gross margin of 38.3%, up from 36.8% in the prior year [7][41] - Operating income rose by 10.0% to $73.7 million, with an operating margin of 19.4%, compared to 18.8% in the prior year [9][41] - Selling, general and administrative expenses increased by 15.4% to $71.0 million, primarily due to unfavorable foreign currency impacts and inflationary pressures [8][41] Segment Results - Water Flow Solutions segment net sales increased by 4.1% to $216.6 million, driven by higher volumes of iron gate and specialty valves [13][45] - Water Management Solutions segment net sales rose by 10.2% to $163.7 million, primarily due to increased volumes of repair products and hydrants [16][45] Cash Flow and Balance Sheet - Net cash provided by operating activities for the nine-month period was $135.8 million, down from $149.5 million in the prior year [21][43] - Free cash flow for the nine-month period was $103.0 million, a decrease from $121.5 million in the previous year [23][43] - As of June 30, 2025, total debt outstanding was $450.8 million, with cash and cash equivalents of $372.0 million, resulting in a debt leverage ratio of 1.5 times [24][45] Outlook - The company expects adjusted EBITDA for fiscal 2025 to be between $318 million and $322 million, reflecting an increase of 11.7% to 13.1% compared to the prior year [25][26] - Total SG&A expenses are projected to be between $245 million and $247 million for fiscal 2025 [26]

Core Viewpoint - Artesian Resources Corporation has declared a quarterly dividend of $0.3074 per share, marking its 131st consecutive quarterly dividend payment to shareholders [1]. Group 1: Dividend Announcement - The quarterly dividend is payable on August 25, 2025, to shareholders of record as of August 15, 2025 [1]. - The annualized dividend amounts to $1.2296 per share [1]. Group 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 [2]. - Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula, providing water service since 1905 [2]. - The company supplies 9.5 billion gallons of water annually through 1,491 miles of water main to over a third of Delaware's population [2].

Core Points - Consolidated Water Co. Ltd. will hold a conference call on August 12, 2025, at 11:00 a.m. Eastern time to discuss its Q2 2025 results [1][2] - A press release with financial results will be issued prior to the call [2] - The company is involved in designing, building, and operating advanced water supply and treatment plants, including seawater desalination facilities [3][4] Company Overview - Consolidated Water Co. Ltd. operates in the water supply and treatment industry, focusing on seawater desalination and water treatment facilities in various regions including the Cayman Islands, The Bahamas, and the British Virgin Islands [3] - The company is currently engaged in a $204 million project for a seawater desalination plant in Hawaii [3] - It also provides a range of services related to commercial and municipal water production, supply, and treatment, as well as industrial water and wastewater treatment [4]

Financial Data and Key Metrics Changes - The company reported GAAP earnings per share of $0.38, a 35% increase compared to the same quarter last year [6] - Revenues increased by 18.5% year-over-year, rising from $434.4 million to $514.9 million [26] - Net income for the gas business was $17.5 million for the quarter [7] - The company expects GAAP earnings per share to exceed the guidance range of $2.07 to $2.11 for the year [7] Business Line Data and Key Metrics Changes - The gas business showed strong performance with significant revenue growth attributed to favorable rate case outcomes and increased gas volume [26] - The water business is expected to see annual rate base growth of 6% through 2029, not including acquisitions [18] - O&M expenses increased by 4.2% year-over-year, driven by higher employee-related costs and bad debt expenses [29] Market Data and Key Metrics Changes - The company is experiencing a wet summer, which has decreased water consumption in several states [28] - The Texas market has seen a 16% population increase and a corresponding 30% GDP growth, contributing to the company's growth in that region [23] Company Strategy and Development Direction - The company is reaffirming its capital investment plans with a target of approximately $1.4 billion in infrastructure investment for 2025 [7] - The focus remains on growing the water and wastewater business through acquisitions, with recent purchases totaling approximately $58 million for systems serving about 10,300 customers [34] - The company aims to maintain a strong balance sheet and improve cash flow while delivering consistent dividend growth [36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong growth potential in both water and gas platforms [36] - The company is committed to addressing PFAS issues and sees regulatory changes as potential growth opportunities [22][76] - Management noted that the engagement with regulatory bodies has been positive, indicating a constructive relationship moving forward [55] Other Important Information - The Board of Directors approved a 5.25% increase in the dividend, continuing a 30-year tradition of dividend growth [12] - The company has been recognized for its community engagement efforts, being named one of Greater Philadelphia's most community-minded businesses [14] Q&A Session Summary Question: Insights on quarterly earnings guidance - Management indicated that GAAP earnings are expected to exceed the guidance range due to strong revenue in gas and favorable tax items [41][44] Question: Cash flow trends and PFAS settlements - The company expects to receive approximately $45 million in PFAS proceeds this year, with $7.1 million already received [49] Question: Regulatory environment in Pennsylvania - Management noted a positive engagement with the new consumer advocate and expressed hope for constructive relationships with all advocates [55][56] Question: Fair market value in acquisitions - Management stated they might consider paying above the reasonable review ratio if significant rate base growth is anticipated [59] Question: Tax rate modeling - Management suggested a low single-digit benefit for 2025 and a low single-digit expense for 2026, indicating a crossover in tax impacts [62]

