American Water Works Posts Q3 2026 Results, Lifts EPS Guidance
American Water Works narrows its 2026 earnings guidance to the top half of its range and initiates 2027 EPS guidance projecting 8% growth.
American Water Works reported third-quarter 2026 GAAP earnings of $1.94 per share, unchanged from the same period a year earlier, while year-to-date GAAP earnings improved to $4.56 per share from $4.47 per share through the first nine months of 2025.
On an adjusted, non-GAAP basis, the company posted quarterly earnings of $2.00 per share, up from $1.89 per share in the third quarter of 2025, signaling underlying operational improvement that the headline GAAP figure did not fully capture.
Read more MAA Reports Third Quarter 2026 Earnings Results →
Management responded to the results by narrowing its full-year 2026 EPS guidance to the upper portion of its previously stated range, a move that typically signals increased confidence in the company's near-term earnings trajectory heading into the final quarter of the fiscal year.
Looking further ahead, American Water also initiated standalone 2027 EPS guidance, projecting growth of approximately 8% — a figure consistent with the long-term financial targets the company simultaneously affirmed. Regulated water and wastewater utilities like American Water often use multi-year guidance to reflect the predictable, rate-base-driven nature of their revenue streams.
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