Welcome to our dedicated page for Amer States Wtr Co SEC filings (Ticker: AWR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
American States Water Company's SEC filings reveal how a multi-segment utility holding company reports California-regulated water and electric operations alongside military base utility contracts. The 10-K annual report breaks down revenue, earnings, and rate base by segment—Golden State Water Company's water utility operations across 75 communities, Bear Valley Electric Service's electric distribution in the Big Bear area, and American States Utility Services' military privatization contracts. This segment detail shows which business lines drive growth and how regulatory capital investment programs affect rate base expansion.
California Public Utilities Commission rate cases significantly influence the company's financial trajectory, and the 10-K discloses pending general rate case requests, authorized rates of return, regulatory assets and liabilities, and cost recovery mechanisms. Understanding these regulatory disclosures helps investors assess how future commission decisions might affect earnings. The filings also detail the timing of upcoming rate case proceedings for each utility subsidiary, creating visibility into regulatory calendar events.
For a company with an uninterrupted dividend payment history since 1931, the cash flow statements and dividend policy disclosures in quarterly 10-Q filings matter to income investors. The filings show how regulated utility cash flows support dividend distributions while funding substantial capital expenditure programs for infrastructure replacement and system improvements. Tracking the balance between dividends paid and capital invested reveals the company's external financing needs.
Form 4 insider transaction filings track when executives and directors buy or sell shares, providing insight into management confidence. DEF 14A proxy statements detail executive compensation structures, director election matters, and shareholder proposals. For regulated utilities, executive compensation often links to operational metrics like water quality compliance, customer service performance, and regulatory outcomes rather than pure financial metrics.
Material events appear in 8-K filings, including earnings releases, regulatory decisions, military contract awards, and significant operational developments. Our AI-powered analysis explains complex regulatory accounting treatments, breaks down segment performance drivers, and highlights key financial metrics embedded in lengthy quarterly and annual reports, saving hours of manual document review for investors tracking this California utility holding company.
American States Water Company, through its subsidiary Golden State Water Company (GSWC), announced that the California Public Utilities Commission approved a one-year deferral of GSWC’s next cost of capital application. GSWC was scheduled to file this application on May 1, 2026, but the date has been postponed to May 1, 2027, with a corresponding effective date of January 1, 2028. The current Water Cost of Capital Mechanism will remain in place during the deferral period.
GSWC’s currently authorized rate of return on rate base is 7.93%, which will continue through December 31, 2027. This is based on a return on equity of 10.06%, an embedded cost of debt of 5.1%, and a capital structure consisting of 57% equity and 43% debt. The decision effectively keeps GSWC’s existing capital cost assumptions and earnings framework stable for an additional year.
American States Water (AWR) reported an insider transaction by a director. On 11/11/2025, the director sold 528 common shares at a price of $75.90 per share. Following this sale, the director beneficially owned 39,144.891 shares, held directly.
Earlier entries show dividend-equivalent credits: 133.8311 shares on 08/15/2025 at $74.94 and 3.4182 shares on 09/03/2025 at $73.52, each reported as acquisitions.
American States Water (AWR) filed a Form 144 notice for a planned sale of 550 common shares through Charles Schwab, with an aggregate market value of $41,013.50. The shares are expected to be sold on or about 11/10/2025 on the NYSE.
The shares to be sold were acquired via stock option exercises on 05/23/2006 (31 shares), 09/18/2023 (50 shares), and 09/04/2024 (469 shares). AWR reported 38,714,426 shares outstanding.
American States Water Company announced it released earnings for the third quarter ended September 30, 2025, and made its press release available as Exhibit 99.1.
The company stated that the information in this report, including Exhibit 99.1, is being furnished and not filed under the Exchange Act. The common shares trade on the NYSE under the symbol AWR.
American States Water Company (AWR) filed its Q3 2025 10‑Q, reporting higher results across its businesses. Total operating revenues were $182.7 million, up from $161.8 million a year ago, with net income of $41.2 million versus $35.8 million and diluted EPS of $1.06 versus $0.95. For the first nine months, revenue reached $493.8 million and net income was $101.7 million, reflecting growth in water, electric, and contracted services.
Cash from operations was $202.0 million year‑to‑date against capital expenditures of $173.1 million, supporting utility plant expansion. Financing steps included GSWC’s $100.0 million unsecured private notes (Series A 5.30% due 2032; Series B 5.65% due 2037) and BVES’s $50.0 million notes due 2030. AWR sold 201,212 shares via its ATM in Q3 for $14.7 million (nine months: 535,760 shares for $40.5 million), with $68.0 million remaining under the program. Credit facilities for AWR and GSWC now mature in June 2029 with capacities of $195.0 million and $200.0 million. The CPUC’s 2025–2027 rate decision transitioned GSWC to M‑WRAM/ICBA; GSWC recorded a $2.6 million retroactive revenue under‑collection and had $12.8 million of pre‑2025 WRAM/MCBA under‑collections under recovery. As of November 4, 2025, AWR had 38,714,426 common shares outstanding.
American States Water Co. (AWR) officer David R. Schickling reported modest changes in his beneficial ownership tied to deferred compensation and tax withholding. On 06/03/2025 he had 8.7052 common shares credited from deferred units at fair market value, which brought his holdings to 2,310.2624 shares. On 08/12/2025 26.1716 shares were withheld to satisfy a tax liability at $76.21 per share, reducing his holdings to 2,284.0908 shares.
The Form 4 identifies Schickling as an officer, Vice President, Water Operation, and the report was filed by one reporting person. Explanations supplied on the form state the 06/03/2025 entry was deferred units credited at FMV and the 08/12/2025 entry represents shares withheld for taxes.
What happened: American States Water Company (NYSE:AWR) announced that it released an earnings press release for the quarter ended June 30, 2025 and furnished that press release as Exhibit 99.1 to this Form 8-K.
Why it matters: The 8-K itself does not include the company’s financial results; it simply notifies investors that the company published its second-quarter earnings information. The filing also states the press release is "furnished" (not "filed") and includes a cover page interactive data file. Investors should read Exhibit 99.1 for the actual numbers and details.
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