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American States Water Company Earnings Calls
| Release date | May 06, 2026 |
| EPS estimate | $0.770 |
| EPS actual | $0.760 |
| EPS Surprise | -1.30% |
| Revenue estimate | 157.02M |
| Revenue actual | 169.191M |
| Revenue Surprise | 7.75% |
| Release date | Feb 18, 2026 |
| EPS estimate | $0.751 |
| EPS actual | $0.740 |
| EPS Surprise | -1.46% |
| Revenue estimate | 135M |
| Revenue actual | 164.278M |
| Revenue Surprise | 21.69% |
| Release date | Nov 05, 2025 |
| EPS estimate | $1.01 |
| EPS actual | $1.06 |
| EPS Surprise | 4.95% |
| Revenue estimate | 168.817M |
| Revenue actual | 182.716M |
| Revenue Surprise | 8.23% |
| Release date | Aug 06, 2025 |
| EPS estimate | $0.92 |
| EPS actual | $0.87 |
| EPS Surprise | -5.43% |
| Revenue estimate | 170.639M |
| Revenue actual | 163.066M |
| Revenue Surprise | -4.44% |
Last 4 Quarters for American States Water Company
Below you can see how AWR performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 06, 2025 |
| Price on release | $74.37 |
| EPS estimate | $0.92 |
| EPS actual | $0.87 |
| EPS surprise | -5.43% |
| Date | Price |
|---|---|
| Jul 31, 2025 | $73.59 |
| Aug 01, 2025 | $74.74 |
| Aug 04, 2025 | $75.48 |
| Aug 05, 2025 | $74.62 |
| Aug 06, 2025 | $74.37 |
| Aug 07, 2025 | $76.05 |
| Aug 08, 2025 | $75.65 |
| Aug 11, 2025 | $76.21 |
| Aug 12, 2025 | $76.21 |
| 4 days before | 1.06% |
| 4 days after | 2.47% |
| On release day | 2.26% |
| Change in period | 3.56% |
| Release date | Nov 05, 2025 |
| Price on release | $74.07 |
| EPS estimate | $1.01 |
| EPS actual | $1.06 |
| EPS surprise | 4.95% |
| Date | Price |
|---|---|
| Oct 30, 2025 | $71.58 |
| Oct 31, 2025 | $71.31 |
| Nov 03, 2025 | $71.70 |
| Nov 04, 2025 | $74.58 |
| Nov 05, 2025 | $74.07 |
| Nov 06, 2025 | $74.93 |
| Nov 07, 2025 | $74.84 |
| Nov 10, 2025 | $75.07 |
| Nov 11, 2025 | $75.86 |
| 4 days before | 3.48% |
| 4 days after | 2.42% |
| On release day | 1.16% |
| Change in period | 5.98% |
| Release date | Feb 18, 2026 |
| Price on release | $73.40 |
| EPS estimate | $0.751 |
| EPS actual | $0.740 |
| EPS surprise | -1.46% |
| Date | Price |
|---|---|
| Feb 11, 2026 | $70.96 |
| Feb 12, 2026 | $72.89 |
| Feb 13, 2026 | $74.89 |
| Feb 17, 2026 | $74.88 |
| Feb 18, 2026 | $73.40 |
| Feb 19, 2026 | $73.48 |
| Feb 20, 2026 | $72.94 |
| Feb 23, 2026 | $73.50 |
| Feb 24, 2026 | $73.93 |
| 4 days before | 3.44% |
| 4 days after | 0.722% |
| On release day | 0.109% |
| Change in period | 4.19% |
| Release date | May 06, 2026 |
| Price on release | $75.84 |
| EPS estimate | $0.770 |
| EPS actual | $0.760 |
| EPS surprise | -1.30% |
| Date | Price |
|---|---|
| Apr 30, 2026 | $75.29 |
| May 01, 2026 | $75.21 |
| May 04, 2026 | $76.07 |
| May 05, 2026 | $76.20 |
| May 06, 2026 | $75.84 |
| May 07, 2026 | $76.84 |
| May 08, 2026 | $77.20 |
| May 11, 2026 | $77.15 |
| May 12, 2026 | $77.69 |
| 4 days before | 0.731% |
| 4 days after | 2.44% |
| On release day | 1.32% |
| Change in period | 3.19% |
American States Water Company Earnings Call Transcript Summary of Q1 2026
American States Water reported a strong start to 2026 with consolidated EPS of $0.76 versus $0.70 in Q1 2025 (an 8.6% increase). All three business segments—regulated water (Golden State Water), regulated electric (Bear Valley Electric), and Contracted Services (ASUS)—posted year-over-year gains. Revenue rose materially due to new 2026 water and electric rates and higher ASUS construction activity. The company expects company-funded capital expenditures of $185 million to $225 million in 2026, and Golden State Water’s adopted rate base has grown substantially (CAGR ~11.3% from 2021–2026), helped by advice-letter projects added to rate base for 2026. Regulatory activity remains active: Golden State Water will file a new water general rate case by July 1, 2026, and Bear Valley filed an electric rate case for 2027–2030; the CPUC again deferred the water cost-of-capital filing to May 1, 2027 (effective Jan 1, 2028), leaving the current WACC in place through 2027. Management highlighted potential earnings volatility under the CPUC-approved MRAM and incremental supply cost balancing account due to fluctuations in consumption and supply mix. ASUS contributed $0.15/share in Q1 and is projected to contribute $0.63–$0.67/share for the year, supported by higher construction activity and perceived competitiveness for military base contracts. Liquidity is solid (operating cash flow of $71.6M in Q1), the ATM equity program raised $6.2M this quarter with ~$34.3M remaining (management does not expect to continue the program after that), and the company maintains a strong dividend track record (5-year dividend CAGR of 8.5%, above its >7% target).
