American Water Works Company (AWK) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for American Water Works Company.

Executives

Executive leadership at American Water Works Company.

John Griffith

Detailed

President and Chief Executive Officer

CEO

Cheryl Norton

Detailed

Executive Vice President and Chief Operating Officer

David Bowler

Detailed

Executive Vice President and Chief Financial Officer

Lori Sutton

Detailed

Senior Vice President and Chief Human Resources Officer

Stacy Mitchell

Detailed

Executive Vice President and General Counsel

Research analysts who have asked questions during American Water Works Company earnings calls.

Richard Sunderland

JPMorgan Securities LLC

5 questions for AWK

Also covers: AES, AQN, ATO +9 more

Paul Zimbardo

Jefferies Financial Group Inc.

4 questions for AWK

Also covers: ATO, CEG, DTE +11 more

Gregg Orrill

UBS Group AG

3 questions for AWK

Also covers: CMS, EIX, PCG +4 more

Jonathan Reeder

Wells Fargo Securities

3 questions for AWK

Also covers: AWR, CWT, HE +4 more

Agnieszka Storozynski

BofA Securities

2 questions for AWK

Also covers: AES, AGR, AY +11 more

Angie Storozynski

Seaport Research Partners

2 questions for AWK

Also covers: AGR, CEG, CMS +10 more

Anthony Crowdell

Mizuho Financial Group

2 questions for AWK

Also covers: AEE, AEP, AES +30 more

Durgesh Chopra

Evercore ISI

2 questions for AWK

Also covers: AEE, AEP, AES +22 more

Julien Dumoulin-Smith

Jefferies

2 questions for AWK

Also covers: AEE, AEP, AES +60 more

Greg Ory

UBS

1 question for AWK

Rui Zhai

Mizuho

1 question for AWK

Ru Jai

Mizuho

1 question for AWK

Latest news

Recent press releases and 8-K filings for AWK.

American Water Works reports Q4 2025 results

AWK

Earnings

Guidance Update

M&A

Adjusted EPS of $5.64 in 2025, up 8.9% from $5.18 in 2024, driven by authorized rate increases, acquisitions, and organic customer growth.
$3.2 billion invested in 2025 infrastructure, supporting a long-term 8%–9% rate base growth outlook.
Affirmed 2026 EPS guidance of $6.02–$6.12, targeting 8% annual growth through continued capital deployment.
Shareholders approved the merger with Essential Utilities; deal expected to close by end of Q1 2027.
Strong balance sheet with 59% debt-to-capital at year-end, investment-grade ratings affirmed, and 104,000 customer connections under acquisition agreement.

Feb 19, 2026, 2:00 PM

Transcript

American Water reports Q4 2025 results and 2026 guidance

AWK

Earnings

Guidance Update

M&A

Adjusted EPS of $5.64 in 2025 (up from $5.18 in 2024) reflecting 8.9% growth, driven by rate increases, acquisitions and organic customer growth.
2026 EPS guidance of $6.02–$6.12, targeting 8% growth and aligned with long-term 7%–9% EPS and dividend growth through 2030.
Entered into a definitive merger agreement with Essential Utilities, expected to close by end of Q1 2027, pending regulatory approvals.
Invested $3.2 billion of capital in 2025 and has 104,000 customer connections under agreement ($582 million) to support 2% annual customer growth.
Maintained strong financial position with 59% debt-to-capital at year-end, A-rated credit, and a planned ~$1 billion equity issuance in mid-2026 to fund growth.

Feb 19, 2026, 2:00 PM

Transcript

American Water reports Q4 2025 results and affirms 2026 guidance

AWK

Earnings

Guidance Update

M&A

Adjusted EPS of $5.64 for 2025, up 8.9% y/y versus 2024, with 2026 guidance set at $6.02–$6.12 per share (8% growth)
Invested $3.2 billion in infrastructure in 2025, targeting 8–9% regulated rate base growth and maintaining residential water bills below 1% of median household income
Completed six general rate cases in 2025 (e.g., Kentucky revenue increase of $18 million at 9.7% ROE) and filed new cases seeking $169 million (PA), $146 million (NJ) and $134 million (IL) of additional annual revenue
Ended 2025 with 59% debt-to-capital; expects to stay <60% with ~$1 billion equity settlement in mid-2026; S&P A-/stable, Moody’s Baa1/stable; merger with Essential Utilities set to close by Q1 2027

