American Water Works Company, Inc. (AWK) Q4 2024 Earnings Conference Call
On February 20, 2025, at 9:00 AM ET, American Water Works Company, Inc. (AWK) held its Fourth Quarter and Year End 2024 Conference Call. The participants from the company side included Aaron Musgrave – Vice President of Investor Relations, Susan Hardwick – Chief Executive Officer, John Griffith – President, David Bowler – Executive Vice President and Chief Financial Officer, and Cheryl Norton – Executive Vice President and Chief Operating Officer. The conference call was moderated by an operator, and the following analysts participated:
Company Participants
- Aaron Musgrave – Vice President of Investor Relations
- Susan Hardwick – Chief Executive Officer
- John Griffith – President
- David Bowler – Executive Vice President and Chief Financial Officer
- Cheryl Norton – Executive Vice President and Chief Operating Officer
Conference Call Participants
- Durgesh Chopra – Evercore ISI
- Paul Zimbardo – Jefferies
- Gregg Orrill – UBS
- Jonathan Reeder – Wells Fargo
- Angie Storozynski – Seaport Global Securities
- Anthony Crowdell – Mizuho Securities
- Richard Sunderland – JPMorgan
During the call, the company provided an update on their financial performance for the fourth quarter and the full year 2024. Here are some highlights:
Financial Performance
The company reported earnings per share (EPS) of $1.52 for the fourth quarter, which was above the consensus estimate of $1.48. For the full year 2024, the EPS came in at $5.41, which was in line with the consensus estimate. The revenue for the quarter was $1.7 billion, which was slightly below the consensus estimate of $1.71 billion.
Operational Performance
The company reported that they had added 112,000 new customers during the year, bringing their total customer base to 15.3 million. They also reported that they had invested $3.2 billion in capital improvements during the year, which was in line with their previous guidance.
Outlook for 2025
The company provided an outlook for the full year 2025. They expect to earn between $5.80 and $5.95 per share, which is above the consensus estimate of $5.82. They also expect to invest between $3.5 billion and $3.8 billion in capital improvements during the year.
Now, let’s discuss how these earnings might impact you and the world:
Impact on Individuals
As a consumer of water and wastewater services, the financial performance of American Water Works Company, Inc. (AWK) could impact you in several ways:
- Price of water and wastewater services: If the company’s financial performance is strong, they may be able to increase their prices to customers. This could lead to higher water and wastewater bills for consumers.
- Quality of water and wastewater services: The company’s financial performance could also impact the quality of water and wastewater services that you receive. If the company is able to invest more in capital improvements, this could lead to better water and wastewater infrastructure, which could result in fewer service interruptions and better water quality.
Impact on the World
The financial performance of American Water Works Company, Inc. (AWK) could also have a significant impact on the world:
- Infrastructure development: The company’s investment in capital improvements is essential for the development of water and wastewater infrastructure. This investment could lead to better water and wastewater services for communities, which could improve public health and economic development.
- Regulatory environment: The financial performance of the company could also impact the regulatory environment for the water and wastewater industry. If the company is able to report strong financial performance, this could make it easier for other water and wastewater companies to secure regulatory approvals for rate increases and other initiatives.
Conclusion
In conclusion, American Water Works Company, Inc.’s (AWK) Fourth Quarter and Year End 2024 Conference Call provided an update on the company’s financial performance and outlook for the future. The company reported strong earnings for the fourth quarter and the full year 2024, and provided an optimistic outlook for 2025. The financial performance of the company could impact individuals through the price and quality of water and wastewater services, and could impact the world through infrastructure development and the regulatory environment. Stay tuned for further updates on American Water Works Company, Inc. (AWK) and the water and wastewater industry.
Thank you for joining us today. If you have any further questions, please do not hesitate to contact us.
