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BASS LAKE, Calif.--(BUSINESS WIRE)--California American Water announced today that it has completed its acquisition of the Bass Lake Water Company system. The purchase of the system, which serves approximately 1,000 customers, was previously approved by the California Public Utilities Commission (CPUC) and reflects California American Water's ongoing commitment to strengthening water infrastructure and enhancing service in communities around the state. “We're thrilled to begin providing Bass La.
American Water Works, a utility company that provides water and wastewater services in the IS, is now a $28 billion (by market cap) major water utility. AWK increased its dividend for 18 consecutive years, with a 10-year dividend growth rate of 9.5%. The company advanced its revenue from $3.2 billion in FY 2015 to $4.7 billion in FY 2024, a compound annual growth rate of 4.4%.
PACIFIC GROVE, Calif.--(BUSINESS WIRE)--The California Public Utilities Commission (CPUC) today voted to adopt the Phase 2 Demand and Supply Estimates for the Monterey Peninsula Water Supply Project, which concludes that the region faces a water supply deficit of approximately 815 million gallons per year by 2050. The projected shortfall continues to underscore the clear need for new, robust, drought-proof water supply resources for the Monterey Peninsula. "It's our responsibility to supply saf.
BELLEVILLE, Ill.--(BUSINESS WIRE)--Illinois American Water announced today that it is accepting applications for its 2025 Firefighter Grant Program. Deadline to apply is September 19.
Investors looking for stocks in the Utility - Water Supply sector might want to consider either Veolia Environnement SA (VEOEY) or American Water Works (AWK). But which of these two stocks offers value investors a better bang for their buck right now?
CAMDEN, N.J.--(BUSINESS WIRE)--American Water Works Company, Inc. (NYSE: AWK) announced today the pricing of a registered underwritten offering of 7,042,254 shares of its common stock at a price to public of $142.00 per share. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below.
CAMDEN, N.J.--(BUSINESS WIRE)--American Water Works Company, Inc. (NYSE: AWK) announced today a registered underwritten offering of $1 billion in shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. Wells Fargo Securities, J.P. Morgan, and Mizuho are a.
Maryland American Water Files Rate Request Driven by $22 Million of Investment Over Last Seven Years
BEL AIR, Md.--(BUSINESS WIRE)--Maryland American Water filed a request today with the Maryland Public Service Commission (PSC) for new rates, reflecting $22 million of water system investments since the company's last rate request. The request reinforces the company's commitment to replacing aging infrastructure and continuing to provide high-quality water service in compliance with environmental regulations for the benefit of customers. “Our commitment to long-term investments in our water sys.
AWK's second-quarter earnings narrowly missed estimates, but revenues rose 11% on rate hikes and acquisitions, narrowing 2025 earnings per share guidance.
American Water Works Company, Inc. (NYSE:AWK ) Q2 2025 Earnings Conference Call July 31, 2025 9:00 AM ET Company Participants Aaron Musgrave - Vice President of Investor Relations Cheryl D. Norton - Executive VP & COO David M.