2023 Earnings and Growth Projections
Strong Q2 and 1H 2023 Results
EPS Growth Driven by Regulatory Execution, Favorable Weather
Earnings Per Share
$2.37*
$2.07
$1.44
$1.20
$0.87
$0.91
2022
2023
Q1 Q2
AMERICAN WATER
Q2/YTD 2023 Highlights
✓ 2023 Q2 EPS of $1.44 driven by higher revenue on increased
rate base; favorable impact due to weather of ~$0.07
✓ 1H 2023 includes new rates effective in PA, IL, VA and MO;
cases filed in IN, WV and KY; CA case proceeding as expected
✓ Invested approx. $1.2 billion in infrastructure in 1H 2023
✓ $555M of acquisitions under agreement as of June 30
✓ Issued approx. $1.7 billion in common stock in March
✓ Issued $1.0 billion in exchangeable senior notes in June, due
2026
2021-2022 Sustainability Report published in July
*YTD EPS in 2023 does not sum as a result of the common equity issuance executed in March 2023
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