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PR Newswire·

AMERICAN WATER REPORTS SOLID THIRD QUARTER 2026 RESULTS; NARROWS 2026 EPS GUIDANCE TO TOP HALF OF RANGE; AFFIRMS LONG-TERM TARGETS; INITIATES STANDALONE 2027 EPS GUIDANCE, REFLECTING GROWTH OF 8%

AWK
  • Third quarter 2026 GAAP earnings were $1.94 per share, matching the $1.94 per share reported in the same quarter of 2025.
  • Year-to-date 2026 GAAP earnings were $4.56 per share, compared to $4.47 per share in the same period of 2025.
  • Third quarter 2026 adjusted (non-GAAP) earnings were $2.00 per share, up from $1.89 per share in the same quarter of 2025.
  • Year-to-date 2026 adjusted (non-GAAP) earnings were $4.63 per share, compared to $4.40 per share in the same period of 2025.
  • The 2026 adjusted EPS guidance range was narrowed to $6.07 to $6.12 from the previous range of $6.02 to $6.12.
  • A standalone 2027 adjusted EPS guidance range was initiated at $6.53 to $6.63, representing an 8% growth at the midpoint.
  • Long-term targets were affirmed, including 7-9% long-term EPS growth, 8-9% rate base growth, 2% acquired customer addition growth, 7-9% dividend growth, $20+ billion capital investment for 2026-2030, $48+ billion for 2026-2035, $3.7 billion 2026 capital plan, and a $4.1 billion 2027 capital plan.
  • Significant regulatory execution occurred year-to-date in Pennsylvania 10 NJ, with new rates taking effect in the third quarter.
  • The 2026 capital investment plan of $3.7 billion remains on track, with approximately 81,000 customer connections added from acquisitions through September 30, including Nexus Water systems.
  • Progress on the proposed merger with Essential Utilities includes approvals in three states 10 settlement agreements reached in Pennsylvania, North Carolina, 10 Texas, with a target closing in Q1 2027.
  • A quarterly cash dividend of $0.8950 per share was declared on October 27, 2026, payable on December 1, 2026, to shareholders of record as of November 12, 2026.