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.