Earnings Releases·Oct 28, 2026, 4:31 PM ET

American Water — Third Quarter 2026 Earnings Summary

GAAP diluted EPS remained flat at $1.94 for Q3 2026 versus $1.94 in 2025, while adjusted diluted EPS rose to $2.00 from $1.89; year-to-date adjusted EPS increased to $4.63 from $4.40.
2026 adjusted EPS guidance was narrowed to $6.07–$6.12 (from $6.02–$6.12), and standalone 2027 adjusted EPS guidance was initiated at $6.53–$6.63, reflecting 8% midpoint growth.
The company affirmed long-term targets of 7–9% EPS and dividend growth, updated its 2026–2030 capital investment plan to $20+ billion, and established a $4.1 billion standalone capital plan for 2027.
Progress on the proposed merger with Essential Utilities includes settlements in Pennsylvania, North Carolina, and Texas, with management anticipating a closing by the end of Q1 2027.
Operating revenues grew 4.1% to $1,510 million in Q3 2026, driven by $284 million in new annualized revenue authorizations and acquisitions, though partially offset by higher depreciation and interest expenses.