American Water reports 2025 adjusted EPS of $5.64, up 8.9%; affirms 2026 guidance
American Water reported fourth-quarter 2025 adjusted earnings of $1.24 per share, up from $1.15 a year earlier, and full-year adjusted earnings of $5.64 per share, up from $5.18. The company affirmed its 2026 adjusted EPS guidance of $6.02 to $6.12 and its 7-9% long-term EPS and dividend growth targets, which exclude pending merger transaction costs and weather effects. Full-year GAAP diluted EPS was $5.69, compared with $5.39 in 2024.
Key points
- Full-year 2025 operating revenues were $5,140 million, up from $4,684 million in 2024; fourth-quarter revenues were $1,271 million, up from $1,201 million.
- Fourth-quarter 2025 GAAP diluted EPS was $1.22, flat with the prior-year quarter; full-year GAAP net income was $1,111 million, up from $1,051 million.
- The company invested $3.2 billion in capital in 2025 and repaid the $795 million HOS secured seller note in full on February 13, 2026.
- Shareholders of American Water and Essential Utilities approved the pending merger proposals on February 10, 2026.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.