American States Water Company (AWR)
NYSE:AWR
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.77Last Year’s EPS
0.7Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a solid financial and operational performance for 2025 highlighted by double‑digit adjusted EPS growth (10.9%), strong infrastructure investment ($210.9M), constructive regulatory approvals, rate base expansion (CAGR 11.3%), ASUS growth, higher operating cash flow (+~15.6%), and an 8.3% dividend increase. Offsetting items include change to the water ratemaking mechanism that increases exposure to consumption volatility (nearly 4% lower consumption vs. GRC assumptions), higher supply and operating costs, modest electric weakness in the quarter, dilution from share issuance, and slightly higher parent interest costs. Overall, positive operational momentum and regulatory positioning outweigh the near‑term cost pressures and regulatory/timing risks.Company Guidance
Strong Full-Year EPS Performance
Reported consolidated earnings per share of $3.37 for 2025 versus $3.17 in 2024; excluding a one‑time 2024 tax benefit, adjusted EPS increased from $3.04 to $3.37, a $0.33 improvement or 10.9% year-over-year.
Robust Infrastructure Investment and CapEx Guidance
Invested $210.9 million in company-funded capital projects in 2025; 2026 company-funded capital expenditure guidance of $185 million to $225 million.
Constructive Regulatory Outcomes
Received final CPUC decisions: Golden State Water GRC (rates for 2025–2027) and Bear Valley Electric GRC (rates for 2023–2026), enabling revenue recovery and further investment; CPUC approved second-year water rate increases effective Jan 1, 2026 and added ~$80 million of previously memorandum-accounted projects into 2026 rate base.
Significant Rate Base Growth
Golden State Water adopted average rate base increased from $980.4 million in 2021 to $1,673.2 million in 2026, representing a compound annual growth rate (CAGR) of 11.3% over the five-year period.
ASUS (Contracted Services) Momentum
ASUS contributed $0.61 per share in 2025 versus $0.55 in 2024 (11% increase); Q4 ASUS earnings rose to $0.16 from $0.11 (+$0.05). ASUS was awarded $29.4 million in new capital upgrade construction projects and projects contribution of $0.63–$0.67 per share for 2026.
Improved Operating Cash Flow and Liquidity Actions
Net cash provided by operating activities rose to $229.7 million in 2025 from $198.7 million in 2024, an increase of approximately $31.0 million or ~15.6%; at‑the‑market (ATM) issuance generated $67 million in net proceeds with $40.7 million remaining capacity at year end.
Dividend Increase and Long-Term Payout Track Record
Quarterly cash dividend increased by 8.3% in 2025; 71st consecutive year of annual dividend increases and a 5‑year dividend CAGR of 8.5%—exceeding the stated long‑term target of >7% CAGR.
Renewable and Resilience Investments at Bear Valley
CPUC approved $28 million (plus AFUDC) in solar and battery storage projects for Bear Valley Electric to improve local generation, help meet RPS requirements (~18% of requirement) and provide capacity/energy shifting benefits.
AWR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AWR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $72.89 | $72.97 | +0.11% |
Nov 05, 2025 | $73.06 | $73.91 | +1.16% |
Aug 06, 2025 | $72.87 | $74.52 | +2.26% |
May 07, 2025 | $77.54 | $78.24 | +0.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does American States Water Company (AWR) report earnings?
American States Water Company (AWR) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is American States Water Company (AWR) earnings time?
American States Water Company (AWR) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
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What is AWR EPS forecast?
AWR EPS forecast for the fiscal quarter 2026 (Q1) is 0.77.