American Water reports Q1 adjusted EPS $1.01, consensus$1.09

Reports Q1 revenue $1.21B vs. $1.14B last year. “The company has delivered solid first quarter results and we are affirming our long-term targets for both earnings and dividend growth at 7%-9%,” said CEO John Griffith. “We are also encouraged with the progress we and Essential have made thus far in merger integration planning work and were pleased to receive the first state regulatory approval for the merger last week in Kentucky.”