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Jun 30, 2023
American Water Q2 2023 Earnings Report
Reported strong second quarter results driven by continued execution and favorable weather.
Key Takeaways
American Water reported Q2 2023 earnings of $1.44 per share, compared to $1.20 per share in 2022. The company affirms its 2023 earnings per share guidance range of $4.72 to $4.82, on a weather-normalized basis, and is on track to invest approximately $2.9 billion in 2023.
Second quarter 2023 earnings were $1.44 per share, compared to $1.20 per share in 2022.
Year-to-date 2023 earnings were $2.37 per share, compared to $2.07 per share in 2022.
2023 earnings per share guidance range of $4.72 to $4.82 affirmed, on a weather-normalized basis; long-term targets also affirmed.
Capital plan is on track to invest approximately $2.9 billion in 2023.
Forward Guidance
The company affirms its 2023 earnings per share guidance range of $4.72 to $4.82, on a weather-normalized basis. The company also affirms its long-term financial targets for the 2023-2027 period announced in Nov. 2022, including its long-term EPS and dividend growth rate targets of 7-9%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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