History of American Water Works in Timeline

American Water is a publicly traded utility company in the United States. Through its subsidiaries, it delivers both water and wastewater services to customers across the country. It is a key provider of these essential services.

1914: Name Change

In 1914, American Water Works and Guarantee Company was reorganized and became American Water Works and Electric Company.

1947: Reorganization

In 1947, American Water Works and Electric Company was reorganized as American Water Works Company, Inc.

2003: Establishment of 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 initiative involves a 50-year contract to deliver water and wastewater utility services at 18 military installations in the U.S.

December 2018: Headquarters Relocation

In December 2018, American Water relocated its headquarters to Camden, New Jersey. The company has approximately 6,500 professionals providing drinking water, wastewater, and related services to over 14 million people across 24 U.S. states.

October 2021: Sale of Homeowner Services Group

In October 2021, American Water divested its homeowner services group to Apax Partners, a global private equity firm, for $1.27 billion.

May 2022: Acquisition of Wastewater System Assets

In May 2022, Pennsylvania American Water, a division of American Water, acquired the wastewater system assets for the City of York for $235.3 million.

2023: Sustainability Report

In 2023, American Water published its eighth Sustainability Report, showcasing its leadership and achievements in environmental, social, and governance (ESG) principles.

2023: Earnings Per Share

In 2023, American Water reported earnings of $4.90 per share.

October 2024: Acquisitions Completed

In October 2024, American Water completed five acquisitions across Illinois, New Jersey, and Virginia, adding approximately 33,400 customer connections.

2024: Capital Investment Plan

By the second quarter of 2024, American Water's capital investment plan reached $3.1 billion, adding approximately 43,000 customer connections through acquisitions and organic growth as of June 30.

2024: Financial Report

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.