Utilities - Regulated Water
Industry
|
Utilities
Sector
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Ms. M. Susan Hardwick
CEO
|
NYSE
Exchange
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US0304201033
ISIN
|
US
Country
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6,500
Employees
|
3 Jun 2024
Last Dividend
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26 Jul 1996
Last Split
|
23 Apr 2008
IPO Date
|
American Water Works Company, Inc., is a prominent provider of water and wastewater services in the United States, with a rich history dating back to 1886. Headquartered in Camden, New Jersey, the company plays a critical role in managing water resources across 14 states through its extensive network of subsidiaries. Catering to approximately 3.5 million active customers within about 1,700 communities, American Water Works Company, Inc., stands out for its comprehensive range of services aimed at residential, commercial, and industrial sectors, as well as public authorities and other utilities. By focusing on the sustainable management and operation of water and wastewater facilities, the company significantly contributes to the well-being of the communities it serves, ensuring reliable access to essential water services.
These services are tailored to meet the daily needs of households and commercial entities, including food and beverage providers, commercial property developers, and energy suppliers. American Water Works provides essential water supply and wastewater disposal, contributing to the smooth operation of residential homes and various commercial operations.
The company also offers specialized services for fire protection, catering both to public firefighting entities and private fire protection systems. This includes ensuring reliable water flow and pressure for firefighting purposes, which is critical for safety in residential areas and commercial establishments.
Large-scale manufacturers, mining operations, and production facilities require substantial quantities of water. American Water Works supplies water for these industrial activities, supporting sectors that are essential for the economy while ensuring stringent management of water resources.
American Water Works extends its water and wastewater management services to public authorities, covering government buildings, schools, universities, and other public facilities. This ensures that public sector establishments have access to clean and reliable water services, maintaining hygiene and operational efficiency.
The company provides tailored water and wastewater services to military bases, ensuring that these critical national security locations have uninterrupted access to water for myriad uses, ranging from daily consumption to specialized military applications.
American Water Works engages in contracts with municipal customers to operate and manage water and wastewater facilities. This encompasses a wide range of services, including but not limited to, the operation, maintenance, and management of water treatment plants and distribution systems, highlighting the company's prowess in water infrastructure management.
With approximately 80 surface water treatment plants, 540 groundwater treatment plants, 175 wastewater treatment plants, and extensive distribution systems, including 53,700 miles of mains and pipes, 1,200 groundwater wells, and 1,100 treated water storage facilities, the company is deeply involved in the development and maintenance of water infrastructure. This expansive portfolio underscores American Water Works' capacity to manage water resources effectively and sustainably while catering to the needs of the communities it serves.