American Water Works Company, Inc. (AWK) Q3 2022 Earnings Call Transcript

American Water Works Company, Inc. (NYSE:AWK) Q3 2022 Results Conference Call November 1, 2022 9:00 AM ET

Company Participants

Aaron Musgrave - Senior Director of Investor Relations

Susan Hardwick - President and Chief Executive Officer

John Griffith - Chief Financial Officer

Cheryl Norton - Executive Vice President and Chief Operating Officer

Conference Call Participants

Angie Storozynski - Seaport

Shar Pourreza - Guggenheim Partners

Insoo Kim - Goldman Sachs

Julien Dumoulin Smith - Bank of America

Richard Sunderland - JPMorgan

Durgesh Chopra - Evercore ISI

Steve Fleishman - Wolfe Research

Gregg Orrill - UBS

Operator

Good morning, and welcome to American Water's Third Quarter 2022 Earnings Conference Call. As a reminder, this call is being recorded and is also being webcast with an accompanying slide presentation through the company's Investor Relations website. The audio webcast archive will be available for 1 year on American Water's Investor Relations website.

I would now like to introduce your host for today's call, Aaron Musgrave, Vice President of Investor Relations. Mr. Musgrave, you may begin.

Aaron Musgrave

Thank you, Sarah. Good morning, everyone, and thank you for joining us for today's call. At the end of our prepared remarks, we will open the call for your questions. Let me first go over some safe harbor language. Today, we will be making forward-looking statements that represent our expectations regarding our future performance or other future events. These statements are predictions based on our current expectations, estimates and assumptions. However, since these statements deal with future events, they are subject to numerous known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results indicated or implied by such statements. Additional information regarding these risks, uncertainties and factors as well as a more detailed analysis of our financials and other important information is provided in the earnings release and in our September 30 Form 10-Q, each filed yesterday with the SEC.

And finally, all statements during this presentation related to earnings and earnings per share refer to diluted earnings and earnings per share. Susan Hardwick, our President and CEO, will discuss third quarter and year-to-date highlights and touch on 2023 guidance and our long-term targets.

John Griffith, our Executive Vice President and CFO, will cover our financial results in detail, will provide an update on active general rate cases and acquisition activity, and will close with further details on our 2023 and longer-term outlook, including the overall financing plan. Cheryl Norton, our Executive Vice President and COO, will then discuss our capital investment plan, rate base growth expectations and our focus on affordability. Cheryl will then conclude with a review of some important new operating goals and disclosures that align with our focus on ESG. We'll then close by answering your questions.