American Water Works

AWK Q3 2025 Earnings

Reported Oct 29, 2025 at 4:37 PM ET · SEC Source

Q3 25 EPS

$1.94

BEAT +2.99%

Est. $1.88

Q3 25 Revenue

$1.45B

BEAT +9.43%

Est. $1.33B

vs S&P Since Q3 25

-9.7%

TRAILING MARKET

AWK -1.8% vs S&P +7.9%

Market Reaction

Did AWK Beat Earnings? Q3 2025 Results

American Water Works delivered a strong third quarter for 2025, posting earnings per share of $1.94 against a consensus estimate of $1.88, a beat of roughly 2.99%, while revenue climbed to $1.45 billion, topping the $1.33 billion estimate by 9.43% an… Read more American Water Works delivered a strong third quarter for 2025, posting earnings per share of $1.94 against a consensus estimate of $1.88, a beat of roughly 2.99%, while revenue climbed to $1.45 billion, topping the $1.33 billion estimate by 9.43% and rising 9.7% from the year-ago period. The primary engine behind the results was higher regulated revenues from authorized rate increases designed to recover capital and acquisition investments, with the Regulated Businesses segment generating net income of $383 million compared to $356 million a year earlier. The quarter also carried strategic weight, as the company announced a definitive all-stock merger agreement with Essential Utilities that would create a combined entity with a pro forma market capitalization of approximately $40 billion. Looking ahead, management affirmed 2025 weather-normalized EPS guidance of $5.70 to $5.75 and initiated 2026 guidance of $6.02 to $6.12, representing 8% growth at the midpoint, while expanding its 2026-2030 capital investment plan to $19 billion to $20 billion to address infrastructure demands including EPA PFAS compliance.

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
  • Favorable weather impact of $0.03 per share in Q3 2025 vs $0.04 per share in Q3 2024
  • Incremental interest income from amended HOS seller note
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AWK YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

“The company delivered strong results to date in 2025. Looking forward to 2026 and beyond, we have demonstrated that we consistently execute on the plans we set, and we are fully confident in our ability to continue to deliver on our near-term and long-term growth and capital plans in this latest update.”

— John Griffith, Q3 2025 Earnings Press Release