Companies /Utilities
American Water Works Co. Inc
NYSE: AWK Utilities - Regulated Water
$149.22
▼ $1.07 (−0.71%) today
Markets closed · 7:41pm ET

American Water Works (AWK) Q3 2026 Earnings

Reported Oct 28, 2026, 4:31pm ET · SEC source
$2.00
Miss −1.89%
EPS · est. $2.04 Adjusted

Adjusted EPS of $2.00 compares with GAAP diluted EPS of $1.94. It excludes an estimated weather impact of $0.04 per share (pre-tax; $0.03 net of tax) and Essential Utilities merger transaction costs of $0.04 per share (pre-tax; $0.03 net of tax).

$1.5B
Miss −2.85%
Revenue · est. $1.6B
1 quarter
Consecutive EPS misses

How Did AWK Stock React to Q3 2026 Earnings?

% change · around the report
−0.8%0+0.8%+1.6%Oct 28Oct 29report 4:31pm ETearnings−0.9%+1.7%
−0.8%0+0.8%+1.6%Oct 28Oct 29earnings−0.9%+1.7%
AWK +1.7%S&P 500 −0.9%
−2%0+2%Oct 28Oct 29report 4:31pm ETearnings−2.7%+1.7%
−2%0+2%Oct 28Oct 29earnings−2.7%+1.7%
AWK +1.7%NASDAQ −2.7%
−3%0+3%Oct 27Nov 3report 4:31pm ETearnings−1.9%+4.7%
−3%0+3%Oct 27Nov 3earnings−1.9%+4.7%
AWK +4.7%S&P 500 −1.9%
−4%0+4%Oct 27Nov 3report 4:31pm ETearnings−4.4%+4.7%
−4%0+4%Oct 27Nov 3earnings−4.4%+4.7%
AWK +4.7%NASDAQ −4.4%
+1.73%
Day of report
+1.52%
Next session
+7.18%
One week

Did AWK Beat Earnings? Q3 2026 Results

No. American Water Works reported Q3 2026 earnings of $2.00 a share on Oct 28, 2026, missing the $2.04 consensus estimate by 1.9%. Revenue was $1.5B against a $1.6B estimate.

American Water Works delivered a mixed third-quarter 2026 report, falling short of Wall Street expectations on both the top and bottom lines as weather headwinds and rising costs weighed on results. Adjusted EPS came in at $2.00, missing the $2.04 consensus by 1.89%, while revenue of $1.51 billion trailed estimates of $1.55 billion by 2.85%, though it still represented 4.1% growth year over year. The primary driver of the quarter was new customer rates in the Regulated Businesses, where rate authorizations helped lift segment net income to $407 million from $383 million a year ago; however, unfavorable weather alone reduced revenue by $18 million, and higher depreciation, financing and operating costs further pressured margins. On a GAAP basis, diluted EPS held flat year over year at $1.94. Looking ahead, management narrowed its 2026 adjusted EPS guidance to $6.07 to $6.12 and initiated 2027 standalone guidance of $6.53 to $6.63, representing roughly 8% growth at the midpoint, with the Essential Utilities merger still targeted to close by the end of Q1 2027.

Key Takeaways
  • Authorized revenue increases from completed general rate cases and infrastructure proceedings; Regulated Businesses operating revenues up $60 million in Q3
  • Incremental revenue from closed acquisitions, including the Nexus Water systems
  • New rates in effect in Q3 in Pennsylvania and New Jersey
  • Unfavorable weather reduced Q3 operating revenues by $18 million
  • Operating expenses up $30 million on higher purchased water, power and chemicals costs; depreciation up $18 million
  • Interest expense up $9 million from incremental debt to fund capital investments and acquisitions
  • Interest income declined to $3 million from $23 million following the end of incremental interest on the HOS seller note
  • Regulated Businesses net income of $407 million vs. $383 million a year ago

“The company has delivered solid results to date in 2026, including key regulatory outcomes that provide for a reasonable and timely return on the investments made for the benefit of our customers.”

American Water Works CEO, on the earnings call

What Is American Water Works's Outlook?

2026 guidance and longer-term plans: - **2026 adjusted EPS:** narrowed to $6.07–$6.12 from $6.02–$6.12. The range excludes merger transaction costs, weather impacts and incremental HOS seller note interest income through February 13, 2026. - **2027 standalone adjusted EPS:** new range of $6.53–$6.63, representing 8% growth at the midpoint versus the 2026 range. - **Long-term standalone targets (affirmed):** EPS growth of 7–9%, rate base growth of 8–9% including acquisitions, acquired customer addition growth of 2%, and dividend per share growth of 7–9%. - **Capital investment plan:** about $3.7 billion in 2026 and $4.1 billion in 2027; $20+ billion for 2026–2030 and $48+ billion for 2026–2035. - **Essential Utilities merger:** expected to close by the end of Q1 2027.

AWK YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$500.0M$1.0B$1.5B$1.5B$1.5BRevenue$614.0M$641.0MOperating Income$379.0M$387.0MNet Income
$0$500.0M$1.0B$1.5BRevenueOperating IncomeNet Income
AWK income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $1.5B $1.5B +4.1%
Operating Income $641.0M $614.0M +4.4%
Net Income $387.0M $379.0M +2.1%

Figures from SEC filings and company reports. Not investment advice.