Core Insights - Illinois American Water has launched the 2026 Water and Environment Grant Program through the American Water Charitable Foundation, inviting community partners to apply for grants focused on clean water, conservation, environmental education, climate variability, and water-based recreation projects [1] Grant Program Details - The 2026 grant program aims to support initiatives that promote water safety and environmental education, with applications accepted until March 6, 2026 [1] - In 2025, the American Water Charitable Foundation awarded $1.7 million to 80 organizations across 12 states, including 11 organizations in Illinois [1] Impact of Previous Grants - The Gateway Region YMCA received funding in 2025 to provide water safety lessons to 75 youth, addressing drowning as the second leading cause of accidental death in children under 14 [1] - Other Illinois-based organizations supported include the University of Illinois for lake level data collection, Sinai Family Life Center for community gardening, and Peoria Park District for river cleanup initiatives [1] Foundation's Commitment - Since 2012, the American Water Charitable Foundation has invested over $25 million in grants and matching gifts to benefit communities served by American Water [1] - The Foundation focuses on three pillars: Water, People, and Communities, aiming to enhance water education and conservation efforts [1]

Financial Data and Key Metrics Changes - The company reported record revenue, EBITDA, and earnings per share for both Q4 and the full year 2025, with revenue growth of 4% in Q4 and 5% for the full year [8][9] - Full-year EBITDA margin expanded by 160 basis points to 22.2%, with quarterly EBITDA margin at 23.2%, up 220 basis points year-over-year [9] - The company achieved a record quarterly EPS of $1.42, representing a 20% increase over the prior year [9] Business Line Data and Key Metrics Changes - Measurement and Control Solutions (MCS) saw orders up 22% in Q4, driven by smart metering demand, with revenue up 10% [10] - Water Infrastructure orders were down 1% in Q4, with revenue flat due to strong demand in the U.S. offset by a nearly 30% decline in China [10] - Applied Water orders increased by 5%, with revenues up 3%, primarily driven by strength in U.S. commercial buildings [11] - Water Solutions and Services (WSS) reported a 7% increase in orders and 4% revenue growth, with an EBITDA margin of 23.9%, up 110 basis points year-over-year [11] Market Data and Key Metrics Changes - The backlog finished at $4.6 billion, with a book-to-bill ratio near 1 for both the quarter and the full year [8] - The company anticipates resilient demand in its largest end markets, despite short-term headwinds from strategic walkaways from lower-quality revenue [6][12] Company Strategy and Development Direction - The company is entering phase two of its transformation, focusing on strengthening its growth engine through sales force effectiveness, product management, and innovation [5][6] - Phase three will involve investing in long-term competitiveness and expanding into attractive future water markets [6] - The company is committed to simplifying its product offerings and enhancing customer focus, which may create short-term top-line headwinds but aims to drive higher-quality earnings [6][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in resilient demand and strong backlog conversion, expecting to build on commercial and operational momentum in 2026 [6][17] - The company is monitoring broader market conditions, including tariffs, but maintains a positive outlook for the year [17] - Management highlighted the importance of water as a foundational element for economic growth and the need for innovative solutions in the water sector [18][19] Other Important Information - The company plans to close the divestiture of its international metering business by the end of Q1 2026, with an EPS impact of $0.02-$0.03 [72] - The company is targeting around $1 billion a year for capital deployment towards M&A, focusing on small to medium bolt-on acquisitions [41] Q&A Session Summary Question: Can you provide a two-year progress report on margin improvement and portfolio optimization? - Management acknowledged significant progress in operational model transformation and integration of Evoqua, with early delivery of synergies [26][28] Question: Why is the 80/20 walk-away revenue increasing into the second year? - Management explained that the 80/20 approach is becoming integral to operations, focusing on resource allocation and optimizing overhead to support long-term growth [32][33] Question: When will the 80/20 actions transition from a headwind to a tailwind? - Management indicated that 2026 is an inflection point, with expectations for improved sales force effectiveness and customer focus [40] Question: What is the outlook for the backlog and project hesitancy? - Management noted that the backlog is healthy but acknowledged project delays due to various factors, including inflation and project scope changes [50][68] Question: What are the expectations for smart meters and project delays? - Management remains confident in MCS achieving high single-digit growth long-term, attributing near-term challenges to project timing and backlog normalization [58] Question: What is the impact of divestitures on EPS? - The divestiture of the international metering business is expected to have a small EPS impact of $0.02-$0.03 for the year [72]

2025 Fourth Quarter Results and Earnings February 10, 2026 Forward-looking and other statements in this presentation regarding our environmental and other sustainability efforts, plans and goals are not an indication that these statements are necessarily material to investors, to our business, operating results, financial condition, outlook, or strategy, to our impacts on sustainability matters or other parties, or are required to be disclosed in our filings with the SEC or other regulatory authorities, and ...

