AI English summary of an SEC filing — figures as filed
The company said its earnings per share for Q3 2024 were $1.80, compared with $1.66 in the same quarter of 2023. Year-to-date earnings per share through Q3 were $4.17, compared with $4.03 in 2023.
Key points
AI summaryThe company said its earnings per share for Q3 2024 were $1.80, compared with $1.66 in the same quarter of 2023. Year-to-date earnings per share through Q3 were $4.17, compared with $4.03 in 2023.
American Water said Regulated Businesses net income was $356 million for Q3 2024 ($331 million in 2023) and $815 million year to date through Q3 ($783 million in 2023). It said operating revenues rose $124 million and $244 million, respectively.
The company affirmed its weather-normalized 2024 earnings per share guidance range of $5.25 to $5.30 and provided 2025 earnings per share guidance of $5.65 to $5.75. Both ranges include $0.10 per share of incremental interest income from the amended HOS note.
The company said it completed the acquisition of the wastewater collection and treatment system assets of Butler Area Sewer Authority in Pennsylvania on October 29 for $230 million. It also said it announced a 2025-2029 capital plan of $17 to $18 billion and a 2025-2034 capital plan of $40 to $42 billion.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q3 2024 and Year-to-Date EPS
The company said its earnings per share for Q3 2024 were $1.80, compared with $1.66 in the same quarter of 2023. Year-to-date earnings per share through Q3 were $4.17, compared with $4.03 in 2023.
Source · Based on the filing body and exhibits
Regulated Businesses Net Income and Operating Revenue Rise
American Water said Regulated Businesses net income was $356 million for Q3 2024 ($331 million in 2023) and $815 million year to date through Q3 ($783 million in 2023). It said operating revenues rose $124 million and $244 million, respectively.
Source · Based on the filing body and exhibits
Affirms 2024 EPS Guidance, Initiates 2025 EPS Guidance
The company affirmed its weather-normalized 2024 earnings per share guidance range of $5.25 to $5.30 and provided 2025 earnings per share guidance of $5.65 to $5.75. Both ranges include $0.10 per share of incremental interest income from the amended HOS note.
Source · Based on the filing body and exhibits
Butler Area Sewer Authority Acquisition and Capital Plans
The company said it completed the acquisition of the wastewater collection and treatment system assets of Butler Area Sewer Authority in Pennsylvania on October 29 for $230 million. It also said it announced a 2025-2029 capital plan of $17 to $18 billion and a 2025-2034 capital plan of $40 to $42 billion.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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