American Water Works (AWK) Tops Q3 EPS by 10c, Offers Guidance

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Go back to American Water Works (AWK) Tops Q3 EPS by 10c, Offers Guidance

American Water Reports Third Quarter 2022 Results; Affirms 2022 Guidance; Announces 2023 EPS Guidance, Long-Term Targets, and Capital Investment Plans

October 31, 2022 4:34 PM EDT

Third quarter 2022 earnings of $1.63 per share, compared to $1.53 per share in 2021; Year-to-date 2022 earnings of $3.70 per share, compared to $3.40 per share in 2021 Quarter and year-to-date results as compared to the prior year reflect an estimated favorable impact due to weather of $0.07 per share and $0.04 per share, respectively Invested $1.9 billion year-to-date and added 79,300 customer connections year-to-date through closed acquisitions and organic growth; total capital plan on track to invest approximately $2.5 billion in 2022 The Companys Pennsylvania subsidiary entered into an agreement to acquire the wastewater system of the Butler Area Sewer Authority, for $231.5... More