American Water Works Company, Inc. (AWK) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to American Water's fourth quarter 2025 earnings conference call. As a reminder, this call is being recorded and is also being webcast with an accompanying side presentation through the company's investor relations website. The audio webcast archive will be available for one year on American website's investor relations website. I would now like to introduce your host for today's call. Aaron Musgrave, Vice President of Investor Relations. Mr. Musgrave, you may begin. Good morning, everyone, and thank you for joining us for today's call. At the end of our prepared remarks, we will open up the call for your questions. Let me first go over some safe harbor language. Today, we will be making forward-looking statements that represent our expectations regarding our future performance or other future events. These statements are predictions based on our current expectations, estimates, and assumptions. However, since these statements deal with future events, they are subject to numerous known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from the results indicated or implied by such statements. Additional information regarding these risks, uncertainties, and factors, as well as a more detailed analysis of our financials and other important information, is provided in the fourth quarter earnings release and Form 10-K, each filed yesterday with the SEC. This call will include a discussion of non-GAAP financial information. A reconciliation of our historical adjusted earnings per share to GAAP earnings per share can be found in the appendix of the slides for this call. And finally, all statements during this presentation related to earnings and earnings per share are meant to refer to dilut...