American Water Works(NYSE) AWK

American Water Works Company, Inc. delivers water to millions of people. It manages pipes and plants to provide clean drinking water. The firm also handles wastewater for homes and businesses.

Water, Pipes, and Plants

• Regulated Businesses: Provides water and wastewater services to 1,700 communities; generated $2.38 billion in revenue during the six-month period ended June 30, 2026.
• Water Services: Includes delivery to residential, commercial, and industrial customers; accounted for $2.13 billion of regulated revenue in the first half of 2026.
• Wastewater Services: Manages collection and treatment systems for homes and businesses; contributed $220 million in revenue during the first six months of 2026.
• Military Services Group: Operates water and wastewater systems for the U.S. government on 19 military installations.

Planning for the Future

• Acquired Nexus Regulated Utilities assets on June 1, 2026, for $319 million in cash.
• Signed a merger agreement with Essential on Oct. 26, 2025, to combine the two companies.
• Invested $1.8 billion in infrastructure improvements and acquisitions during the first six months of 2026.
• Added approximately 52,700 new customers through regulated acquisitions in the first half of 2026.

A Massive Infrastructure Network

The company is the largest publicly traded water utility in the U.S. based on revenue and population served. It operates 80 surface water treatment plants and 52,500 miles of mains for water and wastewater services.

The Financial Scorecard

• Operating revenues were $2.56 billion for the six months ended June 30, 2026, compared to $2.42 billion in 2025.
• Net income reached $511 million for the six-month period ended June 30, 2026.
• Diluted earnings per share were $2.61 for the first half of 2026, up from $2.53 in 2025.
• Adjusted diluted earnings per share, a non-GAAP measure, was $2.62 for the six-month period ended June 30, 2026.
• Net cash provided by operating activities was $907 million in the first half of 2026, up from $632 million in 2025.

Evolution Through Expansion

American Water has transitioned from a traditional utility to a major consolidator in the water industry. Its strategy focuses on large-scale infrastructure investment and strategic acquisitions to expand its regulated footprint.