Regulated Acquisitions and Growth Outlook

Considerations for 2024 Outlook 2024 EPS Guidance of $5.10 to $5.20 • 2024 Growth Drivers Revenue growth in base rates and in infrastructure mechanisms from capital investments Regulated acquisitions also driving revenue growth Limited additional share dilution and limited additional inflationary cost pressure * $4.72 - $4.82 1.05-1.25 AMERICAN WATER (0.05) - (0.15) (0.30) - (0.35) 0.03 -0.08 $5.10 - $5.20 (0.35) - (0.45) O&M Depreciation 2023 Guidance Revenue * Excludes weather of $0.11 per share net favorable in 2023 ($0.07 in Q2, $0.04 in Q3 2023) Reflects ($0.06) per share of share count dilution ** Investment Growth ** Financing MSG & Other, net 2024 Guidance 12

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