Quarterly ResultApr 29, 2026, 04:48 PM
AWK Q1 Revenue +5.7% to $1.207B; EPS $1.00
AI Summary
American Water Works Company reported Q1 2026 operating revenues of $1.207 billion, a 5.7% increase year-over-year, while net income attributable to common shareholders decreased by 4.4% to $196 million, resulting in basic EPS of $1.00. The company received $795 million from a secured seller promissory note related to the Homeowner Services Group sale and secured $36 million in annualized incremental revenues from general rate case authorizations. Additionally, significant rate increases are pending in Illinois, New Jersey, and Pennsylvania.
Key Highlights
- Operating revenues increased 5.7% to $1.207 billion in Q1 2026.
- Net income attributable to common shareholders decreased 4.4% to $196 million.
- Basic earnings per share was $1.00, down from $1.05 in Q1 2025.
- Received $795 million from the secured seller promissory note for HOS sale.
- Capital expenditures rose to $659 million in Q1 2026.
- Secured $36 million in annualized incremental revenues from 2026 rate case authorizations.
- Pending rate case filings seek $139 million in NJ, $134 million in IL, and $169 million in PA.