American Water Works Company, Inc. (AWK) KPIs and segments

AWKNYSEWater SupplyFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 9/3010% above fair value

$147.58−2.08 (-1.39%)

Close on Nov 12, 2026Market cap $29.38BP/E 25.6Yield 2.24%

KPIs & segments

Operating metrics and segments that drive American Water Works's business · fiscal year ends December 31

American Water Works KPIs at a glance: 48 operating metrics, including Total Billed Water Services Volume, Total Regulated Water & Wastewater Customers and Regulated Customer Connections Added via Closed, drawn from 259 source documents, alongside revenue by segment, product and region from SEC filings. Each figure links to the document it came from. All metrics shows the full sheet; Core narrows it to segments and headline KPIs. The segment tables also offer a trailing-twelve-month view.

The chart is empty. Tick the box next to any metric in the table below to plot it — tick several to compare them on one chart.

Segments, headline KPIs and every operating metric from filings, earnings releases and presentations.

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023

Water Services($M)	1,263	1,138	988	1,032	1,220	1,052	929	969	1,113	950	826	866
Wastewater Services($M)	120	113	107	106	113	107	101	92	96	88	85	85
Miscellaneous Utility Charge($M)	12	12	12	11	13	14	11	9	14	10	9	9

Earlier reporting (last reported 2026)1

Earlier reporting (last reported 2026)1

Earlier reporting (last reported 2026)1

Earlier reporting (last reported 2026)1

Total Billed Water Services Volume4	99,387.00	80,463.00	73,176.00	81,438.00	101,078.00	77,792.00	72,934.00	81,777.00	102,050.00	80,900.00	71,158.00	78,353.00
Residential Billed Water Volume	48,700.00	38,739.00	34,511.00	39,309.00	49,847.00	37,423.00	34,691.00	39,831.00	51,137.00	38,201.00	34,414.00	37,394.00
Commercial Billed Water Volume	23,860.00	19,310.00	17,553.00	20,210.00	24,391.00	19,066.00	17,197.00	19,414.00	24,389.00	19,291.00	17,291.00	19,375.00
Industrial Billed Water Volume	11,530.00	8,955.00	9,160.00	8,946.00	10,443.00	8,660.00	8,654.00	8,909.00	10,261.00	9,710.00	8,337.00	8,390.00
Fire Service, Public & Other Billed Water Volume	15,297.00	13,459.00	11,952.00	12,973.00	16,397.00	12,643.00	12,392.00	13,623.00	16,263.00	13,698.00	11,116.00	13,194.00
Regulated Customer Connections Added via Closed Acquisitions1	28,300	48,100	4,600	9,900	3,400	7,300	300	36,100	0	7,400	26,000	10,200
Closed Regulated Acquisitions — Aggregate Purchase Price($M)	91	326	20	53	9	18	3	298	0	33	86	45
Regulated Customer Connections Added via Organic Growth	5,100	5,300	3,700	4,300	5,600	5,000	4,000	4,700	5,100	5,200	4,400	4,600
Pending Regulated Acquisitions — Customer Connections Under Agreement2	36,000	56,600	101,600	104,300	98,000	84,000	29,000	24,200	43,400	59,000	66,800	88,300
Pending Regulated Acquisition Agreements Count	19	19	22	20	24	17	18	17	22	22	26	25
Pending Regulated Acquisitions — Aggregate Contracted Purchase Price($M)	182	236	563	582	572	499	123	105	169	483	517	589