Financial Data and Key Metrics Changes - The company reported GAAP earnings per share of $0.38, a 35% increase compared to the same quarter last year [4] - Net income for the gas business was $17,500,000, contributing to strong overall performance [5] - Revenues increased by 18.5% year-over-year, rising from $434,400,000 to $514,900,000 [24][25] - Earnings per share increased by 35.7% year-over-year, driven by favorable rate case outcomes and increased gas volume [24] Business Line Data and Key Metrics Changes - The water business is expected to see annual rate base growth of 6% through 2029, not including acquisitions [15] - The gas business experienced strong revenue growth due to higher gas usage and favorable rate outcomes [24] - The water business contributed $2,100,000 to revenue growth, although lower water volumes offset some gains [25] Market Data and Key Metrics Changes - The company serves over a million customers with a rate base exceeding $7,000,000,000 across eight states [15] - In Texas, the company has grown by nearly 25,000 connections over the last ten years, with another 90,000 under contract or negotiation [21] Company Strategy and Development Direction - The company is reaffirming its capital investment plans with a target of approximately $1,400,000,000 in infrastructure investment for 2025 [5] - The focus remains on growing the water and wastewater business through acquisitions, with recent purchases totaling approximately $58,000,000 [32] - The company aims to maintain a strong balance sheet and deliver consistent dividend growth while keeping the payout ratio between 60-65% [34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth opportunities, particularly in Pennsylvania due to low energy costs attracting hyperscalers [7][70] - The company is committed to addressing PFAS regulations and sees potential for acquisition growth as municipalities begin to comply with new standards [20][74] - Management expects GAAP earnings per share to exceed the guidance range of $2.07 to $2.11, driven by strong performance and non-recurring benefits [5][46] Other Important Information - The Board of Directors approved a 5.25% increase in the dividend, continuing a 30-year tradition of dividend growth [10] - The company has been recognized for its community engagement efforts, being named one of Greater Philadelphia's most community-minded businesses [12] Q&A Session Summary Question: Clarification on quarterly earnings guidance - Management confirmed that GAAP earnings are expected to be above the guidance range due to strong revenue and some positive tax items [41][46] Question: Trends in cash flow and PFAS settlements - Management indicated a target for funds from operations (FFO) to be above 12% and expects to receive approximately $45,000,000 in PFAS proceeds this year [48][49] Question: Insights on Pennsylvania's regulatory environment - Management noted a positive engagement with the new consumer advocate and expressed hope for constructive relationships with all advocates [54][55] Question: Fair market value and acquisition strategy - Management stated they might consider paying above the reasonable review ratio if significant rate base growth is anticipated [58] Question: Tax rate modeling for future years - Management advised to expect a low single-digit benefit for 2025 and a low single-digit expense for 2026 [61]

NYSE LISTED WTRG Second Quarter 2025 August 1st, 2025 February 2024 Brian Dingerdissen Vice President Treasury, FP&A and Investor Relations 2 Forward Looking Statement This presentation contains in addition to historical information, forward looking statements based on assumptions made by management regarding future circumstances over which the company may have little or no control, that involve risks, uncertainties and other factors that may cause actual results to be materially different from any future r ...

Core Insights - Essential Utilities Inc. (WTRG) reported second-quarter 2025 operating earnings per share (EPS) of 38 cents, exceeding the Zacks Consensus Estimate of 29 cents by 31% and reflecting a year-over-year increase of 35.7% [1][7] - Total operating revenues reached $515 million, surpassing the Zacks Consensus Estimate of $473 million by 8.8% and showing an 18.7% increase year over year, driven by higher rates and purchased gas costs [2][7] Revenue Breakdown - The regulated water segment generated revenues of $332.3 million, a 9.9% increase from $302.5 million in the second quarter of 2024, primarily due to higher water and wastewater rates [3] - The regulated natural gas segment reported revenues of $177.3 million, a significant 38.3% increase from $128.2 million in the same quarter last year, driven by higher purchased gas costs and increased rates and surcharges [4] Expense and Investment Highlights - Operation and maintenance expenses were $148.5 million, up 4.2% from $142.5 million in the prior year [5] - Operating income totaled $185.3 million, reflecting a 27.5% year-over-year increase [5] - The company invested $613 million in the first half of 2025 to upgrade its regulated water and natural gas infrastructure [5] Strategic Acquisitions and Future Guidance - Essential Utilities acquired systems serving nearly 10,300 customers for approximately $58 million in 2025, with new water and gas rate approvals expected to increase annual revenues by $92.6 million and $8.2 million, respectively [6] - The company reaffirmed its 2025 EPS guidance in the range of $2.07-$2.11, with a long-term annual earnings growth forecast of 5% to 7% through 2027 [9] - Planned investments for infrastructure in 2025 are projected to be between $1.4 billion and $1.5 billion, with a total of $7.8 billion planned from 2025 to 2029 [10]

