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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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