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) will release its second quarter financial results for the period ending June 30, 2021, on August 2, 2021, after market close. A conference call to discuss these results will be held on August 3, 2021, at 2:00 p.m. Eastern Time. The call will include a question and answer session. Interested listeners can access the live call and slides at www.aswater.com. The archived version will be available from August 3 at 5:00 p.m. Eastern Time until August 10, 2021.
Summary not available.
American States Water Company (NYSE:AWR) reported a 36.8% increase in earnings per share (EPS), reaching $0.52 for Q1 2021, compared to $0.38 in Q1 2020. This improvement was driven by a $2.5 million increase in water gross margin due to new rates from the California Public Utilities Commission. The electric segment saw a marginal increase of $0.01 per share, while the contracted services segment increased by $0.04 per share. AWR's Board approved a $0.335 dividend per share for Q2 2021, reflecting its long-standing commitment to dividend growth.
On April 30, 2021, the Board of Directors of American States Water Company (NYSE: AWR) announced a quarterly dividend of $0.335 per share, marking the 340th consecutive dividend payment. For 66 years, the company has increased its annual dividend, achieving a 9.4% CAGR from 2010 to 2020. The dividend will be payable on June 2, 2021, to shareholders of record by May 17, 2021. The company aims for a long-term annual growth rate in dividends exceeding 7%.
American States Water Company (NYSE:AWR) will release its first quarter financial results for the period ending March 31, 2021, after market close on May 3, 2021. A conference call to discuss the results will take place on May 4, 2021, at 2:00 p.m. Eastern Time, featuring CEO Robert Sprowls and CFO Eva Tang. The call will include a Q&A session and will be accessible via www.aswater.com. It will also be archived for replay starting May 4, 2021, at 5:00 p.m. Eastern Time.
American States Water Company has a long history of dividend payments, having increased dividends for 66 consecutive years.
American States Water Company (AWR) reported a fourth-quarter earnings per share of $0.55, up from $0.45 in Q4 2019. For the full year 2020, earnings were $2.34 per share, compared to $2.28 in 2019. The water segment contributed $0.32 per share, boosted by a $1.7 million gross margin increase due to new rates. The electric segment saw earnings rise to $0.07 per share, and contracted services remained steady at $0.47. AWR declared a quarterly dividend of $0.335 per share, marking over 81 consecutive years of dividends.
American States Water Company (NYSE:AWR) announced it will release its fourth quarter and year-end financial results on February 22, 2021, after market close. A conference call hosted by CEO Robert Sprowls and CFO Eva Tang will take place on February 23 at 2:00 p.m. ET. Participants can access the call online at www.aswater.com. The results will be available for replay starting February 23 at 5:00 p.m. ET. The company has consistently paid dividends since 1931, increasing them for 66 consecutive years, distinguishing it on the NYSE.
On February 2, 2021, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.335 per share, marking the 339th consecutive dividend payment. The company has increased its dividend every year for 66 years, demonstrating strong commitment to shareholders. AWR aims for a compound annual growth rate of over 7% for dividends and achieved a 9.4% growth rate from 2010 to 2020. Dividends will be payable on March 2, 2021, to shareholders of record by February 16, 2021.
Summary not available.
American States Water Company (NYSE:AWR) reported earnings per share of $0.72 for Q3 2020, down from $0.76 in Q3 2019. Adjusted for a retroactive impact, earnings rose by 4.3%. The water segment earnings per share increased by $0.04 to $0.57, while the electric segment saw a decrease to $0.04 from $0.10 per share. For 2020 year-to-date, earnings decreased slightly to $1.79 from $1.83 per share. AWR announced a Q4 dividend of $0.335 per share, marking a 9.8% increase. The company faces challenges including increased operating expenses and construction delays attributed to COVID-19.
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