Core Viewpoint - Middlesex Water Company reported positive financial results for the second quarter of 2025, highlighting growth in net income and operating revenues, driven by rate increases and customer growth despite challenges from unfavorable weather conditions [3][4][6]. Financial Results - For the second quarter ended June 30, 2025, net income was $10.8 million, with diluted EPS of $0.60, an increase from $10.5 million and $0.59 in the same quarter of 2024 [3]. - Operating revenues for the quarter were $49.3 million, up from $49.1 million year-over-year, attributed to rate increases and customer growth [4]. - Operating expenses increased to $35.4 million from $33.8 million, primarily due to higher variable production costs and increased labor costs [5]. Year-to-Date Performance - Year-to-date net income for the first half of 2025 was $20.3 million, a decrease from $21.3 million in the same period of 2024, with diluted EPS of $1.13 compared to $1.18 [6]. - Operating revenues for the first half of 2025 reached $93.6 million, an increase of approximately $4.0 million over the same period in 2024 [7]. - Operating expenses for the first half of 2025 rose by $3.7 million compared to the previous year, driven by weather-related costs and a one-time recovery in 2024 [8]. Growth Initiatives - The company invested approximately $51 million in water and wastewater utility infrastructure during the first half of 2025, representing about 55% of its planned annual investment of $93 million [9]. - The Delaware Public Service Commission approved a settlement agreement that will increase annual operating revenues by $5.5 million, effective July 3, 2025 [11]. Dividend Declaration - On July 23, 2025, the Board of Directors declared a cash dividend of $0.34 per common share, continuing a history of dividend payments since 1912 [13].

Core Insights - American Water Works Company (AWK) reported second-quarter 2025 operating earnings per share (EPS) of $1.48, slightly below the Zacks Consensus Estimate of $1.49, but up 4.2% from $1.42 in the same quarter last year [1][7] - Total revenues for the quarter reached $1.27 billion, exceeding the Zacks Consensus Estimate of $1.15 billion by 10.6% and representing an 11% increase from $1.14 billion year-over-year [2][7] Revenue and Segment Performance - Regulated businesses generated net revenues of $1.17 billion, reflecting an 11.4% year-over-year increase, while other segments contributed $92 million, up 6.5% year-over-year [3] - Total operating expenses increased to $787 million, a 12.4% rise from $700 million in the previous year, primarily due to higher operating and maintenance costs [3] Growth and Acquisitions - AWK expanded its customer base by adding 7,600 customers through seven completed acquisitions as of June 30, 2025, with 20 additional pending acquisitions expected to add 40,650 customers [4] - New rates implemented on January 1, 2025, are projected to increase revenues by $270 million for the full year, with pending rate cases potentially adding another $126 million if approved [4] Financial Position - As of June 30, 2025, cash and cash equivalents stood at $94 million, with total liquidity of $1.17 billion, sufficient to meet near-term obligations [5] - Total long-term debt decreased to $12.28 billion, down 1.9% from $12.51 billion at the end of 2024 [5] Cash Flow and Investment - Cash flow from operating activities for the first half of 2025 was $632 million, compared to $727 million in the same period last year, with $1.3 billion invested to strengthen operations [6] Guidance and Long-Term Outlook - AWK narrowed its 2025 EPS guidance to a range of $5.70-$5.75, with the Zacks Consensus Estimate at $5.71, slightly below the midpoint of the guidance [7] - The company reaffirmed its long-term earnings and dividend growth target of 7-9% and plans to invest nearly $3.3 billion in 2025, with capital expenditures projected at $17-$18 billion for 2025-2029 and $40-$42 billion for 2025-2034 [8]

Core Insights - California Water Service Group (CWT) reported second-quarter 2025 adjusted earnings of 71 cents per share, exceeding the Zacks Consensus Estimate of 46 cents by 54.3% and increasing 1.4% from the previous year's 70 cents [1][9] CWT's Total Revenues - CWT's operating revenues reached $265 million, surpassing the Zacks Consensus Estimate of $226 million by 17.3% and showing an 8.5% increase from $244.3 million in the prior-year quarter [2][9] CWT's Operational Update - Total operating expenses were $213.1 million, up 8.7% from $196.1 million in the year-ago quarter - Water production costs rose by $7.9 million due to increased wholesale water rates and customer usage - Maintenance expenses increased by 2.9% year over year to $9 million - Net operating income was $51.8 million, compared to $48.2 million in the previous year [3][9] CWT's Financial Update - As of June 30, 2025, CWT had cash and cash equivalents of $50.5 million, slightly up from $50.1 million as of December 31, 2024 - Net long-term debt stood at $1,104 million, a slight decrease from $1,104.6 million as of December 31, 2024 [5] CWT's Zacks Rank - California Water currently holds a Zacks Rank 3 (Hold) [6] Upcoming Releases - American States Water (AWR) is expected to report second-quarter 2025 results on August 6, with a consensus estimate for earnings at 92 cents per share, indicating a year-over-year increase of 8.2% [7] - Consolidated Water Co. Ltd (CWCO) is also set to report second-quarter 2025 results soon, with a consensus estimate for earnings at 20 cents per share [8]