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Calls for Increased Investment in Critical Water and Wastewater Systems

, /PRNewswire/ -- Robert Burton, president of Kentucky American Water, issued the following statement in response to the grade of C+ for drinking water and D+ for wastewater in the American Society of Civil Engineers' (ASCE) 2026 Report Card for Kentucky's Infrastructure:

"The ASCE 2026 Report Card for Kentucky's Infrastructure reinforces the urgent need for investment in critical water and wastewater systems, assigning the state a C+ for drinking water and a D+ for wastewater, showing no progress in the water grade and a decline in the wastewater grade from a C- in ASCE's 2019 report.

The report card underscores the growing infrastructure challenges facing the Commonwealth, including aging assets, recruiting and retaining licensed operators, and the need for greater climate resilience. These pressures reinforce the importance of continued, long-term investment in critical water and wastewater infrastructure.

At Kentucky American Water, our responsibility is clear: provide safe, clean, reliable and affordable water and wastewater service while investing in the systems that support and sustain the communities we serve. Our experience demonstrates how sustained, professionally managed investment can strengthen water and wastewater systems. Over the past five years, we have invested nearly $330 million in infrastructure, and we plan to invest more than $570 million over the next five years, while continuing to balance reliability, resilience and affordability for customers."

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Kentucky American Water
Kentucky American Water, a subsidiary of American Water, with approximately 150 dedicated employees, provides safe, clean, reliable and affordable water and wastewater services to approximately 550,000 people.

SOURCE American Water

American Water to Discuss Third Quarter 2026 Results and Initiation of 2027 Standalone Earnings Guidance on October 29, 2026PR Newswire

CAMDEN, N.J., Oct. 6, 2026

, /PRNewswire/ -- American Water Works Company, Inc. (NYSE: AWK) announced today that it intends to release its 2026 third quarter financial results and 2027 earnings guidance on a standalone basis, as well as its long-term financial targets, after the market closes on Wednesday, October 28, 2026.

John Griffith, President and Chief Executive Officer; David Bowler, Executive Vice President and Chief Financial Officer; and Cheryl Norton, Executive Vice President and Chief Operating Officer, will host a conference call and webcast with investors, analysts and other interested parties on Thursday, October 29, 2026, at 9 a.m. Eastern Time. There will be a question-and-answer session as part of the call.

Interested parties may listen to an audio webcast of the conference call through a link on the Investor Relations website at ir.amwater.com. Presentation slides that will be used in conjunction with the earnings conference call will also be made available online in advance at ir.amwater.com. A replay of the audio webcast will be available for one year on American Water's investor relations website at ir.amwater.com/events. The company recognizes its websites as key channels of distribution to reach public investors and as a means of disclosing material non-public information to comply with the company's obligations under SEC Regulation FD.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

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SOURCE American Water

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Company has provided four rounds of bill credits while continuing investments in PFAS treatment and water quality improvements across Indiana

, /PRNewswire/ -- Indiana American Water announced that it is providing a fourth bill credit to customers this month following the company's receipt of proceeds from settlements reached with manufacturers of per- and polyfluoroalkyl substances (PFAS). With this latest credit, Indiana American Water will have returned a total of over $25.5 million to customers statewide of PFAS settlement distributions.

Since November 2025, eligible water customers will have received nearly $75 per account in PFAS settlement credits. For the average residential customer, that amount exceeds the cost of a typical monthly water bill, based on average usage of 4,000 gallons per month and an average monthly bill of approximately $55.

Credit       

Timing                       

Amount Per Customer

First Credit    

November 2025  

$13.20

Second Credit   

January 2026           

$39.43

Third Credit  

July-August 2026     

$10.64

Fourth Credit   

October 2026               

$11.65

Total                     

$74.92

The credits distribute settlement proceeds Indiana American Water received from PFAS manufacturers through a customer bill credit mechanism approved by the Indiana Utility Regulatory Commission (IURC). This streamlined approach allows settlement funds to be returned quickly, equitably and transparently through automatic bill credits that are applied equally among eligible tariffed water customer accounts. The company plans to continue providing additional bill credits as future settlement payments are received and approved for distribution.

"Indiana American Water remains committed to returning these settlement proceeds directly to our customers while continuing to invest in the long-term protection of safe, clean, reliable and affordable drinking water across Indiana," said Barry Suits, president of Indiana American Water. "These credits provide a direct customer benefit from the settlements, while our company continues making significant investments in monitoring, treatment technologies and infrastructure improvements designed to address contaminants of emerging concern such as PFAS. We believe customers should receive the benefit of these settlement funds as quickly and efficiently as possible."

The credits are not based on whether PFAS has ever been detected in a customer's water supply, and Indiana American Water remains committed to meeting all state and federal drinking water standards while proactively addressing evolving PFAS regulations.

Indiana American Water has been a leader in PFAS treatment and water quality investments in Indiana. In January 2026, the company announced operation of Indiana's first drinking water treatment system specifically designed to remove PFAS at its Charlestown Water Treatment Plant. The company also has advanced PFAS treatment projects underway in Terre Haute and is evaluating additional treatment investments in other communities as part of its broader strategy to address emerging contaminants and comply with future regulatory requirements.

PFAS are a group of manufactured chemicals that have been used in consumer products and industrial applications for decades. Indiana American Water, along with numerous other water utilities nationwide, participated in multi-district litigation (MDL) proceedings seeking damages from manufacturers of PFAS chemicals. Settlement agreements provide payments over multiple years, allowing utilities to return proceeds to customers as funds are received.

Customers interested in learning more about PFAS, including what these compounds are, how they are regulated and the steps Indiana American Water is taking to address them, can visit the company's PFAS information webpage at Indiana American Water PFAS Information. Customers can also view annual Water Quality Reports for their local community, which provide detailed information about drinking water quality, testing and compliance with state and federal standards.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Indiana American Water
Indiana American Water, a subsidiary of American Water, is the largest regulated water utility in the state, providing high-quality and reliable water and wastewater services to approximately 1.5 million people.

SOURCE American Water

Acquisition expands wastewater service in Metro East; Approximately $2.6 Million in Capital Investments Planned During Next Five Years

, /PRNewswire/ -- Illinois American Water today completed the acquisition of the wastewater collection system in the City of Venice for $770,000. The newly acquired system adds approximately 500 wastewater collection service customers and expands the company's wastewater operations in the Metro East area near St. Louis. The acquisition agreement, which was approved by the Illinois Commerce Commission on June 24, 2026, highlights Illinois American Water's commitment to deliver safe, clean, reliable and affordable water and wastewater services by making necessary system investments and improving operational efficiency for this community.

