Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Breaking

SoulCycle Files for IPO

American Water Works Says Results Affected by Hurricane

Jan. 25 (Bloomberg) -- American Water Works Co., the largest publicly traded U.S. water company, said 2012 earnings would be at the low end of a previously announced range when results are released tomorrow.

The stock fell 3.1 percent to $37.40 at the close in New York, the most since Sept. 14, after saying fourth-quarter results were affected by Hurricane Sandy and a decline in the volume of water sold. The Voorhees, New Jersey-based company also has accelerated wastewater and water infrastructure upgrades, according to a statement late yesterday.

American Water Works said it expects 2013 earnings per share for continuing operations at $2.15 to $2.25, and 2012 EPS from continuing operations to be at the low end of the $2.12 to $2.22 range announced in November.

The company also said the California Public Utilities Commission approved its California unit’s acquisition of the Garrapata Water System south of the Carmel Highlands in Monterey County. No terms were given.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.