American Water Q2 2021 Earnings Report

Reported a strong second quarter with earnings per share up 17.5% compared to 2020.

Key Takeaways

American Water reported a strong second quarter of 2021, with earnings per share up 17.5% compared to 2020. The company invested $782 million in the first six months of 2021, primarily for infrastructure improvements, and added approximately 11,200 customer connections through acquisitions and organic growth. The company also affirms its 2021 earnings per share guidance range of $4.18 to $4.28.

Second quarter 2021 diluted earnings of $1.14 per share, compared to $0.97 per share in 2020, a 17.5% increase.

Year-to-date 2021 diluted earnings of $1.87 per share, compared to $1.65 per share in 2020, a 13.3% increase.

2021 earnings guidance range of $4.18 to $4.28 per share affirmed; long-term earnings growth target range of 7-10% affirmed.

Invested $782 million in the first half of the year and added approximately 11,200 customer connections year-to-date through closed acquisitions and organic growth.