American Water Q4 2022 Earnings Report
Key Takeaways
American Water reported Q4 2022 earnings of $0.81 per share, compared to $3.55 per share in 2021. The company invested a record $2.6 billion in capital and added 70,000 customer connections through closed acquisitions in 2022. 2023 earnings per share guidance range of $4.72 to $4.82 was affirmed.
Delivered EPS results of $4.51 slightly ahead of expectations, led by strong growth in the Regulated Businesses
Successfully completed general rate cases in New Jersey, Pennsylvania, Illinois, West Virginia, and Hawaii
Invested a record $2.3 billion for infrastructure improvements and replacements in 2022
Closed on 26 acquisitions of various regulated water and wastewater systems in 2022, adding a record 70,000 customer connections, totaling $0.3 billion of investment
American Water
American Water
Forward Guidance
The Company affirms its 2023 earnings per share guidance range of $4.72 to $4.82. 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%.