Company: AWK
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001410636-25-000173
Chunk: 163

Company: American Water Works Company, Inc.
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 2
Chunk 163
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 Northeastern service territory, which reports had been provided during public input hearings convened in the general rate case. The PaPUC concluded the investigation and issued a Root Cause Analysis Report on August 5, 2025, which found no systemic issues affecting the Pennsylvania subsidiary’s water service in the Northeastern service territory and expressed satisfaction with the Pennsylvania subsidiary’s efforts to manage water service matters. The PaPUC committed to continued monitoring of the Pennsylvania subsidiary’s service over the next three years.

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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 September 30,For the Nine Months Ended September 30,(In millions)2025202420252024Operating revenues$1,451 $1,323 $3,869 $3,483 Operating expenses:Operation and maintenance523 496 1,471 1,339 Depreciation and amortization226 200 663 581 General taxes87 84 260 246 Other1 — 1 (1)Total operating expenses, net837 780 2,395 2,165 Operating income614 543 1,474 1,318 Other (expense) income:Interest expense (158)(132)(453)(387)Interest income23 22 67 71 Non-operating benefit costs, net4 7 12 23 Other, net11 13 40 31 Total other (expense) income(120)(90)(334)(262)Income before income taxes494 453 1,140 1,056 Provision for income taxes115 103 267 244 Net income attributable to common shareholders$379 $350 $873 $812 

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-segment transactions and