American Water Works Company, Inc.

The utility was founded in 1886 as the American Water Works & Guarantee Company. In 1914, American Water Works and Guarantee Company became American Water Works and Electric Company. In 1947 it was reorganized as American Water Works Company, Inc.

Since December 2018, the company has its headquarters in Camden, New Jersey, and has about 6,700 professionals who provide drinking water, wastewater and related services to over 14 million people in 18 U.S. states.

Most of American Water's services are locally managed utility subsidiaries that are regulated by the U.S. state in which each operates. American Water also owns subsidiaries that manage municipal drinking water and wastewater systems under contract and others that supply businesses and residential communities with water management products and services.

In 2003, American Water established the American Water Military Services Group, which partners with the Department of Defense through the Utilities Privatization (UP) Program. Through this program, the company has a 50-year contract to provides water and wastewater utility services at 18 military installations in the U.S.

In 2023, American Water published its eighth Sustainability Report, showcasing the company's leadership and achievements in environmental, social, and governance (ESG) principles. By the second quarter of 2024, their capital investment plan reached at $3.1 billion, with approximately 43,000 customer connections added through acquisitions and organic growth as of June 30.

In 2024, American Water reported earnings of $5.39 per share, up from $4.90 per share in 2023, and recorded a dividend growth of 8.1% for the year. It allocated $3.3 billion in capital towards addressing aging infrastructure, improving water quality, enhancing resiliency, and completing strategic acquisitions, which led to nearly 90,000 additional customer connections, 69,500 of which were through acquisitions. The company has maintained its long-term EPS and dividend growth targets of 7-9%. Additionally, CEO M. Susan Hardwick retired on May 14, 2025, and John Griffith, President of American Water, has succeed her.

In the first quarter of 2025, earnings were reported at $1.05 per share, up from $0.95 per share during the same period in 2024. The company maintained its earnings per share guidance for the year, projecting a range of $5.65 to $5.75. A quarterly cash dividend of $0.8275 per share was declared, scheduled for payment in June, reflecting an 8.2% increase from the previous dividend. In February, the company also issued $800 million in 5.250% senior notes set to mature in 2035. Revenue for the quarter ended March 2025 was $1.14 billion, compared to $1.01 billion a year earlier.

In the second quarter of 2025, American Water reported net income of $289 million, or $1.48 per share, compared with $277 million, or $1.42 per share, in the same period of 2024. Revenue increased to $1.28 billion from $1.15 billion, with the change attributed to its regulated businesses division. The company narrowed its 2025 earnings per share guidance to a range of $5.70 to $5.75, reaffirmed its long-term target of 7 to 9 percent annual growth in earnings and dividends, and declared a quarterly dividend of $0.83 per share.

In July 2025, the company participated in the National Association of Regulatory Utility Commissioners (NARUC) Summer Policy Summit.

In the third quarter of 2025, earnings were reported at $1.94 per share, up from $1.80 per share during the same period in 2024. The company affirmed long-term targets and 2025 EPS guidance, and initiates 2026 EPS guidance, reflecting growth of 8%, projecting a range of $6.02 to $6.12. The company also affirmed long-term targets, including long-term EPS and dividend per share compounded annual growth rates (CAGRs) of 7 to 9% and announced 2026-2030 capital plan of $19 to $20 billion and 2026-2035 capital plan of $46 to $48 billion.