History of American Water Works in Timeline
American Water is a publicly traded utility company operating in the United States. Through its subsidiaries, it delivers both water and wastewater services to residential, commercial, and industrial customers. As a utility, it is subject to regulatory oversight, which influences its rates and operations. The company focuses on providing reliable and essential water and wastewater services across its service areas.
1914: Name change to American Water Works and Electric Company
In 1914, American Water Works and Guarantee Company changed its name to American Water Works and Electric Company.
1947: Reorganization as American Water Works Company, Inc.
In 1947, the company was reorganized as American Water Works Company, Inc.
2003: Establishment of American Water Military Services Group
In 2003, American Water established the American Water Military Services Group, partnering with the Department of Defense through the Utilities Privatization (UP) Program. This program involves a 50-year contract to provide water and wastewater utility services at 18 military installations in the U.S.
September 2008: Acquisition of Fayetteville Water and Wastewater Systems
In September 2008, West Virginia American Water completed the acquisition of the Fayetteville water and wastewater systems.
May 2013: Agreement to Acquire Dale Service Corporation
In May 2013, Virginia American Water signed an agreement to acquire Dale Service Corporation, a wastewater utility serving Dale City.
October 2016: Acquisition of New Cumberland's Wastewater System
In October 2016, Pennsylvania American Water completed the acquisition of New Cumberland's wastewater system.
July 2017: Acquisition of Oxbow Marina Mutual Water Company
In July 2017, California American Water acquired the Oxbow Marina Mutual Water Company in Sacramento.
July 2017: Acquisition of Forest Homes–Maple Park Public Water District
In July 2017, Illinois American Water acquired the Forest Homes–Maple Park Public Water District.
September 2017: Acquisition of Piasa Township Sanitary District
In September 2017, Illinois American Water acquired the Piasa Township Sanitary District.
November 2017: Acquisition of Georgetown Water
In November 2017, Indiana American Water acquired Georgetown Water, a municipal water utility in southern Indiana.
December 2018: Headquarters Relocation
In December 2018, American Water relocated its headquarters to Camden, New Jersey. The company, with about 6,700 professionals, provides drinking water, wastewater, and related services to over 14 million people across 18 U.S. states.
December 2018: Acquisition of Sheridan's Water and Wastewater Systems
In December 2018, the company announced the acquisition of the Town of Sheridan's water and wastewater systems in central Indiana.
October 2019: Acquisition of Steelton Borough Authority's Water Assets
In October 2019, the company acquired the water assets of the Steelton Borough Authority.
November 2019: Acquisition of Godfrey's Wastewater System
In November 2019, the company acquired the Village of Godfrey's wastewater system, adding approximately 6,200 wastewater customers to its Southern Illinois service area.
February 2020: Acquisition of Fruitridge Vista Water Company
In February 2020, the company acquired the operating assets of Fruitridge Vista Water Company, becoming the water provider for approximately 4,800 customers.
October 2020: Acquisition of Jerseyville's Water and Wastewater Systems
In October 2020, the company acquired the City of Jerseyville's water and wastewater systems for $43.25 million.
September 2021: Acquisition of East Pasadena Water Co.
In September 2021, the company acquired East Pasadena Water Co., a family-owned utility serving homes and businesses in Pasadena.
November 2021: Acquisition of Valley Township's Water and Wastewater System Assets
In November 2021, the company acquired the water and wastewater system assets of Valley Township, Chester County.
February 2022: Acquisition of Bound Brook Wastewater Collection System
In February 2022, New Jersey American Water acquired the wastewater collection system of the Borough of Bound Brook for $5 million.
May 2022: Acquisition of City of York Wastewater System Assets
In May 2022, the company acquired the wastewater system assets for the City of York for $235.3 million.
June 2022: Acquisition of Upper Pottsgrove Township Wastewater System Assets
In June 2022, the company completed the acquisition of the wastewater system assets of Upper Pottsgrove Township, Montgomery County.
July 2022: Acquisition of Jefferson Utilities
In July 2022, the company acquired Jefferson Utilities for $30 million.
August 2022: Acquisition of Eureka's Water and Wastewater Systems
In August 2022, Missouri American Water completed the acquisition of the City of Eureka's water and wastewater systems, serving approximately 4,000 water customers and 4,000 wastewater customers.
September 2022: Acquisition of Warring Water Services, Inc.
In September 2022, the company acquired Warring Water Services, Inc., a privately owned water utility in Piru, California, for $4.6 million.
November 2022: Acquisition of Blue Grass Wastewater System
In November 2022, Iowa American Water acquired the City of Blue Grass wastewater system for $2 million.
December 2022: Acquisition of Rosiclare's Water Distribution Assets
In December 2022, the company acquired the water distribution assets of the City of Rosiclare, Illinois, for $2.7 million.
June 2023: Acquisition of Egg Harbor City Water and Wastewater Systems
In June 2023, the company completed the acquisition of the water and wastewater systems of Egg Harbor City, New Jersey, for $21.8 million.
August 2023: Acquisition of E.L. Goddard, Inc.'s Water Systems
In August 2023, the company completed the acquisition of the water systems owned and operated by E.L. Goddard, Inc. for $375,000.
September 2023: Acquisition of Audubon Water Company
In 2023, the company acquired Audubon Water Company for $8 million.
September 2023: Agreement to Acquire Appalachian Utilities, Inc.
In September 2023, the company reached an agreement to acquire Appalachian Utilities, Inc.
October 2023: Acquisition of Somerville's Wastewater Collection System
In October 2023, the company acquired the Borough of Somerville's wastewater collection system for $7 million.
2023: Publication of Eighth Sustainability Report
In 2023, American Water published its eighth Sustainability Report, highlighting its leadership and achievements in environmental, social, and governance (ESG) principles.
