Jun 2026 (Q2 FY26) — Jul 30, 2026
American Water Works Q2 FY26 — Solid Earnings and Strategic Growth
Read the full callAmerican Water Works (AWK) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
American Water Works earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,350 | +6.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 40.1 | +1.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 315 | +9.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
9 of 12 judged targets kept · 27 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Nexus Water Group acquisition close | by or before August 2026 | Jun 2025 | we were very pleased to close on the acquisition of Systems from Nexus Water Group ahead of schedule on June 1. | Achieved |
| Debt to total capital ratio | <60% | Dec 2025 | Our total debt-to-capital ratio as of June 30 was 58%. | On Track |
3 of American Water Works Company, Inc.'s 39 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 37 more targets are in the full ledger.
Claimed
- Adjusted EPS grew over 8% to $1.61 per share in Q2 FY26, up from $1.49 in Q2 FY25.
- Year-to-date capital investments and acquisitions totaled $1.8 billion.
- Closed the acquisition of Systems from Nexus Water Group, adding 47,000 customer connections.
- Secured 3 state rate case approvals (West Virginia, Maryland, Pennsylvania) recovering nearly 100% of capital investments.
- Merger with Essential Utilities received 3 state approvals (Kentucky, Ohio, Virginia) and reached a settlement in principle in Texas.
Qualified
- Pennsylvania rate case approved a $75 million annualized revenue increase, lower than the $160 million requested.
- Regulatory lag in Pennsylvania, with only ~40% of capital currently qualifying for DSIC recovery, requires legislative change for broader expansion.
Price
$133.57 −1.02% · −$1.37
Performance −7.1% 1Y
1Y: $143.81 on 17 Oct 2025 → $133.57. High $145.43 (20 Oct 2025), low $121.13 (1 Jun 2026).
- Previous close
- $134.94
- 52-week range
- $121.13 – $145.43
- One year
- −8.16%
Overview
- Symbol
- AWK
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
9 of 12 judged targets kept · 27 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Nexus Water Group acquisition close | by or before August 2026 | Jun 2025 | we were very pleased to close on the acquisition of Systems from Nexus Water Group ahead of schedule on June 1. | Achieved |
| Debt to total capital ratio | <60% | Dec 2025 | Our total debt-to-capital ratio as of June 30 was 58%. | On Track |
Claimed
- Adjusted EPS grew over 8% to $1.61 per share in Q2 FY26, up from $1.49 in Q2 FY25.
- Year-to-date capital investments and acquisitions totaled $1.8 billion.
- Closed the acquisition of Systems from Nexus Water Group, adding 47,000 customer connections.
- Secured 3 state rate case approvals (West Virginia, Maryland, Pennsylvania) recovering nearly 100% of capital investments.
- Merger with Essential Utilities received 3 state approvals (Kentucky, Ohio, Virginia) and reached a settlement in principle in Texas.
Qualified
- Pennsylvania rate case approved a $75 million annualized revenue increase, lower than the $160 million requested.
- Regulatory lag in Pennsylvania, with only ~40% of capital currently qualifying for DSIC recovery, requires legislative change for broader expansion.
The full ledger
Open American Water Works Company, Inc.’s full ledger
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Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
American Water Works Q1 FY26 — Earnings on Track, Dividend Increased, Merger Progressing
Read the full callEvery analysed call
American Water Works earnings calls (AWK)
Financials
What the filings say
Net profit, year on year: +9% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,328 | — | 1,134 | 1,272 | 1,454 | — | 1,203 | 1,350 |
| Operating profit | 543 | 400 | 371 | 489 | 614 | 405 | 391 | 542 |
| Operating margin | 40.9% | — | 32.7% | 38.4% | 42.2% | — | 32.5% | 40.1% |
| Other income | -90 | -97 | -101 | -113 | -120 | -123 | -132 | -137 |
| Interest | 132 | 136 | 144 | 151 | 158 | 162 | 163 | 167 |
| Profit before tax | 453 | 303 | 270 | 376 | 494 | 282 | 259 | 405 |
| Tax rate | 22.7% | 21.1% | 24.1% | 23.1% | 23.3% | 15.6% | 24.3% | 22.2% |
| Net profit | 350 | 239 | 205 | 289 | 379 | 238 | 196 | 315 |
| EPS ($ per share) | 1.80 | 1.22 | 1.05 | 1.48 | 1.94 | — | 1 | 1.61 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | -464 | -207 | 102 | 925 | 1,267 | 1,659 | 2,112 | 2,575 |
| Total liabilities | 15,359 | 16,561 | 18,312 | 18,777 | 20,094 | 20,501 | 22,498 | 24,605 |
| Fixed assets | 17,409 | 18,232 | 19,710 | 21,084 | 23,223 | 25,438 | 28,038 | 30,576 |
| Total assets | 21,223 | 22,682 | 24,766 | 26,075 | 27,787 | 30,298 | 32,830 | 35,442 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,386 | 1,383 | 1,426 | 1,441 | 1,108 | 1,874 | 2,045 | 2,059 |
| Cash from investing | -2,036 | -1,945 | -2,061 | -1,536 | -2,127 | -2,815 | -3,379 | -3,309 |
| Cash from financing | 726 | 494 | 1,120 | -345 | 1,000 | 1,188 | 1,110 | 1,249 |
| Net cash flow | 76 | -68 | 485 | -440 | -19 | 247 | -224 | -1 |
| Capital expenditure | -1,586 | -1,654 | -1,822 | -1,764 | -2,297 | -2,575 | -2,856 | -3,126 |
| Free cash flow | -200 | -271 | -396 | -323 | -1,189 | -701 | -811 | -1,067 |
AWK revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Regulated Business | 92% | 91% | 92% | 92% | 93% | 91% | 92% | 94% | +7.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
35 filings between Jan 31, 2026 and May 13, 2026.
