Company: AWK
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001410636-25-000150
Chunk: 90

Company: American Water Works Company, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 in additional annualized revenues.

Other Regulatory Matters

The Pennsylvania Public Utility Commission (the “PaPUC”), as part of its July 22, 2024, approval of the general rate case filed by the Company’s Pennsylvania subsidiary on November 8, 2023, initiated an investigation into certain reported water service and water quality issues in the Pennsylvania subsidiary’s Northeastern service territory, which reports had been provided during public input hearings convened in the general rate case. The PaPUC is expected to conclude the investigation in the third quarter of 2025.

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Consolidated Results of Operations

Presented in the table below are the Company’s consolidated results of operations:

 For the Three Months Ended June 30,For the Six Months Ended June 30,(In millions)2025202420252024Operating revenues$1,276 $1,149 $2,418 $2,160 Operating expenses:Operation and maintenance480 427 948 843 Depreciation and amortization221 193 437 381 General taxes86 81 173 162 Other— (1)— (1)Total operating expenses, net787 700 1,558 1,385 Operating income489 449 860 775 Other (expense) income:Interest expense (151)(131)(295)(255)Interest income22 25 44 49 Non-operating benefit costs, net4 7 8 16 Other, net12 11 29 18 Total other (expense) income(113)(88)(214)(172)Income before income taxes376 361 646 603 Provision for income taxes87 84 152 141 Net income attributable to common shareholders$289 $277 $494 $462 

Segment Results of Operations

The Company’s operating segments are comprised of its businesses which generate revenue, incur expense and have separate financial information which is regularly used by the chief operating decision maker to make operating decisions, assess performance and allocate resources. The Company operates its business primarily through one reportable segment, the Regulated Businesses segment. Other, primarily includes MSG, which does not meet the criteria of a reportable segment in accordance with GAAP. Other also includes corporate costs that are not allocated to the Company’s Regulated Businesses, interest income related to the secured seller promissory note from the sale of HOS, income from assets not associated with the Regulated Businesses, eliminations of inter