2025 GAAP earnings of $5.69 per share, compared to $5.39 per share in 2024 and fourth quarter 2025 GAAP earnings of $1.22 per share, compared to $1.22 in the fourth quarter 2024 2025 results of $5.74 per share exclude $0.05 of transaction costs associated with pending merger with Essential Utilities; achieved the upper half of the earnings guidance range of $5.70 to $5.75 per share Excluding transaction costs for the pending merger and incremental interest income from the HOS secured seller note, 2025 adjusted earnings of $5.64 per share, compared to $5.18 per share in 2024, an 8.9% increase Delivered dividend growth of 8.2% for the year Invested $3.2 billion in capital in 2025, driven by system need in support of water quality and reliability HOS $795 million secured seller note repaid in full on February 13, 2026 Affirmed long-term EPS and dividend growth targets of 7-9% On February 10, 2026, shareholders of American Water and Essential Utilities overwhelmingly approved their merger-related proposals CAMDEN, N.J., Feb. 18, 2026 /PRNewswire/ -- American Water Works Company, Inc. (NYSE: AWK) today reported adjusted earnings of $1.24 per share for the fourth quarter 2025 compared to $1.15 per share in 2024, and full year adjusted earnings in 2025 of $5.64 per share compared to $5.18 per share in 2024.