Core Viewpoint - American States Water (AWR) reported quarterly earnings of $0.70 per share, matching the Zacks Consensus Estimate and showing an increase from $0.62 per share a year ago [1] - The company also posted revenues of $148.01 million for the quarter, exceeding the Zacks Consensus Estimate by 4.24% and up from $135.25 million year-over-year [2] Financial Performance - Earnings per share (EPS) for the last quarter were $0.70, consistent with estimates, and the company has surpassed consensus EPS estimates two times in the last four quarters [1] - Revenues for the quarter were $148.01 million, surpassing expectations and marking a year-over-year increase [2] - The current consensus EPS estimate for the upcoming quarter is $0.91, with projected revenues of $169 million, and for the current fiscal year, the estimate is $3.28 on $621 million in revenues [7] Market Performance - American States Water shares have increased by approximately 3.9% since the beginning of the year, contrasting with a decline of -4.7% in the S&P 500 [3] - The company's stock is currently rated Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future due to unfavorable estimate revisions [6] Industry Outlook - The Utility - Water Supply industry is currently ranked in the top 21% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - For the first quarter of 2025, American States Water Company reported diluted earnings per share of $0.70, an increase of $0.08 or 13% compared to $0.62 in the same period of 2024[2][6]. - Net income for Q1 2025 was $26,844,000, representing a 16.7% increase compared to $23,135,000 in Q1 2024[21]. - Basic earnings per common share rose to $0.70 in Q1 2025, up from $0.62 in Q1 2024, reflecting a 12.9% increase[21]. - Operating income for Q1 2025 was $45,546,000, a 16.8% increase from $38,974,000 in Q1 2024[21]. - Total operating revenues for Q1 2025 increased to $148,013,000, up 9.8% from $135,251,000 in Q1 2024[21]. Revenue Contributions - The water utility segment contributed $0.52 per share, up from $0.48 per share in the prior year, primarily due to new water rates approved by the California Public Utilities Commission (CPUC) for 2025-2027[5][6]. - The electric utility segment saw an increase in diluted earnings of $0.02 per share, attributed to new electric rates implemented retroactively to January 1, 2023, which supported revenue growth despite higher operating costs[9][6]. - The first quarter of 2025 saw an increase in water operating revenues of $11.7 million, largely due to the new rate increases effective January 1, 2025[10]. Dividends and Shareholder Returns - The company declared a second quarter dividend of $0.4655 per share, continuing a 70-year history of annual dividend increases[13]. - Dividends paid per common share increased to $0.4655 in Q1 2025, compared to $0.4300 in Q1 2024, reflecting an 8.0% increase[21]. Capital Investments and Financial Position - The company received CPUC authorization for nearly $650 million in capital investments related to its regulated utilities' general rate cases[6]. - Total assets increased to $2,545,453,000 as of March 31, 2025, compared to $2,500,209,000 at the end of 2024, marking a growth of 1.8%[21]. - Current liabilities rose to $294,296,000 in Q1 2025, up from $285,525,000 in Q4 2024, indicating a 3.0% increase[21]. Operating Expenses and Interest - Total operating expenses for Q1 2025 were $102,467,000, up from $96,277,000 in Q1 2024, representing a 6.5% increase[21]. - Interest expense decreased to $12,082,000 in Q1 2025 from $12,855,000 in Q1 2024, a reduction of 6.0%[21]. Share Issuance - The company has sold 1,479,767 Common Shares through its at-the-market offering program, which has a gross offering price of up to $200 million[10]. Future Outlook - AWR's contracted services business is projected to contribute between $0.59 and $0.63 per share for the full year 2025[6][11]. - AWR's transition to a modified rate adjustment mechanism (M-WRAM) may lead to future revenue volatility due to fluctuations in water consumption[5][10]. - AWR's diluted losses from the parent company decreased by $0.01 per share due to lower interest expenses from reduced borrowing levels[12].

