In a trading update for the period from April 1 to July 18, the utility said its performance had been in line with its previously announced guidance.
“We have made a good start to the financial year and there has been no material change to current year business performance or outlook,” it said.
The group also said it was on track to deliver a previously announced £100mln reinvestment programme.
Severn Trent said its business plan for Ofwat's AMP7 requirements is “progressing well and we are confident we can present a plan this coming September which balances the needs of all of our stakeholders for the next regulatory period”.
Shares fell 1.5% to 1,852p in morning trading.