Oct 7, 2025 4:15 PM Eastern Daylight Time Acquisition Adds 5,000 New Customers; $50 Million in Planned Infrastructure Investments Residents will receive additional information in the mail from New Jersey American Water in the coming weeks, and the information is also available now on a new, dedicated webpage on the company's website at newjerseyamwater.com under Customer Service and Billing. South Orange Village residents will now be able to take advantage of the company's customer service benefits, includi ...

Group 1 - The York Water Company (NASDAQ:YORW) is recognized as one of the Best Dividend Stocks and is included in the Dividend Champions List [1][2] - The company operates in the utility sector, providing water and wastewater services in Pennsylvania, specifically in 57 municipalities across four counties [2][3] - The nature of the utility business creates a monopoly effect, leading to predictable cash flow and reduced competition concerns [3] Group 2 - The York Water Company has a long-standing history of dividend payments, having paid uninterrupted dividends since 1816, making it the oldest continuously paying dividend stock in the US [4] - The company has increased its dividend payout for 28 consecutive years, with the current quarterly dividend at $0.2192 per share, resulting in a yield of approximately 2.9% as of October 2 [4]

Summary of Pure Cycle Corporation Conference Call Company Overview - **Company Name**: Pure Cycle Corporation - **Ticker**: PCYO - **Industry**: Water and Wastewater Management, Land Development Key Points and Arguments 1. **Leadership Team**: The company boasts a strong leadership team with extensive experience in water management and land development, including a CFO with a background in audit and a VP of Engineering with over 40 years in the field [2][3][4] 2. **Business Segments**: Pure Cycle operates in three primary segments: water and wastewater services, land development, and single-family rentals [4][5] 3. **Water Rights Portfolio**: The company holds a valuable portfolio of water rights in Denver, Colorado, with a modest cost basis of $14.5 million, which has appreciated significantly over 35 years [5][9] 4. **Revenue Potential from Water Services**: The company can serve approximately 60,000 residential units with its water rights, generating potential top-line revenue of about $2.5 billion from connection fees, with a construction cost of around $1 billion [10][12] 5. **Land Development**: Pure Cycle is a master-planned community developer, delivering lots to national homebuilders and retaining some for its own rental portfolio. The company has delivered about 1,000 lots, generating approximately $80 million in sales [6][17] 6. **Single-Family Rentals**: The company is building single-family homes, with plans to maintain about 10% of the overall community in its portfolio, aiming for a total of 300 rental units [20][22] 7. **Financial Position**: Pure Cycle has a strong balance sheet with $60 million in liquidity and minimal debt of $7 million, primarily used for financing construction [7][8][22] 8. **Market Position**: The company focuses on entry-level homes, which are in high demand, and anticipates growth in customer accounts to 2,500-3,000 over the next three to five years [22][23] 9. **Growth Outlook**: The company plans to complete the Sky Ranch project, which includes 5,000 single-family units, within the next five years, while also increasing its rental portfolio [24][25] Additional Important Information - **Connection Fees**: The company charges approximately $42,000 per connection, which is expected to increase by about 3% annually [10][23] - **Water Supply Value**: Water supply can increase land value significantly, with water being nearly three times as valuable as land without it [14] - **Community Development**: The company is developing a charter school campus as part of its community development efforts, enhancing the attractiveness of its residential offerings [18] - **Shareholder Value**: Pure Cycle is actively engaged in share repurchases to address perceived undervaluation in the market [25][26]

Core Insights - American Water Works Company, Inc. (NYSE:AWK) is recognized as one of the 11 Best Value Dividend Stocks to buy currently [1] - The company serves over 14 million people across 14 states, with 92% of its operating revenue derived from regulated utility operations in 2024 [2] Company Strategy - The company's strategy focuses on obtaining regulatory approval for rate changes, investing in infrastructure modernization, and pursuing selective acquisitions [3] - Regulatory approval is crucial as it impacts customer pricing and infrastructure cost recovery, which are vital for the company's performance [3] - Ensuring efficiency while adhering to environmental and health standards is essential for long-term stability and growth [3] Dividend Policy - American Water Works has consistently raised its dividends since 2008, currently offering a quarterly dividend of $0.8275 per share [4] - The company has a dividend yield of 2.43% as of September 26 [4]

