The company said its earnings per share for Q1 2024 were $0.95, higher than $0.91 in 2023, and that it affirmed its 2024 EPS guidance range of $5.20 to $5.30.

1. 01

   The company said its earnings per share for Q1 2024 were $0.95, higher than $0.91 in 2023, and that it affirmed its 2024 EPS guidance range of $5.20 to $5.30.

2. 02

   The company said net income for the Regulated Businesses in Q1 2024 was $185 million, higher than $174 million in the same period of 2023, and that operating revenues rose $68 million. It cited authorized revenue increases from completed general rate cases and infrastructure proceedings as the reasons for the revenue growth.

3. 03

   The company said it invested $720 million in the first 3 months of 2024. Of this, $634 million went to infrastructure improvements and replacements, and $86 million went to closing the wastewater treatment plant acquisition in Granite City, Illinois. It said it plans to invest a total of approximately $3.1 billion in 2024.

4. 04

   The company said it completed a $1.4 billion debt issuance on February 23, 2024, consisting of $700 million of 5.150% senior notes due 2034 and $700 million of 5.450% senior notes due 2054. It said the proceeds were used primarily to fund its capital investment program.

Analysis 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.

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

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