American States Water Company (AWR) Earnings
American States Water Company is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $0.94. AWR has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise +0.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.77 | $0.76 | -1.3% | $169M | +7.8% |
| Feb 18, 2026 | $0.75 | $0.74 | -1.5% | $164M | +21.7% |
| Nov 5, 2025 | $1.01 | $1.06 | +5.0% | $183M | +8.2% |
| May 7, 2025 | $0.70 | $0.70 | +0.0% | $148M | +1.5% |
| Feb 19, 2025 | $0.64 | $0.69 | +7.8% | $143M | -10.7% |
| Feb 21, 2024 | $0.54 | $0.55 | +1.9% | $125M | -5.2% |
| Mar 1, 2023 | $0.82 | $0.50 | -39.0% | $125M | -12.2% |
| May 2, 2022 | $0.53 | $0.38 | -28.3% | $109M | -11.0% |
| Feb 22, 2022 | $0.46 | $0.55 | +19.6% | $117M | -7.4% |
| May 3, 2021 | $0.45 | $0.52 | +15.6% | $117M | +2.7% |
| Feb 22, 2021 | $0.47 | $0.54 | +14.9% | $124M | +12.4% |
| May 4, 2020 | $0.43 | $0.38 | -11.6% | $109M | -11.6% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
· Started 2026 with strong financial results, consolidated earnings per share increased. · All three operating business segments performed well with year-over-year increases. · Regulated utilities are on pace to invest $185 to $225 million in infrastructure investments this year, preparing to file new water and electric rate cases, and cost of capital application deferred for another year. · Contracted services segment had much higher construction activity during the quarter. · American States Water recognized on Newsweek's list of most trustworthy companies in America, ranked number one in energy and utilities industry.
Guidance
· ASUS is projected to contribute 63 cents to 67 cents per share for this year. · Regulated utilities project company-funded capital expenditure to reach $185 to $225 million for the full year of 2026. · American States Water under its at-the-market offering program raised proceeds during the quarter and has remaining balance available, not expecting to continue the ATM program once remaining balance is fully utilized.
Segment performance
Consolidated earnings per share for the quarter was 76 cents compared to 70 cents in the same quarter of 2025, an increase of 8.6%. The water utility, Golden State Water, had earnings of $0.55 per share compared to $0.52 per share in the first quarter of last year, with the increase due to new water rates for 2026 but offset by higher water supply costs, etc. The electric segment had earnings of $0.08 per share for the quarter compared to $0.07 per share in the same quarter last year, increase related to rate increases but offset by higher operating and interest expenses. Earnings from ASUS were $0.15 per share for the quarter compared to $0.13 per share in the same quarter last year, increase due to higher construction activities and lower interest expenses but offset by increasing operating expenses. Revenue for water segment increased by $11.1 million due to new 2026 water rate, electric segment revenue increased by $3.7 million mainly due to fourth-year array increases and additional revenues from approved advice letter projects in 2025, revenues from SUS increased $6.4 million due to higher construction activities during the quarter.
Risks & headwinds
· Golden State Water's earnings have been and will be subject to future volatility from favorable and unfavorable changes in the water supply source mix compared to the adopted mix incorporated in the revenue requirement. · The company may be subject to future volatility in revenues and earnings as a result of fluctuations in water consumption by its customers and changes in water supply source mix due to the CPUC's decision on the rate adjustment mechanism.
Analyst Q&A
Q:
A: As there are no questions, this concludes our question and answer session.