American Water Works misses quarterly results estimates on higher expenses

Feb 18 (Reuters) - American Water Works AWK.N reported fourth-quarter profit and revenue below Wall Street estimates on Wednesday amid rising expenses for the water and wastewater utility company.

This follows the company's decision to invest $46 billion to $48 billion over the next 10 years to upgrade its water and wastewater systems to cut leaks and improve efficiency and resilience.

Shares of the company fell about 1% in extended trading.

The Camden, New Jersey-based company affirmed its 2026 adjusted earnings forecast range of $6.02 to $6.12 per share.

American Water Works' adjusted profit for the quarter ended December 31 came in at $1.24 per share, up from $1.15 per share a year ago. Analysts, on average, were expecting a profit of $1.25 per share, according to data compiled by LSEG.

American Water Works reported quarterly total operating revenue of $1.27 billion, compared with analysts' expectations of $1.29 billion.