earnings
confidence high
sentiment positive
materiality 0.70
American Water reports FY2023 EPS $4.90, raises 2024 EPS guidance to $5.20-$5.30
American Water Works Company, Inc.
2023-FY EPS reported
$4.90
revenue$4,217,000,000
- Full-year 2023 EPS $4.90 (vs $4.51 in 2022); weather-normalized EPS $4.77 (vs $4.45).
- Q4 2023 EPS $0.88 (vs $0.81 in 2022).
- Record $2.7B capital investment in 2023; rate base grew 10.7% YoY.
- 2024 EPS guidance raised from $5.10-$5.20 to $5.20-$5.30 due to interest income from HOS note restructuring.
- Reaffirms long-term 7-9% EPS and dividend growth targets announced in Nov. 2023.