Equity Profile

AWK

American Water Works Company, Inc.

UtilitiesWater Utilities$25.7B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

American Water Works Company, Inc. (AWK) is a leading provider of water and wastewater services in the United States....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth is vital for assessing the company's ability to expand its customer base and increase service rates.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

AWK Q2-2026 Earnings Preview

Context

Company Snapshot

American Water Works Company, Inc. (AWK) is a leading provider of water and wastewater services in the United States. As a key player in the utilities sector, it plays a crucial role in ensuring access to clean water, which is essential for public health and economic growth.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-0.70%

Avg Stock Reaction

-0.80%

Last Quarter Recap

In Q1 2026, American Water Works reported an EPS of $1.01, missing expectations by 8.18%. The stock reacted negatively, declining by 0.53% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for American Water Works are cautious, especially following recent earnings misses. Investors will be closely watching for signs of recovery in profitability and revenue.

Bull Case

If the company can demonstrate improved operational efficiency and better-than-expected revenue growth, it could restore investor confidence and drive the stock higher.

Bear Case

Conversely, continued earnings misses or weak guidance could further erode investor sentiment, leading to a decline in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and will it meet or exceed analyst expectations?

Given the company's recent earnings misses, the market will heavily weigh this figure to gauge recovery in profitability.

What are the management's expectations for revenue growth in the upcoming quarters?

Revenue growth is crucial for assessing the company's long-term viability and ability to invest in infrastructure.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for operational improvements and cost management, which could lead to better-than-expected results.

Supporting Evidence

The options market is pricing a 10.02% move, indicating higher volatility expectations that may not align with historical performance.

The company has a history of recovering from earnings misses, which could be overlooked by current market sentiment.

Key Risk

If the EPS comes in above $1.10, it could shift the narrative towards a recovery.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results are critical as they will reveal whether the company can overcome recent operational difficulties and regain investor trust.

Bull Confirmed If

An EPS of $1.10 or better would confirm a positive turnaround in profitability.

Bear Confirmed If

An EPS below $1.00 would indicate ongoing challenges and could signal further declines.

Pre-Earnings Positioning

Options Market

Implied Move

±10.02%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant potential move, suggesting that investors are anticipating volatility around the earnings announcement.

Options are pricing ±10.0% while AWK has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

18.2%

Calls (77K)P/C Ratio: 0.90Puts (10K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If American Water Works beats expectations, history suggests the stock could rise, confirming a recovery narrative.

In-Line / Cautious

If results are in line with expectations but cautious commentary is provided, the stock may remain stable but could see limited upside.

Miss

A miss on earnings would likely lead to a decline in stock price, with history suggesting an average drop of around 0.82%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-WARick LarsenRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management initiatives and their impact on profitability.
2Insights into customer growth and retention rates in the water services segment.
3Management's outlook on regulatory changes that could affect operations.
4Details on capital expenditures and investment plans for infrastructure improvements.
5Any commentary on competitive pressures in the water utilities market.

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Company Snapshot

American Water Works Company, Inc. (AWK) is a leading provider of water and wastewater services in the United States....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth is vital for assessing the company's ability to expand its customer base and increase service rates.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

AWK Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-0.70%

Avg Stock Reaction

-0.80%

Last Quarter Recap

In Q1 2026, American Water Works reported an EPS of $1.01, missing expectations by 8.18%. The stock reacted negatively, declining by 0.53% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for American Water Works are cautious, especially following recent earnings misses. Investors will be closely watching for signs of recovery in profitability and revenue.

Bull Case

If the company can demonstrate improved operational efficiency and better-than-expected revenue growth, it could restore investor confidence and drive the stock higher.

Bear Case

Conversely, continued earnings misses or weak guidance could further erode investor sentiment, leading to a decline in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and will it meet or exceed analyst expectations?

Given the company's recent earnings misses, the market will heavily weigh this figure to gauge recovery in profitability.

What are the management's expectations for revenue growth in the upcoming quarters?

Revenue growth is crucial for assessing the company's long-term viability and ability to invest in infrastructure.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for operational improvements and cost management, which could lead to better-than-expected results.

Supporting Evidence

The options market is pricing a 10.02% move, indicating higher volatility expectations that may not align with historical performance.

The company has a history of recovering from earnings misses, which could be overlooked by current market sentiment.

Key Risk

If the EPS comes in above $1.10, it could shift the narrative towards a recovery.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results are critical as they will reveal whether the company can overcome recent operational difficulties and regain investor trust.

Bull Confirmed If

An EPS of $1.10 or better would confirm a positive turnaround in profitability.

Bear Confirmed If

An EPS below $1.00 would indicate ongoing challenges and could signal further declines.

Pre-Earnings Positioning

Options Market

Implied Move

±10.02%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant potential move, suggesting that investors are anticipating volatility around the earnings announcement.

Options are pricing ±10.0% while AWK has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

18.2%

Calls (77K)P/C Ratio: 0.90Puts (10K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If American Water Works beats expectations, history suggests the stock could rise, confirming a recovery narrative.

In-Line / Cautious

If results are in line with expectations but cautious commentary is provided, the stock may remain stable but could see limited upside.

Miss

A miss on earnings would likely lead to a decline in stock price, with history suggesting an average drop of around 0.82%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-WARick LarsenRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management initiatives and their impact on profitability.
2Insights into customer growth and retention rates in the water services segment.
3Management's outlook on regulatory changes that could affect operations.
4Details on capital expenditures and investment plans for infrastructure improvements.
5Any commentary on competitive pressures in the water utilities market.