"This sale places our wastewater collections system into the professional hands of Illinois American Water," said Venice Mayor Phillip White Jr. "Their employees focus on water and wastewater only, and we look forward to continuing the positive working relationship we have with them."

For more than 140 years, Illinois American Water has provided water service to Venice and communities throughout the Metro East. The acquisition expands the company's commitment to serving the region and providing solutions for local water and wastewater infrastructure needs.

"We are pleased to add additional service to our customers living in the City of Venice," said Rebecca Losli, President, Illinois American Water. "Our team looks forward to leveraging our operational experience, expertise, local presence and long-term commitment to infrastructure investment to enhance both their water and wastewater service needs for years to come."

Illinois American Water plans to make $2.6 million in capital investments and improvements in the Venice wastewater collection system over the next five years. Planned improvements include:

Upgrades throughout the wastewater collection system including rehabilitation or replacement of wastewater mains and manholes Lift station improvements Control and security enhancements at pump and lift stations Illinois American Water currently provides wastewater services in several Metro East communities, including Alton, Granite City, Godfrey, Grafton, Jerseyville, Shiloh, Madison and areas served through regional wastewater systems. Prior to the acquisition, Venice customers received transportation and wastewater treatment services from Illinois American Water. Now, customers will receive wastewater collection, transportation and treatment services.

Venice businesses and residents will be receiving additional information from Illinois American Water about their wastewater collection service. Customers can continue to take advantage of the company's customer service benefits, including online account management, payment options and billing information via Illinois American Water's self-service website, MyWater.

Illinois American Water also offers two bill paying assistance programs for qualifying customers needing help paying their bills. The Income-Based Discount Program, administered by the Dollar Energy Fund, provides eligible residential customers with a monthly discount on their bill. The H2O Help to Others Program, which is administered by the Salvation Army and supported by company and customer contributions, provides one-time bill support to customers who qualify. More information about these and other affordability programs is available on the company's website at www.illinoisamwater.com, under Customer Service & Billing, Customer Assistance Programs.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Illinois American Water
Illinois American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 600 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 1.3 million people. American Water also operates a quality control and research laboratory in Belleville.

Media Contact:
Anna Kubas
Senior Manager, External Communications
Illinois American Water
[email protected]

SOURCE American Water

Acquisition Adds Approximately 5,400 Water and 5,400 Wastewater Customers; $35 Million in Planned Infrastructure Investments

, /PRNewswire/ -- Missouri American Water today completed its acquisition of the City of Neosho's water and wastewater systems for $34.5 million. The newly acquired systems serve approximately 5,400 water and 5,400 wastewater customers. Additionally, Missouri American Water is welcoming 25 employees who have proudly provided service to these customers prior to the acquisition.

The agreement for the purchase of the systems was unanimously approved by Neosho City Council on August 19, 2025, and the Missouri Public Service Commission (PSC) approved the acquisition on June 24, 2026. The agreement highlights Missouri American Water's commitment to deliver safe, clean, reliable and affordable water and wastewater services by making necessary system investments and improving operational efficiency for this community.

"The decision to sell Neosho's water and wastewater systems was made after careful consideration of the long-term needs of our residents and the significant investment required to maintain and improve these critical systems," said Neosho Mayor Tom Workman. "This acquisition positions our community to benefit from experienced utility operations, planned infrastructure improvements and continued focus on safe, reliable water and wastewater service. We appreciate the company's commitment to a smooth transition for customers and to making the investments needed to support Neosho now and into the future."

As part of the agreement and subject to approval by the PSC, Missouri American Water will invest approximately $35 million dollars in the Neosho water and wastewater systems over the next five years. The upgrades include facility improvements, replacement of water and wastewater mains, and the integration of technology to prioritize leak detection and wastewater treatment compliance with federal and state standards. Anticipated improvements also include the identification and replacement of all lead and galvanized steel service lines, replacing and upgrading aging water mains, and replacement of the Buffalo Creek lift station. Additional projects will be identified as Missouri American Water continues its analysis of the systems.

"We are honored to begin serving the City of Neosho as their water and wastewater provider, and our dedicated team of experienced professionals look forward to providing them with excellent service and becoming a part of their community," said Rich Svindland, President of Missouri American Water. "We are well positioned to modernize critical infrastructure, remove lead and galvanized service lines, and enhance quality and increase reliability."

High-quality customer service will remain a priority for Missouri American Water, which was recently ranked highest in customer satisfaction among large utilities in the Midwest by J.D.

Power. Residents will receive additional information in the mail from Missouri American Water in the coming weeks, and the information is also available now on a new, dedicated webpage on the company's website at missouriamwater.com under Customer Service and Billing, then select For New Customers. 

Neosho residents will be able to take advantage of the company's customer service benefits, including online account management and billing information. Missouri American Water also provides customer assistance through its H20 Help to Others program for qualifying customers needing help paying their water and wastewater bills.  

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Missouri American Water
Missouri American Water, a subsidiary of American Water, is the largest regulated water utility in the state with over 700 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 1.7 million people. For more, visit missouriamwater.com and follow Missouri American Water on X, Facebook, Instagram, YouTube and LinkedIn.

SOURCE American Water

Latest credit of nearly $12 brings total PFAS settlement proceeds to more than $71 per customer

, /PRNewswire/ -- Tennessee American Water announced that they are applying additional credits to customers' bills as a result of the company's receipt of proceeds from settlements reached with manufacturers of per- and polyfluoroalkyl substances (PFAS). 

Today, Tennessee American Water issued an $11.92 bill credit to all active water customer accounts as of August 28, 2026. The credit distributes recent settlement proceeds the company received from PFAS manufacturers to customers. 

The Tennessee Public Utility Commission approved a plan that enables Tennessee American Water to provide PFAS settlement funds directly to customers through bill credits as the funds are received. Including this latest credit, customers have received a total of over $71 per account from PFAS-related settlements to date.  Tennessee American Water issued a credit of $59.36 to customers in March of this year to all active accounts at that time.  

The company is committed to complying with all drinking water standards and is taking appropriate actions to meet new PFAS regulations as they are implemented. Tennessee American Water is investing over $45 million in capital improvements across their service territories to continue providing safe, clean, reliable and affordable water service. For more information about PFAS and the steps Tennessee American Water is taking to address them, visit the company's PFAS information page. 

About American Water  
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.   

About Tennessee American Water
Tennessee American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 100 dedicated employees working to provide safe, clean, reliable and affordable water services to approximately 425,000 people in Tennessee and north Georgia. 

For more information, visit www.tennesseeamwater.com and connect with us on Facebook, X, Instagram, LinkedIn and YouTube. 

