Dec. 4 at 8:34 AM
$WTRG has announced its merger with
$AWK, creating the largest water and wastewater operator in the United States. This is a massive transaction, serving over 5 million customers in 17 states and 18 military installations.
Essential shareholders are expected to exchange approximately one American Water share for every three Essential shares, representing an implied premium of nearly 10%. The new company is strongly focused on stable growth, dividends increasing between 7% and 9% annually, and a
$15 billion infrastructure investment plan. All of this will be achieved without impacting customer rates.
From an investor's perspective: a defensive utility, predictable cash flows, a stronger balance sheet, and a perfect profile for those seeking stability and dividends.
The transaction is expected to close in the first quarter of 2027, subject to regulatory and shareholder approval.