Feb 19, 2026, 2:00 PM

Transcript

American Water Works announces Q4 2025 results

AWK

Earnings

Guidance Update

M&A

2025 adjusted EPS of $5.64, up from $5.18 in 2024.
Q4 2025 adjusted EPS of $1.24, compared to $1.15 in Q4 2024.
Invested $3.2 billion and completed six state rate cases, achieving an affordability goal of <1% of median household income.
Affirmed 2026 EPS guidance of $6.02–$6.12, implying ~8% growth.
Merger with Essential Utilities announced and on track for Q1 2027 close, pending regulatory and shareholder approvals.

Feb 19, 2026, 2:00 PM

Presentation

American Water reports strong 2025 results and affirms 2026 guidance

AWK

Earnings

Guidance Update

M&A

2025 GAAP EPS of $5.69 (vs. $5.39 in 2024); Q4 GAAP EPS unchanged at $1.22
2025 adjusted EPS of $5.64 (an 8.9% increase from $5.18 in 2024); Q4 adjusted EPS $1.24 vs. $1.15
Invested $3.2 billion in regulated capital and delivered 8.2% dividend growth in 2025
Repaid the $795 million HOS secured seller note on February 13, 2026, and shareholders approved the pending Essential Utilities merger on February 10, 2026
Affirmed 2026 adjusted EPS guidance of $6.02–$6.12 and long-term EPS and dividend growth targets of 7–9%

Feb 18, 2026, 9:36 PM

8-K

American Water reports strong 2025 results

AWK

Earnings

Guidance Update

M&A

American Water delivered 2025 GAAP EPS of $5.69 and adjusted EPS of $5.64 (8.9% year-over-year increase); Q4 adjusted EPS was $1.24 vs. $1.15 in Q4 2024
The board declared a $0.8275 quarterly dividend (8.2% growth), payable March 3, 2026
Shareholders approved the pending merger with Essential Utilities on February 10, 2026
Management affirmed 2026 adjusted EPS guidance of $6.02–$6.12 and long-term EPS and dividend growth targets of 7–9%

Feb 18, 2026, 9:35 PM

Press Release

American Water and Essential Utilities shareholders approve merger proposals

AWK

M&A

Proxy Vote Outcomes

At special meetings on February 10, 2026, 82.6% of American Water shares were represented, and shareholders approved the share issuance for the proposed merger with Essential Utilities by 99% of votes cast.
Essential Utilities shareholders also backed the merger, with nearly 95% voting in favor at their special meeting.
The merger remains subject to HSR clearance and regulatory approvals, and is expected to close by end of Q1 2027.

Feb 10, 2026, 9:36 PM

8-K

American Water Works approves merger proposals

AWK

M&A

Proxy Vote Outcomes

At special shareholder meetings on February 10, 2026, 99% of American Water’s shares and 95% of Essential Utilities’ shares voted in favor of the proposed merger-related proposals.
The merger is expected to close by the end of Q1 2027, subject to Hart-Scott-Rodino clearance and other customary regulatory approvals.

Feb 10, 2026, 9:30 PM

Press Release

American Water Works approves share issuance for merger with Essential Utilities

AWK

Proxy Vote Outcomes

M&A

American Water held a virtual special meeting of shareholders on February 10, 2026 to approve its proposed merger with Essential Utilities, combining services for over 4.7 million customer connections across 17 states.
As of the December 29, 2025 record date, 195,177,161 shares of common stock were outstanding, and approximately 161.2 million shares (82.6%) were represented, establishing a quorum.
The share issuance proposal under the merger agreement dated October 26, 2025 was approved by a majority of votes cast, making the adjournment proposal unnecessary.

Feb 10, 2026, 3:00 PM

Transcript

American Water Works approves share issuance for Essential Utilities merger

AWK

M&A

Proxy Vote Outcomes

American Water held a virtual special shareholder meeting to vote on its proposed merger with Essential Utilities, creating a combined regulated water and wastewater utility serving 4.7 million customer connections across 17 states.
A quorum of approximately 161.2 million shares (82.6% of outstanding common stock) was achieved, and shareholders approved the Share Issuance Proposal necessary for the merger.
The Adjournment Proposal was unnecessary due to the Share Issuance approval, and the final vote results will be filed in a Form 8-K within four business days.