American Water and WEX post Q3 results, with some metrics below estimates
Reuters reports American Water and WEX third-quarter figures: American Water's revenue and operating income trailed IBES estimates, while WEX guided full-year revenue above consensus.
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what happened
American Water reported third-quarter operating expenses of $869 million and revenue of $1,510 million, against an IBES estimate of $1,562 million. Net income for the quarter came to $387 million, and operating income was $641 million, compared with an estimate of $674.5 million.
According to Reuters, WEX booked a provision for credit losses of $23.2 million in the third quarter. Its operating income was $238.8 million and net income was $134.1 million. The company also gave a full-year revenue outlook of $2,970 million to $2,990 million, while the IBES estimate stood at $2,895 million.
why it matters
For the broader market these reports are routine company data, but they show how a utility and a payments company are performing against expectations. Investors in these stocks focus on gaps versus consensus, and WEX's outlook above analyst forecasts stands out.
tags
instruments
sources
- BRIEF-American Water Q3 Pretax Profit USD 499 Million — Reuters, 28 October 2026 at 20:31 UTC
- BRIEF-WEX Q3 Pretax Profit USD 185.5 Million — Reuters, 28 October 2026 at 20:31 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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