American Water Q4 2019 Earnings Report

Reported strong results driven by regulated and market-based businesses.

Key Takeaways

American Water reported fourth quarter GAAP earnings of $0.54 per diluted share, compared to $0.62 per diluted share for the fourth quarter of 2018. Excluding the loss from the operations of Keystone Clearwater Solutions, fourth quarter results were $0.73 per diluted share.

2019 diluted GAAP earnings per share at $3.43, compared to $3.15 in 2018.

Adjusted diluted earnings per share (EPS) at $3.61 (a non-GAAP measure), a 9.4% increase over 2018 adjusted EPS of $3.30.

Affirm 2020 earnings guidance range of $3.79 to $3.89 per diluted share, and long-term EPS compound annual growth rate (CAGR) of 7 to 10% range, anchored off of 2018 adjusted EPS

Added 67,000 new customers through closed acquisitions and organic growth, and look forward to welcoming an additional 44,200 customers through signed acquisitions following regulatory approval.