Strong Financial Performance
American Water delivered 2024 financial results in line with expectations, achieving earnings of $5.39 per share, reflecting EPS growth of over 8%. The performance included $0.12 per share from favorable weather and $0.09 per share of incremental interest income from the HOS note.
Successful Rate Cases
The company successfully completed significant general rate cases in multiple states, including Illinois and California, resulting in revenue increases to support infrastructure investments.
Capital Investment and Acquisitions
American Water invested over $3 billion in 2024 for infrastructure improvements and closed on acquisitions adding nearly 70,000 customer connections, meeting the 2% compounded annual growth target.
Affirmation of 2025 Guidance
The company reaffirmed its 2025 earnings guidance of $5.65 to $5.75 per share, representing an expected 8% EPS growth, supported by a robust capital plan and regulatory strategy.
Strong Balance Sheet
American Water maintained a strong financial position with a debt to cap ratio below 60%, an A rating from S&P, and a stable outlook from Moody's.