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Tidewater Utilities Announces Customer Bill Credit Using PFAS Litigation Proceeds
Globenewswire· 2026-02-27 21:05
DOVER, Del., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater), a water service provider and wholly owned subsidiary of Middlesex Water Company, today announced that it has received approval from the Delaware Public Service Commission (PSC) to refund approximately $1.1 million to customers through a one-time bill credit. The refund is funded by proceeds Tidewater received from litigation addressing per- and polyfluoroalkyl substances (“PFAS”) contamination. Tidewater will issue the one ...
Why Is Badger Meter (BMI) Up 8.1% Since Last Earnings Report?
ZACKS· 2026-02-27 17:30
Core Viewpoint - Badger Meter's recent earnings report showed mixed results, with a slight miss on EPS estimates but positive year-over-year growth in both EPS and net sales, indicating ongoing demand for its smart water management solutions [2][3][4]. Financial Performance - In Q4 2025, Badger Meter reported EPS of $1.14, missing the Zacks Consensus Estimate by 0.9%, but up from $1.04 in the same quarter last year [2]. - Quarterly net sales reached $220.7 million, a 7.6% increase from $205.2 million year-over-year, driven by higher utility water sales, although it fell short of the $230.8 million consensus estimate [2]. - For the full year 2025, sales totaled $916.7 million, reflecting an 11% year-over-year increase, while EPS rose approximately 13% to $4.79 from $4.23 in 2024 [3]. Operational Highlights - Management noted double-digit revenue growth, expanded profit margins, and record free cash flow conversion in 2025, supported by sustained demand for smart water management solutions [4]. - The successful completion of several Advanced Metering Infrastructure (AMI) projects and new projects set to begin in 2026 highlight the value proposition of Badger Meter's cellular AMI solution [5]. Segment Performance - Utility water sales increased by 9% year-over-year, with a 2% rise even when excluding SmartCover, driven by customer adoption of digital smart water solutions [7]. - Flow instrumentation sales remained flat year-over-year, as growth in water-focused end markets was offset by declines in de-emphasized applications [8]. Profitability Metrics - Gross profit for Q4 was $93 million, up from $82.8 million in the prior year, with a gross margin of 42.1%, an increase of 180 basis points year-over-year [9]. - Operating earnings rose around 10% year-over-year to $43.1 million, with operating margin expanding to 19.5% from 19.1% [9]. Cash Flow and Liquidity - In Q4 2025, Badger Meter generated $54.8 million in net cash from operating activities, compared to $52.1 million a year ago [12]. - As of December 31, 2025, the company had $226 million in cash and cash equivalents, with total current liabilities of $150.7 million [12]. Strategic Initiatives - The acquisition of SmartCover in early 2025 enhanced Badger Meter's portfolio with sewer monitoring and stormwater management capabilities, strengthening its long-term growth position [6]. - Badger Meter was selected to modernize Puerto Rico's water infrastructure, deploying its cellular AMI solution to improve operational efficiency and reduce non-revenue water for approximately 1.6 million service connections [11]. Future Outlook - Management expressed confidence in achieving high single-digit sales growth and continued operating margin expansion over the next five years, supported by the growth of its cellular AMI installed base and international expansion opportunities [13]. - However, estimates for the stock have been trending downward, indicating a potential below-average return in the coming months [15][17].
State American Water Announces More Than $200 Million Invested in 2025 Statewide Infrastructure Upgrades
Prnewswire· 2026-02-27 16:56
Core Insights - California American Water announced an investment of over $200 million for infrastructure upgrades in 2025, aimed at enhancing system reliability and water quality for customers [1] - The investment is expected to create more than 2,000 jobs and focuses on modernizing aging infrastructure to minimize service disruptions [1] Investment Details - The 2025 capital expenditure includes: - Main Replacement: $17.9 million for 10.6 miles - Water Treatment Plants improvements: $4.4 million, including $2.6 million for two new plants for iron and manganese removal in the Hillview service area - Hydrants & Valve Replacements: $4.2 million for approximately fifty-five hydrants and ninety valves [1] Company Overview - American Water is the largest regulated water and wastewater utility company in the U.S., serving over 14 million people across 14 states and 18 military installations [1] - California American Water, a subsidiary of American Water, provides services to approximately 750,000 people [1]
H2O America Announces Appointment of Nick O. Rowe to Board of Directors
Globenewswire· 2026-02-26 23:01
SAN JOSE, Calif., Feb. 26, 2026 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO) announces the appointment of Nick O. Rowe to the H2O America board of directors effective, Mar. 1. Rowe has been a leader in the drinking water industry for 39 years. Prior to his retirement in 2022, he was the senior vice president of American Water Works Company (American Water) and president of its subsidiary, Kentucky American Water Company. During his tenure at American Water, he held multiple executive leadership roles focus ...
