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American Water Works Co. (AWK) 2023 Earnings Up to $4.90 EPS, Driven by Rate Hikes & Infrastructure Investment

AWK10-KFiling Date: 2/14/2024
American Water Works Company, Inc.
Description

What this story covers

American Water Works (AWK) reported diluted EPS of $4.90 in 2023, up from $4.51, primarily due to new rates and capital recovery in its Regulated Businesses segment. The company plans $34-38 billion in infrastructure investment over ten years, facing challenges from inflation, regulatory complexities, and significant legal proceedings, particularly concerning asset condemnation in California.

Story snapshot

CompanyAmerican Water Works Company, Inc.
TickerAWK
VariantStandard detailed
Duration16:07
Filing type10-K
PeriodAnnual 2023
IndustryUtilities
Accession0001410636-24-000050

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