SOURCE American Water

Urges More Investment in Critical Water and Wastewater Systems

, /PRNewswire/ -- Laura Runkle, President of Virginia American Water, issued the following statement in response to the grade of C+ for drinking water and D+ for wastewater in the American Society of Civil Engineers' (ASCE) 2026 Report Card for Virginia's Infrastructure:

"Another report card, and no change or improvement in the last four years. Virginia's drinking water and wastewater infrastructure is stagnant. At Virginia American Water, our responsibility is clear: provide safe, clean, reliable and affordable water and wastewater service while investing in the systems that sustain the communities we serve. The urgency of this mission is highlighted by the recent ASCE 2026 Report Card for Virginia's Infrastructure, which outlines the state's drinking water grade as a C+ and wastewater grade as a D+, the same grades as the 2022 ASCE report.

The report card underscores the growing infrastructure challenges facing Virginia, including aging assets, recruiting and retaining licensed operators, and the need for greater climate resilience. These pressures reinforce the importance of continued, long-term investment in critical water and wastewater infrastructure and Virginia American Water plans to invest more than $360 million over the next 5 years to upgrade its water and wastewater systems to help ensure safe, reliable service for generations to come." 

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Virginia American Water
Virginia American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 115 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 365,000 people.

SOURCE American Water

Latest credit of over $6 brings total settlement refunds to nearly $37 per customer while the company continues PFAS treatment upgrades across Pennsylvania

, /PRNewswire/ -- Pennsylvania American Water announced that additional credits were recently applied to customers' bills as a result of the company's receipt of proceeds from settlements reached with manufacturers of per- and polyfluoroalkyl substances (PFAS).

On July 27, 2026, Pennsylvania American Water issued a $6.13 bill credit to all active water customer accounts as of July 24, 2026. The credit distributes recent settlement proceeds the company received from PFAS manufacturers to customers.

The credit is made possible through Pennsylvania Public Utility Commission (PUC) approval of Pennsylvania American Water's PFAS Litigation Universal Credit Rider, which allows the company to provide PFAS settlement proceeds directly to customers as they are received. Including this latest credit, customers have received a total of $36.89 per account from PFAS-related settlements to date.

The company remains in compliance with all PFAS drinking water standards and has completed PFAS treatment upgrades in several communities and plans to spend approximately $321 million to expand PFAS treatment across multiple water systems throughout Pennsylvania. For more information about PFAS and the steps Pennsylvania American Water is taking to address them, visit our PFAS information page.

About American Water 
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram. 

About Pennsylvania American Water 
Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 1,200 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 2.5 million people.

SOURCE American Water

More than $1 billion in planned system upgrades will strengthen water and wastewater infrastructure, while expanded affordability programs offer additional support for eligible customers

, /PRNewswire/ -- Pennsylvania American Water is encouraging customers to learn more about new water and wastewater rates taking effect this week and the company's expanded customer assistance program available to help eligible households manage their bills.

"The changes customers will see on their bills help continue to improve the safe, clean, reliable water and wastewater service they and their communities depend on every day," said Pennsylvania American Water President Justin Ladner. "We are focused on expanding customer assistance and helping customers access the support available to them if eligible, freeing up money for everyday household needs."

The new rates approved by the Pennsylvania Public Utility Commission (PUC) will support the company's ongoing plans to invest $1.2 billion through mid-2027 to modernize and strengthen its water and wastewater systems in communities across Pennsylvania. This infrastructure improvement plan includes replacing 117 miles of aging water main, continuing to eliminate lead service lines, and addressing contaminants of emerging concern such as PFAS in drinking water. The new rates will also support critical wastewater system upgrades, including the replacement of 32 miles of aging sewer main. 

Expanded Customer Assistance Available
Pennsylvania American Water has provided payment assistance to eligible customers through its H2O Help to Others Program™ for more than 35 years. Last year alone, customers received more than $16 million in discounts and $1.8 million in grants through the program.

As part of the PUC-approved rate change, Pennsylvania American Water will enhance its programs to provide additional support for qualified customers with past-due balances. The enhanced program will:

Increase monthly financial assistance from $25 to $40, helping eligible customers reduce past-due balances while staying on track with payments.
Allow enrolled eligible customers to earn monthly arrearage forgiveness credits for each complete payment made while enrolled in the program, regardless of timeliness.
Provide eligible customers with an opportunity to receive complete arrearage forgiveness over a 24-month period.
Apply retroactive credits to participating households once their in-program balance has been paid in full.

"While these investments are necessary to continue delivering high-quality water and wastewater services, we remain committed to helping customers facing financial challenges," Ladner continued. "These enhancements will provide eligible customers with more opportunities to reduce past-due balances, maintain service, and improve household affordability."

In partnership with Dollar Energy Fund, Pennsylvania American Water offers a simple three-step process to help customers determine eligibility. Customers can first use the online income calculator, then review eligibility requirements, and lastly apply for assistance. These programs are designed to provide additional support and improve affordability for qualifying households.

Understanding the New Rates
Under the PUC-approved rates, the typical residential water customer will see an increase of approximately $3 per month. Customers served by sanitary wastewater systems will see an increase of approximately $14 per month, while customers served by combined stormwater and wastewater systems will see an increase of approximately $17 per month.

Customers can find information about their specific rate zone, estimated bill impacts, and customer assistance programs at pennsylvaniaamwater.com/rates and in upcoming bill communications.

"Water and wastewater service is something families rely on every day," Ladner said. "Our responsibility is to make smart upgrades that keep service safe and reliable while connecting customers to programs that can help when they need it most."

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 1,200 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 2.5 million people.

SOURCE American Water

Second quarter 2026 GAAP earnings were $1.61 per share, compared to $1.48 per share in 2025; year-to-date 2026 earnings were $2.61 per share, compared to $2.53 per share in 2025 Second quarter 2026 adjusted (non-GAAP) earnings of $1.61 per share, compared to $1.49 per share in the same quarter in 2025 and year-to-date 2026 adjusted earnings of $2.62 per share, compared to $2.51 per share in the same period in 2025 2026 earnings per share guidance range of $6.02 to $6.12 affirmed; long-term targets affirmed Significant regulatory execution YTD on several fronts, including PA with new rates to go into effect August 13 2026 capital investment plan of $3.7 billion on track; approx. 52,000 customer connections added from acquisitions through June 30, which includes the Nexus Water systems Progress continues on proposed merger with Essential Utilities; three states have approved, settlement in principle reached in Texas, and integration planning progressing , /PRNewswire/ -- American Water Works Company, Inc. (NYSE: AWK) today reported adjusted results for the quarter ended June 30, 2026, of $1.61 per share, compared to $1.49 per share for the same quarter in 2025 and $2.62 per share for the year-to-date period ended June 30, 2026, compared to $2.51 per share for the same period in 2025.

