American Water and Essential Utilities to Merge as a Leading Regulated U.S. Water and Wastewater Utility
American Water Works Company, Inc. (
NYSE: AWK) (“American Water”) and Essential Utilities, Inc. (
NYSE: WTRG) (“Essential”) today announced that each company’s board of directors has unanimously approved a definitive agreement to combine in an all-stock, tax-free merger as a leading regulated U.S. water and wastewater public utility with a pro forma market capitalization of approximately $40 billion and a combined enterprise value of approximately $63 billion, based on closing stock prices as of October 24, 2025.
