American States Water Company (AWR)
NYSE:AWR
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.94Last Year’s EPS
0.87Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed primarily positive operational and financial momentum: consolidated EPS rose 8.6%, revenues grew by $21.2 million, operating cash flow improved materially (~58.8%), ASUS showed notable growth and provided full‑year guidance, and regulators approved rate increases and additions to rate base that support future revenue. Offsetting items include higher supply and operating costs (+$5.1M and +$10.2M), some interest expense headwinds, minor dilution from the ATM program, and ongoing regulatory mechanism changes (MRAM) that can increase future earnings volatility. On balance, the positive performance, cash generation, regulatory approvals that add recurring revenue, and dividend growth outweigh the headwinds.Company Guidance
Consolidated EPS Growth
Reported consolidated earnings per share of $0.76 for Q1 2026 versus $0.70 in Q1 2025, an increase of 8.6%.
All Segments Year‑over‑Year Improvement
All three operating segments (Water, Electric, ASUS) posted year‑over‑year increases in earnings; Golden State Water EPS $0.55 (vs $0.52), Bear Valley Electric EPS $0.08 (vs $0.07, ~+14.3%), ASUS EPS $0.15 (vs $0.13, ~+15.4%).
Revenue Increase and Segment Contributions
Consolidated revenue rose by $21.2 million year‑over‑year. Water revenue increased by $11.1 million (driven by new 2026 rates), electric revenue increased by $3.7 million, and ASUS revenue increased by $6.4 million (higher construction activity).
Meaningful Operating Cash Flow Improvement
Net cash provided by operating activities was $71.6 million for Q1 2026 versus $45.1 million in Q1 2025, an increase of $26.5 million (~58.8%), driven by new regulated rates, surcharges, and ASUS billing timing.
Strong Capital Investment Plan
Regulated utilities projected company‑funded capital expenditures of $185 million to $225 million for full‑year 2026; Q1 company‑funded capex was $42.1 million.
ASUS Momentum and Full‑Year Guidance
ASUS benefited from higher construction activity and lower interest expense; Q1 EPS contribution $0.15 (up $0.02 YoY). ASUS is projected to contribute $0.63 to $0.67 per share for full‑year 2026.
Regulatory Outcomes Supporting Revenue
CPUC approvals resulted in higher adopted operating revenues less water supply cost of ~ $32 million for 2026 vs 2025, including ~$11 million related to advice letter capital projects added to rate base and an $80 million addition to 2026 adopted rate base generating ~ $11 million incremental revenue requirement.
Rate Base Growth and Long‑Term Return Profile
Golden State Water rate base has shown robust growth (CAGR 11.3% from 2021 through 2026 using 2021 as base), and current authorized rate of return on rate base is 7.93% (ROE 10.06%), supporting stable returns to shareholders.
Dividend Growth and Recognition
Quarterly dividend rate has grown at a 5‑year CAGR of 8.5% (exceeding the >7% long‑term policy target). Company ranked #1 in the energy & utilities industry on Newsweek’s Most Trustworthy Companies list.
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 |
|---|---|---|---|
May 06, 2026 | $75.84 | $76.84 | +1.32% |
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% |
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 Aug 11, 2026, After Close (Confirmed).
What is American States Water Company (AWR) earnings time?
American States Water Company (AWR) earnings time is at Aug 11, 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?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AWR EPS forecast?
AWR EPS forecast for the fiscal quarter 2026 (Q2) is 0.94.