Financial Data and Key Metrics Changes - Earnings per share (EPS) for Q3 2023 were $1.66, up from $1.63 in Q3 2022, while year-to-date EPS increased to $4.03 from $3.70 in the same period last year [7][22] - The estimated net favorable weather impact year-to-date in 2023 was approximately $0.11 per share compared to $0.06 per share in 2022 [7][23] - The company reaffirmed its 2023 guidance on a weather-normalized basis, indicating strong execution aligned with growth expectations [7] Business Line Data and Key Metrics Changes - The company invested $1.8 billion in capital projects year-to-date, with a total capital investment planned for 2023 of $2.9 billion, including approximately $400 million for acquisitions [8][14] - The new five-year plan anticipates a capital investment of approximately $16 billion to $17 billion, an increase of about $2 billion over the previous plan [14] Market Data and Key Metrics Changes - The company expects 8% to 9% rate-based growth over the next decade, driven by an accelerated capital expenditure plan and a robust regulated acquisition strategy [10][12] - The military services group is expected to contribute to organic revenue growth from the 18 installations currently served [11] Company Strategy and Development Direction - The company is focused on maintaining a long-term target of 7% to 9% EPS and dividend compounded annual growth rates, with 2024 EPS guidance set at $5.10 to $5.20 [9] - A significant emphasis is placed on customer affordability, with a target for residential water bills to remain at 1% or less of median household income [19][20] - The company is advocating for equal access to federal and state funding for PFAS treatment and is focused on regulatory execution [15][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering consistent earnings and dividend growth over the next five years, despite short-term impacts from higher interest rates [12][13] - The company believes its low-risk capital investment plan and focus on customer affordability will continue to attract investor interest [13][35] Other Important Information - The company completed 14 acquisitions totaling $36 million in the first nine months of 2023, with 32 transactions under agreement totaling $611 million [26] - The total debt-to-capital ratio as of September 30 was 54%, comfortably within the long-term target of less than 60% [33] Q&A Session Summary Question: CapEx revision and bill outlook - Management highlighted a sharpened focus on customer affordability and the importance of maintaining bills at 1% or less of household income while managing capital investments [40][42] Question: Financing plan and operating cash flow - The increase in operating cash flow is attributed to the significant step-up in capital spending, which is expected to drive higher cash flows in the interim years [44][45] Question: Growth triangle and financing plan - Management confirmed that the growth triangle remains unchanged, emphasizing that rate-based growth continues to drive overall growth metrics [47][48] Question: PFAS-related financial liability - Management is actively engaged in ensuring water systems are protected from financial liabilities related to PFAS and is advocating for timely recovery of associated costs [80][82] Question: Equity needs and timing - The company plans to issue approximately $1 billion of equity from 2024 to 2028, with the timing dependent on market conditions [31][84]

2023 Third Quarter Earnings & 2024 Outlook Conference Call Aaron Musgrave Vice President, Investor Relations ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-34028 Delaware 51-0063696 (State or other jurisdiction of incorporation or organization) (I ...

American Water Works Company, Inc. (NYSE:AWK) Q2 2023 Results Conference Call July 27, 2023 9:00 AM ET Company Participants Aaron Musgrave - VP, IR Susan Hardwick - President, CEO John Griffith - EVP, CFO Cheryl Norton - EVP, COO Conference Call Participants Paul Zimbardo - Bank of America Angie Storozynski - Seaport Gregg Orrill - UBS James Kennedy - Guggenheim Partners Operator Good morning, and welcome to the American Water's Second Quarter 2023 Earnings Conference Call. As a reminder, this call is being ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-34028 Delaware 51-0063696 (State or other jurisdiction of incorporation or organization) (I.R.S. ...

American Water Works Company, Inc. (NYSE:AWK) Q1 2023 Earnings Call Transcript April 27, 2023 9:00 AM ET Company Participants Aaron Musgrave - Vice President, Investor Relations Susan Hardwick - President and Chief Executive Officer John Griffith - Executive Vice President and Chief Financial Officer Cheryl Norton - Executive Vice President and Chief Operating Officer Conference Call Participants Richard Sunderland - JPMorgan Angie Storozynski - Seaport Global Securities Paul Zimbardo - Bank of America Greg ...

2023 First Quarter Earnings Conference Call April 27, 2023 2 Aaron Musgrave Vice President, Investor Relations Forward-Looking Statements 3 Safe Harbor This presentation includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. They are not guarantees or assurances of any outcomes, financial results, levels of activity, performance or achievements, and readers are cautioned not to place undue ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-34028 Delaware 51-0063696 (State or other jurisdiction of incorporation or organization) (I.R.S ...

American Water Works Company, Inc. (NYSE:AWK) Q4 2022 Results Conference Call February 16, 2023 9:00 AM ET Company Participants Maureen Duffy - Senior Vice President of Communications Susan Hardwick - President and Chief Executive Officer John Griffith - Chief Financial Officer Cheryl Norton - Executive Vice President and Chief Operating Officer Conference Call Participants Richard Sunderland - JPMorgan Gregg Orrill - UBS Operator Good morning, and welcome to American Water's Fourth Quarter and Year-End 202 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34028 AMERICAN WATER WORKS COMPANY, INC. (Exact name of registrant as specified in its charter) Delaware 51-006369 ...