American States Water Q4 Earnings & Revenues Increase Y/Y

Key Insights - American States Water Company (AWR) reported fourth-quarter 2025 operating earnings per share (EPS) of 74 cents, reflecting a 32.1% increase from 56 cents in the same quarter last year [1] - AWR's total revenues for 2025 reached $658.1 million, a 10.52% increase from $595.5 million in 2024 [2] - Operating expenses for the fourth quarter totaled $119.2 million, up 14.2% from $104.4 million a year ago, primarily due to higher costs in water and power purchases [3] - Interest expenses decreased by 2.6% year over year to $10.9 million, attributed to lower average borrowing levels and interest rates [4] - Earnings from the Water segment were 50 cents per share, down 3.85% from 52 cents a year ago, while the Electric segment reported 11 cents per share, down 15.4% from 13 cents [5] - The Contracted Services segment saw EPS rise by 45.5% to 16 cents, driven by increased construction activities and management fee revenues [5] - AWR's cash and cash equivalents as of December 31, 2025, were $18.8 million, down from $26.7 million a year earlier, while long-term debt increased to $782.7 million from $640.4 million [7] - Cash provided by operating activities in 2025 totaled $229.7 million, compared to $198.7 million in the previous year [8] - AWR's regulated utilities are authorized to invest nearly $650 million in capital expenditures, with a target of $185-$225 million for 2026 [9]