American Water Works Company, Inc. 8-K/A

What Happened

• On July 1, 2026 Missouri American Water (a wholly owned subsidiary of American Water Works Company, Inc.) filed a rate request with the Missouri Public Service Commission (MoPSC). The filing seeks approximately $179 million of annualized incremental revenue (excluding infrastructure surcharges of about $32 million, of which $18 million remains subject to approval).
• The request is based on a 10.50% return on equity and a capital structure with 50.3% equity and 49.7% long‑term debt. It is driven primarily by roughly $1.6 billion of incremental capital investments completed and planned from June 2025 through May 2028 (the forecasted future test period). Missouri American Water anticipates new rates would take effect in June 2027, subject to MoPSC approval and any required reconciliations after the future test year.

Key Details

• Requested annualized incremental revenue: ≈ $179 million (excludes infrastructure surcharges).
• Infrastructure surcharges: ≈ $32 million total; ~$18 million of that remains subject to approval.
• Regulatory assumptions: 10.50% return on equity; capital structure 50.3% equity / 49.7% long‑term debt.
• Investment driving the request: ≈ $1.6 billion from June 2025 through May 2028; anticipated effective date June 2027.

Why It Matters

• If approved as filed, the MoPSC order would raise Missouri American Water’s regulated revenues materially (the filing quantifies the requested increase at about $179M annually plus infrastructure surcharges), which could affect the company’s cash flow and regulated earnings from its Missouri operations.
• The request and timing are subject to regulatory review, possible settlements, and final MoPSC decisions; outcomes and timing may differ from the company’s expectations. The filing includes forward‑looking statements and notes the usual regulatory and business risks.