American Water Q2 Revenue Beats on Rate Hikes and Acquisitions, Affirms 2026 Guidance
AWK sits 15% above its 52-week low of $120.57.
Summary
American Water Works posted Q2 revenue of $1.36 billion, edging past the $1.34 billion consensus, driven by rate increases and acquisitions that added 52,000 customer connections. The company reported higher profit as new rates lifted revenue. Operating income of $542 million missed the $551.53 million estimate, reflecting higher production costs and depreciation. The company affirmed its 2026 adjusted EPS guidance of $6.02 to $6.12 and maintained long-term EPS and dividend growth targets of 7-9%. This follows a series of regulatory approvals for the Essential Utilities merger and a $315 million Nexus acquisition closed in June.
At the time of this announcement, AWK was trading at $139.09 on NYSE in the Trade & Services sector, with a market capitalization of approximately $27B. The 52-week trading range was $120.57 to $147.87. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.