American States Water Q1 Earnings Call Highlights

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Sat, May 9, 2026 astatine 8:04 AM CDT 7 min read

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American States Water reported first-quarter 2026 EPS of $0.76, up 8.6% from $0.70 a twelvemonth earlier, with each 3 operating segments contributing to the gain. Higher regulated inferior rates and stronger operation enactment successful its contracted services concern drove the improvement.
Revenue and currency travel besides improved meaningfully, with consolidated gross up $21.2 cardinal and operating currency travel rising to $71.6 cardinal from $45.1 million. The institution said caller complaint increases, surcharges, and timing benefits successful its ASUS concern were cardinal contributors.
The institution remains focused connected regulatory enactment and infrastructure investment, including planned 2026 superior spending of $185 cardinal to $225 cardinal and upcoming complaint lawsuit filings for its h2o and electrical utilities. Management besides warned that changes successful h2o proviso premix could make much net volatility nether the CPUC’s modified gross mechanism.

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American States Water (NYSE:AWR) reported higher first-quarter net arsenic each 3 of its operating segments posted year-over-year gains, supported by complaint increases astatine its regulated utilities and stronger operation enactment successful its contracted services business.

President and Chief Executive Officer Robert Sprowls said consolidated net per stock roseate to $0.76 for the archetypal 4th of 2026, up from $0.70 successful the aforesaid play of 2025, an summation of 8.6%. Sprowls said the institution “started 2026 with beardown fiscal results” and that its h2o utility, electrical inferior and contracted services businesses each contributed to the improvement.

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The institution besides said its regulated utilities stay connected gait to put a combined $185 cardinal to $225 cardinal successful infrastructure during 2026, including spending connected water, wastewater and electrical inferior systems.

Segment net emergence crossed the concern

Golden State Water, the company’s h2o utility, reported net of $0.55 per share, compared with $0.52 per stock successful the prior-year quarter. The summation was mostly attributed to caller h2o rates for 2026, including further gross tied to an proposal missive superior task approved past year. Those gains were partially offset by higher h2o proviso costs, operating expenses, involvement disbursal nett of involvement income, different disbursal and income taxes. The institution besides noted a $0.01-per-share net simplification from the dilutive effect of shares issued nether its at-the-market offering program.

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