Welcome to our dedicated page for Amer States Wtr Co news (Ticker: AWR), a resource for investors and traders seeking the latest updates and insights on Amer States Wtr Co stock.
American States Water Company (NYSE: AWR) generates regular news flow as a regulated utilities holding company with water, electric and contracted services operations. Its updates often center on decisions by the California Public Utilities Commission (CPUC), earnings results by business segment and developments in its long-term contracts serving U.S. military installations.
News about the water utility segment, operated by Golden State Water Company, frequently covers CPUC general rate case decisions, step rate increases and changes to revenue and cost balancing mechanisms such as the Monterey-style Water Revenue Adjustment Mechanism and incremental cost balancing accounts. Releases also describe authorizations to provide water service to new planned communities in California and CPUC approvals of capital investment programs.
Coverage of the electric utility segment, Bear Valley Electric Service, Inc., includes CPUC decisions on multi-year rate cases, new rates that support wildfire mitigation plans and vegetation management, and the impact of these regulatory outcomes on segment earnings. These items help investors track how regulatory changes affect revenue and cost recovery at the electric utility.
The contracted services segment, operated by American States Utility Services, Inc., appears in news related to construction activity on military bases, management fee revenues, economic price adjustments and the expected earnings contribution of this business under its long-term contracts with the U.S. government. Company releases also highlight awards of additional construction projects tied to these contracts.
Investors following AWR news will also see regular announcements of quarterly and annual dividends, including details on dividend increases and the company’s long record of consecutive annual dividend growth. Earnings releases provide segment-level diluted earnings per share information and commentary on factors such as new rates, capital investments, water supply costs and non-GAAP measures used by management. This news page aggregates these items so readers can review regulatory developments, financial performance and dividend actions affecting AWR over time.
American States Water Company (NYSE:AWR) has announced a quarterly dividend of $0.4655 per share, marking its 356th consecutive dividend payment. The dividend will be payable on June 3, 2025, to shareholders of record as of May 19, 2025. The company has maintained an impressive dividend history, paying dividends since 1931 and increasing them annually for 70 consecutive years. AWR has demonstrated strong dividend growth with a 5-year CAGR of 8.8% through 2024 and a 10-year CAGR of 8.0%. The company's current policy aims to achieve a dividend CAGR of more than 7% over the long term.
American States Water Company (NYSE:AWR) has announced it will release its first quarter 2025 financial results after market close on Wednesday, May 7, 2025. The company will host a conference call on Thursday, May 8, at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) to discuss the results.
President and CEO Robert Sprowls and Senior VP/CFO Eva Tang will lead the call, which will include a Q&A session. Investors can access the live call and presentation slides at www.aswater.com. A replay will be available on the website from May 8 at 5:00 p.m. Eastern Time through May 15.
American States Water Company (NYSE:AWR) reported Q4 2024 diluted earnings per share of $0.75, up from $0.55 in Q4 2023. The increase includes retroactive rate impacts from the electric utility general rate case. The company recorded a $5 million tax benefit ($0.13 per share) in Q4 2024 following a CPUC decision.
Key highlights include:
- Water segment earnings increased to $0.52 per share from $0.41 per share
- Electric segment earnings rose to $0.13 per share from $0.07 per share
- Full-year 2024 consolidated earnings were $3.17 per share, compared to $3.36 in 2023
The CPUC issued decisions authorizing nearly $650 million in capital investments for the utilities' general rate cases. The water utility rate case sets new rates for 2025-2027, while the electric utility case sets rates for 2023-2026. The company maintained its 70-year streak of consecutive annual dividend increases.
American States Water Company (NYSE:AWR) has declared a quarterly dividend of $0.4655 per share, marking its 355th consecutive dividend payment. The dividend will be payable on March 3, 2025, to shareholders of record as of February 18, 2025.
