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.
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American States Water Company (NYSE:AWR) reported a decrease in third quarter consolidated diluted earnings per share (EPS) of $0.07, totaling $0.69, compared to $0.76 in 2021. This decline is attributed to $1.3 million in investment losses, equating to $0.03 per share. Additionally, water revenues were based on outdated 2021 rates pending approval from the CPUC. If approved, new rates retroactive to January 1, 2022, would result in an estimated revenue increase of $8.7 million. Adjusted EPS for the quarter would have been $0.82, reflecting a 7.9% increase year-over-year.
On November 1, 2022, American States Water Company (NYSE:AWR) announced a quarterly dividend of $0.3975 per share, marking the 346th consecutive dividend payment. The company has increased its annual dividend for 68 years, boasting a 9.2% compound annual growth rate in dividends from 2012 to 2022. The current dividend policy aims for over 7% growth long-term. Dividends will be payable on December 1, 2022, to shareholders on record as of November 15, 2022.
American States Water Company (NYSE:AWR) will release its third quarter financial results for the period ended September 30, 2022, after the market closes on November 7, 2022. A conference call to discuss these results will occur on November 8, 2022, at 2:00 p.m. Eastern Time, featuring CEO Robert Sprowls and CFO Eva Tang. Interested parties can listen live and access slides via www.aswater.com. The call will be archived for replay from November 8 at 5:00 p.m. ET until November 15, 2022.
American States Water Company (NYSE:AWR) announced the signing of Senate Bill 1469 by California Governor Gavin Newsom on September 30, 2022. Effective January 1, 2023, this legislation supports water conservation as California faces its driest period in 1,200 years. It allows utilities like Golden State Water Company to utilize the Water Revenue Adjustment Mechanism (WRAM) in their next rate case, aimed at promoting water conservation. Since WRAM's implementation in 2008, the company has successfully decreased water usage per customer by 32%.
American States Water Company (NYSE:AWR) reported a decrease in diluted EPS to $0.54 for Q2 2022, down from $0.72 in Q2 2021, reflecting a $0.18 drop partly due to $3.5 million investment losses. The company awaits approval from the CPUC for new water rates retroactive to January 1, 2022, which could boost earnings by $0.10 per share. The board has also approved an 8.9% dividend increase effective September 1, 2022. Adjusted EPS stood at $0.71, a slight increase from $0.69 in 2021, highlighting underlying business stability despite external pressures.
American States Water Company (NYSE:AWR) announced a dividend increase from $0.3650 to $0.3975 per share, effective for Q3 2022. This marks the 345th consecutive dividend payment and represents an 8.9% annualized increase, totaling $1.59 per share. The dividend growth shows a 9.3% CAGR over the past five years. Dividends will be payable on September 1, 2022, to shareholders of record by August 15, 2022. The company boasts 68 years of consistent annual dividend increases, reflecting strong financial confidence and a commitment to shareholder value.
American States Water Company (NYSE:AWR) announced it will release its second quarter financial results for the period ending June 30, 2022, after the market closes on August 1, 2022. A conference call will follow on August 2, 2022, at 2:00 p.m. ET, hosted by President Robert Sprowls and CFO Eva Tang. Investors can listen live and access slides through the company's website, with an archived replay available from 5:00 p.m. ET on the same day until August 9, 2022. The company has paid annual dividends since 1931, marking 67 consecutive years of increases.
American States Water Company (NYSE:AWR) reported basic and diluted earnings per share of $0.38 for Q1 2022, down from $0.52 in Q1 2021. A delay in rate adjustments from the California Public Utilities Commission impacted revenues, which were based on 2021 rates. If approved, new rates would increase revenues by approximately $6.3 million retroactively. The water segment saw a 30% decline in earnings per share, primarily due to lower revenues and increased costs. While liquidity was strengthened by a credit facility amendment, Q1 investments incurred losses of $1.7 million.
On April 28, 2022, American States Water Company (NYSE:AWR) announced a quarterly dividend of $0.365 per share, marking its 344th consecutive dividend payment. The company has increased its dividend for 67 consecutive years, showcasing a strong commitment to shareholder returns. Its long-term policy aims for a compound annual growth rate of over 7%, with nearly 10% growth from 2011-2021. Dividends will be paid on June 1, 2022 to shareholders of record by May 16, 2022.
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