earnings
confidence high
sentiment positive
materiality 0.70
AWR Q4 EPS $0.50; adjusted $0.56 (+9.8%); water rate case delay reduced EPS by $0.09; dividend $0.3975
AMERICAN STATES WATER CO
2022-FY EPS reported
$2.11
revenue$491,528,000
- Q4 2022 diluted EPS $0.50 (down $0.05 YoY); full year $2.11 (down $0.44). Water segment $0.28 vs $0.36; electric $0.08 vs $0.07; contracted services $0.17 vs $0.13.
- Adjusted Q4 EPS $0.56 (+9.8% YoY) and adjusted full year $2.59 (+$0.12) excluding rate case delay and investment gains/losses.
- Water rate case delay: if 2022 rates had been approved, Q4 EPS would have been $0.09 higher, full year $0.38 higher.
- Investment gains/losses: Q4 $0.03 gain vs $0.04 gain in 2021; full year $0.10 loss vs $0.08 gain in 2021.
- Dividend: $0.3975 per share paid March 1, 2023; 68 consecutive years of increases; policy of >7% CAGR.