Welcome to our dedicated page for American Water Works Company SEC filings (Ticker: AWK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
American Water Works Company, Inc. filings document the regulatory, financial and governance disclosures of a regulated water and wastewater utility holding company. Recent Form 8-K reports include material-event disclosures for state public service commission orders, general rate cases, approved water and wastewater revenue adjustments, infrastructure capital investment recovery and related capital-structure measures for subsidiaries such as Maryland American Water and West Virginia American Water.
The company’s SEC record also includes proxy and governance materials, shareholder voting matters, operating and financial results, material agreements and capital-structure disclosures. These filings describe how utility regulation, rate-base investment, authorized returns, common-equity and debt ratios, board governance and shareholder approvals are reported within American Water Works’ public-company framework.
American Water Works Company, Inc. (AWK) reported a key regulatory step in its proposed merger with Essential Utilities, Inc. American Water, Essential Utilities and affiliates filed a joint petition for non-unanimous settlement with the Pennsylvania Public Utility Commission (PaPUC) on September 15, 2026, in the ongoing approval proceeding for the merger.
The settlement was reached with the PaPUC’s Bureau of Investigation and Enforcement, the Office of Consumer Advocate, the Office of Small Business Advocate and certain other parties, while one or more parties did not join. Administrative Law Judges will first review the settlement and issue a Recommended Decision to the PaPUC, after which the PaPUC will decide whether to approve it. The companies include extensive forward-looking statements highlighting that completion, timing, benefits and regulatory approvals for the merger remain subject to multiple risks and uncertainties.
American Water Works Company, Inc. (AWK), through its wholly owned finance subsidiary American Water Capital Corp. (AWCC), completed a registered public offering of $500.0 million aggregate principal amount of 5.550% Senior Notes due 2033. The notes benefit from a long-standing Support Agreement from American Water and were issued under AWCC’s existing indenture.
AWCC received approximately $496.6 million in net proceeds on September 16, 2026, after underwriting discounts and before expenses. AWCC intends to use the proceeds to repay at maturity $250.0 million of its 3.000% senior notes due December 1, 2026, lend funds to American Water and its regulated subsidiaries, repay a portion of its commercial paper, and for general corporate purposes.
American Water Works Company, Inc. (AWK), through its finance subsidiary American Water Capital Corp. (AWCC), is offering $500,000,000 principal amount of 5.550% Senior Notes due 2033 under its shelf registration. The notes are unsecured senior obligations of AWCC, benefit from a support agreement from American Water, and are not guaranteed by other subsidiaries.
The notes mature on October 1, 2033, pay interest semi-annually on April 1 and October 1 starting April 1, 2027, and may be redeemed early by AWCC, including at a make-whole price before the Par Call Date and at par thereafter. The price to the public is 99.951% of principal, with underwriting discounts of 0.625%, for gross proceeds to AWCC of about $496.6 million, and estimated net proceeds of about $495.3 million after expenses. As of June 30, 2026, American Water had $15,991 million of total consolidated debt, and AWCC had $1,499 million of commercial paper outstanding, giving context to the new issuance.
American Water Works Company, Inc. (AWK), through its finance subsidiary American Water Capital Corp. (AWCC), is offering a new series of unsecured senior notes under its shelf registration. The notes will pay fixed interest semi-annually on April 1 and October 1, beginning April 1, 2027, and will mature on an October 1 date in a future year. AWCC may redeem the notes at its option, including a make-whole redemption prior to a specified Par Call Date and at par thereafter, as described in the offering documents.
The notes rank equally with AWCC’s other senior unsecured debt and are structurally subordinated to secured debt and to obligations of American Water’s operating subsidiaries. A support agreement from American Water Works Company, Inc. functions as a full and unconditional guarantee, but that obligation is effectively subordinated to the liabilities of subsidiaries other than AWCC. AWCC is a financing vehicle that on-lends all long-term debt proceeds to American Water and its regulated utility subsidiaries.
American Water generated $5,140 million of consolidated operating revenues and $1,111 million of net income attributable to common shareholders in 2025, and had $15,991 million of total consolidated debt as of June 30, 2026. As of that date, long-term debt totaled $14,492 million (including $446 million current portion), commercial paper at AWCC was $1,499 million, and AWCC had $78 million of letters of credit outstanding. Risk factors emphasize dependence on subsidiary distributions to service the notes, the ability of subsidiaries to incur additional debt that would be effectively senior, and the possibility of limited secondary-market liquidity for the notes.
American Water Works Company, Inc. (AWK), through its subsidiary New Jersey American Water, received an order from the New Jersey Board of Public Utilities on September 9, 2026 approving a settlement in its general rate case. The order authorizes a $68 million annualized increase in water and wastewater revenues effective September 15, 2026, based on an authorized 9.5% return on equity, a $6.06 billion rate base, and a capital structure of 54.0% common equity and 46.0% long-term debt.