"The company has delivered solid results for the first half of the year and we are pleased to have received a constructive decision in our Pennsylvania general rate case to begin the second half of 2026," said John Griffith, President and CEO of American Water. "We are also encouraged with the continuing progress we and Essential Utilities are making in merger integration planning and have received three state regulatory approvals for the merger so far," added Griffith.

2026 EPS Guidance and Long-Term Financial Targets Affirmed
The company affirms its 2026 adjusted earnings per share ("EPS") guidance range of $6.02 to $6.12 (non-GAAP). The 2026 adjusted EPS guidance range does not include (i) transaction costs to be incurred by the company during 2026 related to the proposed merger with Essential Utilities, Inc. ("Essential Utilities"), (ii) impacts of weather during 2026, and (iii) incremental interest income through February 13, 2026 related to the 2024 amendment of the former Homeowner Services Group ("HOS") secured seller note. Management is unable to present a reconciliation of the adjusted EPS guidance range to a GAAP guidance range without unreasonable effort because management cannot reliably predict the nature, amount or probable significance of all of such adjustments for future periods; however, these adjustments may, individually or in the aggregate, cause adjusted EPS to differ significantly from GAAP EPS. The company also affirms its long-term financial targets, including its long-term EPS and dividend growth rate targets of 7-9%. The company's earnings forecasts are subject to numerous risks and uncertainties, including, without limitation, those described under "Adjustments to GAAP" and "Cautionary Statement Concerning Forward-Looking Statements" below and under "Risk Factors" in its annual, quarterly, and current reports filed with the Securities and Exchange Commission ("SEC").

Consolidated Results and Adjusted Earnings Per Share Reconciliation (a non-GAAP measure)

For the Three Months Ended June 30,

For the Six Months Ended June 30,

2026

2025

2026

2025

Diluted earnings per share (GAAP):

Net income attributable to shareholders

$           1.61

$           1.48

$           2.61

$           2.53

Non-GAAP adjustments:

Estimated impact of weather

(0.01)

0.04

(0.01)

0.04

Income tax impact

—

(0.01)

—

(0.01)

Net non-GAAP adjustment

(0.01)

0.03

(0.01)

0.03

Incremental interest income from amended HOS seller note

—

(0.03)

(0.01)

(0.07)

Income tax impact

—

0.01

—

0.02

Net non-GAAP adjustment

—

(0.02)

(0.01)

(0.05)

Transaction costs associated with the pending merger with Essential Utilities

0.01

—

0.04

—

Income tax impact

—

—

(0.01)

—

Net non-GAAP adjustment

0.01

—

0.03

—

Total net adjustments

—

0.01

0.01

(0.02)

Adjusted diluted earnings per share (non-GAAP)

$           1.61

$           1.49

$           2.62

$           2.51

Revenue growth through the implementation of new rates for both the three- and six-month 2026 periods in the Regulated Businesses from the recovery of capital and acquisition investments was partially offset by increased operating costs and higher depreciation and financing costs to support the current capital investment plan.

During the first six months of 2026, the company invested $1.8 billion in infrastructure improvements and growth, including $346 million for regulated acquisitions. The company plans to invest a total of approximately $3.7 billion across its footprint in 2026, including acquisitions.

Regulated Businesses
In the second quarter of 2026, the Regulated Businesses' net income was $331 million, compared to $288 million for the same period in 2025. For the first six months of 2026, the Regulated Businesses' net income was $539 million, compared to $489 million for the same period in 2025.

Operating revenues increased $90 million and $152 million for the three and six months ended June 30, 2026, as compared to the same period in 2025. The increase in operating revenues was primarily a result of authorized revenue increases from completed general rate cases and infrastructure proceedings for the recovery of incremental capital and acquisition investments, as well as incremental revenue from closed acquisitions.

Since January 1, 2026, the company has been authorized additional annualized revenues of $216 million, with $111 million from general rate cases and $105 million from infrastructure surcharges. The company has general rate cases in progress in six jurisdictions and has filed for an infrastructure surcharge in one jurisdiction, reflecting a total annualized incremental revenue request of $494 million.

Operating expenses were higher by $29 million and $73 million for the three and six months ended June 30, 2026, as compared to the same periods in 2025, due in part to increased production costs from higher purchased water cost and usage and increased purchased power and chemicals costs. Operating expenses also include depreciation expense, which was higher by $21 million and $42 million in the same periods, due to the increase in capital investment.

Interest expense was higher by $11 million and $23 million for the three and six months ended June 30, 2026, as compared to the same periods in 2025, as a result of incremental short and long-term debt primarily to fund capital investments.

Equity Forward Sale Agreements
In August 2025, the Company entered into separate forward sale agreements (the "Forward Sale Agreements") with several forward purchasers relating to an aggregate of 8,098,592 shares of the Company's common stock at an initial forward price of $139.657 per share. The Forward Sale Agreements provide for settlement on a settlement date or dates to be specified at the Company's discretion on or prior to December 31, 2026.

During June 2026, the Company elected to physically settle an aggregate of 3,403,756 shares at the applicable forward price provided in the relevant Forward Sale Agreements. The total net proceeds received by the Company from these settlements were $476 million.

As of June 30, 2026, 4,694,836 shares of the Company's common stock remain available for future settlement under the remaining Forward Sale Agreements. The Company intends to use any net cash proceeds that it may receive upon future settlement of the Forward Sale Agreements for general corporate purposes.

Dividends
On July 29, 2026, the company's Board of Directors declared a quarterly cash dividend payment of $0.8950 per share, payable on September 1, 2026, to shareholders of record as of August 11, 2026.

2026 Second Quarter Earnings Conference Call
The conference call to discuss the second quarter 2026 earnings, 2026 adjusted EPS guidance, and affirmation of long-term targets will take place on Thursday, July 30, 2026, at 9 a.m. Eastern Time. Interested parties may listen to an audio webcast through a link on the company's Investor Relations website at ir.amwater.com. Presentation slides that will be used in conjunction with the earnings conference call will also be made available online in advance at ir.amwater.com. The company recognizes its website as a key channel of distribution to reach public investors and as a means of disclosing material non-public information to comply with its obligations under SEC Regulation FD.

Following the earnings conference call, a replay of the audio webcast will be available for one year on American Water's Investor Relations website at ir.amwater.com/events.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

Throughout this press release, unless the context otherwise requires, references to the "company" and "American Water" mean American Water Works Company, Inc. and all of its subsidiaries, taken together as a whole. All statements related to earnings and earnings per share refer to diluted earnings and earnings per share.