Core Insights - Unitil Corporation reported a GAAP Net Income of $50.2 million, or $2.97 in Earnings Per Share (EPS), for the year ended December 31, 2025, reflecting an increase of $3.1 million in Net Income and $0.04 in EPS compared to 2024 [1][10] - The company's Adjusted Net Income was $53.3 million, or $3.16 in EPS, representing an increase of $5.5 million and $0.19 in EPS compared to 2024, excluding costs related to recent acquisitions [1][18] - The financial performance was driven by higher rates and continued customer growth, with a reaffirmation of long-term EPS growth of 5% to 7% [2][11] Financial Performance - Electric GAAP Gross Margin was $82.7 million in 2025, an increase of $4.7 million compared to 2024, driven by higher rates and customer growth [2][5] - Gas GAAP Gross Margin reached $142.3 million in 2025, an increase of $22.2 million compared to 2024, primarily due to higher rates and customer growth [5][6] - Total Operating Revenue for 2025 was $536.0 million, with Electric Revenues at $236.4 million and Gas Revenues at $299.6 million [25][29] Cost and Expenses - Operation and Maintenance (O&M) expenses increased by $14.9 million in 2025, reflecting higher utility operating costs, labor costs, and acquisition costs [7][30] - Depreciation and Amortization expenses rose by $12.6 million in 2025, influenced by higher depreciation rates and additional depreciation from increased utility plant in service [8][30] - Interest Expense, Net increased by $7.4 million in 2025, primarily due to higher interest on increased debt from acquisitions [9][30] Customer Metrics - Total Electric kWh Sales decreased by 0.6% to 1,574.4 million kWh in 2025, with residential sales increasing by 4.1% while commercial/industrial sales decreased by 4.0% [29] - Total Gas Therm Sales increased by 26.6% to 278.5 million therms, with residential sales up by 34.0% and commercial/industrial sales up by 24.8% [29] Dividends - The annual common dividend for 2025 was $1.80 per share, with a subsequent increase to $1.90 per share declared in January 2026 [11][30]

Core Viewpoint - American Water is actively participating in the 2026 NARUC Winter Policy Summit to discuss critical issues related to water and wastewater services, emphasizing its commitment to providing safe, clean, reliable, and affordable services to its customers [1][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 [4]. - The company has a history dating back to 1886 and employs 6,700 professionals to ensure excellent outcomes for customers, employees, investors, and stakeholders [4]. Participation in NARUC Summit - The Winter Policy Summit gathers regulators, utilities, and industry leaders to discuss infrastructure needs, water quality, and workforce development [3]. - Key presentations from American Water include discussions on resilience in service provision during crises and the impact of artificial intelligence on the water sector [5]. Focus Areas - American Water is focused on system resiliency, customer satisfaction, and advanced leak detection technologies to enhance service reliability [2][3]. - The company aims to advance innovative, customer-focused solutions through engagement with regulators and stakeholders [3].

Core Viewpoint - Essential Utilities (NYSE: WTRG) is set to report its earnings for the full year 2025 on February 25, 2026, after market close [1] Group 1 - The company's conference call with financial analysts is scheduled for February 26, 2026, at 11 a.m. Eastern Time [1] - The conference call and presentation will be available for live streaming on the company's website [1] - An archive of the conference call will be accessible in the Investor Relations section [1]

Core Insights - Nathan Jones from Stifel Nicolaus set a price target of $118 for Veralto Corp (NYSE: VLTO), indicating a potential increase of about 30.6% from the current stock price of $90.35 [1][6] Financial Performance - In 2025, Veralto reported a 6% increase in total sales, reaching $5.5 billion, with core sales growth at 4.7% [2][6] - The company achieved double-digit growth in adjusted earnings per share and generated over $1 billion in free cash flow, highlighting its solid financial standing [2] Strategic Initiatives - Veralto has implemented a $750 million share repurchase program and an 18% dividend increase to strengthen its financial position [3][6] - The acquisition of In-Situ has expanded Veralto's Water Analytics portfolio, allowing entry into the growing environmental water and hydrology markets [3] Future Outlook - Looking ahead to 2026, Veralto expects continued core sales growth and margin expansion driven by strong product demand [4] - The company faced challenges in the fourth quarter, with core sales growth at 1.6% due to price increases and slight volume declines, alongside impacts from tariffs and growth investments on incremental margins [4] Quarterly Earnings - Veralto reported impressive quarterly earnings of $1.04 per share, surpassing the Zacks Consensus Estimate of $0.98, marking a 6.01% earnings surprise [5] - Although revenues for the quarter were slightly below estimates, they improved from the previous year, demonstrating Veralto's resilience in a competitive market [5]

