AWK Q1 2026 Earnings
Reported Apr 29, 2026 at 4:32 PM ET · SEC Source
Q1 26 EPS
$1.01
MISS 7.40%
Est. $1.09
Q1 26 Revenue
$1.21B
BEAT +8.01%
Est. $1.12B
vs S&P Since Q1 26
-4.4%
TRAILING MARKET
AWK -2.3% vs S&P +2.1%
Market Reaction
Did AWK Beat Earnings? Q1 2026 Results
American Water Works delivered a mixed first quarter for 2026, clearing the revenue bar while falling short on the bottom line. The regulated water utility posted adjusted EPS of $1.01, coming in 7.40% below the $1.09 consensus estimate, even as reve… Read more American Water Works delivered a mixed first quarter for 2026, clearing the revenue bar while falling short on the bottom line. The regulated water utility posted adjusted EPS of $1.01, coming in 7.40% below the $1.09 consensus estimate, even as revenue climbed 5.7% year over year to $1.21 billion, beating expectations of $1.12 billion by 8.01%. The earnings shortfall traced primarily to rising costs below the operating line, with interest expense increasing $12.00 million and depreciation charges up $21.00 million from a year ago, squeezing net income attributable to common shareholders to $196.00 million from $205.00 million despite operating income improving to $391.00 million from $371.00 million. The revenue strength reflected authorized rate increases from completed general rate cases and infrastructure proceedings, consistent with the company's $3.70 billion full-year capital investment program. Management affirmed its 2026 adjusted EPS guidance range of $6.02 to $6.12 and maintained long-term EPS and dividend growth targets of 7-9%, signaling confidence in the regulated earnings trajectory ahead.
Key Takeaways
- • Authorized revenue increases from completed general rate cases and infrastructure proceedings
- • Incremental revenue from closed acquisitions
- • Recovery of capital and acquisition investments through new rates
AWK Forward Guidance & Outlook
American Water affirmed its 2026 adjusted EPS guidance range of $6.02 to $6.12 (non-GAAP), excluding transaction costs related to the proposed Essential Utilities merger, weather impacts, and incremental HOS seller note interest income. The company also affirmed its long-term EPS and dividend growth rate targets of 7-9%. Total capital investment is planned at approximately $3.7 billion for 2026, including acquisitions. The company has general rate cases in progress in five jurisdictions and has filed for an infrastructure surcharge in one jurisdiction, reflecting a total annualized revenue request of $518 million.
AWK YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“The company has delivered solid first quarter results and we are affirming our long-term targets for both earnings and dividend growth at 7 to 9 percent.”
— John Griffith, Q1 2026 Earnings Press Release
AWK Earnings Trends
AWK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AWK EPS Trend
Earnings per share: estimate vs actual
AWK Revenue Trend
Quarterly revenue: estimate vs actual
AWK Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $1.09 | $1.01 | -7.40% | $1.21B | +8.01% |
| Q4 25 MISS FY | $1.27 | $1.24 | -2.29% | $1.27B | -1.27% |
| FY Full Year | — | $5.64 | — | $5.14B | — |
| Q3 25 BEAT | $1.88 | $1.94 | +2.99% | $1.45B | +9.43% |
| Q2 25 MISS | $1.53 | $1.48 | -3.05% | $1.28B | +3.91% |