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AWK · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
American Water's operating revenues rose 6.2% to $1.36B and net income grew 9.0% to $315M, or $1.61 per share vs $1.48.
Net income attributable to common shareholders
$315M
up 9.0% y/y
Operating revenues
$1,355M
up 6.2% y/y
Operating income
$542M
up 10.8% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Operating revenues | $1,355 · +6.2% |
| Operation and maintenance | $481 · +0.2% |
| Depreciation and amortization | $240 · +8.6% |
| General taxes | $92 · +7.0% |
| Operating income | $542 · +10.8% · 40.0% margin |
| Interest expense | $167 · +10.6% |
| Interest income | $3 · −86.4% |
| Non-operating benefit costs, net | $5 · +25.0% |
| Other, net | $22 · +83.3% |
| Income before income taxes | $405 · +7.7% |
| Provision for income taxes | $90 · +3.4% · 22.2% effective rate |
| Net income attributable to common shareholders | $315 · +9.0% · 23.2% margin |
Verdict: American Water's operating revenues rose 6.2% to $1.36B and net income grew 9.0% to $315M, or $1.61 per share vs $1.48.
2026 earnings per share guidance range of $6.02 to $6.12 was affirmed.
Source and notation
Source: AWK press release, 8-K EX-99.1 of 07/29/2026 (SEC EDGAR).
Open as an image: AWK, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “AWK Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/awk/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/awk/q2-2026"><img src="https://whoreportstoday.com/t/awk/q2-2026/sankey.png" alt="AWK Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/awk/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/awk/q2-2026">AWK Q2 2026 earnings chart (Who Reports Today)</a>
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- Interest expense was higher by $11 million as a result of incremental short and long-term debt to fund capital investments.
- Operating income was $542M (+10.8% y/y), an operating margin of 40.0% vs 38.3% a year ago.
- Income tax of $90.0M implies an effective rate of 22.2% vs 23.1% a year ago.
What distorts the picture in this report and what to watch beyond the headlines.
AWK — a water and wastewater utility that serves about 14 million people in 24 states.
Nearly all of its earnings come from the Regulated Businesses segment, whose state-regulated utilities charge approved rates for drinking water and sewer service; smaller businesses serving military bases and municipalities are reported as Other. · Source: annual report (Form 10-K, SEC)
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