Water Stocks: Utilities, Treatment & Infrastructure

Veralto operates a Water Quality segment whose Hach, Trojan Technologies, and ChemTreat brands supply instruments, chemistry, and ultraviolet disinfection systems used to test and treat drinking water, wastewater, and industrial process water. Water Quality is one of the two reportable segments the company operates, and the other covers product identification and packaging.

Watts Water Technologies manufactures valves, backflow preventers, drainage products, water heating and flow controls, and treatment and reuse systems used in plumbing, heating, and water quality applications. Its products protect water safety and manage flow across residential, commercial, and municipal buildings, making it a focused water and flow control equipment maker.

Pentair is a water solutions company that makes pumps, filtration systems, pool equipment, and residential and commercial water treatment products. Its portfolio spans water filtration, softening, and movement for homes, businesses, pools, and industrial users, positioning the company as a focused supplier of water management hardware across multiple end markets.

Zurn Elkay Water Solutions is a pure-play water management company that makes drinking water products such as filtered bottle-filling stations and fountains, plus valves, drainage, backflow prevention, and flow systems for commercial and institutional buildings. Its product set spans water safety, control, conservation, and delivery within the water equipment segment.

Core & Main is a leading distributor of water, wastewater, storm drainage, and fire protection products in the United States, supplying pipes, valves, fittings, meters, hydrants, and related materials to municipalities and contractors. Its business is centered on distributing the components used to build and maintain water and wastewater infrastructure.

Franklin Electric designs and manufactures water and fuel pumping systems, including submersible motors, pumps, drives, and controls used to move groundwater for residential, agricultural, and municipal supply, plus filtration and treatment equipment. Water pumping and systems make up the majority of its business, positioning it as a focused water movement supplier.

Badger Meter makes smart water meters, flow measurement instruments, and the cellular and software systems that read them, helping utilities measure consumption, detect leaks, and manage water networks. Water metering and the related data and analytics are the core of the company, positioning it as a focused water measurement provider.

Mueller Water Products makes fire hydrants, valves, pipe fittings, and metering and leak-detection technology used by municipal water systems to distribute and manage drinking water. Its infrastructure products and smart metering tools are installed throughout water distribution networks, making it a focused supplier of water infrastructure and metering hardware.

American States Water provides regulated drinking water service to customers in California through its Golden State Water subsidiary, operates a small regulated electric utility, and supplies water and wastewater services on United States military bases through long-term government contracts. Regulated water is the central activity, supplemented by contracted utility operations.

California Water Service Group is a regulated water utility holding company that delivers drinking water and provides wastewater service to communities, primarily in California, with additional operations in Washington, New Mexico, Hawaii, and Texas. It owns wells, treatment facilities, and distribution mains, and recovers approved costs through regulated rates.

H2O America, formerly SJW Group, is a regulated water and wastewater utility that provides water service to customers in California, Texas, Connecticut, and Maine. It owns and operates water-supply, treatment, and distribution infrastructure and invests in pipe and system upgrades across its regulated service territories.

Middlesex Water is a regulated water utility that collects, treats, and distributes drinking water and provides wastewater services to customers in New Jersey and Delaware. It owns treatment plants and distribution systems and earns revenue from regulated rates, making it a small pure-play regional water and wastewater provider.

The York Water Company is the oldest investor-owned water utility in the United States, supplying drinking water and wastewater service to customers in south-central Pennsylvania. It impounds, purifies, and distributes water through company-owned reservoirs, treatment plants, and mains, operating entirely as a regulated water and wastewater utility.

Consolidated Water designs, builds, and operates desalination plants and water-treatment infrastructure, and supplies drinking water to utilities, developers, and government customers, primarily in the Caribbean and the United States. It also manufactures water-treatment products and provides engineering services for water-supply projects.

Artesian Resources is a regulated utility holding company that supplies drinking water and provides wastewater service primarily in Delaware, with additional operations in Maryland and Pennsylvania. Through its Artesian Water subsidiaries it owns wells, treatment plants, and distribution systems, operating as a small regional pure-play water and wastewater utility.

Global Water Resources is a regulated water resource management company operating water, wastewater, and recycled water utilities serving growing communities in the Phoenix metropolitan area of Arizona. Its model emphasizes treating and recycling water for reuse, and it earns regulated rates for water and wastewater service in a water-scarce region.

SABESP is a Brazilian water and sanitation utility that provides drinking water collection, treatment, and distribution plus sewage services across the state of Sao Paulo. Its shares trade in the United States as an NYSE-listed American Depositary Receipt, carrying non-US regulatory, currency, and political exposure for holders.

Advanced Drainage Systems manufactures pipe, drainage, and water-management products used for stormwater and onsite wastewater systems. Its high-density polyethylene pipe, retention systems, and septic products serve construction, infrastructure, and agricultural markets, making it a maker of physical water-management and drainage infrastructure.

