American Water Works Company, Inc.

American Water Works Company's subsidiary, Missouri American Water, has filed a request with the Missouri Public Service Commission (MoPSC) for new water and wastewater rates. The request aims to generate approximately $179 million in annualized incremental revenue, primarily to support $1.6 billion in capital investments planned from June 2025 through May 2028. If approved, new rates are expected to take effect in June 2027, with an average residential customer in St. Louis County seeing a $23 monthly increase.

Missouri American Water, a subsidiary of American Water Works Company, Inc., has filed a request with the Missouri Public Service Commission for new water and wastewater rates. The request seeks approximately $179 million in annualized incremental revenue, primarily driven by $1.6 billion in planned capital investments from June 2025 through May 2028. If approved, new rates are anticipated to take effect in June 2027, with average residential bills potentially increasing by $15-$23 per month.

American Water Works Company, Inc. announced that its subsidiaries, California American Water (Cal Am) and Virginia American Water, have filed partial settlement agreements in their respective general rate cases. Cal Am reached a partial settlement with the California Public Utilities Commission's Public Advocates Office, agreeing to $24 million in incremental annualized revenue for 2027, a reduction from its initial request. Virginia American Water settled with the Virginia State Corporation Commission staff and intervenors for a $16 million annualized revenue increase, also below its initial request. Both settlements are driven by significant capital investments in infrastructure.

American Water Works Company, Inc. announced the completion of its previously announced acquisition of water and wastewater system assets from Nexus Regulated Utilities, LLC for approximately $315 million. This strategic acquisition adds about 47,000 customer connections and approximately 70 employees across eight states, expanding American Water's regulated business footprint. The company funded the purchase with cash flow from operations and existing liquidity sources, having secured all necessary regulatory approvals.

American Water Capital Corp. (AWCC), a wholly owned finance subsidiary of American Water Works Company, Inc., completed the sale of $500 million aggregate principal amount of its 4.625% Senior Notes due 2029. The offering closed on May 20, 2026, with AWCC receiving approximately $498.0 million in net proceeds. The company intends to use these proceeds to repay a portion of its outstanding 3.625% exchangeable senior notes due 2026, repay commercial paper obligations, and for general corporate purposes.

American Water Works Company's subsidiary, Kentucky American Water, filed a rate request with the Kentucky Public Service Commission to support approximately $108 million in water system investments, which would result in an estimated $8 per month increase for typical residential customers. Additionally, shareholders approved amendments to the 2017 Omnibus Equity Compensation Plan and the 2017 Nonqualified Employee Stock Purchase Plan, both designed to incentivize employees and directors. The company also amended its Restated Certificate of Incorporation to align with Delaware law regarding officer liability.

American Water Works Company, Inc. (AWK) reported Q1 2026 adjusted earnings of $1.01 per share, compared to $1.02 per share in Q1 2025. The company affirmed its 2026 adjusted EPS guidance range of $6.02 to $6.12 and its long-term EPS and dividend growth rate targets of 7-9%. The Board declared a quarterly cash dividend of $0.8950 per share, an 8.2% increase, payable in June. The company also noted progress on the proposed merger with Essential Utilities, including the first state regulatory approval in Kentucky.

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.