John C. Griffith, President and Chief Executive Officer[1] Cheryl Norton, EVP and Chief Operating Officer David Bowler, EVP and Chief Financial Officer[2]
Stacy Mitchell, EVP and General Counsel Nicholas Furia, VP and Treasurer Karl F. Kurz, Board member Jeffrey Edwards, Director Kimberly J. Harris, Director Laurie P. Havanec, Director Julia L. Johnson, Director Patricia L. Kampling, Director Michael L. Marberry, Director Stuart M. McGuigan, Director[3] Lori Sutton, CHRO
California American Water Hawaii American Water Illinois American Water Indiana American Water Iowa American Water Kentucky American Water Maryland American Water Missouri American Water New Jersey American Water Pennsylvania American Water Tennessee American Water Virginia American Water West Virginia American Water American Water Military Services Group
The Iowa American Water Company plant in Davenport, Iowa, on the banks of the Mississippi River
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.[5]
Its regulated operations provide water and wastewater services to approximately 1,700 communities in 14 states, serving a population of approximately 14 million. The company has 3.4 million customers which includes residential, commercial, fire service and private fire, industrial, government facilities, and other water and wastewater utilities.[6]
The shares are traded on the NYSE under the ticker AWK.[5][7]
The utility was founded in 1886 as the American Water Works & Guarantee Company.[8] In 1914, American Water Works and Guarantee Company became American Water Works and Electric Company.[8] In 1947 it was reorganized as American Water Works Company, Inc.[9]
Since December 2018, the company has its headquarters in Camden, New Jersey,[10][11] and has about 6,700 professionals who provide drinking water, wastewater and related services to over 14 million people in 18 U.S. states.[12]
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.[13]
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.[14]
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.[15]
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.[16][17]
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.[18][19] Revenue for the quarter ended March 2025 was $1.14 billion, compared to $1.01 billion a year earlier.[20]
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.[21][22]
In July 2025, the company participated in the National Association of Regulatory Utility Commissioners (NARUC) Summer Policy Summit.[23]
In October 2025, the company 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.[24]
Acquisitions
American Water Works
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.[21]
California American Water
In July 2017, California American Water acquired the Oxbow Marina Mutual Water Company in Sacramento.[25]
In February 2020, California American Water acquired the operating assets of Fruitridge Vista Water Company and became the water provider for its approximately 4,800 customers.[26]
In September 2021, California American Water acquired East Pasadena Water Co., a family-owned company serving homes and businesses in Pasadena.[27]
In September 2022, California American Water acquired Warring Water Services, Inc., a privately owned water utility in Piru, California, for $4.6 million.[28]
In February 2025, California American Water completed its acquisition of the West San Martin Water Works system assets for $1.6 million.[29]
In May 2025, California American Water acquired the Mesa Del Sol water system in the Corral de Tierra area of Salinas.[30]
In August 2025, California American Water completed the acquisition of the Bass Lake Water Company system.[31]
Illinois American Water
In July 2017, Illinois American Water acquired the Forest Homes–Maple Park Public Water District.[32]
In September 2017, Illinois American Water acquired the Piasa Township Sanitary District.[33]
In November 2019, Illinois American Water acquired the Village of Godfrey’s wastewater system, adding approximately 6,200 wastewater customers to its Southern Illinois service area.[34]
In October 2020, Illinois American Water acquired the City of Jerseyville’s water and wastewater systems for $43.25 million.[35]
In December 2022, Illinois American Water acquired the water distribution assets of the City of Rosiclare, Illinois, for $2.7 million.[36]
Indiana American Water
In November 2017, Indiana American Water acquired Georgetown Water, a municipal water utility in southern Indiana.[37]
In December 2018, Indiana American Water announced the acquisition of the Town of Sheridan’s water and wastewater systems in central Indiana.[38]
Iowa American Water
In November 2022, Iowa American Water acquired the City of Blue Grass wastewater system for $2 million.[39]
Maryland American Water
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.[40]
Missouri American Water
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.[41]
New Jersey American Water
In February 2022, New Jersey American Water acquired the wastewater collection system of the Borough of Bound Brook for $5 million.[42]
