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Amer States Wtr Co - AWR STOCK NEWS

Welcome to our dedicated page for Amer States Wtr Co news (Ticker: AWR), a resource for investors and traders seeking the latest updates and insights on Amer States Wtr Co stock.

American States Water Company (AWR) is a distinguished utility services provider based in California. As the parent company of both Golden State Water Company (GSWC) and American States Utility Services, Inc. (ASUS), AWR plays a pivotal role in delivering essential utilities to communities across the state and beyond. GSWC offers water services to approximately 258,000 customers spread over 75 communities in 10 counties across Northern, Coastal, and Southern California. Additionally, Bear Valley Electric Services (BVES), a division of GSWC, supplies electricity to around 24,000 customers in the Big Bear area of San Bernardino County.

Through American States Utility Services, Inc. (ASUS), AWR extends its expertise to water and wastewater system management on military bases across the United States. These services are rendered under long-term 50-year privatization contracts with the U.S. government, emphasizing the company's dedication to reliable and sustainable utility management.

Founded with a commitment to reliability, AWR has consistently paid dividends to shareholders annually since 1931, showcasing a robust financial foundation. The company's operations are organized into three main segments: water, electric, and contracted services. The majority of revenue is generated from water services provided to both commercial and residential customers.

Golden State Water operates under the regulation of the California Public Utilities Commission, ensuring compliance and quality in their service delivery. Meanwhile, American States Utility Services continues to fulfill its contracts with the U.S. government, providing essential services to various military installations.

For investors and stakeholders looking for the latest updates and relevant information on AWR’s performance, current projects, and financial health, this page serves as a comprehensive resource. Stay informed with the latest news and developments about American States Water Company.

News

American States Water Company Announces Fourth Quarter and Full Year 2023 Results

Rhea-AI Summary
American States Water Company (NYSE:AWR) reported a 10% increase in diluted EPS for Q4 2023 compared to Q4 2022. Full year 2023 saw a $1.25 per share increase in EPS over 2022. Regulated utilities spent $175.7 million in capital expenditures in 2023, with a new general rate case outlining a $611.4 million investment plan for 2025 - 2027. Quarterly dividend increased by 8.2% in 2023 with a CAGR of 9.4% over five years.
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American States Water Company Announces Regular Common Dividends

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American States Water Company (AWR) has approved a quarterly dividend of $0.43 per share for its Common Shares, marking the 351st consecutive dividend payment. Shareholders have seen an increase in their calendar year dividend for 69 consecutive years, positioning the company among an exclusive group of NYSE companies. The company aims for a compound annual growth rate in the dividend of over 7% in the long-term, with a quarterly dividend rate growing at a 9.4% compound annual growth rate over the last five years. Dividends will be payable on March 1, 2024, to shareholders of record as of February 20, 2024.
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American States Water Company to Report Fourth Quarter and Full Year 2023 Results

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American States Water Company (AWR) plans to release its Q4 and full-year 2023 financial results on February 21, 2024. The conference call to discuss the results will be hosted by the company's president, CEO, and CFO on February 22, 2024. Interested parties can listen to the live conference call and view accompanying slides on the company's website. The call will be archived for replay until February 29, 2024.
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American States Water Company Announces Third Quarter 2023 Results

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American States Water Company reported a 23.2% increase in diluted earnings per share for the third quarter of 2023 compared to the same period in 2022. The company filed a water utility general rate case for new rates in 2025-2027, outlining a $611.4 million investment plan. The water segment saw a 24.1% increase in diluted earnings per share, driven by rate increases and higher operating expenses.
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American States Water Company Announces Regular Common Dividends

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American States Water Company (NYSE:AWR) has approved a quarterly dividend of $0.43 per share on the Common Shares, marking the 350th consecutive dividend payment. Shareholders have received an increase in their calendar year dividend for 69 consecutive years, positioning the company among a select group on the NYSE. The company aims for a compound annual growth rate in the dividend of over 7% in the long-term, with a quarterly dividend rate growth of 9.4% over the past five years. Dividends will be payable on December 1, 2023, to shareholders of record on November 15, 2023.
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American States Water Company to Report Third Quarter 2023 Results

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American States Water Company to release Q3 2023 financial results
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American States Water Company Announces New Privatization Contract Award at Naval Air Station Patuxent River, Maryland

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American States Water Company's subsidiary, American States Utility Services, has been awarded a 50-year contract by the U.S. government to operate and maintain water distribution and wastewater collection facilities at Naval Air Station Patuxent River. The initial contract value is estimated at $349 million over the 50-year period. ASUS will also have the opportunity to generate additional revenues through contract modifications. NAS Pax River is headquarters to several naval commands and ASUS will now provide utility services at twelve military bases across eight states.
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American States Water Company Announces Second Quarter 2023 Results

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American States Water Company Announces an 8.2% Increase in Quarterly Dividend

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American States Water Company (NYSE:AWR) increases its third quarter cash dividend from $0.3975 to $0.4300 per share, reflecting an annualized dividend rate of $1.72 per share, an 8.2% increase. The company has achieved a 8.1% compound annual growth rate in dividend payments from 2013-2023, reflecting its long-term commitment to sustainable earnings growth.
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American States Water Company to Report Second Quarter 2023 Results

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FAQ

What is the current stock price of Amer States Wtr Co (AWR)?

The current stock price of Amer States Wtr Co (AWR) is $76.54 as of February 28, 2025.

What is the market cap of Amer States Wtr Co (AWR)?

The market cap of Amer States Wtr Co (AWR) is approximately 2.9B.

What services does American States Water Company (AWR) provide?

AWR provides water and electric services in California and manages water and wastewater systems on U.S. military bases through long-term contracts.

Who are the subsidiaries of American States Water Company?

AWR's subsidiaries include Golden State Water Company (GSWC) and American States Utility Services, Inc. (ASUS).

How many customers does Golden State Water Company serve?

Golden State Water Company serves approximately 258,000 customers in 75 communities across 10 counties in California.

What is Bear Valley Electric Services (BVES)?

BVES is a division of Golden State Water Company that supplies electricity to around 24,000 customers in the Big Bear area of San Bernardino County, California.

How does American States Utility Services (ASUS) operate?

ASUS provides operations, maintenance, and construction management services for water and wastewater systems on military bases under 50-year privatization contracts with the U.S. government.

Where is American States Water Company located?

American States Water Company is based in California.

When was American States Water Company founded?

AWR has been paying dividends to shareholders every year since 1931.

What regulatory body oversees Golden State Water Company's operations?

Golden State Water Company is regulated by the California Public Utilities Commission.

What are the main segments of AWR's business?

The main segments of AWR's business are water, electric, and contracted services.

Where can I find the latest news about American States Water Company?

The latest news and updates about AWR can be found on stock market websites such as StockTitan and through the company's official communications.
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Amer States Wtr Co

NYSE:AWR

AWR Rankings

#1197 Ranked by Market Cap
#1275 Ranked by Dividends

AWR Stock Data

2.90B
37.77M
1%
81.2%
1.99%
Utilities - Regulated Water
Water Supply
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United States
SAN DIMAS