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American States Water Co. - AWR STOCK NEWS

Welcome to our dedicated news page for American States Water Co. (Ticker: AWR), a resource for investors and traders seeking the latest updates and insights on American States Water Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American States Water Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American States Water Co.'s position in the market.

Rhea-AI Summary
American States Water Company (AWR: NYSE) has started operating water and wastewater utility systems at Naval Air Station Patuxent River and Joint Base Cape Cod under long-term contracts with the U.S. government. The contracts are valued at $349 million over 50 years and $75 million over 15 years, respectively. ASUS, the company's subsidiary, received a task order worth $4.1 million for the first year of operations at Joint Base Cape Cod. Robert J. Sprowls, President and CEO, expressed enthusiasm for the new bases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
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none
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Rhea-AI Summary
American States Water Company (NYSE:AWR) is set to announce its first quarter 2024 financial results on May 7, 2024, followed by a conference call hosted by the company's executives. The call will include a Q&A session for interested parties, with the option to listen live or access the replay on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
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conferences earnings
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Rhea-AI Summary
American States Water Company (NYSE:AWR) reported a 10% increase in diluted EPS for Q4 2023 compared to Q4 2022. Full year 2023 saw a $1.25 per share increase in EPS over 2022. Regulated utilities spent $175.7 million in capital expenditures in 2023, with a new general rate case outlining a $611.4 million investment plan for 2025 - 2027. Quarterly dividend increased by 8.2% in 2023 with a CAGR of 9.4% over five years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.06%
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Rhea-AI Summary
American States Water Company (AWR) has approved a quarterly dividend of $0.43 per share for its Common Shares, marking the 351st consecutive dividend payment. Shareholders have seen an increase in their calendar year dividend for 69 consecutive years, positioning the company among an exclusive group of NYSE companies. The company aims for a compound annual growth rate in the dividend of over 7% in the long-term, with a quarterly dividend rate growing at a 9.4% compound annual growth rate over the last five years. Dividends will be payable on March 1, 2024, to shareholders of record as of February 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
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dividends
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Rhea-AI Summary
American States Water Company (AWR) plans to release its Q4 and full-year 2023 financial results on February 21, 2024. The conference call to discuss the results will be hosted by the company's president, CEO, and CFO on February 22, 2024. Interested parties can listen to the live conference call and view accompanying slides on the company's website. The call will be archived for replay until February 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.44%
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conferences earnings
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Rhea-AI Summary
American States Water Company reported a 23.2% increase in diluted earnings per share for the third quarter of 2023 compared to the same period in 2022. The company filed a water utility general rate case for new rates in 2025-2027, outlining a $611.4 million investment plan. The water segment saw a 24.1% increase in diluted earnings per share, driven by rate increases and higher operating expenses.
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Rhea-AI Sentiment
End-of-Day
-2.25%
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Rhea-AI Summary
American States Water Company (NYSE:AWR) has approved a quarterly dividend of $0.43 per share on the Common Shares, marking the 350th consecutive dividend payment. Shareholders have received an increase in their calendar year dividend for 69 consecutive years, positioning the company among a select group on the NYSE. The company aims for a compound annual growth rate in the dividend of over 7% in the long-term, with a quarterly dividend rate growth of 9.4% over the past five years. Dividends will be payable on December 1, 2023, to shareholders of record on November 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.15%
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dividends
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Rhea-AI Summary
American States Water Company to release Q3 2023 financial results
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-1.01%
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conferences earnings
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Rhea-AI Summary
American States Water Company's subsidiary, American States Utility Services, has been awarded a 50-year contract by the U.S. government to operate and maintain water distribution and wastewater collection facilities at Naval Air Station Patuxent River. The initial contract value is estimated at $349 million over the 50-year period. ASUS will also have the opportunity to generate additional revenues through contract modifications. NAS Pax River is headquarters to several naval commands and ASUS will now provide utility services at twelve military bases across eight states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
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American States Water Co.

NYSE:AWR

AWR Rankings

AWR Stock Data

2.48B
36.60M
0.82%
79.27%
1.17%
Water Supply and Irrigation Systems
Utilities
Link
United States
San Dimas

About AWR

about the company: american states water company (awr) is the parent company of both golden state water company (gswc) and american states utility services, inc. (asus). through golden state water company, awr provides water service to approximately 258,000 customers located within 75 communities throughout 10 counties in northern, coastal and southern california. the company also distributes electricity to approximately 24,000 customers in the city of big bear and surrounding areas in san bernardino county, california through the services of bear valley electric services (bves). through its contracted services subsidiary, american states utility services, inc. (asus), the company provides operations, maintenance and construction management services for water and wastewater systems located on military bases throughout the country through 50-year privatization contracts with the u.s. government. american states water company has paid dividends to shareholders every year since 1931, incr