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New Jersey American Water Encourages Customers to Save Water and Money During Fix a Leak Week
Prnewswire· 2026-03-13 15:34
New Jersey American Water Encourages Customers to Save Water and Money During Fix a Leak Week Accessibility Statement Skip NavigationCAMDEN, N.J., March 13, 2026 /PRNewswire/ -- New Jersey American Water is joining the U.S. Environmental Protection Agency's Fix a Leak Week by sharing simple steps customers can take to find and fix household leaks. These everyday actions help reduce water waste, protect homes and lower monthly bills. This year's event comes at an especially important time, as New Jersey is s ...
Artesian Resources Corporation Reports 2025 Year-End Earnings and Fourth Quarter Results
Globenewswire· 2026-03-12 20:20
Core Insights - Artesian Resources Corporation reported a net income of $22.8 million for the year ended December 31, 2025, reflecting an increase of $2.4 million, or 11.9%, compared to 2024. Diluted net income per share rose by 11.6% to $2.21 from $1.98 in 2024 [2][10] - Total revenues for 2025 reached $112.9 million, an increase of $5.0 million, or 4.6%, from the previous year [2] Year-End Results - Net income for 2025 was $22.8 million, up from $20.4 million in 2024, marking an 11.9% increase [2] - Diluted net income per share increased to $2.21, up 11.6% from $1.98 in 2024 [2][10] - Revenues totaled $112.9 million, a 4.6% increase from $107.9 million in 2024 [2] Revenue Breakdown - Water sales revenue increased by $2.8 million, or 3.2%, due to temporary rate increases and customer growth [3] - Other utility operating revenue rose by approximately $1.5 million, or 11.2%, driven by increased wastewater revenue from customer growth [3] - Non-utility operating revenue increased by approximately $0.7 million, or 10.2%, mainly from the Service Line Protection Plan [4] Expense Analysis - Operating expenses, excluding depreciation and income taxes, increased by $2.7 million, or 4.4% [5] - Utility operating expenses rose by $2.6 million, with notable increases in payroll, administrative costs, and supply costs [5] - Depreciation and amortization expenses increased by $0.2 million, or 1.3%, due to ongoing investments in utility infrastructure [6] Fourth Quarter Results - Net income for Q4 2025 was $4.1 million, a 7.5% increase from $3.8 million in Q4 2024 [9] - Diluted net income per share for Q4 increased by 8.1% to $0.40 from $0.37 in the same period last year [9] - Revenues for Q4 totaled $28.0 million, up 4.3% from $26.8 million in Q4 2024 [9] Capital Expenditures - The company invested $58.8 million in water and wastewater infrastructure projects in 2025, focusing on rehabilitation of aging infrastructure and new installations [16] - Investments included upgrades to treatment facilities and enhancements to meet regulatory standards [17] Company Overview - Artesian Resources Corporation operates as a holding company providing water and wastewater services on the Delmarva Peninsula, with its principal subsidiary being the oldest regulated water utility in the region [18] - The company supplies 9.4 billion gallons of water annually through 1,515 miles of main to over a third of Delaware's population [18]
American Water Unit Gets Rate Hike Nod, Supports Ongoing Investments
ZACKS· 2026-03-12 15:41
Core Viewpoint - American Water Works' unit, West Virginia American Water, has received approval for new water rates that will increase annual revenues by $20.5 million, effective March 1, 2026 [1][10]. Summary by Relevant Sections Rate Increases and Financial Impact - The approved new rates will lead to an increase in average monthly bills for residential water customers by nearly $6 and for residential wastewater customers by around $7 [2][10]. - The rate hikes are deemed essential for the maintenance and upgrade of infrastructure, enabling utilities to meet rising customer demand efficiently [3][4]. Infrastructure Needs - The U.S. water and wastewater infrastructure is aging, necessitating significant investment. The Environmental Protection Agency estimates that $1.25 trillion will be required over the next 20 years for necessary upgrades [5]. - Infrastructure improvements are crucial for utilities to manage growing demand and minimize leaks and water loss [5]. Industry Context - Other water utilities, such as American States Water and California Water Service Group, have also received approvals for rate hikes, indicating a broader trend in the industry to secure funding for infrastructure development [6][7][8]. - The stock performance of American Water Works has shown a slight increase of 0.6% over the past month, contrasting with a 1.1% decline in the water utility industry [9][10].
