AWK Q2 EPS Beats at $1.61, Closes Gordon's Corner Acquisition
AWK is trading near its 52-week low of $120.57 (13% above the low).
Summary
American Water Works posted Q2 adjusted EPS of $1.61, beating the $1.48 consensus, on revenue of ~$1.356B, up 6.2% YoY. The company reiterated full-year EPS guidance of $6.02–$6.12 and declared a $0.8950 dividend. Separately, it closed the Gordon's Corner acquisition on July 27, adding ~15,300 customer connections and over $25M in planned infrastructure spending. The earnings beat and deal closure reinforce the growth narrative ahead of the Essential Utilities merger, which has cleared Ohio and Virginia regulatory hurdles and reached a Texas settlement in principle.
At the time of this announcement, AWK was trading at $136.66 on NYSE in the Trade & Services sector, with a market capitalization of approximately $26.7B. 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: Wiseek News.