Adjustments to GAAP
This press release includes presentations of consolidated adjusted diluted EPS, both as historical financial information and as earnings guidance. These presentations of adjusted EPS constitute "non-GAAP financial measures" under SEC rules. The most directly comparable GAAP measure for historical adjusted EPS is the reported diluted earnings per share (GAAP) and is reconciled in "Consolidated Results and Adjusted Earnings Per Share Reconciliation" above. See also "2026 EPS Guidance and Long-Term Financial Targets Affirmed" above for more information on adjustments made to diluted EPS for purposes of earnings guidance.

These non-GAAP financial measures are derived from the company's consolidated financial information but are not presented in the financial statements prepared in accordance with GAAP. These measures should be considered in addition to, and not as a substitute for, measures of financial performance prepared in accordance with GAAP. The company believes that these non-GAAP measures provide investors with useful information by excluding certain matters that may not be indicative of the company's ongoing operating results, and, with respect to weather, to provide for a measure of the company's operating performance without the variability of estimated weather impacts, and that providing these non-GAAP measures will allow investors to better understand the businesses' operating performance and facilitate a meaningful year-to-year comparison of the company's results of operations. Although management uses these non-GAAP financial measures internally to evaluate the company's results of operations, management does not intend results reflected by these non-GAAP measures to represent results as defined by GAAP, and the reader should not consider them as indicators of performance. In addition, these non-GAAP financial measures as defined and used above may not be comparable to similarly titled non-GAAP measures used by other companies, and, accordingly, they may have significant limitations on their use.

Cautionary Statement Concerning Forward-Looking Statements
Certain statements made, referred to or relied upon in this press release including, without limitation, 2026 adjusted earnings per share guidance, the company's long-term financial, growth and dividend targets, the ability to achieve the company's strategies and goals, customer affordability and acquired customer growth, the outcome of the company's current, future or completed acquisition activity (including, without limitation, with respect to the proposed merger with Essential Utilities and the acquisition of systems formerly owned indirectly by Nexus Water Group, Inc.), the amount and allocation of projected capital expenditures, the company's capital recovery outlook, and estimated revenues from rate cases and other government agency authorizations, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. In some cases, these forward-looking statements can be identified by words with prospective meanings such as "intend," "plan," "estimate," "believe," "anticipate," "expect," "predict," "project," "propose," "assume," "forecast," "outlook," "likely," "uncertain," "future," "pending," "goal," "objective," "potential," "continue," "seek to," "may," "can," "will," "should" and "could" or the negative of such terms or other variations or similar expressions. These forward-looking statements are predictions based on American Water's current expectations and assumptions regarding future events. They are not guarantees or assurances of any outcomes, financial results, levels of activity, performance or achievements, and readers are cautioned not to place undue reliance upon them. These forward-looking statements are subject to a number of estimates, assumptions, known and unknown risks, uncertainties and other factors. The company's actual results may vary materially from those discussed in the forward-looking statements included in this press release as a result of the factors discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent filings with the SEC, and because of factors such as: the decisions of governmental and regulatory bodies, including decisions to raise or lower customer rates; the timeliness and outcome of regulatory commissions' and other authorities' actions concerning rates, capital structure, authorized return on equity, capital investment, system acquisitions and dispositions, taxes, permitting, water supply and management, and other decisions; changes in customer demand for, and patterns of use of, water and energy, such as may result from conservation efforts, or otherwise; limitations on the availability of the company's water supplies or sources of water, or restrictions on its use thereof, resulting from allocation rights, governmental or regulatory requirements and restrictions, drought, overuse or other factors; a loss of one or more large industrial or commercial customers due to adverse economic conditions, or other factors; present and future proposed changes in laws, governmental regulations and policies, including with respect to the environment (such as, for example, potential improvements or changes to existing Federal regulations with respect to lead and copper service lines and galvanized steel pipe), health and safety, data and consumer privacy, security and protection, water quality and water quality accountability, contaminants of emerging concern (including without limitation per- and polyfluoroalkyl substances (collectively, "PFAS")), public utility and tax regulations and policies, and impacts resulting from U.S., state and local elections and changes in federal, state and local executive administrations; the company's ability to collect, distribute, use, secure and store consumer data in compliance with current or future governmental laws, regulations and policies with respect to data and consumer privacy, security and protection; weather conditions and events, climate variability patterns, and natural disasters, including drought or abnormally high rainfall, prolonged and abnormal ice or freezing conditions, strong winds, coastal and intercoastal flooding, pandemics and epidemics, earthquakes, landslides, hurricanes, tornadoes, wildfires, electrical storms, sinkholes and solar flares; the outcome of litigation and similar governmental and regulatory proceedings, investigations or actions; the risks associated with the company's aging infrastructure, and its ability to appropriately improve the resiliency of or maintain, update, redesign and/or replace, current or future infrastructure and systems, including its technology and other assets, and manage the expansion of its businesses; exposure or infiltration of the company's technology and critical infrastructure systems, including the disclosure of sensitive, personal or confidential information contained therein, through physical or cyber attacks or other means, and impacts from required or voluntary public and other disclosures, as well as civil class action and other litigation or legal, regulatory or administrative proceedings, related thereto; the company's ability to obtain permits and other approvals for projects and construction, update, redesign and/or replacement of various water and wastewater facilities; changes in the company's capital requirements; the company's ability to control operating expenses and to achieve operating efficiencies, and the company's ability to create, maintain and promote initiatives and programs that support the affordability of the company's regulated utility services; the intentional or unintentional actions of a third party, including contamination of the company's water supplies or the water provided to its customers; the company's ability to obtain and have delivered adequate and cost-effective supplies of pipe, equipment (including personal protective equipment), chemicals, power and other fuel, water and other raw materials, and to address or mitigate supply chain constraints that may result in delays or shortages in, as well as increased costs of, supplies, products and materials that are critical to or used in the company's business operations; the company's ability to successfully meet its operational growth projections, either individually or in the aggregate, and capitalize on growth opportunities, including, among other things, with respect to: acquiring, closing and successfully integrating regulated operations, including without limitation the company's ability to (i) obtain all required regulatory and other consents and approvals for such acquisitions, (ii) prevail in litigation or other challenges related to such acquisitions, and (iii) recover in rates the fair value of assets of the acquired regulated operations; the company's Military Services Group entering into new military installation contracts, price redeterminations, and other agreements and contracts, with the U.S. government; and realizing anticipated benefits and synergies from new acquisitions; in addition to the foregoing, various risks and other uncertainties associated with the company's merger agreement with Essential Utilities and the related proposed merger, including: a fixed exchange ratio that will not adjust or account for fluctuations in the company's or Essential Utilities' stock price; limitations on the parties' ability to pursue alternatives to the proposed merger; an event, change or other circumstance that could give rise to the termination of the merger agreement; a delay in the timing to consummate the proposed merger; each party's ability to obtain required governmental and regulatory approvals required for the proposed merger (and/or that such approvals may result in the imposition of burdensome or commercially undesirable conditions, including required dispositions, that could adversely affect the combined company or the expected benefits of the proposed merger); financial impacts of the proposed merger on the company and the combined company's earnings, earnings per share, financial condition, results of operations, cash flows and share price, and any related accounting impacts; any impact of the proposed merger on the company's and the combined company's ability to declare and pay quarterly dividends on its common stock; the risk of litigation related to the proposed merger; changes in the parties' key management and personnel; the amount and nature of incurred transaction costs associated with the proposed merger; and reduced ownership and voting interests for the company's and Essential Utilities' shareholders upon completion of the proposed merger; in addition to the foregoing, various risks and other uncertainties following the acquisition of certain water and wastewater systems from a subsidiary of Nexus Water Group, Inc., including: the final amount of the rate base of the acquired operations, and the amount of post-closing adjustments to the purchase price, if any, as contemplated by the acquisition agreement; and the various impacts and effects of the completion of, or actions taken by the company to complete, the acquisition, on the company's operations, strategy, guidance, expectations and plans with respect to its Regulated Businesses (considered individually or together as a whole), its current or future capital expenditures, its current and future debt and equity capital needs, dividends, earnings (including earnings per share), growth, future regulatory outcomes, expectations with respect to rate base growth, and other financial and operational goals, plans, estimates and projections; risks and uncertainties associated with contracting with the U.S. government, including ongoing compliance with applicable government procurement, security and cybersecurity regulations; cost overruns relating to improvements in or the expansion of the company's operations; the company's ability to successfully develop and implement new technologies and to protect related intellectual property; the company's ability to maintain safe work sites; the company's exposure to liabilities related to environmental laws and regulations, including those enacted or adopted and under consideration, and the substances related thereto, including without limitation copper, lead and galvanized steel, PFAS and other contaminants of emerging concern, and similar matters resulting from, among other things, water and wastewater service provided to customers; the ability of energy providers, state governments and other third parties to achieve or fulfill their greenhouse gas emission reduction goals, including without limitation through stated renewable portfolio standards and carbon transition plans; with respect to any of the Forward Sale Agreements: (i) the inability of the forward purchasers (or their affiliates) to perform their obligations thereunder, (ii) the timing and method of any settlement thereof, (iii) the amount and intended use of proceeds that may be received by the company from any such settlement, and (iv) the timing and amount of any common stock dilution resulting therefrom; changes in general economic, political, business and financial market conditions; access to sufficient debt and/or equity capital on satisfactory terms and as needed to support operations and capital expenditures; fluctuations in inflation or interest rates, and the company's ability to address or mitigate the impacts thereof; the ability to comply with affirmative or negative covenants in the current or future indebtedness of the company or any of its subsidiaries, or the issuance of new or modified credit ratings or outlooks by credit rating agencies with respect to the company or any of its subsidiaries (or any current or future indebtedness thereof), which could increase financing costs or funding requirements and affect the company's or its subsidiaries' ability to issue, repay or redeem debt, pay dividends or make distributions; fluctuations in the value of, or assumptions and estimates related to, its benefit plan assets and liabilities, including with respect to its pension and other post-retirement benefit plans, that could increase expenses and plan funding requirements; changes in federal or state general, income and other tax laws, and the imposition, utilization or change in economic tariffs (or any attempt or effort to do so), including (i) future significant tax legislation or regulations (including without limitation impacts related to the Corporate Alternative Minimum Tax), and (ii) the availability of, or the company's compliance with, the terms of applicable tax credits and tax abatement programs; migration of customers into or out of the company's service territories and changes in water and energy consumption resulting therefrom; the use by municipalities of the power of eminent domain or other authority to condemn the systems of one or more of the company's utility subsidiaries, including without limitation litigation, complaints and other proceedings with respect to the water system assets of the company's California subsidiary located in Monterey, California, or the assertion by private landowners of similar rights against such utility subsidiaries; any difficulty or inability to obtain insurance for the company, its inability to obtain insurance at acceptable rates and on acceptable terms and conditions, or its inability to obtain reimbursement under existing or future insurance programs and coverages for any losses sustained; the incurrence of impairment charges, changes in fair value and other adjustments related to the company's goodwill or the value of its other assets; labor actions, including work stoppages and strikes; the company's ability to retain and attract highly qualified and skilled employees and talent; civil disturbances or unrest, or terrorist threats or acts, or public apprehension about future disturbances, unrest, or terrorist threats or acts; and the impact of new, and changes to existing, accounting standards.