Core Viewpoint - California Water Service Group is set to release its 2025 full-year and fourth-quarter earnings results on February 25, 2026, after market close, with a conference call scheduled for February 26, 2026 [1] Group 1: Earnings Announcement - The earnings results will be released after market close on February 25, 2026 [1] - The earnings conference call will take place at 11:00 a.m. ET on February 26, 2026 [1] Group 2: Conference Call Details - Stockholders and interested investors can attend the conference call by dialing 1-800-715-9871 or 1-646-307-1963 with ID 2201083, or via a live audio webcast [2] - A replay of the call will be available from 2:00 p.m. ET on February 26, 2026, through April 27, 2026 [2] - The call will be hosted by key executives including Chairman Martin A. Kropelnicki and CFO James P. Lynch [2] Group 3: Company Overview - California Water Service Group is the parent company of several regulated utilities providing water and wastewater services to over 2 million people across multiple states [3] - The company operates under the symbol "CWT" on the New York Stock Exchange [3] - Additional information about the company can be found on its website [3]

Core Insights - Iowa American Water has launched the American Water Charitable Foundation 2026 Water and Environment Grant Program to support initiatives focused on clean water, conservation, environmental education, climate variability, and water-based recreation projects [1][3] 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 [4] - Iowa American Water, a subsidiary of American Water, provides services to approximately 227,000 people in Iowa [8] Grant Program Details - The American Water Charitable Foundation awarded $1.7 million in 2025 to 80 organizations across 12 states, including five organizations based in Iowa [2] - The Foundation has invested over $25 million since 2012 through grants and matching gifts to support eligible organizations in communities served by American Water [6] - Applications for the 2026 Water and Environment Grant Program will be accepted until March 6, 2026 [3]

Financial Data and Key Metrics Changes - The company reported a net sales growth of 4.6% for Q1, reaching $318.2 million, driven by higher pricing across most product lines despite slightly lower volumes [11][8] - Gross profit increased by 16.3% to $119.8 million, with gross margin expanding by 380 basis points to 37.6% [11][12] - Adjusted EBITDA reached a record $72.1 million, up 13.5% year-over-year, with an adjusted EBITDA margin of 22.7%, marking a new Q1 record [13][11] - Adjusted net income per diluted share increased by 16% year-over-year to $0.29, setting another Q1 record [13] Business Line Data and Key Metrics Changes - Water Flow Solutions (WFS) net sales decreased by 0.9% to $173 million, primarily due to lower volumes of service brass products, but adjusted operating income increased by 28% to $49.4 million [14] - Water Management Solutions (WMS) net sales increased by 12% to $145.2 million, driven by higher pricing and strong volume growth of hydrants, although adjusted operating income decreased by 11.2% [15] Market Data and Key Metrics Changes - The company anticipates healthy municipal repair and replacement activity and strong growth in project-related work using specialty valves, which will offset slower new residential construction activity [9][18] - The residential construction market is expected to see a high single-digit decrease, while municipal repair and replacement growth is projected in the low to mid-single-digit range [55][57] Company Strategy and Development Direction - The company is focused on operational execution and strengthening relationships with stakeholders, aiming for sustained margin expansion and long-term value creation through strategic capital expenditures [10][9] - The leadership transition is structured to ensure continuity and build on the company's positive momentum [6][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and the resilience of end markets, despite challenges from tariffs and inflation [20][60] - The company raised its FY 2026 guidance for consolidated net sales and adjusted EBITDA, reflecting strong Q1 results and expectations for the rest of the year [18][9] Other Important Information - The company generated $44 million of free cash flow and maintained a strong balance sheet with $452 million of total debt and $460 million of cash and cash equivalents [16][17] - The company plans to continue investing in capital expenditures between $60 million and $65 million for the year [19] Q&A Session Summary Question: Can you quantify how much you guys have raised prices so far this year? - Management indicated that the majority of the increased growth in guidance is predominantly price-related, with annual price increases recently announced [24] Question: Can you break down the impacts from manufacturing efficiencies and pricing on Water Flow? - Management noted that the closure of the legacy brass foundry provided significant benefits, which are expected to continue into the first half of the year [25] Question: Can you size for us the inflation pressures? - Management expects to be price positive for the full year, with approximately 3% impact from tariffs factored into guidance [35] Question: What is the expectation for residential construction activity? - Management anticipates a high single-digit range of slowdown in residential construction, but sees potential for increased activity if rates lower [36] Question: Can you provide insights on repair and replace contributions in the quarter? - Management reported strong performance in municipal markets, with expectations for growth driven by specialty valves, offset by a decrease in residential construction [54][57]