Welcome to our dedicated page for American Water Works Company news (Ticker: AWK), a resource for investors and traders seeking the latest updates and insights on American Water Works Company stock.
American Water Works Company, Inc. (AWK), founded in 1886, is the largest publicly traded U.S. water and wastewater utility company. Headquartered in Voorhees, N.J., American Water employs over 6,800 dedicated professionals, providing drinking water, wastewater, and related services to about 14 million people across more than 40 states and parts of Canada. The company's core business focuses on regulated markets, ensuring reliable water and wastewater services to residential, commercial, and industrial customers.
American Water's regulated business serves approximately 3.5 million customers in 16 states, maintaining a strong presence in the U.S. water utility sector. In addition to its regulated operations, American Water also manages a nonregulated business that provides water services to military bases under long-term contracts, offering consistent regulated-like returns.
American Water is recognized for its commitment to sustainability, investing in infrastructure to improve water quality and reliability. The company continuously engages in various projects to enhance its services and expand its reach. Recent achievements include significant upgrades to water treatment facilities and the implementation of advanced technologies to ensure efficient water management.
Financially, American Water maintains a robust position, consistently delivering value to its shareholders. Strategic partnerships and innovative initiatives contribute to the company's growth and stability. American Water's dedication to excellence in service and infrastructure development underscores its role as a leader in the water utility industry.
For more detailed information about American Water and the latest updates, visit www.amwater.com.
- Latest News: Source: New Jersey American Water
- Latest News: Source: West Virginia American Water
- Latest News: Source: California American Water
- Latest News: Source: Virginia American Water
- Latest News: Source: American Water Charitable Foundation
- Latest News: Source: American Water
- Latest News: Source: Pennsylvania American Water
American Water Works Company reported first-quarter 2023 earnings of $0.91 per share, up from $0.87 in 2022. The company reaffirmed its 2023 earnings guidance range of $4.72 to $4.82 and long-term growth targets of 7-9% for EPS and dividends from 2023 to 2027. In Q1, American Water invested $538 million as part of its $2.9 billion capital plan for the year. Notably, the company issued 12,650,000 shares on March 3 for net proceeds of approximately $1.7 billion. They also announced the acquisition of wastewater assets in Pennsylvania and Illinois for $104 million and $83 million, respectively. The CEO expressed confidence in the company’s growth trajectory based on infrastructure investments and successful acquisitions.
American Water Works Company (NYSE: AWK) has declared a quarterly cash dividend of
The anticipated dividend will be paid on
With a compound annual growth rate of 9.7% in dividends over the past five years, American Water continues to demonstrate financial strength and strategic success.
The Virginia State Corporation Commission has approved a settlement for Virginia American Water regarding a rate adjustment following a November 2021 request. This change reflects an overall rate increase of approximately
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