These forward-looking statements are qualified by, and should be read together with, the risks and uncertainties set forth above, and the risk factors included in the company's annual, quarterly and other SEC filings, and readers should refer to such risks, uncertainties and risk factors in evaluating such forward-looking statements. Any forward-looking statements the company makes shall speak only as of the date of this press release. Except as required by the federal securities laws, the company does not have any obligation, and it specifically disclaims any undertaking or intention, to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise. New factors emerge from time to time, and it is not possible for the company to predict all such factors. Furthermore, it may not be possible to assess the impact of any such factor on the company's businesses, either viewed independently or together, or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. The foregoing factors should not be construed as exhaustive.

AWK-IR

American Water Works Company, Inc. and Subsidiary Companies

Consolidated Statements of Operations (Unaudited)

(In millions, except per share data)

For the Three Months Ended June 30,

For the Six Months Ended June 30,

2026

2025

2026

2025

Operating revenues

$          1,355

$          1,276

$          2,562

$          2,418

Operating expenses:

Operation and maintenance

481

480

974

948

Depreciation and amortization

240

221

477

437

General taxes

92

86

178

173

Total operating expenses, net

813

787

1,629

1,558

Operating income

542

489

933

860

Other (expense) income:

Interest expense

(167)

(151)

(330)

(295)

Interest income

3

22

15

44

Non-operating benefit costs, net

5

4

10

8

Other, net

22

12

36

29

Total other (expense) income

(137)

(113)

(269)

(214)

Income before income taxes

405

376

664

646

Provision for income taxes

90

87

153

152

Net income attributable to common shareholders

$            315

$            289

$            511

$            494

Basic earnings per share:

Net income attributable to common shareholders

$           1.61

$           1.48

$           2.61

$           2.53

Diluted earnings per share:

