earnings
confidence high
sentiment positive
materiality 0.75
American Water Q2 EPS $1.44 vs $1.20 YoY; affirms 2023 guidance and long-term targets
American Water Works Company, Inc.
2023-Q2 EPS reported
$2.37
revenue$2,015,000,000
- Q2 2023 EPS $1.44, up from $1.20 YoY; warm/dry weather contributed ~$0.07.
- Year-to-date EPS $2.37 vs $2.07 in 2022.
- 2023 EPS guidance affirmed at $4.72-$4.82 weather-normalized; long-term 7-9% growth targets reaffirmed.
- Capital plan ~$2.9B in 2023; expects closing two major acquisitions late 2023.
- Issued $1.035B of 3.625% Exchangeable Senior Notes due 2026.