Tetra Tech is a consulting and engineering firm with a major water practice, providing design, treatment, modeling, testing, and management services for drinking water, wastewater, stormwater, and water resources to government and commercial clients. Water and environmental work is central to the company, making it a focused water-related services and engineering provider.

A.O. Smith manufactures residential and commercial water heaters, boilers, and heat pumps, along with water treatment and filtration products for homes and businesses. It reports through North America and Rest of World segments, with the latter covering China, India, and Europe. Water heating is its largest product line and North America supplies most of its sales.

Primo Brands, formed from the combination of Primo Water and BlueTriton, is a North American branded drinking water and water solutions company whose products include bottled water, water dispensers, refill and filtration services, and exchange offerings. Its business is built around supplying, distributing, and treating drinking water for households and businesses.

Hawkins formulates, manufactures, blends, and distributes treatment chemicals, filtration media, and equipment for potable water, municipal and industrial wastewater, and industrial process water. Water Treatment is the largest of its three reportable segments and serves municipal utilities and industrial customers across the United States. The company also supplies specialty ingredients to food and industrial markets.

Gorman-Rupp designs and manufactures pumps and pumping systems used to move water and wastewater, including municipal supply and sewage service, flood control, and storm water management. It also builds pumps for fire suppression, agriculture, and industrial fluid handling. Municipal and wastewater pumping is a core end market for the company.

NWPX Infrastructure manufactures large-diameter, high-pressure steel pipeline systems used in water infrastructure, primarily for drinking water transmission and also for wastewater and seismic resilience projects. Its water transmission business engineers and delivers integrated water pipelines, and a precast concrete segment supplies stormwater and related infrastructure products.

Energy Recovery makes pressure exchanger devices that capture and reuse pressure energy in reverse osmosis systems, sharply lowering the power needed to desalinate seawater. Seawater desalination is its core market, and the company is extending the same technology into wastewater treatment and industrial water reuse applications.

Pure Cycle owns water and wastewater resources, infrastructure, and land in the Denver, Colorado area, and provides water and sewer service to developments while also building and selling residential lots. Its business centers on owning water rights and utility systems and monetizing them as the surrounding region grows.

Ferguson distributes plumbing and infrastructure products across North America, and its waterworks business supplies pipe, valves, hydrants, meters, and fire protection materials to municipal water and wastewater projects. Contractors and utilities source the components used to build and repair water distribution systems through its branch network. Waterworks is one of several customer groups it serves.

DuPont makes water filtration and purification technologies, including reverse osmosis membranes and ion exchange resins used in desalination, municipal drinking water, and industrial wastewater treatment. These products sit in its Healthcare and Water Technologies segment, one of the two reportable segments the company operates, alongside medical packaging and components.

IDEX is a diversified maker of fluidics, pumps, meters, and dispensing equipment serving many industries, including a Water and Wastewater business that supplies pumps, valves, and pipeline inspection and rehabilitation tools to municipal water utilities. Water is a meaningful end market within a broader portfolio of precision fluid-handling products.

Flowserve makes industrial pumps, valves, seals, and related flow control equipment for energy, chemical, and general industrial customers, including water and wastewater treatment and desalination facilities. Water and desalination applications are one of several end markets for its flow control products, giving the company meaningful but diversified water exposure.

AECOM provides engineering design, consulting, and program management services, with water among its major end markets alongside transportation, facilities, environmental, and energy work. Its water practice covers drinking water, wastewater, stormwater, and water resources projects. Public agencies, utilities, and industrial clients hire the firm to plan, design, and manage treatment plants, pipelines, and water programs.

Stantec is a professional services firm providing engineering, consulting, and design work, and it reports Water as one of its named business operating units. The water group designs drinking water, wastewater, stormwater, and water resource systems for municipal and industrial clients in North America and internationally.

Itron supplies smart meters, sensors, and data management software for electricity, gas, and water utilities, including water metering and leak-detection systems that help utilities monitor consumption and reduce loss. Water is one of three utility end markets it serves, giving it meaningful but diversified exposure to water measurement.

Select Water Solutions builds and operates water infrastructure for oil and gas producers, including pipelines, storage, and treatment and recycling facilities that reuse produced water in place of fresh water. It also provides water services and treatment chemistry, making water handling and reuse the center of its business.

WaterBridge Infrastructure owns and operates produced water handling systems in the Permian and Delaware basins of West Texas and southeastern New Mexico. Its network includes gathering pipelines, treatment and recycling facilities, and disposal wells that manage the water produced alongside oil and natural gas. Produced water handling is the whole of its business.

Lindsay Corporation makes irrigation equipment and infrastructure, including center-pivot and mobile irrigation systems that manage water use in agriculture, plus road infrastructure products. Its irrigation technology helps farms apply water efficiently, giving it exposure to agricultural water management within a broader infrastructure business.

Roper Technologies is a diversified technology company that owns software and engineered products businesses, including Neptune Technology Group, a maker of water meters and metering systems for municipal utilities. Water metering is a small part of a company now weighted toward application software, giving it limited but real water exposure.