Core Points - Missouri American Water has signed an agreement to purchase the water and wastewater systems from the City of Neosho for $34.5 million [1] - The agreement has received unanimous approval from the Neosho City Council and has been submitted to the Missouri Public Service Commission [1] - The Neosho system serves approximately 5,400 customer connections [1]

Core Insights - Brookfield Business Partners L.P. serves as the public operating vehicle for Brookfield Corporation's private equity activities, focusing on business services and industrial operations with a diversified earnings model [2][3][29] Company Overview - Established in June 2016 through a spin-off from Brookfield Asset Management, the partnership aggregates and operates assets across business services, industrials, and infrastructure services [2][3] - The partnership emphasizes long-duration contracts and essential services, aiming for operational improvements and scale to deliver compounded returns [2][3] - Key assets include Westinghouse Electric Company, automotive battery assets linked to Clarios, and significant stakes in CDK Global and Scientific Games' lottery operations [2][3][5] Financial Information - Market capitalization is influenced by realized disposals, acquisitions, and the valuation of operating platforms, with units trading on the Toronto Stock Exchange (TSX: BBU.UN) and New York Stock Exchange (NYSE: BBU) [7][34] - Revenue streams are consolidated from various operating businesses, including environmental services, industrial manufacturing, and software services, with annual revenue influenced by acquisition timing [8][11] - The partnership distributes cash to unit holders through quarterly distributions, balancing reinvestment for growth with returning capital to unitholders [10][12] Operational Strategy - The partnership focuses on acquiring controlling or significant minority positions in essential service providers and industrial platforms, leveraging Brookfield's broader platform and capital resources [3][5] - Operational synergies are achieved through centralized procurement, shared services, and cross-selling among portfolio companies [4][15] - The strategy includes prioritizing assets with long-term contracts or regulated characteristics, such as municipal water concessions and software subscriptions [16][19] Industry Positioning - Brookfield Business Partners operates across several industry verticals, including utilities, manufacturing, technical services, and software/technology services for regulated sectors [14][19] - The partnership's competitive positioning benefits from integration with affiliated capital pools and collaboration with external partners like Oaktree Capital Management [15][19] - It occupies a distinct niche among Canadian-listed investment vehicles, providing direct exposure to operating platforms rather than solely acting as a fund manager [27][31] Leadership and Governance - The leadership team combines long-tenured Brookfield operating partners with external management recruits, emphasizing operational experience and continuity [22][26] - Key milestones include significant acquisitions such as Odebrecht Ambiental (BRK Ambiental), Westinghouse Electric Company, and CDK Global, demonstrating an acquisition-led growth model [23][24] - Governance focuses on integration, technology resilience, and long-term value creation, with a disciplined approach to capital allocation [24][26]

Company Overview - American Water Works Company, Inc. (AWK) is based in Camden, New Jersey, and provides water and wastewater services in the United States, with a market cap of $27.2 billion [1] - The company operates over 80 surface water treatment plants, more than 520 groundwater treatment plants, and over 190 wastewater treatment plants [1] Market Position - AWK is classified as a large-cap stock, reflecting its substantial size and influence in the regulated water utility industry [2] Stock Performance - AWK stock has declined 11.5% from its two-year high of $155.50 reached on April 4, and has dropped 2.7% over the past three months, underperforming the S&P 500 Index, which surged 10.7% during the same period [3] - Year-to-date, AWK stock has gained 10.5% but has dropped 7.1% over the past 52 weeks, lagging behind the S&P 500's 12.5% surge in 2025 and 17.6% gains over the past year [4] Financial Results - Following the release of mixed Q2 results on July 30, AWK's stock prices saw a marginal uptick; operating revenues for the quarter increased 11.1% year-over-year to $1.3 billion, exceeding expectations by 10.5% [5] - The company's EPS for the quarter rose 4.2% year-over-year to $1.48, missing consensus estimates by 1 cent [5] Peer Comparison - Compared to its peer, Essential Utilities, Inc. (WTRG), AWK has outperformed in 2025 with a gain of 10.5% versus WTRG's 4.1% [6] - However, AWK underperformed WTRG's 3.9% decline over the past year [6] Analyst Ratings - Among 14 analysts covering AWK stock, the consensus rating is a "Hold," with a mean price target of $143.10, indicating a modest 4% upside potential from current price levels [6]