Stay Informed: Never Miss a Notification from American Water
Prnewswire· 2026-02-26 20:29
Stay Informed: Never Miss a Notification from American Water [Accessibility Statement] Skip NavigationCustomers should update contact information now to help ensure receipt of emergency and general service alertsCAMDEN, N.J., Feb. 26, 2026 /PRNewswire/ -- American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., urges customers to update their contact information through its [online customer portal, MyWater], in order to receive notifications about emergency alerts ...
Pennsylvania American Water Announces Launch of American Water Charitable Foundation 2026 Water and Environment Grant Program
Prnewswire· 2026-02-26 19:32
Core Viewpoint - Pennsylvania American Water has launched the American Water Charitable Foundation's 2026 Water and Environment Grant Program, inviting community partners to apply for grants aimed at promoting clean water, conservation, environmental education, climate variability, and water-based recreation projects [1]. Group 1: Grant Program Details - The 2026 Water and Environment Grant Program encourages applications from community partners to support initiatives related to clean water and environmental education [1]. - In 2025, the American Water Charitable Foundation awarded a total of $1.7 million to 80 organizations across 12 states, including $205,000 to 19 organizations in Pennsylvania [1]. - The Foundation has invested over $25 million in funding through grants and matching gifts since its establishment in 2012, benefiting communities served by American Water [2]. Group 2: Community Impact - The grants support various projects, such as constructing playgrounds, distributing trees, expanding watershed education programs, and enhancing recreational destinations [1]. - The Foundation's focus is on three pillars: Water, People, and Communities, emphasizing the importance of local organizations in protecting water resources [2]. - Pennsylvania American Water serves approximately 2.5 million people, highlighting its commitment to environmental well-being and community collaboration [2].
Mueller Water Products (MWA) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2026-02-26 18:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...
Essential Utilities Q4 Earnings Beat Estimates, Revenues Rise Y/Y
ZACKS· 2026-02-26 18:36
Key Takeaways WTRG reports Q4 EPS of 47 cents, beating estimates, as revenues jump 15.7% year over year. Essential Utilities' water and gas segments post 8% and 23% revenue gains on higher rates and volumes. WTRG advances its merger with American Water Works; shareholders approve deal set to close by Q1'27. Essential Utilities Inc. (WTRG) reported fourth-quarter 2025 operating earnings per share (EPS) of 47 cents, which beat the Zacks Consensus Estimate of 36 cents by 30.56%. The bottom line decreased 29.85 ...
California Water Service Group Q4 Earnings & Revenues Miss Estimates
ZACKS· 2026-02-26 17:40
Key Takeaways CWT reported Q4 EPS of 19 cents, missing estimates and falling 42.4% year over year.CWT's revenues dipped 0.9% to $219.9M as operating and interest expenses climbed.California Water raised its dividend 10.71% and invested $517M in infrastructure in 2025.California Water Service Group (CWT) recorded fourth-quarter 2025 adjusted earnings of 19 cents per share, which missed the Zacks Consensus Estimate of 36 cents by 47.2%. The metric also missed the year-ago quarter’s 33 cents per share by 42.4% ...
Essential Utilities(WTRG) - 2025 Q4 - Earnings Call Transcript
2026-02-26 17:02
Essential Utilities (NYSE:WTRG) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Company ParticipantsBrian Dingerdissen - VP of Financial Planning and Analysis, Treasury, and Investor RelationsChristopher Franklin - Chairman and CEODaniel Schuller - EVP and CFOConference Call ParticipantsPaul Zimbardo - Managing Director and Research AnalystTravis Miller - Senior Equity AnalystOperatorStanding by. My name is Jericho, and I'll be your conference operator today. At this time, I would like to welcome everyo ...