American Water Q2 2022 Earnings Report
Key Takeaways
American Water reported second quarter 2022 diluted earnings of $1.20 per share, compared to $1.14 per share in 2021. The company invested $1.25 billion in the first half of the year and is on track to invest approximately $2.5 billion in 2022. 59,200 customer connections were added year-to-date through closed acquisitions and organic growth.
Second quarter 2022 diluted earnings of $1.20 per share, compared to $1.14 per share in 2021; Year-to-date 2022 diluted earnings of $2.07 per share, compared to $1.87 per share in 2021
2022 earnings guidance range of $4.39 to $4.49 per share affirmed; long-term targets also affirmed
Invested $1.25 billion in the first half of the year; capital plan on track to invest approximately $2.5 billion in 2022
Added 59,200 customer connections year-to-date through closed acquisitions and organic growth; completion of the acquisition of the wastewater system of the City of York, Pa., which added more than 45,000 equivalent customer connections
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, including its EPS compound annual growth rate target range of 7-9%.