American Water Works ( (AWK) ) has released its Q4 earnings. Here is a breakdown of the information American Water Works presented to its investors.
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American Water Works Company, Inc., based in Camden, New Jersey, is the largest regulated water and wastewater utility company in the United States, providing services to over 14 million people across 14 states and several military installations. The company is renowned for its commitment to delivering safe, reliable, and affordable water services.
In its latest earnings report, American Water announced strong financial results for 2024, with earnings per share increasing to $5.39 from $4.90 in 2023. The company also reported significant progress in its expansion efforts, adding nearly 90,000 customer connections, largely through strategic acquisitions.
Key highlights from the report include an 8.6% increase in weather-normalized earnings, a substantial $3.3 billion investment in infrastructure, and an 8.1% growth in dividends. Furthermore, American Water reaffirmed its long-term EPS and dividend growth targets of 7-9%, illustrating a stable financial outlook.
Looking ahead, American Water remains committed to its growth strategy, with 2025 EPS guidance set between $5.65 and $5.75. The upcoming leadership transition, with John Griffith succeeding retiring CEO Susan Hardwick, is expected to maintain the company’s trajectory of strong performance and industry leadership.
