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American Water Works Is Not Just A Water Utility — Its Merger Story Is Taking Shape! – 

American Water Works Company, Inc. reported first quarter 2026 adjusted earnings of $1.01 per share, aligning with its full-year earnings guidance. The company reaffirmed its expectation to deliver approximately 8% earnings per share (EPS) growth for 2026, continuing a trend of consistent EPS and dividend growth in the 7% to 9% range through 2030. Revenues increased due to authorized rate hikes aimed at recovering investments across multiple states. Operating expenses, depreciation, and financing costs also rose in line with expectations, with most EPS growth anticipated in the latter half of the year as new rates take effect in key jurisdictions. On the regulatory front, the company received final orders in West Virginia and Maryland with reasonable outcomes balancing revenues, return on equity (ROE), and affordability. Several general rate cases are in progress in Virginia, California, Illinois, New Jersey, and Pennsylvania.