Total Regulated Businesses Operating Revenue($M)6	1,403	1,268	1,111	1,153	1,343	1,178	1,049	1,092	1,219	1,057	928	960
Total Water Services Revenue($M)5	1,263	1,138	988	1,032	1,220	1,052	929	978	1,106	957	832	854
Residential Water Revenue($M)	762	689	593	621	739	637	560	586	679	580	504	521
Commercial Water Revenue($M)	297	259	229	239	287	243	212	226	255	217	187	198
Public & Other Water Revenue($M)	95	85	70	73	93	78	67	79	81	73	58	54
Industrial Water Revenue($M)	60	56	48	49	55	46	45	46	50	46	42	41
Fire Service Water Revenue($M)	49	49	48	50	46	48	45	41	41	41	41	40
Total Wastewater Services Revenue($M)4	120	113	107	106	113	107	101	93	97	88	85	85
Residential Wastewater Revenue($M)	81	74	74	73	75	71	68	64	62	60	59	59
Commercial Wastewater Revenue($M)	26	25	22	22	25	21	18	18	20	16	16	16
Public & Other Wastewater Revenue($M)	10	11	9	18	6	10	10	8	11	9	8	8
Industrial Wastewater Revenue($M)	3	3	2	-7	7	5	5	3	4	3	2	2
Other Regulated Revenues (Fees, ARP & Leases)($M)2	20	17	16	15	10	19	19	21	16	12	11	21
Alternative Revenue Programs (ARP — Decoupling & WNA)($M)	7	4	2	1	0	4	6	10	0	5	2	-2
Regulated Lease Revenues($M)	1	1	2	3	1	1	2	2	2	2	2	2
Regulated Revenue Outside ASC 606 Scope (ARP & Leases)($M)	8	5	4	4	0	5	8	22	0	9	8	0
Regulated Revenue YoY Increase from Authorized Rate Cases & Infrastructure Surcharges($M)	72	52	56	90	103	119	97	105	83	42	53
Regulated Revenue YoY Increase from Closed Acquisitions & Organic Customer Growth($M)	23	11	6	12	12	11	14	12	11	10	8

Authorized Annualized Revenue Increases Effective in Period — General Rate Cases (Note 3)($M)3	68	75	36	18	0	94	138	27	80	133	43	0
Authorized Annualized Revenue Increases Effective in Period — Infrastructure Surcharges (DSIC/WSIC/SIC/QIP)($M)	0	52	53	26	5	15	23	0	0	35	55	0
Cumulative YTD General Rate Case Annualized Revenue Authorizations Since Jan 1 (8-K Releases)($M)	179	111	36	264	232	232	138	389	256	176	43	273
Cumulative YTD Infrastructure Surcharge Annualized Revenue Authorizations Since Jan 1 (8-K Releases)($M)	105	105	53	85	43	38	23	113	90	90	55	117
Pending General Rate Cases & Infrastructure Surcharges — Total Annualized Revenue Request($M)1	360	494	518	573	141	126	100	161	375	546	636	670
Jurisdictions with Active General Rate Cases in Progress	5	6	5	7	4	3	3	4	7	7	8	8
Pennsylvania (PAWC) — Authorized Rate Base($M)2	6,600	6,600	5,800	5,800	5,824	5,824	5,824	5,824	5,824	5,824	5,141
Pennsylvania (PAWC) — Authorized Return on Equity (ROE)(%)	9.6%	9.6%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%	9.5%	10.0%
Pennsylvania (PAWC) — Authorized Common Equity Ratio(%)	54.2%	54.2%	55.3%	55.3%	55.3%	55.3%	55.3%	55.3%	55.3%	55.3%	55.2%
New Jersey (NJAWC) — Authorized Rate Base($M)2	6,100	5,100	5,100	5,100	5,051	5,051	5,051	5,051	5,051	4,146	4,146
New Jersey (NJAWC) — Authorized Return on Equity (ROE)(%)	9.5%	9.6%	9.6%	9.6%	9.6%	9.6%	9.6%	9.6%	9.6%	9.6%	9.6%
New Jersey (NJAWC) — Authorized Common Equity Ratio(%)	54.0%	55.0%	55.0%	55.0%	55.0%	55.0%	55.0%	55.0%	55.0%	54.6%	54.6%
West Virginia (WVAWC) — Authorized Rate Base($M)2	1,100	1,050	1,050	890	886	886	886	886	886	886	886
West Virginia (WVAWC) — Authorized Return on Equity (ROE)(%)	9.8%	9.8%	9.8%	9.8%	9.8%	9.8%	9.8%	9.8%	9.8%	9.8%	9.8%
West Virginia (WVAWC) — Authorized Common Equity Ratio(%)	51.0%	51.0%	51.0%	50.1%	50.1%	50.1%	50.1%	50.1%	50.1%	50.1%	50.1%
California (CAWC) — Authorized Return on Equity (ROE, Water Cost of Capital Mechanism)(%)	10.2%	10.2%	10.2%	10.2%	10.2%	10.2%	10.2%	10.2%	10.2%	10.2%	10.2%
Maryland (MDAWC) — Authorized Return on Equity (ROE)(%)1	9.8%	9.8%	9.8%	9.9%	9.9%
Maryland (MDAWC) — Authorized Common Equity Ratio(%)	52.3%	52.3%	52.3%	48.7%	48.7%