2023: Earnings Per Share Reported
In 2023, American Water reported earnings of $4.90 per share.
April 2024: Acquisition of Cape Charles Drinking Water and Wastewater System Assets
In April 2024, the company completed the acquisition of the Town of Cape Charles, Virginia's drinking water and wastewater system assets for $15 million.
June 2024: Acquisition of Salem City's Water and Wastewater Systems
In June 2024, the company completed the acquisition of Salem City's water and wastewater systems for $18 million.
October 2024: Agreements for 22 Acquisitions in Place
In October 2024, American Water has agreements in place for 22 acquisitions in eight states—California, Indiana, Illinois, Maryland, Missouri, New Jersey, Pennsylvania, and West Virginia—which are expected to add about 43,400 customer connections upon completion.
October 2024: Approval to Acquire Severn Water Company
In October 2024, Maryland American Water received approval from the Maryland Public Service Commission to acquire the drinking water assets of the Severn Water Company for about $1.6 million.
October 2024: Acquisition of Butler Area Sewer Authority Wastewater System
In October 2024, the company completed the purchase of the Butler Area Sewer Authority wastewater system for $230 million.
November 2024: Acquisition of Farmington Township Water and Wastewater System
In November 2024, the company completed the acquisition of the Farmington Township water and wastewater system in Clarion County.
November 2024: Agreement to Acquire Manville Sewer System
In November 2024, the company signed an agreement to acquire the Manville Sewer System for $6.5 million.
2024: Capital Investment Plan Reached $3.1 Billion
By the second quarter of 2024, American Water's capital investment plan reached $3.1 billion, with approximately 43,000 customer connections added through acquisitions and organic growth as of June 30.
2024: Earnings and Dividend Growth
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.
2024: Earnings Per Share Reported
In 2024, American Water's earnings per share was $0.95 during the same period.
2024: Second Quarter Net Income Reported
In the second quarter of 2024, American Water reported net income of $277 million, or $1.42 per share.
February 2025: Acquisition of West San Martin Water Works
In February 2025, American Water completed its acquisition of the West San Martin Water Works system assets for $1.6 million.
March 2025: First Quarter Earnings and Dividend Declaration
In March 2025, American Water reported first-quarter earnings of $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. Revenue for the quarter ended March 2025 was $1.14 billion, compared to $1.01 billion a year earlier.
March 2025: Agreement to Acquire South Orange Village Water System
In March 2025, the company signed an agreement to acquire the South Orange Village water system for $19.7 million.
April 2025: Acquisition of Alfred Vail Mutual Association Water System
In April 2025, the company acquired the Alfred Vail Mutual Association water system in Shrewsbury Township.
May 14, 2025: CEO M. Susan Hardwick Retired
On May 14, 2025, CEO M. Susan Hardwick retired from American Water, and John Griffith, President of American Water, succeeded her.
May 2025: Acquisition of Mesa Del Sol water system
In May 2025, the company acquired the Mesa Del Sol water system in the Corral de Tierra area of Salinas.
June 2025: Acquisition of Manwalamink Water and Sewer Company's Systems
In June 2025, the company completed the acquisition of Manwalamink Water and Sewer Company's water and wastewater systems.
June 2025: Agreement to Acquire City of Pittston's Wastewater Collection System
In June 2025, the company signed an agreement to acquire the City of Pittston's wastewater collection system for $26.4 million.
July 1, 2025: Agreements to Acquire Indian Creek Valley Water Authority and Sutersville-Sewickley Municipal Sewage Authority
On July 1, 2025, the company entered into agreements to acquire the Indian Creek Valley Water Authority and the Sutersville-Sewickley Municipal Sewage Authority for a combined $36.05 million, involving approximately 2,700 water connections and 500 wastewater connections.
July 2025: Agreement to Acquire Nexus Water Group
In July 2025, American Water announced an agreement to acquire Nexus Water Group, which operates in eight states and has about 87,000 customer connections under agreement.
July 2025: Participation in NARUC Summer Policy Summit
In July 2025, American Water participated in the National Association of Regulatory Utility Commissioners (NARUC) Summer Policy Summit.
August 2025: Acquisition of Bass Lake Water Company system
In August 2025, the company completed its acquisition of the Bass Lake Water Company system.
October 2025: Agreement to Acquire Essential Utilities
In October 2025, American Water agreed to acquire Essential Utilities in an all-stock merger, creating a combined company valued at $63 billion, including debt. Upon completion of the deal, expected in early 2027, American Water shareholders would own about 69% of the combined company, with Essential shareholders owning the remainder.
October 2025: Agreement to Acquire Gordon's Corner Water Co.
In October 2025, the company agreed to acquire the Camden-based Gordon's Corner Water Co., a privately owned water company serving approximately 15,000 customers in parts of Colts Neck, Manalapan, and Marlboro Townships.
2025: Second Quarter Net Income and Revenue Increase
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.
2025: Third Quarter Earnings and Guidance
In the third quarter of 2025, American Water's 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.
2026: 2026 EPS Guidance Initiated
In the third quarter of 2025, American Water initiated 2026 EPS guidance, reflecting growth of 8%, projecting a range of $6.02 to $6.12.
2027: Expected Completion of Merger with Essential Utilities
The completion of the all-stock merger with Essential Utilities is expected to occur in early 2027.
2030: Capital Plan Announced
In the third quarter of 2025, American Water announced 2026-2030 capital plan of $19 to $20 billion.
2035: Issuance of Senior Notes
In February 2025, the company issued $800 million in 5.250% senior notes set to mature in 2035.
2035: Capital Plan Announced
In the third quarter of 2025, American Water announced 2026-2035 capital plan of $46 to $48 billion.
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