SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) today reported diluted earnings per share of $0.75 for the quarter ended December 31, 2024, as compared to diluted earnings per share of $0.55 for the quarter ended December 31, 2023, an increase of $0.20 per share, which includes the impact of the final decision in the electric general rate case recorded in the fourth quarter of 2024 that included retroactive new rates related to the full 2023 year and the second-year rate increases through the nine months ended September 30, 2024, which have been reflected in the 2...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- On February 4, 2025, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.4655 per share on the Common Shares of the company. This action marks the 355th consecutive dividend payment by the company. American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 70 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has g...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) announced that on January 30, 2025, the California Public Utilities Commission (“CPUC”) adopted a final decision in connection with the general rate case at AWR’s regulated water utility subsidiary, Golden State Water Company (“GSWC”). The final decision in GSWC’s general rate case proceeding will set new water rates for the years 2025 –2027. The assigned administrative law judge at the CPUC had issued a proposed decision on November 15, 2024 that adopted a settlement agreement between GSWC and the Public Advocates...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) announced today that the company intends to release its fourth quarter and full year ended December 31, 2024 financial results after the market closes on Wednesday, February 19, 2025. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Thursday, February 20. There will be a question and answer session as part of the call. Interested parties c...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) announced that on January 16, 2025, the California Public Utilities Commission (“CPUC”) adopted a final decision in connection with the general rate case at AWR’s regulated electric utility subsidiary, Bear Valley Electric Service, Inc. (“BVES”). The final decision in BVES’s general rate case proceeding will set new electric rates for the years 2023 – 2026. The assigned administrative law judge at the CPUC had issued a proposed decision on December 12, 2024 that adopted a full settlement agreement between BVES, the...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) announced today that on January 14, 2025, the California Public Utilities Commission (“CPUC”) approved a request to defer the cost of capital application by one year for AWR’s wholly owned subsidiary, Golden State Water Company (“GSWC”). GSWC was scheduled to file its next cost of capital application on May 1, 2025. In December 2024, GSWC, along with three other investor-owned California water utilities, requested a further extension of the date by which each of them must file their cost of capital applications. The ...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) announced that on December 12, 2024, its regulated electric utility subsidiary, Bear Valley Electric Service, Inc. (“BVES”), received a proposed decision from the assigned administrative law judge at the California Public Utilities Commission (“CPUC”) in connection with the pending general rate case proceeding that will determine new electric rates for the years 2023 – 2026. The proposed decision is scheduled to be voted on by the CPUC on January 16, 2025. When a final decision is issued by the CPUC, the new rates wi...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) announced that on November 15, 2024, its regulated water utility subsidiary, Golden State Water Company (“GSWC”), received a proposed decision from the assigned administrative law judge at the California Public Utilities Commission (“CPUC”) in connection with the pending general rate case proceeding that will determine new water rates for the years 2025 – 2027. A final decision by the CPUC is expected as soon as the end of the fourth quarter of 2024. When a final decision is issued by the CPUC, the new rates for 2025...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE: AWR) today reported basic and fully diluted earnings per share of $0.95 for the quarter ended September 30, 2024, as compared to basic and fully diluted earnings per share of $0.85 for the quarter ended September 30, 2023, an increase of $0.10 per share, generated from higher earnings at AWR’s water utility subsidiary, Golden State Water Company (“GSWC”), which contributed an increase of $0.12 per share that included a net favorable variance of $0.06 per share from gains generated on investments held to fund one of the c...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- On October 29, 2024, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.4655 per share on the Common Shares of the company. This action marks the 354th consecutive dividend payment by the company. American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 70 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company’s qua...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) announced today that the company intends to release its third quarter ended September 30, 2024 financial results after the market closes on Wednesday, November 6, 2024. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Thursday, November 7. There will be a question and answer session as part of the call. Interested parties can listen to the ...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $0.85 for the quarter ended June 30, 2024, as compared to basic and fully diluted earnings per share of $1.04 for the quarter ended June 30, 2023, a decrease of $0.19 per share, which includes the impact of approximately $0.18 per share resulting from the reversal in June 2023 of previously recorded estimated revenues subject to refund as a result of the final cost of capital decision. Excluding this item from the three months ended June 30, 2023 results, a...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- On July 30, 2024, the Board of Directors of American States Water Company (NYSE:AWR) approved an increase in the company’s third quarter cash dividend to $0.4655 per share from $0.4300 per share on the common shares of the company. The annualized dividend rate after this increase is $1.862 per share, which represents an 8.3% increase from the current annualized dividend rate of $1.72 per share. This action marks the 353rd consecutive dividend payment by the company. American States Water Company has paid dividends every year since 1931, increasing the divid...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) announced that on July 12, 2024, its regulated water utility subsidiary, Golden State Water Company (GSWC) and the Public Advocates Office (Cal Advocates) at the California Public Utilities Commission (CPUC) filed a joint motion to adopt a settlement agreement between GSWC and Cal Advocates in connection with the water utility general rate case. GSWC had filed a general rate case application in August 2023 for all of its water regions and the general office to determine new rates for the years 2025 - 2027. The CPUC i...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) announced today that the company intends to release its second quarter ended June 30, 2024 financial results after the market closes on Tuesday, August 6, 2024. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Wednesday, August 7. There will be a question and answer session as part of the call. Interested parties can listen to the live con...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (AWR: NYSE) announced today that the California Supreme Court (the “Court”) issued a ruling on July 8, 2024 that set aside a previously issued order by the California Public Utilities Commission (“CPUC”) in August 2020, which had mandated the discontinuation of an existing full revenue decoupling mechanism known as the Water Revenue Adjustment Mechanism (“WRAM”) used by investor owned water utilities since 2008 that, in conjunction with tiered rates, incentivizes water conservation. In response to the CPUC’s order, AWR’s regula...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $0.62 for the quarter ended March 31, 2024, as compared to basic and fully diluted earnings per share of $0.93 for the quarter ended March 31, 2023, a decrease of $0.31 per share that reflects the recording in the first quarter of 2023: (i) the impact of the water general rate case at AWR’s regulated water utility segment, Golden State Water Company (“GSWC”), including retroactive rates related to the full year of 2022 of $0.38, and (ii) approximately a $0....
SAN DIMAS, Calif.--(BUSINESS WIRE)-- On May 6, 2024, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.43 per share on the Common Shares of the company. This action marks the 352nd consecutive dividend payment by the company. For 69 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company’s current policy is to achieve a compound annual growth rate in the...
SAN DIMAS, Calif.--(BUSINESS WIRE)-- American States Water Company (AWR: NYSE) announced today that after successful transitions, its contracted services subsidiary, American States Utility Services, Inc. (“ASUS”), has officially begun operating the water and wastewater utility systems at Naval Air Station Patuxent River in Maryland under a 50-year privatization contract with the U.S. government and at Joint Base Cape Cod in Massachusetts under a 15-year contract with the U.S. government. Operations commenced at Naval Air Station Patuxent River on April 1, 2024. The value of this contract is...
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