Company Overview - Middlesex Water Company is a leading investor-owned water and wastewater utility in the United States, serving over half a million people in New Jersey and Delaware [3] - Established in 1897, the company emphasizes employee engagement, operational excellence, superior customer experience, infrastructure investment, and sustainable growth [3] Upcoming Conference Participation - The Chair, President, and CEO, Nadine Leslie, along with the Senior Vice President and CFO, Mohammed G. Zerhouni, will participate in the 5th Annual Virtual Water Utilities Conference on September 17, 2025 [1] - They will discuss the company's business strategy during a fireside chat moderated by Janney's Senior Analyst, Michael Gaugler [1] - The conference will also include virtual one-on-one meetings with institutional analysts and investors [2] Presentation Availability - The live webcast of the conference will be accessible at a specified link and will be available for 90 days on Middlesex Water's website under the Investors section [1]

Core Insights - H2O America has released its 2024 Corporate Sustainability Report, showcasing its sustainability efforts and community impact across multiple states [1][2]. Sustainability Achievements - The company achieved a 43% reduction in Scope 1 and 2 greenhouse gas emissions from the 2019 baseline, moving towards a 2030 goal of 50% reduction [10]. - Solar energy generation increased by 73%, with the addition of eight new solar projects, including the first in Texas [10]. - A total of $353 million was invested in water infrastructure, which included the replacement of 46 miles of pipeline and the installation of over 20,000 smart meters [10]. Water Quality and Compliance - H2O America reported zero violations of drinking water standards across all subsidiaries, with over 73,000 compliance samples conducted [10]. Community Engagement - The company made $400,000 in charitable donations and launched the Force for Good Foundation to support local nonprofits [10]. Customer Satisfaction - H2O America achieved an 85.2% customer satisfaction rate and expanded flexible payment plans and rate assistance programs [10]. Governance - The board of H2O America is majority-female, with eight out of ten members being independent, and the company has initiated an enterprise risk management program [10].

Core Insights - The article highlights the significance of dividend stocks in long-term investing, emphasizing that they have historically outperformed non-dividend stocks and provided stability during market fluctuations [2][3][5]. Company Insights - York Water has paid a continuous dividend since 1816, making it the longest-running dividend-paying public company in the U.S., surpassing other notable companies like Stanley Black & Decker by 60 years [12]. - The company operates as a water and wastewater utility, servicing 57 municipalities in South-Central Pennsylvania, which contributes to its low trading volume and limited public awareness [11]. - York Water's business model benefits from predictable operating cash flow due to its monopoly status in its service areas, allowing for stable revenue projections [13][15]. - The company has a strong track record of securing rate increases from the Pennsylvania Public Utility Commission, with a recent request that could increase annual revenue by $24.2 million, or 32% [16]. Industry Insights - Approximately 80% of S&P 500 companies pay dividends, but only 56 qualify as Dividend Kings, having increased their payouts for at least 50 years [7][8]. - The rarity of companies like York Water, which have paid dividends for over a century, positions them as unique investment opportunities within the broader dividend stock market [9]. - York Water's current valuation is historically low, trading at less than 20 times forward-year earnings, which is a 33% discount compared to its average over the past five years, combined with a 2.8% dividend yield [17].