AWR
American States Water Company73.73
-0.24-0.32%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.85BP/E (TTM)
21.81Basic EPS (TTM)
3.38Dividend Yield
0.03%Recent Filings
8-K
10-Q
8-K
8-K
AWR Q2 EPS rises to $0.87
American States Water Company reported Q2 2025 diluted EPS of $0.87, up from $0.85 in 2024, driven by higher water segment earnings of $0.73 per share from new CPUC-approved rates, while contracted services dipped to $0.13 per share due to project timing. The company hiked its quarterly dividend 8.3% to $0.5040, payable September 3, marking 71 straight years of increases. It closed a non-cash acquisition of water and wastewater assets worth $10.7 million for a 1,300-connection community, boosting future revenues. Yet contracted services face volatility from construction delays.
10-Q
Q2 FY2025 results
American States Water Company posted solid Q2 FY2025 results, with total operating revenues climbing 5.0% year-over-year to $163.1M, driven by new CPUC-approved rate hikes at Golden State Water and Bear Valley Electric that lifted water sales 8.4% to $119.7M and electric 48.5% to $12.9M, though contracted services dipped 15.9% to $30.4M on construction timing. Operating income edged down 1.5% to $51.0M amid higher supply costs up 14.1% for water and 18.9% for electric, yet net income rose 5.7% to $33.7M, yielding diluted EPS of $0.87, up 2.4% from $0.85—earnings per share reconciles cleanly to 38.6M diluted shares with no anti-dilution flags. Cash from operations surged to $109.6M year-to-date, funding $118.5M in capex while free cash flow (derived) stayed negative at -$8.9M after $118.5M capex; liquidity holds firm with $20.2M cash and $52M short-term investments, total debt at $789.5M including fresh $100M notes at 5.30%-5.65% due 2032-2037, and $52M revolver availability sans covenants breached. In May 2025, GSWC closed a Central Coast asset buy for $10.7M non-cash developer conveyance, recognizing utility plant boosts via advances and contributions in aid of construction, with phased future ownership to serve 1,300 customers by 2034. Solid utility momentum persists, but regulatory delays in rate approvals pose a key risk.
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