American Water Works Company, Inc. (AWK) Earnings Call Transcripts

American Water Works Company, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, American Water Works Company, Inc. (AWK) reported adjusted earnings of $1.61 per share, up from $1.49 per share in the same period last year, reflecting an 8% growth. Revenue growth was driven by authorized rate increases across various states, with management affirming full-year adjusted EPS guidance of $6.02 to $6.12. The company continues to focus on capital investments, having deployed $1.8 billion year-to-date, and is on track to achieve its target of 2% customer growth.

Reported metrics

Guidance from management

Management affirmed its 2026 adjusted EPS guidance range of $6.02 to $6.12 per share, indicating an expectation of 8% EPS growth for the year.

What management said

Paul, this is David. We have not quantified it. I mean in practical purposes, I think one way you can do it is if you go back and look at our prior cases and what that filed increase would be. I mean it's not a complete apples-to-apples but that could give you an idea. .

Yes. Paul, I'd say we still feel good about Indiana from everything we're seeing in the state, it's focused on the electric affordability story there. Our rates are very affordable in Indiana and continue to be in our forecast to be there. So we feel good as far as the legislation yet. I mean, it's beneficial to us. I mean, it's not overall material from a American Water standpoint, but it's certainly a little wins l...

What analysts pressed on

Analysts expressed concerns regarding the impact of regulatory changes in Pennsylvania on the company's strategy and the potential effects of affordability discussions on the merger approval process. There was also interest in understanding the benefits of the new forecast year legislation in Missouri.

Main topics on the call

• Earnings Growth — American Water reported adjusted earnings of $1.61 per share for Q2 2026, compared to $1.49 per share in Q2 2025, indicating an 8% growth. Management stated, 'We continue to be on track to achieve our full year earnings ...
• Revenue Increases — The company experienced revenue growth due to authorized rate increases across states. Management noted, 'Revenues were higher due to authorized rate increases to recover investments across our states.'
• Capital Investments — American Water invested $1.8 billion in capital projects and acquisitions year-to-date, focusing on infrastructure renewal and customer service. Griffith emphasized, 'These investments are crucial for us to deliver on ou...
• Merger Progress — The proposed merger with Essential Utilities is progressing well, with multiple state approvals received. Griffith stated, 'We expect the merger to close by the end of the first quarter of 2027.'

Read the full American Water Works Company, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 American Water Works Company, Inc. earnings call transcripts on record, spanning February 19, 2020 to July 30, 2026. Based on this history, American Water Works Company, Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AWK

Exchange

NYSE

Country

US

Sector

Utilities

Industry

Water Utilities

Calls on record

29

First call

February 19, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly