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CAMDEN, N.J. - American Water Works Company, Inc. (NYSE:AWK) reported fourth-quarter earnings that surpassed analyst expectations, while also affirming its guidance for fiscal year 2025. The stock remained relatively unchanged in after-hours trading, dipping just 0.1%.
The water utility company posted adjusted earnings per share of $1.22 for the fourth quarter, exceeding the analyst consensus of $1.12. Revenue for the quarter came in at $1.2 billion, topping estimates of $1.11 billion.
For the full year 2024, American Water Works reported earnings of $5.39 per share, up from $4.90 per share in 2023. The company’s weather-normalized earnings, excluding incremental interest from an amended seller note, grew 8.6% YoY to $5.18 per share.
American Water Works reaffirmed its 2025 EPS guidance range of $5.65 to $5.75, which is in line with the current analyst consensus of $5.72. The company also maintained its long-term EPS and dividend growth targets of 7-9%.
"American Water once again successfully executed on its guidance and plan, including industry-leading earnings and dividend growth in 2024," said John Griffith, president of American Water.
The company invested $3.3 billion in capital expenditures during 2024, focusing on infrastructure renewal and acquisitions. American Water Works added nearly 90,000 customer connections, with 69,500 coming through closed acquisitions.
In a separate announcement, the company revealed that CEO M. Susan Hardwick will retire on May 14, 2025, with current President John Griffith set to succeed her in the role.
American Water Works’ stock saw minimal movement following the earnings release, suggesting investors viewed the results and guidance as largely in line with expectations.
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