earnings
confidence high
sentiment positive
materiality 0.75
AWR Q4 2023 EPS $0.55 (+10% YoY); full-year adj. EPS $2.85; dividend up to $0.43/qtr
AMERICAN STATES WATER CO
2023-FY EPS reported
$3.36
revenue$595,699,000
- Q4 2023 GAAP diluted EPS $0.55 vs $0.50 prior year; adjusted Q4 EPS $0.55 vs $0.53.
- Full-year 2023 GAAP EPS $3.36 vs $2.11; adjusted EPS $2.85 vs $2.24, up $0.41 (17.5%).
- Water utility spent $175.7M in company-funded capex in 2023 (historic high); filed new GRC with $611.4M infrastructure plan for 2025-2027.
- Quarterly dividend increased 8.2% to $0.43/share; five-year CAGR of 9.4%.
- CPUC approved deferral of next cost of capital filing to 2025; ROE for 2024 set at 10.06% via WCCM.