Earnings summaries and quarterly performance for AMERICAN STATES WATER.
Executive leadership at AMERICAN STATES WATER.
Robert J. Sprowls
Detailed
President and Chief Executive Officer
CEO
CH
Christopher H. Connor
Detailed
Senior Vice President (American States Utility Services, Inc. and subsidiaries)
DR
David R. Schickling
Detailed
Vice President – Operations (Golden State Water Company)
EG
Eva G. Tang
Detailed
Senior Vice President – Finance, Chief Financial Officer, Corporate Secretary and Treasurer
GM
Gladys M. Farrow
Detailed
Vice President – Finance (Golden State Water Company); Treasurer and Assistant Secretary (Golden State Water Company and American States Utility Services, Inc.); Assistant Secretary (American States Water Company)
JG
Jon G. Pierotti
Detailed
Vice President – Regulatory Affairs (Golden State Water Company)
PM
Patrick M. Kubiak
Detailed
Vice President – Asset Management (Golden State Water Company)
PJ
Paul J. Rowley
Detailed
Senior Vice President – Regulated Water Utility (Golden State Water Company)
SK
Sunil K. Pillai
Detailed
Vice President – Environmental Quality (Golden State Water Company)
SP
Susan P. Miller
Detailed
Vice President – Operations (American States Utility Services, Inc. and subsidiaries)
Board of directors at AMERICAN STATES WATER.
Research analysts who have asked questions during AMERICAN STATES WATER earnings calls.
Recent press releases and 8-K filings for AWR.
American States Water's Golden State Water Company Receives CPUC Approval for 2026 Water Revenue Increases
AWR
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Golden State Water Company (GSWC), a subsidiary of American States Water Company, received California Public Utilities Commission (CPUC) approval in December 2025 for its full second-year rate increases.
- These approved rate increases, effective January 1, 2026, are projected to boost adopted water revenue less water supply cost for 2026 by approximately $32.0 million compared to 2025 levels.
- The increase incorporates nearly $11.0 million from capital projects that were added to the adopted rate base, also effective January 1, 2026.
- GSWC successfully met its earnings test to implement these second-year step increases for 2026, as part of its 2025 – 2027 rate cycle.
Jan 12, 2026, 2:00 PM
American States Water Company's Subsidiary Receives CPUC Approval to Defer Cost of Capital Application
AWR
Guidance Update
- The California Public Utilities Commission (CPUC) approved a request to defer the cost of capital application for Golden State Water Company (GSWC), a wholly-owned subsidiary of American States Water Company (AWR).
- GSWC's next cost of capital application filing date has been postponed by one year to May 1, 2027, with a corresponding effective date of January 1, 2028.
- GSWC's current authorized rate of return on rate base of 7.93% will continue in effect through December 31, 2027.
- This 7.93% return on rate base includes a 10.06% return on equity, an embedded cost of debt of 5.1%, and a capital structure of 57% equity and 43% debt.
Nov 19, 2025, 9:31 PM
American States Water Company Reports Strong Q3 2025 Earnings and Growth
AWR
Earnings
Dividends
New Projects/Investments
- American States Water Company reported Q3 2025 consolidated earnings of $1.06 per share, an increase from $0.95 per share in Q3 2024, primarily due to new water and electric rates and higher earnings from its contracted services business (ASUS). Year-to-date earnings through September 30, 2025, were $2.63 per share, up from $2.42 per share in the same period last year ,.
- Consolidated revenue for Q3 2025 increased by $21 million compared to Q3 2024, driven by new rates for the water and electric segments and increased construction activity at ASUS.
- The company's regulated utilities are projected to invest $180-$210 million in infrastructure in 2025 ,. Golden State Water's adopted average water rate base increased from $980.4 million in 2021 to $1,455.8 million in 2025, representing a 10.4% compound annual growth rate.
- ASUS was awarded $28.7 million in new capital upgrade construction projects year-to-date September 30, 2025, and is projected to contribute $0.59-$0.63 per share in 2025 and $0.63-$0.67 per share in 2026 , ,.
- American States Water raised its quarterly dividend by 8.3% in Q3 2025, maintaining a compound annual growth rate of 8.5% over the last five years.
Nov 6, 2025, 7:00 PM
American States Water Company Reports Q3 2025 Earnings and Provides Outlook
AWR
Earnings
Guidance Update
Dividends
- American States Water Company recorded consolidated diluted earnings per share of $1.06 for Q3 2025, an 11.6% increase compared to $0.95 in Q3 2024. Year-to-date diluted EPS for 2025 was $2.63, up from $2.42 in 2024.
- Total operating revenues for Q3 2025 reached $182.7 million, an increase from $161.7 million in Q3 2024.
- The Contracted Services (ASUS) segment is projected to contribute $0.59 to $0.63 per share for the full year 2025 and $0.63 to $0.67 per share in 2026.
- The Board of Directors approved a fourth-quarter cash dividend of $0.5040 per share, continuing a trend of increased dividends for 71 consecutive years.
- Regulated utilities are on track to invest $180-$210 million for the year 2025, with significant capital infrastructure authorizations including $573.1 million for GSWC (2025-2027) and $75.6 million for BVES (2023-2026) approved by the CPUC.
Nov 6, 2025, 7:00 PM
American States Water Company Announces Third Quarter 2025 Results
AWR
Earnings
Dividends
New Projects/Investments
- American States Water Company reported consolidated diluted earnings per share of $1.06 for the third quarter ended September 30, 2025, an 11.6% increase compared to $0.95 in the same period of 2024, with increased earnings across all operating business segments.
- The company's Board of Directors approved a $0.5040 per share quarterly dividend for the fourth quarter of 2025, an 8.3% increase during 2025, marking the 71st consecutive year of dividend increases.
- The contracted services business is expected to contribute $0.59 to $0.63 per share for the full 2025 year and has been awarded $28.7 million in additional new construction projects through 2028.
- AWR's regulated utilities are authorized to spend nearly $650 million in capital investments, with $180 to $210 million targeted for investment in 2025. Additionally, its regulated water utility received CPUC approval to serve a new planned community, which will include up to 3,800 customer connections over the next five years.
Nov 5, 2025, 9:33 PM
American States Water Company Announces Strong Third Quarter 2025 Results
AWR
Earnings
Dividends
New Projects/Investments
- American States Water Company (AWR) reported consolidated diluted earnings per share (EPS) of $1.06 for Q3 2025, an 11.6% increase from $0.95 in Q3 2024. Year-to-date 2025 consolidated diluted EPS rose 8.7% to $2.63 compared to $2.42 in YTD 2024.
- The EPS growth in Q3 2025 was primarily driven by increased earnings across all operating business segments, with the contracted services segment contributing $0.19 per share, the water utility segment $0.86 per share, and the electric utility segment $0.04 per share.
- The company is on track to invest $180 million to $210 million in capital investments in 2025.
- AWR's Board approved a fourth quarter dividend of $0.5040 per share, extending its record of annual dividend increases to 71 consecutive years. The quarterly dividend rate has achieved an 8.5% CAGR over the last five years.
- The contracted services business is projected to contribute $0.59 to $0.63 per share for the full 2025 year.
Nov 5, 2025, 9:30 PM
Quarterly earnings call transcripts for AMERICAN STATES WATER.
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