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American Water Works logoAmerican Water Works AWK

The company said its GAAP diluted earnings per share for the 3 and 6 months ended June 30, 2024 were $1.42 and $2.37, respectively, and for the same periods in 2023 were $1.44 and $2.37.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its GAAP diluted earnings per share for the 3 and 6 months ended June 30, 2024 were $1.42 and $2.37, respectively, and for the same periods in 2023 were $1.44 and $2.37.

  2. The company said operating revenues for the Regulated Businesses rose $52 million for the 3 months and $120 million for the 6 months, with authorized rate increases, including infrastructure surcharges, accounting for $42 million and $100 million, respectively.

  3. The company said AWCC issued $1.4 billion of senior notes on February 23, 2024, consisting of notes due 2034 bearing 5.150% interest and notes due 2054 bearing 5.450% interest, each in an amount of $700 million, and received net proceeds of about $1,381 million.

  4. The company said it invested $1.4 billion in the Regulated Businesses in the first six months of 2024, consisting of $1.3 billion in infrastructure capital investment and $119 million in acquisitions that added about 33,400 customers.

Key figures

Quarter ended June 30, 2024

Revenue
$1.1B
Operating income
$449M
Net income
$277M
EPS
$1.42

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 2024 and First-Half Diluted EPS

The company said its GAAP diluted earnings per share for the 3 and 6 months ended June 30, 2024 were $1.42 and $2.37, respectively, and for the same periods in 2023 were $1.44 and $2.37.

Source · Based on the MD&A text of the filing

Components of Regulated Businesses Revenue Growth

The company said operating revenues for the Regulated Businesses rose $52 million for the 3 months and $120 million for the 6 months, with authorized rate increases, including infrastructure surcharges, accounting for $42 million and $100 million, respectively.

Source · Based on the MD&A text of the filing

Senior Notes Issued in February 2024

The company said AWCC issued $1.4 billion of senior notes on February 23, 2024, consisting of notes due 2034 bearing 5.150% interest and notes due 2054 bearing 5.450% interest, each in an amount of $700 million, and received net proceeds of about $1,381 million.

Source · Based on the MD&A text of the filing

First-Half 2024 Capital Investment and Acquisitions

The company said it invested $1.4 billion in the Regulated Businesses in the first six months of 2024, consisting of $1.3 billion in infrastructure capital investment and $119 million in acquisitions that added about 33,400 customers.

Source · Based on the MD&A text of the filing

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.