Regulated Businesses — Total Operation and Maintenance (O&M) Expense($M)6	440	409	417	408	433	406	395	408	402	356	351	398
Employee-Related O&M Costs($M)	147	149	153	151	142	140	149	138	134	136	135	127
Water & Wastewater Production O&M Costs($M)	149	128	117	118	142	117	106	114	133	109	102	114
Operating Supplies and Services O&M Expense($M)	72	72	76	73	77	84	72	78	72	61	63	82
Maintenance Materials and Supplies O&M Expense($M)	18	19	28	23	26	26	29	31	25	19	22	37
Customer Billing, Collections & Uncollectible O&M Expense($M)	28	19	24	23	27	22	20	24	20	14	14	17
Other Regulated O&M Expense (Casualty & General)($M)	26	22	19	20	19	17	19	23	18	17	15	21
Military Services Group (MSG) — 50-Year U.S. Government Contract Backlog (Remaining Performance Obligations)4	7.40	7.40	7.40	7.40	7.40	7.40	7.40	7.40	7.40	7.20	7.20	7.20
Municipal Water & Wastewater O&M Contracts — Remaining Performance Obligations (RPO)($M)	512	521	496	508	533	560	585	612	631	638	666	612
Current Contract Assets (Unbilled Construction & O&M)($M)	52	188	190		153	149	103		65	93	108
Current Contract Liabilities (Deferred Contract Revenue)($M)	12	24	26		16	25	29		32	55	63
Long-Term Contract Liabilities($M)	34	17	13		31	24	25		10
Regulated Businesses — Segment Operating Revenue (Note 17 / Note 19)($M)10	1,403	1,268	1,111	1,153	1,343	1,178	1,049	1,092	1,219	1,057	928	960
Regulated Businesses — Segment O&M Expense($M)	440	409	417	408	433	406	395	408	402	356	351	398
Other (Military Services Group & Corporate) — O&M Expense($M)	91	72	76	140	90	74	73	111	94	71	65
Regulated Businesses — Segment Depreciation & Amortization($M)	242	238	234	229	224	217	213	203	196	189	184	178
Other — Depreciation & Amortization($M)	3	2	3	2	2	4	3	4	4	4	4	3
Regulated Businesses — General Taxes (Property, Franchise & Gross Receipts)($M)	89	86	82	81	82	81	81	69	79	77	76	75
Regulated Businesses — Segment Interest Expense($M)	131	127	126	122	122	116	114	110	107	102	97
Other (Parent & Corporate Debt) — Interest Expense($M)	36	40	37	40	36	35	30	26	25	29	27
Regulated Businesses — Provision for Income Taxes($M)	116	96	61	65	112	84	60	69	102	78	53	56
Regulated Businesses — Segment Capital Expenditures($M)	879	852	657	1,042	792	733	545	884	683	668	603	786
Other — Capital Expenditures($M)	9	8	2	6	5	0	3	10	0	2	6	10