In June 2023, New Jersey American Water completed the acquisition of the water and wastewater systems of Egg Harbor City, New Jersey, for $21.8 million.[43]
In October 2023, New Jersey American Water completed the acquisition of the Borough of Somerville, New Jersey’s wastewater collection system for $7 million.[44]
In June 2024, New Jersey American Water completed the acquisition of Salem City, New Jersey’s water and wastewater systems for $18 million.[45][46][47][48]
In November 2024, New Jersey American Water signed an agreement to acquire the Manville Sewer System for $6.5 million.[48][49]
In March 2025, New Jersey American Water signed an agreement to acquire the South Orange Village water system for $19.7 million.[50][51]
In April 2025, New Jersey American Water completed the acquisition of the Alfred Vail Mutual Association water system in Shrewsbury Township.[52][53][54]
Pennsylvania American Water
In October 2016, Pennsylvania American Water completed the acquisition of New Cumberland’s wastewater system.[55]
In October 2019, Pennsylvania American Water acquired the water assets of the Steelton Borough Authority.[56]
In November 2021, Pennsylvania American Water acquired the water and wastewater system assets of Valley Township, Chester County.[57]
In May 2022, Pennsylvania American Water acquired the wastewater system assets for the City of York for $235.3 million.[58]
In June 2022, Pennsylvania American Water completed the acquisition of the wastewater system assets of Upper Pottsgrove Township, Montgomery County.[59]
In September 2023, Pennsylvania American Water reached an agreement to acquire Appalachian Utilities, Inc.[60] In the same year, it acquired Audubon Water Company for $8 million.[61]
In October 2024, Pennsylvania American Water completed the purchase of the Butler Area Sewer Authority wastewater system for $230 million.[62][63][64]
In November 2024, Pennsylvania American Water completed the acquisition of the Farmington Township water and wastewater system in Clarion County.[48]
In June 2025, Pennsylvania American Water completed the acquisition of Manwalamink Water and Sewer Company's water and wastewater systems.[65] In the same month, it signed an agreement to acquire the City of Pittston’s wastewater collection system for $26.4 million.[66]
On July 1, 2025, Pennsylvania American Water entered into agreements to acquire the Indian Creek Valley Water Authority and the Sutersville-Sewickley Municipal Sewage Authority for a combined $36.05 million. The acquisition involves approximately 2,700 water connections and 500 wastewater connections.[67]
Virginia American Water
In May 2013, Virginia American Water signed an agreement to acquire Dale Service Corporation, a wastewater utility serving Dale City.[68]
In August 2023, Virginia American Water completed the acquisition of the water systems owned and operated by E.L. Goddard, Inc. for $375,000.[69]
In April 2024, Virginia American Water completed the acquisition of the Town of Cape Charles, Virginia’s drinking water and wastewater system assets for $15 million.[70][71]
West Virginia American Water
In September 2008, West Virginia American Water completed the acquisition of the Fayetteville water and wastewater systems.[72]
In July 2022, West Virginia American Water acquired Jefferson Utilities for $30 million.[73]
In October 2024, American Water completed five acquisitions across Illinois, New Jersey, and Virginia, adding approximately 33,400 customer connections. Additionally, the company 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.[75]
Utilities
The company owns 80 surface water treatment plants, 520 groundwater treatment plants, 190 wastewater treatment plants, 54,500 miles of pipes, 1,200 groundwater wells, 1,800 water and wastewater pumping stations, 1,100 treated water storage facilities, and 75 dams.[76] The company serves 14 million people with regulated operations in 14 states and on 18 military installations. Services provided by American Water's utilities are subject to regulation by multiple state utility commissions or other entities engaged in utility regulation. Federal, state and local governments also regulate environmental, health and safety, and water quality and water accountability matters.[13]
Awards
2024
American Water Ranks No. 1 in Utilities Industry on Forbes American's Best Large Employers 2024 List[77]
American Water has been included in the top 10% of America’s Most JUST Companies by JUST Capital and CNBC[78]
Disability Equality Index® (DEI) - Top Scoring Company for 5th consecutive year[80]
Newsweek’s 2023 list of America’s Most Responsible Companies #94[81]
Recognized as a 2023 Member of the Bloomberg Gender Equality Index - 5th straight year[82]
American Water received the 2023 WaterSense Excellence Award from the U.S. Environmental Protection Agency in October and ranked 18 on the Barron’s 100 Most Sustainable U.S. Companies 2023 list.[83]
↑ 13.013.1Cross, Gilbert (1991). A dynasty of water: the story of American Water Works Company. Camden, N.J.: American Water Works Co.. ISBN0961904917.