Company Also Updates 2017 GAAP EPS Guidance and Affirms 2017 Adjusted EPS Guidance
American Water's 2018 GAAP EPS guidance range, including the estimated
impacts of the TCJA, is
American Water's long-term guidance for the 2018-2022 period, including the estimated impacts of the TCJA, is as follows:
The long-term guidance for the 2018-2022 period is also the same
guidance the company provided in its initial guidance issued on
As part of the company's 2018-2022 long-term guidance, the company does not plan to issue additional equity during this period, under normal operating conditions.
The company also updated its 2017 GAAP EPS guidance and affirmed its
2017 adjusted EPS guidance, including the estimated impacts of the TCJA.
Additional information on the estimated impacts of the TCJA may be found
in the company's Form 8-K, as furnished to the
With a history dating back to 1886,
Cautionary Statement Concerning Forward-Looking Statements
Certain statements included in this press release are forward-looking
statements within the meaning of Section 27A of the Securities Act,
Section 21E of the Exchange Act, and the Private Securities Litigation
Reform Act of 1995. In some cases, these forward-looking statements can
be identified by words with prospective meanings such as "intend,"
"plan," "estimate," "believe," "anticipate," "expect," "predict,"
"project," "assume," "forecast," "outlook," "future," "pending," "goal,"
"objective," "potential," "continue," "seek to," "may," "can," "will,"
"should" and "could," or the negative of such terms or other variations
or similar expressions. Forward-looking statements relate to, among
other things, the impact and effect of the TCJA on the Company's results
of operations to be reported for fiscal 2017 and on the Company's 2018
and long-term guidance, and the related estimates, assumptions and
sensitivities on which such guidance was based. These forward-looking
statements are predictions based on the Company's current expectations
and assumptions regarding future events, including the impact of the
TCJA and the issuance of any related rules, regulations or
interpretations related thereto or any future changes by state or local
taxing authorities. They are not guarantees or assurances of any
outcomes, performance or achievements, and readers are cautioned not to
place undue reliance upon them. The forward-looking statements are
subject to a number of estimates and assumptions, and known and unknown
risks, uncertainties and other factors. Actual results may differ
materially from those discussed in the forward-looking statements
included in this press release as a result of the factors discussed in
the Company's Form 10-K for the year ended
These forward-looking statements are qualified by, and should be read
together with, the risks and uncertainties set forth above and the risk
factors included in the Company's annual and quarterly reports as filed
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