Essential Utilities (Aqua) — Regulated Water Segment Operating Revenue($M)9	381	358	323	329	364	332	301	305	334	302	280	282
Aqua — Residential Water Revenue($M)	214	200	178	181	202	185	164	163	183	165	152	154
Aqua — Commercial Water Revenue($M)	60.2	55.4	49.3	51.3	59.8	52.0	45.5	46.4	52.6	45.8	41.7	43.3
Aqua — Fire Protection Water Revenue($M)	11.7	12.0	11.6		12.2	11.9	11.2		10.7	10.7	10.4
Aqua — Industrial Water Revenue($M)	12.4	10.6	9.82	10.7	11.7	10.2	9.05	8.30	9.75	8.64	8.14	8.36
Aqua — Other Water Revenue($M)	14.1	12.7	14.3	62.4	16.1	14.3	17.7	64.2	23.6	19.9	15.6	56.5
Aqua — Total Wastewater Revenue($M)	64.8	63.1	57.1	56.8	59.3	56.0	51.0	50.6	51.8	48.1	48.7	47.0
Aqua — Residential Wastewater Revenue($M)	48.6	47.3	42.8		43	41.5	38.4		37.5	36.1	35.6
Aqua — Commercial Wastewater Revenue($M)	12.9	12.1	10.7		11.1	10.5	9.18		9.78	8.81	8.98
Aqua — Regulated Water Segment O&M Expense($M)	105	109	103	110	106	100	89.4	98.5	96.4	95.6	90.7	94.1
Essential Utilities (Peoples) — Regulated Natural Gas Segment Operating Revenue($M)5	123	169	529	361	108	177	471	294	96.7	128	324	189
Peoples — Residential Natural Gas Revenue($M)	63.8	94.3	356	244	59.0	103	302	178	49.4	70.6	207	104
Peoples — Commercial Natural Gas Revenue($M)	12.9	18.7	77.1	47.7	12	20.2	61.4	34.3	9.84	14.4	42.2	20.2
Peoples — Industrial Natural Gas Revenue($M)	0.31	0.42	1.84	1.14	0.23	0.51	1.27	0.80	0.23	0.36	0.89	0.62
Peoples — Gas Transportation Revenue($M)	34.5	42.2	101	74.0	30.1	41.6	96.5	61.0	27.6	35.4	70.5	55.5
Peoples — Regulated Natural Gas Segment O&M Expense($M)	43.0	49.9	56.2	74.7	47.5	49.8	55.7	62.6	49	49.7	45.9	60.8

