MergerMay 8, 2026, 04:18 PM
Essential Utilities Discloses American Water Q1 2026 Financials
AI Summary
Essential Utilities, Inc. voluntarily filed an 8-K to furnish the unaudited consolidated financial statements of American Water Works Company, Inc. for the first quarter ended March 31, 2026, and 2025. This disclosure is related to their pending merger, where Essential Utilities will become a wholly-owned subsidiary of American Water, and the information will be incorporated into Essential Utilities' Form S-3 registration statement. American Water reported Q1 2026 operating revenues of $1,207 million and net income of $196 million.
Key Highlights
- Essential Utilities furnished American Water's Q1 2026 unaudited financials for their pending merger.
- American Water's Q1 2026 operating revenues increased to $1,207 million from $1,142 million in Q1 2025.
- American Water's Q1 2026 net income was $196 million, down from $205 million in Q1 2025.
- American Water's Q1 2026 basic EPS was $1.00, compared to $1.05 in Q1 2025.
- American Water's net cash provided by operating activities was $305 million in Q1 2026.
- American Water received $36 million in annualized incremental revenues from general rate case authorizations in Q1 2026.
- American Water secured $53 million in annualized incremental revenues from infrastructure surcharges in Q1 2026.