NYSE$AWK
American Water Works Co Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported third quarter earnings, affirmed 2022 guidance, and announced 2023 EPS guidance, long-term targets, and capital investment plans.
American Water reported third quarter 2022 earnings of $1.63 per share, compared to $1.53 per share in 2021. The company also announced 2023 earnings per share guidance and long-term targets.
- Third quarter 2022 earnings of $1.63 per share, compared to $1.53 per share in 2021.
- Quarter results as compared to the prior year reflect an estimated favorable impact due to weather of $0.07 per share.
- Invested $1.9 billion year-to-date and added 79,300 customer connections year-to-date through closed acquisitions and organic growth; total capital plan on track to invest approximately $2.5 billion in 2022.
- 2022 earnings guidance range of $4.39 to $4.49 per share affirmed, on a weather normalized basis.
Headline financials
Revenue & EPS history
American Water · Revenue · Quarterly
$1.08B
Revenue by segment
American Water · $3.59B total across 1 segment · Q1 2023
- Regulated Businesses$3.59B—100.0%
Forward guidance
The Company affirms its 2022 earnings per share guidance range of $4.39 to $4.49 on a weather normalized basis and initiating 2023 earnings guidance range of $4.72 to $4.82 per share and affirming long-term EPS growth of 7-9%.
Tailwinds
- 2023 earnings guidance range of $4.72 to $4.82 per share
- Long-term EPS compound annual growth rate (“CAGR”) of 7-9% unchanged
- Long-term dividend growth expectation of 7-9%, narrowed to align with long-term EPS CAGR
- 2023-2027 capital investment plan increased to $14-$15 billion
- 2023-2032 capital investment plan increased to $30-$34 billion
Headwinds
- The Company’s earnings forecasts and targets are subject to numerous risks and uncertainties
- Decisions of governmental and regulatory bodies
- Changes in customer demand for, and patterns of use of, water
- Limitations on the availability of the Company’s water supplies or sources of water
- Changes in laws, governmental regulations and policies
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+0.2%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+0.5%
Avg return
30 days after
56%
38 / 68 earnings
Positive
+5.8%
Q3 2023
Best reaction
-4.9%
Q4 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.1% | -4.5% | -6.5% | |
| Q4 2025 | -1.2% | +2.2% | +3.5% | |
| Q3 2025 | -2.7% | -1.5% | +0.0% | |
| Q1 2025 | -0.4% | +1.5% | -2.7% | |
| Q4 2024 | +0.6% | +7.3% | +10.4% | |
| Q3 2024 | +1.7% | -0.4% | +0.8% | |
| Q2 2024 | +0.6% | -0.7% | -0.4% | |
| Q1 2024 | +3.0% | +6.5% | +6.9% | |
| Q4 2023 | +3.7% | +2.5% | -2.2% | |
| Q3 2023 | +5.8% | +8.4% | +13.3% | |
| Q2 2023 | +0.1% | -0.6% | -5.3% | |
| Q1 2023 | -2.6% | -3.8% | -5.9% | |
| Q4 2022 | -1.2% | +0.2% | -5.0% | |
| Q3 2022 | -2.8% | -4.7% | +4.0% | |
| Q2 2022 | +3.3% | +4.0% | +0.4% | |
| Q1 2022 | +1.5% | -6.0% | -4.1% | |
| Q4 2021 | +0.9% | +1.0% | +8.1% | |
| Q3 2021 | -3.3% | -2.3% | -1.9% | |
| Q2 2021 | +3.1% | +4.3% | +8.4% | |
| Q1 2021 | -0.4% | -2.1% | -0.4% | |
| Q4 2020 | -4.9% | -6.0% | -4.5% | |
| Q3 2020 | +0.7% | +3.3% | -5.2% | |
| Q2 2020 | -0.4% | +1.1% | -2.9% | |
| Q1 2020 | -3.5% | -3.2% | +6.6% | |
| Q4 2019 | -0.4% | -1.1% | -17.4% | |
| Q3 2019 | +3.1% | +0.4% | +1.2% | |
| Q2 2019 | +1.7% | +0.2% | +10.6% | |
| Q1 2019 | -1.4% | -0.9% | +4.5% | |
| Q4 2018 | +0.6% | +3.0% | +8.3% | |
| Q3 2018 | -2.1% | -2.2% | +5.8% | |
| Q2 2018 | -0.8% | +0.0% | -0.8% | |
| Q1 2018 | -1.5% | -2.1% | -5.2% | |
| Q4 2017 | -2.0% | +0.2% | -0.4% | |
| Q3 2017 | +1.9% | +1.0% | +3.9% | |
| Q2 2017 | -0.9% | +0.0% | -0.7% | |
| Q1 2017 | -4.3% | -3.2% | -0.1% | |
| Q4 2016 | +1.5% | +3.4% | +3.6% | |
| Q3 2016 | -1.3% | -2.3% | -0.7% | |
| Q2 2016 | -2.3% | -5.4% | -8.9% | |
| Q1 2016 | -1.0% | — | — | |
| Q4 2015 | -2.8% | — | — | |
| Q3 2015 | +0.8% | — | — | |
| Q2 2015 | +1.1% | — | — | |
| Q1 2015 | -0.9% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | -1.1% | — | — | |
| Q2 2014 | -0.1% | — | — | |
| Q1 2014 | +1.2% | — | — | |
| Q4 2013 | +0.2% | — | — | |
| Q3 2013 | +0.2% | — | — | |
| Q2 2013 | +0.4% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2012 | -2.0% | — | — | |
| Q2 2012 | +3.8% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2011 | +1.1% | — | — | |
| Q3 2011 | +4.0% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q1 2010 | -1.2% | — | — | |
| Q1 2011 | +1.3% | — | — | |
| Q4 2008 | +0.3% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q3 2010 | +2.8% | — | — | |
| Q3 2009 | +2.8% | — | — | |
| Q2 2010 | +4.9% | — | — | |
| Q4 2009 | +4.9% | — | — | |
| Q2 2009 | +4.9% | — | — |
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