Iowa American Water Announces Over $55 Million Invested in 2025 Statewide Infrastructure Upgrades
Prnewswire· 2026-03-12 15:41
Iowa American Water Announces Over $55 Million Invested in 2025 Statewide Infrastructure Upgrades Accessibility Statement Skip NavigationStrengthening System Reliability and Water Quality for CustomersDAVENPORT, Iowa, March 12, 2026 /PRNewswire/ -- Iowa American Water announced today its 2025 summary of investments for system improvements, totaling more than $55 million in water and wastewater system upgrades throughout its service areas across Iowa."Providing safe, clean and reliable water and wastewater s ...
Is American Water Works Company, Inc. (AWK) Among the Best Water Management Stocks to Buy?
Yahoo Finance· 2026-03-12 07:16
American Water Works Company, Inc. (NYSE:AWK) is one of the 11 Best Water Management Stocks to Buy. On February 18, 2026, Reuters reported that American Water Works Company, Inc. (NYSE:AWK)’s fourth-quarter earnings and revenue fell short of Wall Street projections, mainly due to rising expenses at the water and wastewater utility. The Camden, New Jersey-based firm reported adjusted earnings of $1.24 per share for the quarter ended December 31, up from $1.15 per share a year earlier but falling short of a ...
Watts Water Technologies (WTS) Announces Fourth Quarter and Full Year 2025 Results
Yahoo Finance· 2026-03-12 07:16
Watts Water Technologies, Inc. (NYSE:WTS) is one of the 11 Best Water Management Stocks to Buy. On February 11, 2026, Watts Water Technologies, Inc. (NYSE:WTS) announced fourth-quarter 2025 sales of $625.1 million, up 16% from $540.4 million the year before, with operating income of $113.7 million and an operating margin of 18.2%, up 170 basis points. The company reported diluted earnings per share of $2.50, up 24%, while adjusted diluted EPS was $2.62, up 28%. Favorable pricing, productivity gains, and an ...
Mueller Water Products (MWA) Reports 2026 Q1 Results
Yahoo Finance· 2026-03-12 07:16
Mueller Water Products, Inc. (NYSE:MWA) is one of the 11 Best Water Management Stocks to Buy. On February 4, 2026, Mueller Water Products, Inc. (NYSE:MWA) announced fiscal first-quarter net sales of $318.2 million for the period ending December 31, 2025, an increase from $304.3 million the previous year, as higher rates across most product lines offset slightly lower volumes. The corporation's operating income increased to $56.7 million from $47.4 million, while adjusted operating income rose to $60.0 milli ...
Badger Meter, Inc. (BMI) Announces Regular Quarterly Dividend and Expands Share Repurchase Authorization
Yahoo Finance· 2026-03-12 07:16
Badger Meter, Inc. (NYSE:BMI) is one of the 11 Best Water Management Stocks to Buy. On February 13, 2026, Badger Meter, Inc. (NYSE:BMI) announced a regular quarterly cash dividend of $0.40 per share, payable on March 13, 2026, to shareholders of record on February 27, 2026. The board raised the company's share repurchase authorization by $75 million, bringing the total to $150 million through November 30, 2028, following the $75 million granted in November 2025. Badger Meter, Inc. (NYSE:BMI) provides flow m ...
American States Water Company (AWR) Reports Fourth Quarter and Full Year 2025 Results
Yahoo Finance· 2026-03-12 07:15
For the full year 2025, American States Water Company (NYSE:AWR) reported diluted EPS of $0.20 and adjusted EPS of $0.33 over 2024. In 2025, the firm spent $210.9 million on capital expenditures, and it expects to invest $185 million to $225 million in 2026. American States Water Company (NYSE:AWR) is one of the 11 Best Water Management Stocks to Buy. On February 18, 2026, American States Water Company (NYSE:AWR) announced diluted profits per share of $0.74 for the fourth quarter of 2025, down from $0.75 th ...
Middlesex Water Company (MSEX) Announces 2025 Earnings
Yahoo Finance· 2026-03-12 07:14
Middlesex Water Company (NASDAQ:MSEX) is one of the 11 Best Water Management Stocks to Buy. stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Middlesex Water Company (MSEX) Announces READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. 2025 Earnings Photo by Silvan Schuppisser on Unsplash Middlesex Water Company (NASDAQ:MSEX) owns and manages regulated water utility and wastewa ...