SACRAMENTO, Calif., March 3, 2026 /PRNewswire/ -- California American Water has begun the Austin Steiner Main Replacement Project, the final phase of a multi-year modernization of the Fruitridge Vista water system. ...

Financial Performance - The York Water Company reported 2025 operating revenues of $77,488,000, an increase of $2,529,000 compared to 2024, while net income decreased by $267,000 to $20,058,000 [2] - Basic and diluted earnings per share for 2025 were $1.39, down $0.03 from 2024 [2] - For the fourth quarter of 2025, operating revenues increased by $606,000, and net income rose by $25,000 compared to the fourth quarter of 2024, with earnings per share remaining stable at $0.36 [4] Revenue Drivers - The increase in revenues was primarily attributed to growth in the customer base and revenues from the Distribution System Improvement Charge (DSIC), which is a charge allowed by the Pennsylvania Public Utility Commission for infrastructure replacement [2][4] - The company recognized a non-recurring gain on life insurance, contributing to the revenue increase [2][4] Expenses and Costs - Higher operation and maintenance expenses, depreciation, and increased interest on debt offset the revenue gains, leading to a decrease in net income [2][4] - Income taxes decreased due to higher deductions from IRS tangible property regulations [2] Capital Investments - The company invested $48.7 million in capital projects during 2025, focusing on main extensions, software upgrades, and infrastructure improvements [3] - For 2026 and 2027, York Water anticipates investments of approximately $48 million each year for further main extensions, software upgrades, and construction projects to support its growing customer base [5] Operational Metrics - The company replaced approximately 54,100 feet of water main and 1,800 feet of wastewater main in 2025 to enhance distribution and collection systems [3] - The average number of common shares outstanding for 2025 was 14,404, compared to 14,347 in 2024 [6]

Core Viewpoint - H2O America has announced a public offering of 11,484,824 shares of common stock at a price of $53.00 per share, aiming to raise approximately $588.9 million, which may increase to $677.2 million if the underwriters' option is fully exercised [1][3]. Group 1: Offering Details - The offering reflects an increase of approximately $58.7 million over the previously announced offering size [1]. - The company will sell 3,937,654 shares directly to underwriters, while 7,547,170 shares will be borrowed and sold by forward purchasers [1][2]. - The underwriters have a 30-day option to purchase an additional 1,722,723 shares on the same terms [1]. Group 2: Financial Proceeds and Use - The estimated net proceeds from the offering are approximately $588.9 million, which may rise to $677.2 million if the underwriters' option is exercised in full [3]. - The proceeds will be used to finance the Quadvest Acquisition, pay related fees and expenses, and for general corporate purposes, including potential acquisitions, capital expenditures, share repurchases, or debt repayment [3]. Group 3: Forward Sale Agreements - The company has entered into forward sale agreements with JPMorgan Chase and Wells Fargo, agreeing to sell 7,547,170 shares at an initial forward price equal to the offering price [2]. - Settlement dates for the forward sale agreements will be specified at the company's discretion on or before March 2, 2028 [2]. Group 4: Company Overview - H2O America is a national investor-owned network of local water and wastewater utilities, serving over 1.6 million people across the country [6][9]. - The company focuses on delivering clean, high-quality water and investing in critical infrastructure to ensure sustainable water supply [8].

Maryland American Water Granted New Rates by Maryland Public Service Commission [Accessibility Statement] Skip NavigationIncrease Supports $22 Million in Completed Infrastructure Investments; First Rate Adjustment Since 2019BEL AIR, Md., March 2, 2026 /PRNewswire/ -- The Maryland Public Service Commission (PSC) has approved a settlement for new water rates for Maryland American Water. The approved rates represent a total annualized revenue increase of approximately $2 million.The company's rate request was ...

SAN JOSE, Calif., March 02, 2026 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO) (“HTO” or the “Company”) announced today that it has commenced an underwritten public offering of $550 million in shares of its common stock, par value $0.001 per share (the “Offering”), subject to market and other conditions. Of the $550 million in shares of common stock being offered, the Company expects to issue and sell directly approximately $150 million in shares to the underwriters in the offering, and the forward purchase ...

Robert N. Hoglund, a member of the Board of Directors for Middlesex Water Company (MSEX +0.76%), reported the open-market purchase of 2,000 shares on Feb. 27, 2026, for a transaction value of ~$109,000 according to the SEC Form 4 filing.Transaction summaryMetricValueShares traded (direct)2,000Transaction value$109KPost-transaction shares (direct)2,000Post-transaction value (direct ownership)$108KTransaction value based on SEC Form 4 reported price ($54.31); post-transaction value based on Feb. 27, 2026 mark ...

Key Takeaways CWT to buy Nexus Water's NV and OR systems for $218M, adding nearly 36,000 connections.Deal, set to close by end-2026, will be funded via working capital and debt and equity facilities.California Water expands as aging infrastructure drives consolidation across U.S. utilities.California Water Service Group (CWT) announced that it has agreed to acquire Nexus Water Group’s Nevada and Oregon water and wastewater systems. These will help the company increase its geographical area, expand its opera ...

GEORGE TOWN, Cayman Islands, March 02, 2026 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water treatment plants, will hold a conference call on Tuesday, March 17, 2026 at 11:00 a.m. Eastern time to discuss its results for the year ended December 31, 2025.The financial results will be issued in a press release prior to the call. Consolidated Water management will host the call, followed by a question-and-answer perio ...

Lynch quantified the consumption impact and its effect on earnings. Tariff rate changes and other regulatory items added $0.48 per share, but weather-related consumption declines reduced earnings by $0.59 per share. Of the $12.7 million consumption decrease experienced in 2025, Lynch said $14.6 million occurred in the fourth quarter, underscoring the outsized December impact. The quarter also included the conclusion of a three-year conservation program approved in the 2021 California rate case, with final e ...

DOVER, Del., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater), a water service provider and wholly owned subsidiary of Middlesex Water Company, today announced that it has received approval from the Delaware Public Service Commission (PSC) to refund approximately $1.1 million to customers through a one-time bill credit. The refund is funded by proceeds Tidewater received from litigation addressing per- and polyfluoroalkyl substances (“PFAS”) contamination. Tidewater will issue the one ...