Regulated Water Utilities

credit / rates affecting interest expense

“Other Presented in the table below is information for Other: For the Three Months Ended March 31, (In millions) 2026 2025 Operating revenues $ 96 $ 93 Operation and maintenance 76 73 Depreciation and amortization 3 3 General taxes 4 6 Interest expense (37) (30) Interest income 11 21 Other income 3 7 Provision for income taxes 2 5 Net (loss) income attributable to common shareholders $ (12) $ 4 Interest expense For the three months ended March 31, 2026, interest expense increased $7 million primarily due to the issuance of incremental long-term debt in the prior period.”

AWK 10-Q

capital investment / capacity affecting capex

“The increase in cash flows provided by financing activities is due to higher long-term and short-term debt borrowings and the proceeds from the issuance of common stock under Middlesex’s At-the-Market (ATM) equity offering program (for further information on Middlesex’s ATM equity offering program, see below under Capital Expenditures and Commitments) partially offset by increased redemption of long-term-debt.”

MSEX 10-Q

credit / rates

“For the three months ended March 31, 2026, cash flows used in financing activities increased $620 million, primarily due to lower issuances of long-term debt, net repayments of short-term commercial paper compared to net borrowings in the prior period and higher dividend payments, partially offset by lower repayments of long-term debt.”

AWK 10-Q