American Water Works Company, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: AWK posted Q1 FY2026 revenue of $1.20B (+6.1% YoY) driven by regulated utility growth, but net income declined 4.4% to $196M amid rising costs and a sharp surge in current liabilities that pressured the balance sheet.
Drawn from management commentary in the Q1 2026 10-Q:
AWK grew total revenue 6.1% YoY to $1.20B in Q1 FY2026 (vs. $1.13B in Q1 FY2025), consistent with the rate-base expansion typical of regulated water utilities. This growth reflects approved rate increases and continued customer additions across its service territories.
Operating income rose 5.4% YoY to $391M, with operating margin essentially flat at 32.5% vs. 32.7% in the prior year period. This suggests AWK largely offset cost inflation through revenue increases, though margin compression of ~0.2 percentage points signals modest cost headwinds.
Despite higher operating income, net income fell 4.4% YoY to $196M (vs. $205M), and basic/diluted EPS dropped to $1.00 from $1.05. The divergence between operating income growth and net income decline points to increased interest expense or other non-operating costs, consistent with AWK's capital-intensive infrastructure investment program.
Revenue
$1.2B
++6.08% YoY
EPS (Basic)
$1.00
-4.76% YoY
Operating Income
$391M
++5.39% YoY
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