Financial Performance - Total operating revenues for Q1 2025 reached $148,013,000, a 9.5% increase from $135,251,000 in Q1 2024[26] - Net income for Q1 2025 was $26,844,000, compared to $23,135,000 in Q1 2024, reflecting a 16.7% year-over-year growth[26] - Basic earnings per common share increased to $0.70 in Q1 2025 from $0.62 in Q1 2024, representing a 12.9% increase[26] - Operating income for Q1 2025 was $45,546,000, up from $38,974,000 in Q1 2024, reflecting a 16.0% increase[26] - Net income for the three months ended March 31, 2025, was $26,844,000, an increase of 16.7% compared to $23,135,000 for the same period in 2024[31] - Total operating revenues for the first quarter of 2025 reached $102,003,000, up 13.0% from $90,265,000 in the first quarter of 2024[39] - Operating income increased to $34,796,000 in Q1 2025, representing a 19.0% rise from $29,167,000 in Q1 2024[39] - Segment net income for the three months ended March 31, 2025, was $27.7 million, compared to $24.3 million for the same period in 2024, indicating an increase of about 10.0%[108][110] - For the three months ended March 31, 2025, consolidated diluted earnings per share increased to $0.70, up from $0.62 in the same period in 2024, representing a growth of 12.9%[131] Assets and Liabilities - Total assets as of March 31, 2025, were $2,545,453,000, up from $2,500,209,000 at the end of 2024, indicating a 1.8% growth[22] - Common shareholders' equity increased to $956,407,000 as of March 31, 2025, compared to $920,051,000 at the end of 2024, a rise of 3.9%[25] - Long-term debt rose to $690,208,000 as of March 31, 2025, from $640,382,000 at the end of 2024, marking a 7.8% increase[25] - Total current liabilities increased to $294,296,000 as of March 31, 2025, compared to $285,525,000 at the end of 2024, a rise of 3.0%[25] - Cash and cash equivalents decreased to $21,229,000 as of March 31, 2025, from $26,661,000 at the end of 2024, a decline of 20.4%[22] Cash Flow and Investments - Cash flows from operating activities provided $36,866,000 in Q1 2025, up from $30,992,000 in Q1 2024, reflecting a growth of 19.1%[44] - Capital expenditures for the three months ended March 31, 2025, were $67,565,000, compared to $47,550,000 in the same period of 2024, indicating a 42.1% increase[31] - AWR's net cash used in investing activities was $67.4 million for Q1 2025, compared to $47.4 million in Q1 2024, mainly related to capital expenditures at regulated utilities[187] - GSWC's net cash used in investing activities was $57.7 million for Q1 2025, compared to $41.1 million in Q1 2024, reflecting spending under infrastructure investment plans[196] Revenue Sources - For the three months ended March 31, 2025, total water revenues were $102.0 million, an increase of 13% from $90.3 million in the same period of 2024[60] - Total electric revenues for the same period were $15.0 million, up 23% from $12.2 million in 2024[60] - Contracted services revenues from contracts with customers were $31.0 million, a decrease of 5% from $32.8 million in the prior year[60] Regulatory and Compliance - GSWC's new rates for 2025 were implemented retroactively to January 1, 2025, following a CPUC decision on January 30, 2025[69] - The new Monterey-style WRAM and ICBA for supply costs became effective on January 1, 2025, replacing the previous WRAM and MCBA mechanisms[72] - GSWC's regulatory asset and accrued liability for the estimated remaining cleanup costs is $1.3 million, which is expected to be approved in the rate base by the CPUC[102] - The CPUC approved BVES's recovery of incremental wildfire mitigation costs incurred prior to 2023, which were not included in customer rates before the final decision[211] Dividends and Shareholder Returns - The company paid dividends of $0.4655 per common share in Q1 2025, compared to $0.4300 in Q1 2024, a 8.8% increase[26] - AWR paid quarterly dividends of approximately $17.8 million, or $0.4655 per share, in Q1 2025, compared to $15.9 million, or $0.4300 per share, in Q1 2024[84] Debt and Financing - AWR raised $25.8 million through the ATM offering program in Q1 2025, compared to $16.2 million in Q1 2024, marking a 59.5% increase in proceeds[53] - As of March 31, 2025, AWR's outstanding borrowings under its credit facilities were $106.0 million, while GSWC's were $143.0 million[177] - GSWC expects to issue up to $750.0 million of new long-term debt and equity securities in Q2 2025 to facilitate the pay-off of outstanding borrowings[54] Operational Metrics - Water consumption increased by 12.0% in Q1 2025 compared to the same period in 2024, influenced by lower seasonal precipitation[142] - The contracted services segment is expected to contribute between $0.59 and $0.63 per share for the full year 2025[136] Environmental and Regulatory Assets - BVES had approximately $14.8 million in regulatory assets related to wildfire mitigation plans as of March 31, 2025[76] - GSWC and BVES had $59.6 million of net regulatory assets, including $153.6 million of regulatory assets and $94.0 million of regulatory liabilities[66] Interest and Tax Expenses - Interest expense for the three months ended March 31, 2025, was $10.8 million, compared to $11.1 million in the same period of 2024, indicating a decrease of approximately 2.7%[108][110] - Consolidated income tax expense increased by $1,066,000 or 14.4% to $8,462,000 for the three months ended March 31, 2025, compared to $7,396,000 in 2024[170]

American States Water (AWR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 7, 2025, might help the stock move higher if these key numbers are better th ...

I wanted to look at American States Water Company's (NYSE: AWR ) performance in the last year and give some comments on the outlook and why for me, it is not the right move at this stage. There is a Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking A ...

Financial Results Call Presentation Fourth Quarter and Full Year 2024 February 20, 2025 NYSE: AWR Today's Presenters Robert J. Sprowls President & CEO Eva G. Tang SVP – Finance & CFO 2 Forward-Looking Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can often be identified by words such as "anticipate," "estimate," "expect," "intend," "may," "should" and similar phrases and expressions, and ...

American States Water Company (NYSE:AWR) Q4 2024 Earnings Call February 20, 2025 2:00 PM ET Company Participants Bob Sprowls - President and Chief Executive Officer Eva Tang - Senior Vice President, Finance and Chief Financial Officer Conference Call Participants Jonathan Reeder - Wells Fargo Operator Ladies and gentlemen, thank you for standing by. Welcome to the American States Water Company Conference Call discussing the company’s Fourth Quarter and Full Year 2024 Results. [Operator Instructions] The cal ...

American States Water Company (AWR) reported fourth-quarter 2024 operating earnings per share (EPS) of 69 cents, which beat the Zacks Consensus Estimate of 60 cents by 15%. In the year-ago quarter, the company reported EPS of 55 cents.Full-year 2024 EPS was $3.17, up 11.2% from last year’s registered figure of $2.85.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.AWR’s Total RevenuesOperating revenues totaled $143.1 million, which outpaced the Zacks Consensus Estimate of $126 million ...

American States Water (AWR) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15%. A quarter ago, it was expected that this water and electric utility would post earnings of $0.99 per share when it actually produced earnings of $0.95, delivering a surprise of -4.04%.Over the last four q ...

Exhibit 99.1 American States Water Company Announces Fourth Quarter and Full Year 2024 Results Water Segment: On January 30, 2025, the California Public Utilities Commission ("CPUC") issued a final decision in connection with GSWC's recent general rate case that, among other things, adopted a settlement agreement between GSWC and the Public Advocates Office at the CPUC, which excluded from customer rates certain excess deferred income tax balances generated by activities outside of ratemaking that were prev ...