（来源：衢州日报） 转自：衢州日报 受"拉尼娜"现象影响，2025年9月以来常山县温暖少雨，全县47座单村水站中11座分时段供水、4座基本 断流，供水形势严峻。常山水务公司严密监控旱情，积极启动应急保供机制，全力保障城乡居民春节用 水安全。 公司一方面全力拓展水源，完成11座应急深井打造，优化县域水资源配置。另一方面系统推进老旧管网 改造与智能化漏损管控，组建7人抢修突击队，配备新型管道探伤仪，对8条主干管网、20个小区、4大 园区拉网排查，消除隐患20余处。针对偏远高山地区，设置临时供水点，出动5辆应急送水车免费为居 民送水入户100余次。 在抗旱的同时，公司启动低温抗寒应急预案，为100公里裸露水管和1万余只水表"穿衣戴帽"保温。目前 各项措施扎实推进，春节期间城乡供水安全屏障进一步筑牢。 通讯员 傅志辉 ...

Core Insights - The Yiliang County Urban-Rural Water Supply Integration Project has achieved a significant milestone by completing the connection of the Yangjiashan Water Plant, marking a major advancement in the county's water supply history [1] Group 1: Project Overview - The project encompasses the entire supply chain from "source—pipeline—terminal," with the Yangjiashan Water Plant designed to supply 55,000 cubic meters of water daily in the short term, and up to 75,000 cubic meters in the long term [1] - A total of 414.11 kilometers of water supply and distribution pipelines have been constructed, linking key nodes such as the Yangjiashan Water Plant and storage tanks [1] Group 2: Service Improvement - The project establishes a new urban-rural water supply model characterized by "same water source, same pipeline, same water quality, and same service," allowing urban and rural residents to enjoy equal quality water services [1] Group 3: Technological Integration - Future plans for the Yangjiashan Water Plant include the integration of IoT, big data, and artificial intelligence technologies to create a smart water management system, transitioning towards "less human intervention and smart operation" [1] - The project will continue to enhance the intelligence and automation of the water plant's equipment and improve the supporting infrastructure for water distribution [1]

Core Points - York Water declared a quarterly dividend of $0.228 per share in November 2025, representing a 4.0% increase from the prior year [1] - The company has maintained a dividend payment streak that extends over a decade [1]

Financial Performance - Thames Water reported a profit of £414 million for the six months ending in September, a significant turnaround from a loss of £149 million during the same period last year [1] - Revenues increased by 42% to £1.9 billion, driven by regulatory approval for substantial increases in utility bills [2] Debt and Financial Challenges - The company's debt rose to £17.6 billion, with a 5% increase noted over the six-month period [2][6] - Thames Water has nearly maxed out a £1.5 billion loan facility from creditors, indicating ongoing financial strain [2] Customer Impact - The average customer bill increased from £436 to £588, leading to a rise in customer complaints [3] - The CEO acknowledged that higher customer bills have funded increased capital investment, which rose by 22% to nearly £1.3 billion [4] Operational Improvements - The company has made progress in operational transformation, achieving a 20% reduction in pollution and maintaining steady leakage performance despite challenging weather conditions [8] - Investment has been directed towards fixing leaks, pollution control, and improving water quality [6][4] Future Outlook - Thames Water is working on a long-term transformation program expected to take at least a decade to complete [7] - Senior creditors are exploring a potential rescue deal to prevent the company from entering a taxpayer-backed special administration regime [5]

Core Insights - California Water Service Group (CWT) reported quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.20 per share, representing an earnings surprise of -14.17% [1] - The company posted revenues of $311.24 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.36% and showing an increase from $299.56 million year-over-year [2] - The stock has added about 4.7% since the beginning of the year, underperforming the S&P 500's gain of 17.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $235.2 million, and for the current fiscal year, it is $2.41 on revenues of $1.01 billion [7] - The estimate revisions trend for California Water Service Group was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Utility - Water Supply industry is currently in the top 17% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Insights - California Water Service Group (CWT) reported quarterly earnings of $0.71 per share, exceeding the Zacks Consensus Estimate of $0.46 per share, and showing a year-over-year increase from $0.70 per share [1] - The company achieved revenues of $264.95 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 17.30% and increasing from $244.3 million a year ago [2] - The stock has underperformed the market, losing about 1% since the beginning of the year compared to the S&P 500's gain of 8.2% [3] Earnings Performance - The earnings surprise for the recent quarter was +54.35%, and the company has surpassed consensus EPS estimates three times over the last four quarters [1][2] - The earnings outlook for the upcoming quarters includes a consensus EPS estimate of $1.18 on revenues of $298.59 million for the next quarter and $2.32 on revenues of $961.23 million for the current fiscal year [7] Industry Context - The Utility - Water Supply industry is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5][6]

Core Viewpoint - American Water Works Company (AWK) reported strong first-quarter 2025 results, with operating earnings per share (EPS) of $1.05, exceeding estimates and showing a year-over-year improvement of 10.5% from $0.95 [1] Financial Performance - Total revenues for the quarter reached $1.14 billion, surpassing the Zacks Consensus Estimate of $1.02 billion by 11% and increasing 12.9% from $1.01 billion in the previous year [2] - Operating expenses totaled $771 million, up 12.6% from $685 million a year ago, primarily due to increased operating and maintenance costs [4] - Operating income was reported at $371 million, reflecting a 13.8% increase from $326 million in the prior year [4] Segment Performance - Net revenues from regulated businesses were $1.04 billion, marking a 13% year-over-year increase [3] - Other net revenues amounted to $93 million, up 12% year over year [3] Growth Initiatives - The company added 2,150 customers through three completed acquisitions as of April 30, 2025, with 18 pending acquisitions expected to add 37,400 customers [5] - New rates effective January 1, 2025, are projected to increase revenues by $161 million for the full year, with potential additional revenue of $384 million from pending rate cases [5] Financial Position - Cash and cash equivalents stood at $114 million as of March 31, 2025, compared to $96 million at the end of 2024 [6] - Total long-term debt increased to $13.32 billion, up 6.4% from $12.51 billion at the end of 2024 [6] - Cash flow from operating activities was $331 million, down from $382 million in the same period last year [6] Long-Term Guidance - AWK reiterated its 2025 EPS guidance of $5.65-$5.75, with a Zacks Consensus Estimate of $5.72 [7] - The company aims for long-term earnings and dividend growth in the range of 7-9% and plans to invest approximately $3.3 billion in 2025 [7] - Capital expenditure is projected to be between $17-$18 billion for 2025-2029 and $40-$42 billion for 2025-2034 [8]