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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Paul Zimbardo | Jefferies | 8 (0%) |
| Angie Storozynski | Seaport Research Partners | 7 (0%) |
| Richard Sunderland | Truist Securities | 6 (0%) |
| Gregg Orrill | UBS | 5 (0%) |
| Jonathan Reeder | Wells Fargo | 4 (0%) |
| Andrew Kadavy | Wells Fargo | 4 (0%) |
| Spark Li | Jefferies | 3 (0%) |
| Aidan Kelly | JPMorgan | 2 (0%) |
| Durgesh Chopra | Evercore ISI | 2 (0%) |
| Anthony Crowdell | Mizuho Securities | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jefferies | 2 | 11 (0%) |
| Wells Fargo | 2 | 8 (0%) |
| Seaport Research Partners | 1 | 7 (0%) |
| Truist Securities |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.20B | +16.4% | $1.23 | +39.8% | 33.3% | 19.9% | $-295M |
| FY2025 Q1 | $1.14B | +13.0% | $1.05 | +10.5% | 32.5% | 18.0% | $-217M |
| FY2025 Q2 | $1.28B | +11.1% | $1.48 | +4.2% | 38.3% |
| 1 |
| 6 (0%) |
| UBS | 1 | 5 (0%) |
| Mizuho Securities | 2 | 4 (25%) |
| Wolfe Research | 1 | 2 (50%) |
| JPMorgan | 1 | 2 (0%) |
American Water Works posted Q1 2026 adjusted EPS of $1.01, down 3.8% year-over-year in GAAP terms but on track for full-year guidance. Revenue grew 5.7% and operating income expanded 5.4%, with the GAAP EPS decline driven by merger transaction costs and higher depreciation and financing from investment growth. The Essential Utilities merger progressed with Kentucky approval, active rate cases were underway in five jurisdictions, and 105,000 customer connections remained under agreement. Legislative wins in Iowa and Indiana reduced regulatory lag.
Regulation Policy | M&A | Capital Allocation | Capex Investment | Demand | Margin | Guidance Reliability | Revenue Growth | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 2 | 2 | 3 | 2 | 2 | 1 | |
| 2025Q1 | 3 | 1 | 1 | 1 | 1 | |||
| 2025Q2 | 3 | 3 | 1 | 1 | 1 | 1 | ||
| 2025Q4 | 4 | 2 | 2 | |||||
| 2026Q1 | 4 | 2 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|
| Regulation Policy | 5 | 3 | 3 | 4 | 4 |
| M&A | 2 | 1 | 3 | 2 | 2 |
| Capital Allocation | 2 | 1 | 1 | 2 | 3 |
| Capex Investment | 3 | 1 | |||
| Demand | 2 | 1 | |||
| Margin | 1 | 1 | 1 | ||
| Guidance Reliability | 2 | ||||
| Revenue Growth | 1 | 1 |
| 22.6% |
| $-432M |
| FY2025 Q3 | $1.45B | +9.7% | $1.94 | +8.4% | 42.3% | 26.1% | $-33M |
| FY2025 Q4 | $1.27B | +5.8% | $1.22 | -0.8% | 31.9% | 18.7% | $-385M |
| FY2026 Q1 | $1.21B | +5.7% | $1.01 | -3.8% | 32.4% | 16.2% | $-354M |
| FY2026 Q2 | $1.35B | +6.2% | $1.61 | +8.8% | 40.0% | 23.2% | $-258M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What AWK and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we continue to have strong investment-grade credit ratings at S&P and Moody's. Both agencies note our trend of credit supportive regulatory outcomes and expect to sustain FFO-to-debt ratios that are well within the current ratings thresholds.”
Moody's maintains American Water's strong investment-grade rating, noting credit-supportive regulatory outcomes.
“we continue to have strong investment-grade credit ratings at S&P and Moody's. Both agencies note our trend of credit supportive regulatory outcomes and expect to sustain FFO-to-debt ratios that are well within the current ratings thresholds.”
S&P maintains American Water's strong investment-grade rating, noting credit-supportive regulatory outcomes.
“In March, we completed the acquisition of the Nitro wastewater system in West Virginia for $20 million.”
American Water acquired the Nitro wastewater system in West Virginia for $20 million and plans over $40 million of capital upgrades.
“the regulatory approval process for the Nexus Water Group Systems is progressing very well. We've received approval from the regulatory commissions in 7 of the 8 required states.”
American Water's acquisition of Nexus Water Group Systems has cleared 7 of 8 required state approvals, with closing expected by June 30.
“we've achieved another milestone on the path to closing our proposed merger with the Essential Utilities.”
American Water's proposed merger with Essential Utilities is advancing through state approvals, with a targeted close by end of Q1 2027.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
AWK American Water Works | 6 | +5.7% | |
| AEE Ameren | 7 | +3.8% | |
| AEP American Electric Power | 5 | +6.8% | |
| AES AES Corporation | 8 | +8.7% | |
| ATO Atmos Energy | 7 | +0.6% | |
| CEG Constellation Energy | 8 | +63.9% | |
| CMS CMS Energy | 6 | +11.6% | |
| CNP CenterPoint Energy | 5 | +1.9% | |
| D Dominion Energy | 7 | +26.2% | |
| DTE DTE Energy | 7 | +15.8% | |
| DUK Duke Energy | 8 | +11.3% | |
| ED Consolidated Edison | 6 | +6.2% | |
| EIX Edison International | 6 | +7.7% | |
| ES Eversource Energy | 6 | +9.4% | |
| ETR Entergy | 8 | +12.0% | |
| EVRG Evergy | 7 | +5.5% | |
| EXC Exelon | 6 | +7.9% | |
| FE FirstEnergy | 7 | +11.6% | |
| GEV GE Vernova | 9 | +16.1% | |
| LNT Alliant Energy | 5 | +5.0% | |
| NEE NextEra Energy | 6 | +7.3% | |
| NI NiSource | 8 | +8.2% | |
| NRG NRG Energy | 7 | +20.0% | |
| PCG PG&E Corporation | 8 | +15.0% | |
| PEG Public Service Enterprise Group | 9 | +19.4% | |
| PNW Pinnacle West | 8 | +11.4% | |
| PPL PPL Corporation | 7 | +10.8% | |
| SO Southern Company | 6 | +8.0% | |
| SRE Sempra | 5 | -3.8% | |
| VST Vistra Corp. | 8 | +9.1% | |
| WEC WEC Energy Group | 7 | +9.0% | |
| XEL Xcel Energy | 6 | +2.9% |