Consolidated Operating Revenues($M)	1,502	1,350	1,203	1,266	1,454	1,272	1,134	1,201	1,328	1,140	1,003	1,032
Consolidated Operating Income($M)5	641	542	391	405	614	489	371	400	543	449	326	299
Consolidated Total Operating Expenses($M)	869	813	816	866	837	787	771	801	780	700	685	733
Consolidated Interest Expense($M)	167	167	163	162	158	151	144	136	132	131	124	118
Consolidated Non-Operating Income (Expense)($M)	-142	-137	-132	-123	-120	-113	-101	-97	-90	-88	-84	-81
Consolidated Income Before Income Taxes($M)	499	405	259	282	494	376	270	303	453	361	242	218
Consolidated Provision for Income Taxes($M)	112	90	63	44	115	87	65	64	103	84	57	47
Consolidated Net Income Attributable to Common Stockholders($M)5	387	315	196	238	379	289	205	239	350	277	185	171
Net Income Available to Common Stockholders($M)	387	315	196	238	379	289	205	239	350	277	185	171
Diluted Earnings Per Common Share($)	1.94	1.61	1		1.94	1.48	1.05	1.22	1.80	1.42	0.95	0.88
Basic Earnings Per Common Share($)	1.94	1.61	1		1.94	1.48	1.05	1.22	1.80	1.42	0.95	0.88
Weighted-Average Diluted Shares Outstanding(M)	199	196	195		195	195	195		195	195	195
Weighted-Average Basic Shares Outstanding(M)	199	196	195		195	195	195		195	195	195
Consolidated Net Cash Provided by Operating Activities($M)9	728	602	305	663	764	301	331	639	679	345	382	527
Consolidated Capital Expenditures (Cash Outflow Sign-Flipped)($M)	888	860	659	1,048	797	733	548	894	683	670	609	796
Consolidated Depreciation and Amortization($M)	245	240	237	231	226	221	216	207	200	193	188	181
Deferred Income Taxes & Investment Tax Credits (Cash Flow)($M)	62	63	231	31	53	35	16	72	47	29	8	79
Cash Paid for Acquisitions (Net of Cash Acquired)($M)	45	326	20	49	9	10	3	298	-0	33	86	45
Consolidated Net Cash Used in Investing Activities($M)	-978	-1,220	93	-1,130	-839	-772	-568	-1,220	-688	-738	-733	-887
Proceeds from Issuance of Long-Term Debt($M)	554	1,286	7	5	900	66	810	21	13	12	1,391	18
Repayments of Long-Term Debt($M)	168	1,058	3	41	17	75	531	1	8	17	449	19
Cash Dividends Paid($M)	178	174	162	161	161	162	149	149	149	149	138	137
Consolidated Net Cash Provided by Financing Activities($M)	177	675	-366	397	149	449	254	544	88	-135	613	63
Consolidated Total Assets($M)15	37,227	36,453	35,264	35,442	34,748	33,913	33,156	32,830	31,790	31,215	31,086	30,298
Consolidated Net Property, Plant and Equipment($M)	32,692	31,917	31,073	30,576	29,612	28,932	28,377	28,038	27,007	26,532	26,023	25,438
Consolidated Goodwill($M)	1,307	1,282	1,156	1,156	1,151	1,151	1,144	1,144	1,143	1,143	1,143	1,143
Other Long-Term Assets (Regulatory Assets & Intangibles)($M)	409	288	291	302	372	369	397	399	400	352	331	416
Total Current Assets($M)	1,484	1,709	1,524	2,191	1,552	1,399	1,194	1,215	1,237	1,165	1,587	1,389
Cash and Cash Equivalents($M)	121	191	137	98	166	94	114	140	127	48	584	364
Accounts Receivable, Net($M)	473	432	386	395	459	424	380	416	453	393	323	339
Long-Term Debt (Noncurrent)($M)	13,987	14,043	12,766	12,777	13,022	12,278	13,318	12,518	12,550	12,553	12,566	11,715
Current Portion of Long-Term Debt($M)	898	446	1,494	1,479	1,269	1,119	114	637	585	575	557	475
Short-Term Borrowings & Commercial Paper($M)	1,449	1,499	1,366	1,588	1,005	1,589	999	879	215	0	0	179
Total Current Liabilities($M)	3,786	3,269	4,118	4,747	3,687	3,991	2,447	3,150	2,132	1,825	1,857	2,151
Accounts Payable($M)	321	326	272	378	302	306	240	346	259	215	231	294
Accrued Liabilities($M)	591	555	580	830	630	569	539	791	585	607	636	791
Other Long-Term Liabilities (Deferred Taxes, Regulatory Liabilities & CIAC)($M)	241	223	204	166	280	255	252	277	239	200	195	196
Common Stockholders' Equity($M)	11,931	11,665	11,037	10,837	10,907	10,682	10,534	10,332	10,362	10,152	10,007	9,797
Retained Earnings($M)	3,118	2,911	2,771	2,575	2,662	2,445	2,317	2,112	2,172	1,971	1,844	1,659

20 metrics have no data in the last 12 quarters — .

