American Water Q1 2021 Earnings Report

Reported strong first quarter results driven by disciplined execution of strategies.

Key Takeaways

American Water reported first quarter earnings of $0.73 per share, a 7.4% increase compared to $0.68 per share in 2020. The company invested $342 million and added approximately 4,500 customer connections. They also entered into an agreement to acquire the wastewater system of the City of York, Pa., which will add more than 45,000 equivalent customer connections.

First quarter 2021 diluted earnings were $0.73 per share, compared to $0.68 per share in 2020, a 7.4% increase.

2021 earnings guidance range of $4.18 to $4.28 per share was affirmed.

Invested $342 million in the first quarter and added approximately 4,500 customer connections year-to-date through closed acquisitions and organic growth.

Entered into an agreement to acquire the wastewater system of the City of York, Pa., which will add more than 45,000 equivalent customer connections, bringing the total customer connections under agreement to more than 86,000