The revenue increase is driven primarily by $1.4 billion of incremental capital investments since the last general rate case and is intended to support continued upgrades to treatment, transmission and distribution systems, including approximately 120 miles of main replacement, lead service line work and PFAS-related treatment. Separately, New Jersey American Water will return more than $79 million in PFAS litigation proceeds and interest to eligible water customers via a $9.88 monthly PFAS settlement credit for 12 months under the PFAS Litigation Universal Surcredit (PLUS), which for many customers will more than offset the near-term bill impact of the new rates.
American Water Works Company, Inc. (AWK) reports that, on August 28, 2026, Administrative Law Judges in the Pennsylvania Public Utility Commission proceeding related to the proposed merger of Essential Utilities, Inc. into a wholly owned subsidiary of American Water issued an interim order. The order states that American Water, Essential Utilities, and certain affiliates have reached a non-unanimous settlement in that proceeding. This settlement remains subject to approval by the Pennsylvania Public Utility Commission. The company also highlights extensive forward-looking statement cautions, noting that completion, timing, regulatory approvals, and anticipated benefits of the proposed merger are uncertain and subject to numerous risks outlined in prior SEC filings and a joint proxy statement/prospectus.
Wellington Management Group LLP and affiliated entities report a significant institutional stake in American Water Works Company, Inc. They collectively report beneficial ownership of 14,911,972 shares of common stock, representing 7.64% of the class as of June 30, 2026.
Across the reporting entities, there is shared voting power over 14,761,889 shares and shared dispositive power over 14,911,963 shares, with no sole voting or dispositive power. The shares are held of record by clients of various Wellington investment advisers, which are controlled through a holding-company structure headed by Wellington Management Group LLP. The clients retain the economic rights to dividends and sale proceeds, and no individual client is known to hold more than five percent of this class.
American Water Works Company, Inc. reported second quarter 2026 diluted and adjusted earnings of $1.61 per share, compared to $1.48 and $1.49 per share, respectively, in 2025. Year-to-date 2026 diluted EPS was $2.61 and adjusted EPS was $2.62, compared to $2.53 and $2.51 in 2025.
Operating revenues were $1,355 million for the quarter and $2,562 million year-to-date, driven mainly by new rates and acquisitions in the Regulated Businesses, where net income reached $331 million for the quarter and $539 million year-to-date. The company invested $1.8 billion in infrastructure and growth in the first half of 2026 and plans approximately $3.7 billion of capital investment for the full year, including acquisitions and about 52,000 new customer connections.
The company affirmed its 2026 adjusted EPS guidance range of $6.02 to $6.12 and long-term EPS and dividend growth targets of 7-9%. Since January 1, 2026, regulators have authorized $216 million of additional annualized revenues, and a proposed merger with Essential Utilities continues to progress with three state approvals and a settlement in principle reached in Texas. The board declared a quarterly dividend of $0.8950 per share, payable September 1, 2026.
American Water Works reported Q2 2026 operating revenues of $1,355 million and net income attributable to common shareholders of $315 million, or $1.61 per diluted share. For the first six months, net income was $511 million on revenues of $2,562 million.
Operating cash flow for the first half reached $907 million, supporting $1,519 million of capital expenditures and the June 1 acquisition of Nexus Regulated Utilities’ systems for $319 million, adding about 47,000 customer connections and generating $126 million of goodwill.
General rate case and infrastructure mechanisms effective during 2026 provide annualized incremental revenues of $111 million and $105 million, respectively, with sizable additional requests pending in multiple states. The company settled 3,403,756 shares under equity Forward Sale Agreements for $476 million, issued $1,200 million of new senior notes, repaid $1,061 million of long-term debt and maintained total available liquidity of $1,363 million.
An agreement to merge with Essential Utilities continues toward an expected closing by the end of the first quarter of 2027, and updated corporate alternative minimum tax guidance removed a previously recorded $200 million CAMT credit while adding $50 million of uncertain tax liabilities.
American Water Works Company, Inc. reported that its Pennsylvania subsidiary, Pennsylvania American Water, received Pennsylvania Public Utility Commission (PUC) approval for a rate adjustment authorizing an annual revenue increase of approximately $74.9 million.
The decision is intended to support ongoing infrastructure work, including replacing aging assets, expanding PFAS treatment, and eliminating lead service lines, while maintaining a focus on affordability and customer assistance for about 2.5 million people in Pennsylvania. PUC Chairman Stephen M. DeFrank cited the subsidiary’s acquisitions, receiverships, and improvements at distressed systems as public benefits. Pennsylvania American Water is reviewing the decision and will provide details on bill impacts after receiving the final order.