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Dec 31, 2020
American Water Q4 2020 Earnings Report
Reported strong results with earnings of $0.80 per share for the quarter and announced 2021 guidance.
Key Takeaways
American Water reported Q4 2020 earnings of $0.80 per share, an increase of $0.26 per share compared to the same period in 2019. The company also announced 2021 diluted earnings per share guidance and long-term EPS growth targets.
Earnings were $0.80 per share, compared to $0.54 per share in the same period of 2019, an increase of $0.26 per share.
Results for the Regulated Business increased $0.01 per share and results from the Market-Based Business increased $0.22 per share.
Parent Company results improved $0.03 per share in the fourth quarter of 2020 as compared to the same period in 2019.
Consolidated results reflect a $0.02 per share benefit from depreciation not recorded as required by assets held for sale accounting in 2020 and the loss of $0.19 per share on the disposal of Keystone Clearwater Solutions in the fourth quarter of 2019.
Forward Guidance
The company announced 2021 earnings guidance range of $4.18 to $4.28 per share and a long-term EPS growth expectation of 7-10% for 2021-2025.
Positive Outlook
- 2021 earnings guidance range of $4.18 to $4.28 per share
- Long-term EPS growth expectation of 7-10% for 2021-2025
- 2021-2025 investment plan of $10.3-$10.5 billion
- 2021-2025 rate base growth expectation of 7-8%
- 2021-2025 dividend growth expectation at the high end of 7-10%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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