American Water Works (AWK) Tops Q3 EPS by 1c, Offers Guidance

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Go back to American Water Works (AWK) Tops Q3 EPS by 1c, Offers Guidance

American Water Reports Strong Third Quarter 2023 Results; Affirms 2023 Guidance; Announces 2024 EPS Guidance and Capital Investment Plans; Affirms Long-Term Growth Targets

November 1, 2023 4:32 PM EDT

Third quarter 2023 earnings were $1.66 per share, compared to $1.63 per share in 2022; year-to-date 2023 earnings were $4.03 per share, compared to $3.70 per share in 2022 Quarter-to-date and year-to-date 2023 results reflect the favorable impact of an estimated $0.04 and $0.11 per share, respectively, from warm, dry weather; quarter-to-date and year-to-date 2022 results reflect the favorable impact of $0.06 per share from weather 2023 earnings per share guidance range of $4.72 to $4.82 affirmed, on a weather-normalized basis Capital investment plan of $2.9 billion in 2023 on track Initiating 2024 earnings per share guidance range of $5.10 to $5.20 and 2024-2028... More