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics

Core rows come from the segment and revenue-disaggregation notes of 10-K and 10-Q filings (XBRL), linked to each filing. Fourth-quarter figures are the fiscal year less the first nine months (shown in italic).
American Water Works Company, Inc. (NYSE: AWK) is the largest and most geographically diverse publicly traded U.S. water and wastewater utility, serving approximately 3.57 million regulated customer connections (~14 million people) across 14 states and 18 U.S. military installations as of FY2025, plus ~46,600 customer connections added upon closing the Nexus Water Systems acquisition on June 1, 2026.
Standalone parent-only financial statements are not applicable for subsidiary subtraction because American Water Works Company, Inc. is a pure holding company whose utility operations are conducted through state-regulated subsidiaries and Military Services Group; instead, state-by-state revenues, customer counts, water supply mix, and authorized rate base / ROE / equity ratio parameters are directly disclosed and presented in Groups 3 and 4.
On October 26, 2025, American Water entered into a definitive Merger Agreement with Essential Utilities, Inc. (NYSE: WTRG, CIK 0000078128 — operating Aqua water/wastewater and Peoples natural gas utilities), approved by both companies' shareholders on February 10, 2026; Essential Utilities' self-reported water sendout volumes, customer counts, and segment revenues through Q3 2026 are presented in Group 7.
Period decompositions (italicized with formula tooltips) strictly follow allowed period-splitting rules: Q4 flow figures not separately tabulated in Form 10-K are derived as Full Year (10-K) minus Nine Months YTD (Q3 10-Q), and Q2/Q3 cumulative YTD disclosures (such as closed acquisitions, organic customer additions, effective rate case authorizations, and cash flows) are derived as current YTD minus prior YTD.

Not shown because recent periods are missing (5)

Market-Based Businesses Segment (Homeowner Services Group & New York American Water): Divested in December 2021 and January 2022; historical series ends in FY2021/FY2022.
Indiana (INAWC) Separate Line in State Revenue, Customer & Water Supply Tables: Separately tabulated only in FY2019–FY2020 Form 10-K before American Water transitioned to a Top-5 States (PA, NJ, MO, IL, CA) + Other States presentation starting in FY2021.
Iowa (IAWC) and Hawaii (HIAWC) Authorized Rate Base, ROE & Equity Ratio: Added to the quarterly investor presentation state regulatory table starting in Q3 2025 (only 1 annual point FY2025 and lacking Q3 2026 slide deck update).
U.S. EPA SDWIS Active Public Water Systems Registry Snapshot (132 active American Water public water systems): Federal registry endpoint provides a current point-in-time inventory snapshot rather than a multi-period historical time series.
Pro Forma Combined AWK + WTRG Customer Connections (~4.7M–5.5M) and Pro Forma Rate Base (~$40B+): Forward-looking merger presentation estimates and approximate bounds rather than historical actuals.

Data updated 2026-11-09.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

Regulated Billed Water Volumes, Customer Connections & M&A / Organic Customer Additions

Regulated Water & Wastewater Revenue Disaggregation & YoY Revenue Bridge Drivers

Total Regulated Businesses Operating Revenue ($M)27 periods

State-by-State Regulated Revenue, Customer Footprint & Water Supply Source Mix

Regulated Rate Base, Rate Case & Infrastructure Surcharge Authorizations & State Authorized ROEs

Regulated O&M Cost Structure, Complete Segment Footnote & 50-Year Military RPO Backlog

Utility Plant PPE by Asset Class, Physical Infrastructure, Customer Affordability & ESG Scorecard

Essential Utilities, Inc. (NYSE: WTRG — Aqua & Peoples) — Merger Partner Self-Reported Operational & Segment KPIs

Independent Monthly Water Utility, Input Cost, Treasury Yield & State Housing Benchmarks (FRED)

Segment & Consolidated Financial Context (Database)

Latest source documents

The documents cited most often for American Water Works's most recent figures

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