American Water’s shares rose 1.7%, a roughly flat reaction. The company reported higher adjusted EPS and raised its 2026 outlook to the top half of its initial range, while initiating 2027 guidance and reaffirming long-term growth targets.
- Q3 adjusted EPS was $2.00, versus $1.89 in the year-ago quarter; nine-month adjusted EPS was $4.63, versus $4.40.
- The company narrowed its 2026 adjusted EPS guidance to $6.07–$6.12 and expects to reach the top half of its initial range.
- Initial stand-alone 2027 adjusted EPS guidance is $6.53–$6.63, representing 8% growth over 2026.
- American Water invested $2.8 billion in capital projects and acquisitions year to date and added nearly 81,000 customer connections through September, reaching its 2% customer-growth target.
- It reaffirmed long-term EPS and dividend-per-share growth targets of 7%–9%; the proposed Essential Utilities merger is still expected to close by the end of Q1 2027.
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