Welcome to our dedicated page for American States Water Company news (Ticker: AWR), a resource for investors and traders seeking the latest updates and insights on American States Water Company 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.
American States Water Company (NYSE:AWR) announced a dividend increase from $0.3650 to $0.3975 per share, effective for Q3 2022. This marks the 345th consecutive dividend payment and represents an 8.9% annualized increase, totaling $1.59 per share. The dividend growth shows a 9.3% CAGR over the past five years. Dividends will be payable on September 1, 2022, to shareholders of record by August 15, 2022. The company boasts 68 years of consistent annual dividend increases, reflecting strong financial confidence and a commitment to shareholder value.
American States Water Company (NYSE:AWR) announced it will release its second quarter financial results for the period ending June 30, 2022, after the market closes on August 1, 2022. A conference call will follow on August 2, 2022, at 2:00 p.m. ET, hosted by President Robert Sprowls and CFO Eva Tang. Investors can listen live and access slides through the company's website, with an archived replay available from 5:00 p.m. ET on the same day until August 9, 2022. The company has paid annual dividends since 1931, marking 67 consecutive years of increases.
American States Water Company (NYSE:AWR) reported basic and diluted earnings per share of $0.38 for Q1 2022, down from $0.52 in Q1 2021. A delay in rate adjustments from the California Public Utilities Commission impacted revenues, which were based on 2021 rates. If approved, new rates would increase revenues by approximately $6.3 million retroactively. The water segment saw a 30% decline in earnings per share, primarily due to lower revenues and increased costs. While liquidity was strengthened by a credit facility amendment, Q1 investments incurred losses of $1.7 million.
On April 28, 2022, American States Water Company (NYSE:AWR) announced a quarterly dividend of $0.365 per share, marking its 344th consecutive dividend payment. The company has increased its dividend for 67 consecutive years, showcasing a strong commitment to shareholder returns. Its long-term policy aims for a compound annual growth rate of over 7%, with nearly 10% growth from 2011-2021. Dividends will be paid on June 1, 2022 to shareholders of record by May 16, 2022.
American States Water Company (NYSE:AWR) announced plans to release its first quarter financial results for the period ending March 31, 2022, after market close on May 2, 2022. A conference call will be held on May 3, 2022, at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) to discuss the results, featuring CEO Robert Sprowls and CFO Eva Tang. The call will include a Q&A session and will be accessible via the company's website. American States Water has consistently paid dividends for over 90 years, increasing payouts for 67 consecutive years.
American States Water Company (NYSE:AWR) reported a 9.4% increase in consolidated diluted earnings per share (EPS) for 2021, totaling $2.55 compared to $2.33 in 2020. The fourth quarter results showed a slight rise in EPS to $0.55 from $0.54 year-over-year. Gains on investments for retirement plans contributed $4.3 million or $0.08 per share. However, operating expenses increased by $3.1 million, affecting profitability. The company continues to pay dividends, maintaining a 67-year streak of annual increases, with a current policy targeting a compound growth rate of over 7%.
American States Water Company (NYSE:AWR) plans to release its fourth quarter and year-end financial results for 2021 after market close on February 22, 2022. A conference call will be held by CEO Robert Sprowls and CFO Eva Tang on February 23, 2022, at 2:00 PM ET to discuss the results, featuring a Q&A session. The call will be accessible online at www.aswater.com and archived for replay from February 23 at 5:00 PM ET until March 2, 2022. AWR has a history of paying increasing dividends for 67 consecutive years, serving over one million customers across nine states.
On February 1, 2022, American States Water Company (NYSE:AWR) announced a quarterly dividend of $0.365 per share, marking its 343rd consecutive payment. The company has increased its dividend for 67 years, showcasing a commitment to shareholder returns. The current policy aims for a long-term compound annual growth rate of over 7% in dividends, with an impressive nearly 10% growth from 2011 to 2021. Dividends are payable on March 1, 2022, to shareholders of record by February 15, 2022.
American States Water Company (NYSE:AWR) announced a joint settlement motion with the Public Advocates Office regarding its water utility general rate case. Filed on November 23, 2021, this agreement relates to rates for 2022-2024. The settlement could allow GSWC to invest approximately $416.6 million in infrastructure, leading to an annual revenue increase of $20.6 million for 2022. Additional revenue increases of about $13 million are possible for 2023 and 2024, subject to inflation indices. Three issues remain unresolved, including requests for balancing accounts.
American States Water Company (NYSE:AWR) reported a 5.6% increase in third-quarter diluted EPS to $0.76, compared to $0.72 in 2020. Adjusted EPS rose 8.6% year-over-year. Year-to-date, EPS increased 11.7% to $2.00. The water segment saw earnings rise to $0.62 per share due to higher operating revenues from revised rates, offset by increased operating expenses. The company declared a $0.365 dividend per share, continuing its streak of increased dividends for 67 years. A general rate case for 2022-2024 is pending approval.
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