Open market
decisions to buy or sellNobody bought or sold AWK on the open market in this window. The filings below are 22 awards and 13 tax withholdings.
Compensation
not trading decisions- 22
- Award — granted as compensation
- 13
- Tax withheld — shares kept back by the company to cover tax
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 13, 2026 | Edwards Jeffrey N Director | Award | 1,374 | $0 |
| May 13, 2026 | Grow Lisa A Director | Award | 1,374 | $0 |
| May 13, 2026 | Havanec Laurie P. Director | Award | 1,374 | $0 |
| May 13, 2026 | JOHNSON JULIA L Director | Award | 1,374 | $0 |
| May 13, 2026 | KAMPLING PATRICIA L Director | Award | 1,374 | $0 |
| May 13, 2026 | Kurz Karl F Director | Award | 2,159 | $0 |
| May 13, 2026 | Marberry Michael Director | Award | 1,374 | $0 |
| May 13, 2026 | MCGUIGAN STUART M Director | Award | 1,374 | $0 |
| May 13, 2026 | Nathoo Raffiq Director | Award | 1,374 | $0 |
| Feb 17, 2026 | Bowler David EVP and CFO | Award | 3,711 | $0 |
| Feb 17, 2026 | Bowler David EVP and CFO | Award | 1,632 | $0 |
| Feb 17, 2026 | Bowler David EVP and CFO | Tax withheld | 693 | $92.5K |
| Feb 17, 2026 | Duffy Maureen EVP, Comms & External Affairs | Award | 1,301 | $0 |
| Feb 17, 2026 | Duffy Maureen EVP, Comms & External Affairs | Award | 2,014 | $0 |
| Feb 17, 2026 | Duffy Maureen EVP, Comms & External Affairs | Tax withheld | 932 | $124.4K |
| Feb 17, 2026 | Griffith John C. President and CEO | Award | 12,729 | $0 |
| Feb 17, 2026 | Griffith John C. President and CEO | Award | 8,322 | $0 |
| Feb 17, 2026 | Griffith John C. President and CEO | Tax withheld | 4,101 | $547.5K |
| Feb 17, 2026 | Mitchell Stacy A. EVP and General Counsel | Award | 2,550 | $0 |
| Feb 17, 2026 | Mitchell Stacy A. EVP and General Counsel | Award | 1,060 | $0 |
| Feb 17, 2026 | Mitchell Stacy A. EVP and General Counsel | Tax withheld | 524 | $70.0K |
| Feb 17, 2026 | Norton Cheryl EVP and COO | Award | 4,258 | $0 |
| Feb 17, 2026 | Norton Cheryl EVP and COO | Award | 5,901 | $0 |
| Feb 17, 2026 | Norton Cheryl EVP and COO | Tax withheld | 2,910 | $388.5K |
| Feb 17, 2026 | Sutton Lori EVP, CHRO | Award | 1,364 | $0 |
| Feb 17, 2026 | Wikle Melissa K. SVP, Chief Accounting Officer | Award | 608 | $0 |
| Feb 17, 2026 | Wikle Melissa K. SVP, Chief Accounting Officer | Award | 1,064 | $0 |
| Feb 17, 2026 | Wikle Melissa K. SVP, Chief Accounting Officer | Tax withheld | 543 | $72.5K |
| Jan 31, 2026 | Bowler David EVP and CFO | Tax withheld | 791 | $102.1K |
| Jan 31, 2026 | Griffith John C. President and CEO | Tax withheld | 3,226 | $416.6K |
| Jan 31, 2026 | Mitchell Stacy A. EVP and General Counsel | Tax withheld | 729 | $94.1K |
| Jan 31, 2026 | Norton Cheryl EVP and COO | Tax withheld | 1,777 | $229.5K |
| Jan 31, 2026 | Sutton Lori EVP, CHRO | Tax withheld | 199 | $25.7K |
| Jan 31, 2026 | Wikle Melissa K. SVP, Chief Accounting Officer | Tax withheld | 318 | $41.1K |
| Jan 31, 2026 | Duffy Maureen EVP, Comms & External Affairs | Tax withheld | 603 | $77.9K |
| Oct 1, 2025 | Sutton Lori EVP, CHRO | Award | 90 | $0 |
| Aug 26, 2025 | Grow Lisa A Director | Award | 868 | $0 |
| Jun 9, 2025 | Nathoo Raffiq Director | Award | 1,162 | $0 |
| May 30, 2025 | Wikle Melissa K. SVP, Chief Accounting Officer | Sale | 2,825 | $404.8K |
| Apr 1, 2025 | Sutton Lori SVP, CHRO | Award | 271 | $0 |
| Feb 18, 2025 | Hardwick M Susan Chief Executive Officer | Award | 11,545 | $0 |
| Feb 18, 2025 | Bowler David EVP and CFO | Award | 2,997 | $0 |
| Feb 18, 2025 | Bowler David EVP and CFO | Award | 1,145 | $0 |
| Feb 18, 2025 | Bowler David EVP and CFO | Tax withheld | 487 | $61.9K |
| Feb 18, 2025 | Duffy Maureen EVP, Comms & External Affairs | Award | 1,316 | $0 |
| Feb 18, 2025 | Duffy Maureen EVP, Comms & External Affairs | Award | 2,031 | $0 |
| Feb 18, 2025 | Duffy Maureen EVP, Comms & External Affairs | Tax withheld | 939 | $119.4K |
| Feb 18, 2025 | Griffith John C. President | Award | 7,925 | $0 |
| Feb 18, 2025 | Griffith John C. President | Award | 8,359 | $0 |
| Feb 18, 2025 | Griffith John C. President | Tax withheld | 4,118 | $523.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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