2023 Earnings and Growth Projections
2023 EPS Guidance* and Long-Term Targets Affirmed
AWK EPS Growth Triangle
7-9% EPS CAGR Target
Business Mix
100%
Regulated and
Regulated-Like Earnings
Regulated
Acquisitions
Military
Services 0.2%
Group
1.5-2.5%
AMERICAN WATER
2023 EPS Guidance
Affirming 2023 EPS Guidance Range of $4.72 to $4.82,
on a weather-normalized basis
Higher revenues from investments in rate base
while managing operating costs drives EPS growth
Successful regulatory, financing, and operational
execution drives confidence in our outlook
Regulated
Investment
CAPEX
*On a weather-normalized basis
.
5-7%
Long-Term Financial Targets
Attractive, Long-Term Sustainable Shareholder Returns
●•
EPS Growth
7-9%
Dividend Growth
7-9%
.
ESG Leadership Premium
+
•
Customer Affordability
+
➤ Rate Base Growth
8-9%
Dividend Payout Ratio
55-60%
➤Debt to Capital
<60%
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