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Jun 30, 2020
American Water Q2 2020 Earnings Report
Reported solid results amidst the pandemic, focusing on safety, customer service, and liquidity.
Key Takeaways
American Water reported a 3.2% increase in GAAP diluted earnings per share for the second quarter of 2020, with earnings of $0.97 per share compared to $0.94 per share in 2019. The company continues to provide essential services while investing in systems and adding customers.
Second quarter 2020 GAAP diluted earnings were $0.97 per share, compared to $0.94 per share in 2019, a 3.2% increase.
Year-to-date 2020 GAAP diluted earnings were $1.65 per share, compared to $1.56 per share in 2019, a 5.8% increase
Results reflect an estimated $0.05 per share unfavorable impact from the COVID-19 pandemic.
Added more than 17,700 customers to date through closed acquisitions and organic growth.
American Water
American Water
Forward Guidance
The Company expects its 2020 earnings to be in the range of $3.79 per share to $3.89 per share on a GAAP basis.