earnings
confidence high
sentiment positive
materiality 0.70
AWR Q3 EPS $0.95 vs $0.85 YoY; dividend raised 8.3%; $650M rate case capital authorized
AMERICAN STATES WATER CO
2024-Q3 EPS reported
$2.42
revenue$452,361,000
- Diluted EPS of $0.95 for Q3 2024, up $0.10 from Q3 2023; water segment contributed $0.84 (+$0.12 YoY).
- Quarterly dividend increased 8.3% to $0.4655, payable Dec 2, 2024; marks 70th consecutive year of increases.
- Regulated utilities reached settlements authorizing nearly $650M in capital investments over water and electric rate cycles.
- Contracted services expects FY2024 contribution of $0.54-$0.57 per share; awarded $54M new construction YTD Sep 2024.
- Electric rate case settlement filed Nov 1, 2024; decision expected Q1 2025; retroactive to Jan 1, 2023.