Companies /Utilities

American Water Works Co. Inc

NYSE: AWK Utilities - Regulated Water
$140.89
▲ $1.40 (+1.00%) today
Markets closed · 6:47pm ET

Q1 2026 Earnings

Reported Apr 29, 2026, 4:32pm ET · SEC source
$1.01
Miss −7.40%
EPS · est. $1.09
$1.2B
Beat +8.01%
Revenue · est. $1.1B
−9.4%
Trailing market
AWK vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%Apr 29Apr 30report 4:32pm ETearnings+1.5%−2.7%
−3%0+3%Apr 29Apr 30earnings+1.5%−2.7%
AWK −2.7%S&P 500 +1.5%
−3%0+3%Apr 29Apr 30report 4:32pm ETearnings+1.7%−2.7%
−3%0+3%Apr 29Apr 30earnings+1.7%−2.7%
AWK −2.7%NASDAQ +1.7%
−3%0+3%Apr 28May 7report 4:32pm ETearnings+3.0%−3.2%
−3%0+3%Apr 28May 7earnings+3.0%−3.2%
AWK −3.2%S&P 500 +3.0%
−4%0+4%Apr 28May 7report 4:32pm ETearnings+5.6%−3.2%
−4%0+4%Apr 28May 7earnings+5.6%−3.2%
AWK −3.2%NASDAQ +5.6%
−2.69%
Day of report
−0.81%
Next session
−1.73%
One week
−3.69%
30 days

S&P 500 over the same 30 days: +5.69%.

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 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

“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.”

American Water Works CEO, on the earnings call

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 · SEC filings Q1 2025 Q1 2026
$0$400.0M$800.0M$1.2B$1.1B$1.2BRevenue$371.0M$391.0MOperating Income$205.0M$196.0MNet Income
$0$400.0M$800.0M$1.2BRevenueOperating IncomeNet Income

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