earnings
confidence high
sentiment positive
materiality 0.55
American Water Q1 EPS $0.95 (up 4.4% YoY); affirms FY2024 guidance $5.20-$5.30
American Water Works Company, Inc.
2024-Q1 EPS reported
$0.95
revenue$1,003,000,000
- Q1 2024 EPS of $0.95 vs $0.91 in Q1 2023, in line with expectations.
- Affirms FY2024 EPS guidance range $5.20-$5.30 and long-term EPS/dividend growth targets of 7-9%.
- Quarterly cash dividend raised 8.1% to $0.7650/share, payable June 2024.
- Completed February debt issuance of $1.4B: $700M 5.150% notes due 2034 and $700M 5.450% notes due 2054.
- 2024 capital plan of $3.1B on track; closed Granite City, IL acquisition for $86M in March.