American Water Works
Operates regulated water and wastewater utilities across 14 U.S. states.
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Profile
Provides regulated drinking-water and wastewater services to residential, commercial, industrial and public customers across the United States, earning most revenue through state-regulated utilities. A smaller Military Services Group operates water and wastewater systems under long-term federal contracts.
Owns and operates regulated drinking-water and wastewater utilities across 14 U.S. states, serving residential, commercial, industrial and public customers. Its systems treat and distribute water, then collect and treat wastewater. Regulated utilities generate most revenue; Pennsylvania and New Jersey are the largest jurisdictions.
Growth comes from renewing infrastructure, connecting customers within existing service areas and acquiring additional systems. Consolidated tariffs and shared operations help integrate those systems. The Military Services Group separately operates water and wastewater networks at military installations under long-term federal contracts.
Rates, acquisitions and recovery of infrastructure spending depend on state utility commissions, while drinking-water and discharge rules shape operations. A pending stock-for-stock merger with Essential Utilities remains subject to regulatory approvals; if completed, Essential would become a subsidiary while the surviving parent retains its name and Camden headquarters.
Company facts
Categories
Key statistics
Year to date +6.1% · Average volume (30d) 2.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Truist Financial | Target | $139 | |||
| Jul 15, 2026 | Barclays | Reiterate | Underweight | $124 | $130 | |
| Jul 2, 2026 | UBS | Reiterate | Buy | $140 | $150 | |
| May 29, 2026 | UBS | Upgrade | Neutral | Buy | $137 | $140 |
| May 7, 2026 | UBS | Reiterate | Neutral | $149 | $137 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $1.53 | $1.61 | +5.2% | $1.33B | $1.36B | +2.2% | −0.93% |
| Apr 29, 2026Q1 FY26 | $1.09 | $1.01 | −7.3% | $1.17B | $1.21B | +3.1% | −2.69% |
| Feb 18, 2026Q4 FY25 | $1.26 | $1.24 | −1.6% | $1.29B | $1.27B | −1.3% | +0.15% |
| Oct 29, 2025Q3 FY25 | $1.88 | $1.94 | +3.2% | $1.33B | $1.45B | +9.4% | −2.58% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.14B | $1.28B | $1.45B | $1.27B | $1.21B | $1.36B | |
| Gross profit | $674.0M | $796.0M | $928.0M | −$171.0M | $714.0M | $1.02B | |
| Operating income | $371.0M | $489.0M | $614.0M | $405.0M | $391.0M | $542.0M | |
| Net income | $205.0M | $289.0M | $379.0M | $238.0M | $196.0M | $315.0M | |
| Diluted EPS | $1.05 | $1.48 | $1.94 | $1.22 | $1.01 | $1.61 | |
| Gross margin | 59.0% | 62.4% | 64.0% | -13.5% | 59.2% | 75.5% | |
| Operating margin | 32.5% | 38.3% | 42.3% | 31.9% | 32.4% | 40.0% |
Fiscal years (4-quarter sums)FY21 $3.93B · FY22 $3.79B · FY23 $4.23B · FY24 $4.68B · FY25 $5.14B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $191.0M · Total debt $16.06B · Total assets $36.45B · Shareholders' equity $11.67B
Dividends
Raised for 16 straight years — most recently to $0.895 from $0.8275 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 11, 2026 | Aug 11 | Sep 1 | $0.895 | |
| May 12, 2026 | May 12 | Jun 2 | $0.895 | raised from $0.8275 |
| Feb 10, 2026 | Feb 10 | Mar 3 | $0.8275 | |
| Nov 13, 2025 | Nov 13 | Dec 2 | $0.8275 | |
| Aug 12, 2025 | Aug 12 | Sep 3 | $0.8275 | |
| May 13, 2025 | May 13 | Jun 3 | $0.8275 | raised from $0.765 |
| Feb 7, 2025 | Feb 7 | Mar 4 | $0.765 | |
| Nov 12, 2024 | Nov 12 | Dec 3 | $0.765 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 198.73M · Float 198.31M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 20.61M | 10.37% | 13F | Aug 7, 2026 |
| Wellington Management Group LLP | 14.91M | 7.50% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 12.77M | 6.43% | 13F | Aug 13, 2026 |
| State Street Corp | 11.90M | 5.99% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 11.26M | 5.66% | 13F | Aug 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Essential Utilities
Largest IOU peer; pending merger; direct rival in regulated water/M&A.
- California Water Service Group
Third-largest U.S. water utility; West Coast IOU rival for M&A and rate cases.
- American States Water
California IOU; only public peer with a military utility privatization unit.
- H2O America
Multi-state IOU (CA/CT/ME/TX); rebranded from SJW Group 2025; prior AWK target.
- Middlesex Water
Mid-Atlantic IOU (NJ/DE); overlaps AWK in New Jersey; 52-year dividend streak.
- Artesian Resources
Delmarva Peninsula IOU (DE/MD/PA); oldest regulated water utility in Delaware.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Water Works | $134.88 | −2.46% | $27.48B | 23.9 | 22.6 | 5.2 | +6.2% |
| Essential Utilities | $41.25 | +0.39% | $11.66B | 21.0 | 17.8 | 4.5 | +3.1% |
| California Water Service Group | $50.48 | 0.00% | $3.12B | 22.8 | 19.4 | 3.0 | +16.5% |
| American States Water | $89.88 | +0.01% | $3.52B | 24.6 | 24.2 | 5.1 | +11.2% |
| H2O America | $63.02 | −0.83% | $2.66B | 22.4 | 23.2 | 3.2 | +6.2% |
| Middlesex Water | $57.66 | −1.35% | $1.10B | 22.5 | 22.2 | 5.3 | +14.3% |
| Artesian Resources | $35.63 | +0.14% | $367.9M | 15.6 | 15.3 | 3.1 | +7.4% |
| Median | 22.4 | 20.8 | 3.9 | +9.3% |