Strong Earnings Growth
American Water reported earnings of $1.05 per share for the quarter, marking an 11% increase compared to $0.95 last year. The company affirmed its full-year earnings guidance, expecting an 8% EPS growth in 2025 compared to 2024.
Dividend Increase
The Board approved an increase in the quarterly cash dividend from $0.765 per share to $0.8275 per share, an 8.2% increase, continuing a trend of consistent dividend growth.
Regulatory and Legislative Successes
Significant legislative progress was made with the passage of supportive laws in Missouri, Indiana, and Virginia, which are expected to aid in further investments and achieving allowed returns.
Capital Investment and Infrastructure Program
Invested $518 million in the first quarter, on track to meet the goal of $3.3 billion in 2025. The company expects continued growth in regulated rate base at a long-term rate of 8% to 9%.
Acquisition Pipeline
The company continues to be well-positioned for growth through acquisitions, with about 37,000 customer connections under agreement across several states.