American Water said diluted earnings per share under GAAP for the 3 and 9 months ended September 30, 2025 were $1.94 and $4.47, respectively, compared to $1.80 and $4.17 in the same periods in 2024. The company cited the implementation of new rates in the Regulated Businesses as the primary driver of the increase.

1. 01

   American Water said diluted earnings per share under GAAP for the 3 and 9 months ended September 30, 2025 were $1.94 and $4.47, respectively, compared to $1.80 and $4.17 in the same periods in 2024. The company cited the implementation of new rates in the Regulated Businesses as the primary driver of the increase.

2. 02

   American Water said on October 26, 2025 the parent company entered into an Agreement and Plan of Merger with Essential in a stock-for-stock transaction, under which Essential shareholders will receive 0.305 shares of parent company common stock for each share of Essential common stock eligible for exchange. The company said it estimates the closing will occur by the end of Q1 2027.

3. 03

   American Water said on May 19, 2025 it entered into an agreement with Nexus Regulated Utilities, LLC to acquire equity interests in entities that own regulated water and wastewater system assets in 8 states. The company said the aggregate purchase price will be approximately $315 million in cash, subject to adjustment at closing, and it would add approximately 47,000 customer connections.

4. 04

   American Water said on August 8, 2025 AWCC completed the sale of $900 million aggregate principal amount of 5.700% Senior Notes due 2055, with net proceeds of approximately $887 million after deduction of underwriting discounts. The company said the proceeds were used to lend funds to American Water and the Regulated Businesses, to repay commercial paper obligations and for general corporate purposes.

Key figures

Quarter ended September 30, 2025

Revenue

$1.5B

Operating income

$614M

Net income

$379M

EPS

$1.94

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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