Welcome to our dedicated page for American Wtr Wks Co news (Ticker: AWK), a resource for investors and traders seeking the latest updates and insights on American Wtr Wks Co stock.
American Water Works Company Inc (AWK), the largest investor-owned U.S. water utility since 1886, provides essential water services through regulated operations and military contracts. This page aggregates official news and regulatory developments impacting this infrastructure leader.
Investors and stakeholders will find timely updates on earnings announcements, rate case decisions, and infrastructure investments. Our curated feed includes press releases about service expansions, environmental compliance milestones, and operational updates from AWK's 16-state footprint.
Key content focuses on regulatory filings with state commissions, capital improvement plans, and water quality initiatives. Track developments in AWK's military housing contracts and technological advancements in leak detection systems.
Bookmark this page for structured access to SEC filings, dividend declarations, and sustainability reports. Check regularly for analysis of how rate base growth and infrastructure renewal cycles impact this essential service provider.
New Jersey American Water has completed the $6.5 million acquisition of Manville's wastewater collection system, adding 4,300 new wastewater customers. The deal, approved by 83% of voters in November 2023, includes a commitment to invest $10 million in system improvements over the next decade. This marks the company's seventh acquisition in five years, adding over 18,600 customers. The acquisition will help Manville pay off municipal debt, stabilize property taxes, and secure long-term affordable rates for residents.
American Water reported strong Q3 2024 results with earnings of $1.80 per share, up from $1.66 in 2023. Year-to-date earnings reached $4.17 per share, compared to $4.03 in 2023. The company affirmed its 2024 weather-normalized EPS guidance of $5.25-$5.30 and announced 2025 EPS guidance of $5.65-$5.75. A significant milestone includes the $230 million acquisition of Butler Area Sewer Authority assets in Pennsylvania, adding 15,000 customer connections. The company also announced its 2025-2029 capital plan of $17-$18 billion and 2025-3034 plan of $40-$42 billion, while affirming long-term EPS and dividend growth targets of 7-9% CAGR.
American Water Works (NYSE: AWK) has declared a quarterly cash dividend of $0.7650 per share of common stock, payable on December 3, 2024, to shareholders of record as of November 12, 2024. This dividend continues the previously announced increase in May 2024. The company offers a dividend reinvestment and direct stock purchase plan called American Water Stock Direct, allowing shareholders to reinvest dividends and purchase additional shares without brokerage commissions or service charges.
Pennsylvania American Water has completed the $230 million acquisition of the Butler Area Sewer Authority (BASA) wastewater system. The system serves over 15,000 customer connections across 32.5 square miles in Butler County. The company plans to invest more than $75 million over five years to upgrade the infrastructure, including pump stations, electrical safety, and treatment procedures. The deal will eliminate BASA's $49 million debt and liabilities. Current wastewater rates will be maintained for at least one year, after which customers will transition from flat rate to usage-based billing. The company will also increase its hardship grant program by $3.5 million over five years and extend payment arrangements to commercial customers.
American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., has announced nationwide employment opportunities across multiple departments. The company is seeking professionals in Operations, Engineering, Environmental and Safety, and Information Technology roles. The initiative aims to build a diverse workforce while providing clean, safe, reliable, and affordable water services. American Water offers competitive compensation and benefits packages to attract talented individuals interested in making an impact on public health and sustainability.
American Water (NYSE: AWK) has launched a nationwide celebration marking the 50th anniversary of the Safe Drinking Water Act (SDWA). The celebration will span 50 days through December 16, 2024, highlighting the law's impact since its 1974 enactment to protect public drinking water supply.
The company, as the largest regulated water utility in the U.S., plans to invest $34 to $38 billion over the next decade in infrastructure repairs, replacement, and system resiliency. This initiative demonstrates their commitment to addressing emerging water safety and quality challenges while maintaining affordable water service nationwide.
California American Water has promoted Christy Baril to Director of Water Quality and Environmental Compliance. In this role, she will oversee all statewide water quality and environmental activities. Baril, who has been with the company for 10 years, brings experience in water quality, compliance, operations, rates, and engineering. She will be responsible for ensuring adherence to environmental regulations and leading efforts to protect and improve water quality. Baril holds a bachelor's degree in marine biology from UC Santa Cruz and an MBA from the University of Illinois.
Illinois American Water has invested over $34 million in water and wastewater infrastructure improvements in the Alton District over the past two years. Major projects include a $6.4 million ultraviolet water treatment system installation, a $23.5 million Piasa Valley sewer separation project, a $3.11 million wastewater plant effluent line rehabilitation, and a $1.8 million water main replacement along 9th Street. The improvements aim to enhance water quality, reliability, and customer service while meeting EPA regulations and addressing mandatory Long-Term Control Plan requirements.
American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced that its Chief Operating Officer Cheryl Norton will be honored at the 2024 Salute to the Policy Makers Gala on October 22. The event, organized by the Executive Women of New Jersey (EWNJ), will take place at the Legacy Castle in Pompton Plains, New Jersey.
The gala raises funds for EWNJ's networking programs, advocacy work, and leadership initiatives, including its Graduate Merit Award Program. EWNJ's mission is to ensure equal opportunities and representation for women in senior corporate leadership and on boards. The organization focuses on nurturing future women leaders and providing them with necessary training and education.
The California Public Utilities Commission (CPUC) has approved California American Water's acquisition of the Mesa del Sol water system in Corral de Tierra, Monterey County. This acquisition will add approximately 15 new water connections to Cal Am's existing customer base of about 40,000 connections in the Monterey Peninsula and surrounding areas.
The Mesa del Sol system is currently identified as a failing water system by the California State Water Resources Control Board's SAFER program. Cal Am's acquisition aims to solve long-running water quality issues for the neighborhood through physical consolidation with their neighboring system. The acquisition is expected to be finalized in early 2025, following the completion of construction on system improvements and interconnection.
Cal Am emphasizes that this acquisition will bring clean, safe, and reliable water service to Mesa del Sol residents, along with improved customer service options and programs. The larger customer base is expected to provide greater economies of scale and future rate stability for the newly acquired system.
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