Net income attributable to common shareholders

$           1.61

$           1.48

$           2.61

$           2.53

Weighted-average common shares outstanding:

Basic

196

195

196

195

Diluted

196

195

196

195

American Water Works Company, Inc. and Subsidiary Companies

Consolidated Balance Sheets (Unaudited)

(In millions, except share and per share data)

June 30, 2026

December 31, 2025

ASSETS

Property, plant and equipment

$          39,544

$          37,955

Accumulated depreciation

(7,627)

(7,379)

Property, plant and equipment, net

31,917

30,576

Current assets:

Cash and cash equivalents

191

98

Restricted funds

18

21

Accounts receivable, net of allowance for uncollectible accounts of $65 and $58, respectively

432

395

Income tax receivable

122

9

Unbilled revenues

512

433

Materials and supplies

110

112

Secured seller promissory note from the sale of the Homeowner Services Group

—

795

Other

324

328

Total current assets

1,709

2,191

Regulatory and other long-term assets:

Regulatory assets

1,176

1,132

Operating lease right-of-use assets

81

85

Goodwill

1,282

1,156

Other

288

302

Total regulatory and other long-term assets

2,827

2,675

Total assets

$          36,453

$          35,442

American Water Works Company, Inc. and Subsidiary Companies

Consolidated Balance Sheets (Unaudited)

(In millions, except share and per share data)

June 30, 2026

December 31, 2025

CAPITALIZATION AND LIABILITIES

Capitalization:

Common stock ($0.01 par value; 500,000,000 shares authorized; 204,215,977 and
200,605,170 shares issued, respectively)

$                2

$                2

Paid-in-capital

9,140

8,642

Retained earnings

2,911

2,575

Accumulated other comprehensive income

8

6

Treasury stock, at cost (5,487,769 and 5,428,008 shares, respectively)

(396)

(388)

Total common shareholders' equity

11,665

10,837

Long-term debt

14,043

12,777

Redeemable preferred stock at redemption value

3

3

Total long-term debt

14,046

12,780

Total capitalization

25,711

23,617

Current liabilities:

Short-term debt

1,499

1,588

Current portion of long-term debt

446

1,479

Accounts payable

326

378

Accrued liabilities

555

830

Accrued taxes

84

134

Accrued interest

147

140

Other

212

198

Total current liabilities

3,269

4,747

Regulatory and other long-term liabilities:

Advances for construction

481

435

Deferred income taxes and investment tax credits

3,456

3,190

Regulatory liabilities

1,416

1,416

Operating lease liabilities

70

74

Accrued pension expense

152

167

Other

223

166

Total regulatory and other long-term liabilities

5,798

5,448

Contributions in aid of construction

1,675

1,630

Commitments and contingencies

Total capitalization and liabilities

$          36,453

$          35,442

SOURCE American Water

Acquisition Adds 15,300 New Water Customers and 20 Employees; 
$25 Million in Planned Infrastructure Investments

, /PRNewswire/ -- New Jersey American Water today completed its acquisition of Gordon's Corner Water Company, adding approximately 15,300 water customer connections in portions of Marlboro, Manalapan and Colts Neck Townships to New Jersey American Water's footprint. Additionally, New Jersey American Water welcomes 20 employees from Gordon's Corner Water Company who have proudly provided water service to these customers prior to the acquisition.

New Jersey American Water welcomes its new team members from the former Gordon’s Corner Water Company. "We are pleased to officially welcome former Gordon's Corner customers and employees to New Jersey American Water," said Mark McDonough, President of New Jersey American Water. "This acquisition strengthens water service reliability in Monmouth County while providing customers with the benefits of being part of a larger water utility dedicated to safety, quality and affordability. Through more than $25 million in planned investments over the next five years, we will modernize critical infrastructure, enhance system resiliency and continue delivering high-quality water service to our new customers."

On October 21, 2025, New Jersey American Water announced its agreement to acquire Gordon's Corner Water Company, highlighting benefits for customers by helping to ensure adequate water supply to the area. Merging the system into New Jersey American Water's Coastal Operating Region service area will add additional redundancy in the region, which experiences increased demand for water during peak tourism and irrigation months. The New Jersey Board of Public Utilities approved the sale of the system on July 15, 2026.

"Our priority throughout this process has been ensuring a seamless transition for the customers and communities we serve," said David Ern, former President of Gordon's Corner Water Company. "We are proud of the service Gordon's Corner has provided over the years and confident that New Jersey American Water will continue that tradition while bringing additional resources, investment and customer programs."

As part of the agreement, New Jersey American Water will invest over $25 million in ongoing infrastructure improvements to the system within the first five years of ownership while maintaining affordable rates for customers. Anticipated improvements to the system include upgrading aging customer meters, fire hydrants, and water mains. In addition, New Jersey American Water will rehabilitate the water tank on Holiday Road in Manalapan and make several treatment and security improvements to the system. Further projects will be identified as New Jersey American Water continues its analysis of the system.

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, then select For New Customers. Former Gordon's Corner customers will now be able to take advantage of New Jersey American Water's customer service benefits, including its online account management portal, MyWater, as well as its H2O Help to Others program for qualifying customers needing help paying their bills.

New Jersey American Water remains focused on delivering industry-leading customer service, supporting environmental stewardship and ongoing infrastructure improvements as it continues to grow and serve more communities across the state. This is New Jersey American Water's eleventh acquisition in the last five years, adding more than 40,500 new water and/or wastewater customers.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About New Jersey American Water
New Jersey American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 875 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 3 million people.

For more information, visit www.newjerseyamwater.com and follow New Jersey American Water on LinkedIn, Facebook, X, and Instagram.

AWK-IR

SOURCE American Water

Low-interest funding helps keep customer costs down while advancing water quality

, /PRNewswire/ -- The Shapiro administration yesterday announced that Pennsylvania American Water was awarded grants and low-interest loans from the Pennsylvania Infrastructure Investment Authority (PENNVEST) totaling $64,106,000. The funding will support water infrastructure improvement projects in Allegheny, Cumberland and Susquehanna counties.

"At Pennsylvania American Water, we strive to provide our customers with high-quality, reliable water and wastewater services while also meeting environmental standards and state and federal regulations. We're thankful to PENNVEST for approving our funding requests and supporting us in that mission," said the company's vice president of engineering, Tony Nokovich. "These projects will have a positive impact on the service provided for our customers by enabling us to continue our efforts to improve water and infrastructure across the state."

