American Water Q1 2022 Earnings Report
Key Takeaways
American Water reported first quarter 2022 diluted earnings of $0.87 per share, a 19% increase compared to $0.73 per share in 2021. The company invested $437 million in the first three months of the year and added approximately 5,500 customer connections.
First quarter 2022 diluted earnings were $0.87 per share, compared to $0.73 per share in 2021, a 19% increase.
2022 earnings guidance range of $4.39 to $4.49 per share was affirmed, and long-term targets were also affirmed.
Invested $437 million in the first three months of the year and added approximately 5,500 customer connections year-to-date through closed acquisitions and organic growth.
Capital plan is on track to invest approximately $2.5 billion in 2022.
American Water
American Water
Forward Guidance
The Company affirms its 2022 earnings per share guidance range of $4.39 to $4.49. The Company also affirms its long-term financial targets for the 2022-2026 period announced in Nov. 2021, including its long-term EPS compound annual growth rate target range of 7-9% and its long-term dividend growth expectation at the high end of a 7-10% range.