Equity Profile

AWK

American Water Works Company, Inc.

UtilitiesWater Utilities$24.3B

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 reflects the company's ability to expand its customer base and increase service rates, which is vital for long-term sustainability.

N/A

1 more metrics, 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 utility company, it plays a crucial role in delivering essential services to millions of customers, making it a key player in the utilities sector.

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, falling short of the expected $1.10, which resulted in a slight decline in stock price. The company continues to face challenges in meeting analyst expectations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, analysts are cautious ahead of the upcoming earnings report, especially given the recent EPS misses. Investors will be looking for signs of recovery in profitability and growth.

Bull Case

If American Water can demonstrate improved customer growth and better cost management, it could lead to a positive surprise in earnings, boosting investor confidence.

Bear Case

Conversely, if the company continues to miss earnings expectations and fails to show significant revenue growth, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be crucial in determining whether the company can recover from recent misses and regain investor confidence.

How many new customers did the company add this quarter?

Customer growth is a key indicator of demand for services and overall business health, impacting future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be overly pessimistic about American Water's ability to recover, especially if customer growth exceeds expectations.

Supporting Evidence

The options market is pricing a significant move, indicating that investors are expecting volatility and potential surprises.

Historical performance shows that even slight earnings beats have resulted in positive stock movements, suggesting potential upside.

Key Risk

If customer growth exceeds 2% this quarter, it could challenge the current negative sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report will be pivotal in assessing the company's ability to meet or exceed expectations after several recent misses.

Bull Confirmed If

An EPS of $1.15 or higher would indicate strong operational performance and cost management.

Bear Confirmed If

An EPS below $0.95 would confirm ongoing challenges and could lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±10.02%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Utilities

n=30

Fade rate: 15 of 30 (50%)

This setup has occurred 30 times across Utilities in the last 2 years. 15 of 30 faded and 15 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.7%, with a raw directional average of -0.8% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If American Water beats expectations, history suggests the stock could see a modest increase, confirming a recovery narrative.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a slight decline.

Miss

A miss could lead to a further drop in stock price, with history suggesting an average decline of around 0.82%.

Preparation

Congressional Activity

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

Trades

0 buys·2 sells

Members

House only

Est. Notional

$51,002.00–$115,000.00

disclosed dollar ranges

Most Active Members

D-WARick LarsenRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies and their effectiveness.
2Details on cost management initiatives and their impact on margins.
3Insights into regulatory changes that could affect pricing.
4Comments on infrastructure investments and their expected returns.
5Management's outlook on future growth and market conditions.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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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 reflects the company's ability to expand its customer base and increase service rates, which is vital for long-term sustainability.

N/A

1 more metrics, 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

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, analysts are cautious ahead of the upcoming earnings report, especially given the recent EPS misses. Investors will be looking for signs of recovery in profitability and growth.

Bull Case

If American Water can demonstrate improved customer growth and better cost management, it could lead to a positive surprise in earnings, boosting investor confidence.

Bear Case

Conversely, if the company continues to miss earnings expectations and fails to show significant revenue growth, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be crucial in determining whether the company can recover from recent misses and regain investor confidence.

How many new customers did the company add this quarter?

Customer growth is a key indicator of demand for services and overall business health, impacting future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be overly pessimistic about American Water's ability to recover, especially if customer growth exceeds expectations.

Supporting Evidence

The options market is pricing a significant move, indicating that investors are expecting volatility and potential surprises.

Historical performance shows that even slight earnings beats have resulted in positive stock movements, suggesting potential upside.

Key Risk

If customer growth exceeds 2% this quarter, it could challenge the current negative sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report will be pivotal in assessing the company's ability to meet or exceed expectations after several recent misses.

Bull Confirmed If

An EPS of $1.15 or higher would indicate strong operational performance and cost management.

Bear Confirmed If

An EPS below $0.95 would confirm ongoing challenges and could lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±10.02%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Utilities

n=30

Fade rate: 15 of 30 (50%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If American Water beats expectations, history suggests the stock could see a modest increase, confirming a recovery narrative.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a slight decline.

Miss

A miss could lead to a further drop in stock price, with history suggesting an average decline of around 0.82%.

Preparation

Congressional Activity

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

Trades

0 buys·2 sells

Members

House only

Est. Notional

$51,002.00–$115,000.00

disclosed dollar ranges

Most Active Members

D-WARick LarsenRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies and their effectiveness.
2Details on cost management initiatives and their impact on margins.
3Insights into regulatory changes that could affect pricing.
4Comments on infrastructure investments and their expected returns.
5Management's outlook on future growth and market conditions.