The company has maintained an impressive dividend history, having paid dividends every year since 1931 and increasing them annually for 70 consecutive years. AWR has demonstrated strong dividend growth with a compound annual growth rate (CAGR) of 8.8% over the past five years through 2024 and an 8.0% CAGR over the past decade. The company's current policy aims to maintain a long-term dividend CAGR of more than 7%.
American States Water Company (NYSE:AWR) has received a final decision from the California Public Utilities Commission (CPUC) regarding the general rate case for its subsidiary, Golden State Water Company (GSWC). The decision, adopted on January 30, 2025, sets new water rates for 2025-2027.
The final decision follows a settlement agreement between GSWC and the Public Advocates Office, with rates effective January 1, 2025. Notably, while an initial proposed decision on November 15, 2024, rejected GSWC's request for a sales reconciliation mechanism, an alternate decision issued December 27, 2024, approved this important mechanism. This allows GSWC to adjust its sales forecast throughout the rate case cycle to address significant consumption fluctuations. The new 2025 rate increases were implemented on February 1, 2025.
American States Water Company (NYSE:AWR) has announced it will release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 19, 2025. The company will hold a conference call to discuss the results on Thursday, February 20, at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time).
The conference call will be hosted by Robert Sprowls, president and CEO, and Eva Tang, senior vice president and CFO, and will include a question and answer session. Investors can access the live call and presentation slides at www.aswater.com. A replay will be available on the website from February 20 at 5:00 p.m. Eastern Time through February 27.
American States Water Company (NYSE:AWR) has received approval from the California Public Utilities Commission (CPUC) to defer the cost of capital application for its subsidiary, Golden State Water Company (GSWC). The CPUC approved postponing the filing date from May 1, 2025, to May 1, 2026, with an effective date of January 1, 2027.
The current Water Cost of Capital Mechanism will remain in place during the deferral period. GSWC's authorized rate of return on rate base will continue at 7.93% through December 31, 2026, based on a weighted cost of capital that includes a 10.06% return on equity, 5.1% embedded cost of debt, and a capital structure comprising 57% equity and 43% debt.
American States Water Company (NYSE:AWR) received a final decision from the California Public Utilities Commission (CPUC) on January 16, 2025, regarding the general rate case for its subsidiary Bear Valley Electric Service (BVES). The decision, consistent with the proposed decision from December 12, 2024, adopts a full settlement agreement setting new electric rates for 2023-2026.
The new rates will be implemented effective March 1, 2025, with retroactive adjustments dating back to January 1, 2023. BVES will file for recovery of retroactive amounts through February 28, 2025, and seek recovery of incremental operating costs related to wildfire mitigation plans within 90 days of the decision's effective date. The financial impact will be detailed in AWR's Q4 2024 earnings release and 2024 Form 10-K.
American States Water Company (NYSE:AWR) received a proposed decision from the California Public Utilities Commission (CPUC) regarding its electric utility subsidiary, Bear Valley Electric Service (BVES). The decision, scheduled for vote on January 16, 2025, adopts a settlement agreement for new electric rates from 2023-2026. Key points include: $75.6 million authorized for capital infrastructure investment, a 10.0% return on equity, 5.51% cost of debt, and a 57% equity/43% debt capital structure. The new rates will be retroactive to January 1, 2023, with the impact expected to be reflected in Q4 2024 results. The agreement also approves recovery of capital expenditures and operating costs related to wildfire mitigation plans.
American States Water Company (NYSE:AWR) received a proposed decision from the California Public Utilities Commission (CPUC) regarding its water utility subsidiary's general rate case for 2025-2027. The decision approves a settlement agreement authorizing $573.1 million in capital infrastructure investments over three years, plus $58.2 million in ongoing advice letter capital investments. The proposal adopts GSWC's sales forecast and a compromise on supply mix, but rejects requests for full sales and revenue decoupling mechanism, transitioning instead to a modified rate adjustment mechanism. New rates will be effective January 1, 2025, with additional increases for 2026 and 2027 subject to earnings tests and inflation adjustments.
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