A PENNVEST grant of $2,694,306 and loan of $6,205,694 will fund the replacement of approximately 575 identified lead and galvanized lead-impacted water service lines in Dormont Borough, Allegheny County. The removal of all leaded components will provide direct water quality improvements to customers and is consistent with regulatory and Pennsylvania American Water initiatives to eliminate lead-containing lines from the public water supply system. Learn more at pennsylvaniaamwater.com/leadfacts. The interest terms for the loan are 1.00% for the full 25.25-year loan period.

"I am proud to have advocated for this funding and look forward to the positive impact it will make in Dormont," said Pennsylvania State Senator Wayne Fontana. "Clean water infrastructure continues to be a priority of mine and when the state can partner with organizations such as Pennsylvania American Water to make that happen, it is good for everyone."

"This is an incredible investment for Dormont. Not only will it ensure that people have clean drinking water and infrastructure that will hold up for decades to come, but it will also protect residents from footing the bill of replacement, which is so important right now as costs are rising everywhere," said Pennsylvania State Representative Jen Mazzocco.

In Cumberland County, a PFAS project to construct a new per- and polyfluoroalkyl (PFAS) treatment system at the company's Silver Spring Water Treatment Plant, which serves customers across 12 municipalities, received a PENNVEST grant of $2,447,879 and loan of $27,758,121. The proposed upgrades will install new granular activated carbon filter vessels designed to help ensure water meets U.S. Environmental Protection Agency PFAS regulations going into effect in 2029. It will also include additional pump, electrical, back-up power, security and stormwater improvements required as part of the new treatment system. The interest terms for the loan are 1.743% for the first five years and 2.179% for the remainder of the 20-year loan period.

"Access to safe, reliable drinking water is absolutely essential," said Pennsylvania State Representative Thomas Kutz. "This $2.4 million state grant represents a significant investment in our community and in the roughly 85,000 people who depend on the Silver Spring Water Treatment Plant. I'm grateful to Pennsylvania American Water for its continued commitment to strengthening Cumberland County's water infrastructure and ensuring a dependable supply for generations to come."

Pennsylvania American Water's Susquehanna Water Treatment Plant construction project in Harmony Township received a $25,000,000 PENNVEST loan. Due to the significant age, ongoing maintenance requirements and concerns related to the structural integrity of the existing plant's facilities, a new water treatment plant will be constructed on nearby company property to serve the system's more than 4,200 customers. The interest terms for the loan are 1.00% for the first five years and 1.743% for the remainder of the 20-year loan period.

"Funding this project will ensure families in our community have safe, reliable drinking water by replacing aging infrastructure and modernizing treatment systems," said Pennsylvania State Senator Lisa Baker. "With PENNVEST's low‑interest financing, it delivers long-term health and affordability benefits for the 1,481 households who depend on this water supply."

"Every Pennsylvanian has a constitutional right to pure water, and my Administration is continuing that work by investing in projects that modernize aging water infrastructure, replace lead service lines, and address contaminants like PFAS," said Governor Josh Shapiro in the Commonwealth's official announcement. "PENNVEST is helping communities across the Commonwealth make these critical upgrades so more Pennsylvanians have clean, safe, reliable drinking water when they turn on the tap."

Since July 2024, PENNVEST has awarded Pennsylvania American Water more than $261.6 million in funding, including $29 million in grants and $231 million in low-interest loans to support statewide water and wastewater infrastructure projects. Learn more about this funding and how it helps the company reduce costs for its customers at pennsylvaniaamwater.com/pennvest.

About American Water 
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 1,200 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 2.5 million people.

SOURCE American Water

Acquisition Adds 930 New Water Customers; $7 Million in Planned Infrastructure Investments

, /PRNewswire/ -- New Jersey American Water today completed its acquisition of the water system of Hopewell Borough for $6.4 million. This former municipally owned system serves approximately 930 water customer connections and has been purchasing water from New Jersey American Water for a portion of the Borough's water supply since 2005. The New Jersey Board of Public Utilities today approved the municipal consent, allowing New Jersey American Water to provide water service to Hopewell Borough customers as of the closing of the transaction.

Photo Caption: New Jersey American Water President Mark McDonough (left) and Hopewell Borough Mayor Ryan Kennedy at the financial closing of the company’s acquisition of Hopewell Borough’s water system.

Photo Caption: New Jersey American Water President Mark McDonough (left) and Hopewell Borough Mayor Ryan Kennedy at the financial closing of the company’s acquisition of Hopewell Borough’s water system. The agreement to purchase the system was approved by voter referendum in November 2025. This agreement underscores New Jersey American Water's ongoing commitment to delivering safe, clean, reliable and affordable water and wastewater services. By integrating the new system into its operations, the company aims to enhance service reliability, advance infrastructure investments, and improve operational efficiency for Hopewell Borough's customers and this community.

"Following a thorough and thoughtful process with ample community input, we are confident this is the right path forward for Hopewell Borough," said Hopewell Borough Mayor Ryan Kennedy. "By partnering with New Jersey American Water, we are addressing long-term infrastructure needs today while securing dependable, high-quality service and stable rates for our community."

As part of the agreement, New Jersey American Water will invest $7 million in infrastructure improvements to the Hopewell Borough system within the first five years of ownership while keeping rates affordable for the system's customers. Anticipated improvements to the system include identifying and replacing all lead and galvanized steel service lines as well as upgrading aging customer meters, fire hydrants, and water mains. Additionally, New Jersey American Water will shut down the Borough's one operating well that has elevated PFAS levels and provide water to the community through the company's Canal Road and Raritan Millstone Water Treatment Plants which meet current state and federal safe drinking water standards. Further improvement projects will be identified as New Jersey American Water continues its analysis of the system.

"After providing water to Hopewell Borough through an interconnection for over two decades, we're proud to officially welcome the community into our footprint," said Mark McDonough, President of New Jersey American Water. "Our priority is to deliver safe, clean, reliable and affordable service for the 3 million people we serve statewide, including Hopewell. As the community's water provider, we'll start by stabilizing rates, making smart, targeted investments to strengthen the system, and working to address PFAS by first transitioning away from the system's existing well."

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. Hopewell Borough's residents will now be able to take advantage of the company's customer service benefits, including its online account management portal, MyWater, as well as its H2O Help to Others program for qualifying customers needing help paying their bills.

New Jersey American Water remains focused on delivering industry-leading customer service, environmental stewardship and ongoing infrastructure improvements as it continues to grow and serve more communities across the state. This is New Jersey American Water's tenth acquisition in the last five years, adding more than 25,000 new water and/or wastewater customers.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About New Jersey American Water
New Jersey American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 875 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 3 million people.

For more information, visit www.newjerseyamwater.com and follow New Jersey American Water on LinkedIn, Facebook, X, and Instagram.

SOURCE American Water