American Water Works

AWK Q2 2025 Earnings

Reported Jul 30, 2025 at 4:33 PM ET · SEC Source

Q2 25 EPS

$1.48

MISS 3.05%

Est. $1.53

Q2 25 Revenue

$1.28B

BEAT +3.91%

Est. $1.23B

vs S&P Since Q2 25

-20.4%

TRAILING MARKET

AWK -4.4% vs S&P +16.0%

Market Reaction

Did AWK Beat Earnings? Q2 2025 Results

American Water Works delivered a mixed second quarter for 2025, with a top-line beat overshadowed by a bottom-line miss as wet weather weighed on results. The regulated utility posted revenue of $1.28 billion, up 11.1% year over year and ahead of the… Read more American Water Works delivered a mixed second quarter for 2025, with a top-line beat overshadowed by a bottom-line miss as wet weather weighed on results. The regulated utility posted revenue of $1.28 billion, up 11.1% year over year and ahead of the $1.23 billion consensus estimate by 3.91%, as authorized rate increases from completed general rate cases and infrastructure proceedings drove the gains. Earnings per share, however, came in at $1.48, falling short of the $1.53 consensus by 3.05%, with management attributing roughly $0.06 per share of the shortfall to unfavorable weather conditions, including wet weather in the current quarter and the absence of the warm, dry conditions that had lifted year-ago results. Rising employee, technology, and depreciation costs added further pressure on the bottom line. Looking ahead, the company narrowed its full-year 2025 weather-normalized EPS guidance to $5.70 to $5.75 and reaffirmed long-term EPS and dividend growth targets of 7% to 9%, while announcing an agreement to acquire Nexus Water Group systems adding approximately 87,000 customer connections across eight states.

Key Takeaways

  • Authorized revenue increases from completed general rate cases and infrastructure proceedings
  • Recovery of incremental capital and acquisition investments
  • Incremental revenue from closed acquisitions
  • $270 million in additional annualized revenues authorized since January 1, 2025
  • Net unfavorable weather impact of approximately $0.06 per share in Q2 2025 vs Q2 2024
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AWK YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

“The company delivered solid results for the first half of the year. We are excited about the outlook for growth in the business, the foundation of which is continued investment in the communities we currently serve.”

— John Griffith, Q2 2025 Earnings Press Release