Departed
Sarah J. Anderson
director
AWR ·
AMERICAN STATES WATER CO
fill a vacancy on the Board created by the resignation of Sarah J. Anderson.
Ready 8-Ks
50
Latest filing
August 5, 2026, 4:25 PM ET
Top materiality
0.85
Event mix
earnings ×17 · other_material ×12 · regulatory ×8
Sentiment
22 pos · 0 neg · 28 neu
Latest earnings
reported 2026-Q1
Executive change
recent →
Recent 8-K filings for AWR
Highest-materiality recent filing
CPUC Adopts Final Decisions in Golden State Water Rate Case and Cost of Capital Proceedings
- CPUC final decision sets new water rates for 2022–2024, adopting full settlement with Public Advocates Office.
- GSWC authorized 8.85% ROE, 5.10% cost of debt, 57% equity capital structure, resulting in 7.24% return on rate base for 2022.
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American States Water Q2 EPS $1.09, up 25.3%; dividend raised 8.2%
Diluted EPS $1.09 vs $0.87 in Q2 2025, a 25.3% increase; water segment contributed $0.91, electric $0.04, contracted services $0.16.
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Shareholders approve 2026 Stock Incentive Plan authorizing 800,000 new shares; directors elected
2026 Stock Incentive Plan approved with over 95% of votes cast in favor; replaces 2016 plan.
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American States Water Q1 EPS $0.76 vs $0.70 YoY; 8.6% increase
Q1 2026 diluted EPS $0.76, up 8.6% from $0.70 in Q1 2025; water segment $0.55 (+$0.03), electric $0.08 (+$0.01), contracted services $0.15 (+$0.02).
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AWR approves 2026 STIP; CEO Sprowls target bonus 100% of base salary
Executive officers eligible for objective (80%) and discretionary (20%) cash bonuses based on 2026 performance.
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American States Water grants RSUs and performance awards to five executives
CEO Sprowls receives 7,362 time-vested RSUs and target of 22,088 performance RSUs.
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Amended equity distribution agreement replaces Janney Montgomery Scott with Huntington Securities as sales agent.
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AWR Q4 adj. EPS +$0.18 YoY to $0.74; FY 2025 EPS $3.37 (+10.9% adj.)
Q4 2025 reported EPS $0.74 vs $0.75 Q4 2024; adjusted EPS $0.74 vs $0.56 (+$0.18).
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American States Water Co approves 2026 base salaries for five top officers
CEO Robert J. Sprowls base salary set at $1,004,300 for 2026.
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CPUC approves one-year deferral of GSWC cost of capital application to May 2027
CPUC postponed GSWC's cost of capital filing from May 1, 2026 to May 1, 2027, effective Jan 1, 2028.
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AWR Q3 EPS up 11.6% to $1.06; GSWC gets CPUC nod for 17,500-unit community
Q3 2025 diluted EPS $1.06 (+$0.11 YoY); water $0.86, contracted services $0.19, electric $0.04.
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American States Water Q2 2025 EPS $0.87, up 2.4% YoY; dividend raised 8.3%
Consolidated diluted EPS $0.87 vs $0.85 in Q2 2024; water segment contributed $0.73, electric $0.03, contracted services $0.13.
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GSWC issues $100M notes and receives $50M equity from parent AWR to reduce debt
GSWC issued 3.65 common shares to parent AWR in exchange for $50M contribution used to pay down credit borrowings.
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AWR shareholders elect directors, approve say-on-pay, ratify auditors
All three Class II director nominees (Bontá, Hopkins, Sprowls) received >28M votes for, with <2.3M withheld each.
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AWR Q1 2025 EPS $0.70, up 13% YoY; new CPUC rates drive water segment growth
Consolidated diluted EPS $0.70 vs $0.62 in Q1 2024, a $0.08 increase driven by new water and electric rates.
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AWR board approves 2025 short-term incentive plan for executives
Compensation Committee approved 2025 Bonus Program on March 27, 2025.
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AWR grants RSUs and performance awards to CEO Sprowls and four other officers
CEO Sprowls: 6,503 time-vested RSUs (33/33/34% vest) and 19,512 target performance awards.
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American States Water Q4 EPS $0.75 vs $0.55; full year adjusted EPS $3.17, up $0.32
Q4 2024 diluted EPS $0.75 (adjusted $0.69) vs $0.55 in Q4 2023; increase driven by CPUC rate decisions and $0.13/share tax benefit.
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AWR approves 2025 base salaries: CEO Sprowls $975K, CFO Tang $630.4K, three other officers
Chairman/CEO Robert Sprowls base salary set at $975,000 for 2025.
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CPUC approves Golden State Water rate case with sales reconciliation mechanism for 2025-2027
CPUC final decision on Jan 30, 2025 sets new water rates for 2025-2027 at GSWC, AWR's regulated utility.
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CPUC approves one-year deferral of Golden State Water cost of capital application to May 2026
GSWC's next cost of capital filing deferred to May 1, 2026; effective date moved to Jan 1, 2027.
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CPUC finalizes Bear Valley Electric rate case; rates rising retroactive to Jan 2023
CPUC adopted final decision on Jan 16, 2025, consistent with proposed decision from Dec 12, 2024.
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CPUC proposed decision approves BVES rate case settlement for 2023-2026; vote Jan 16
Proposed decision adopts revenue requirements for BVES for 2023-2026; voting by CPUC scheduled for Jan 16, 2025.
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CPUC proposed decision adopts GSWC rate case settlement; $573M capital investment authorized
Proposed decision approves settlement in full for 2025-2027 rates; CPUC vote scheduled Dec 19, 2024.
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AWR Q3 EPS $0.95 vs $0.85 YoY; dividend raised 8.3%; $650M rate case capital authorized
Diluted EPS of $0.95 for Q3 2024, up $0.10 from Q3 2023; water segment contributed $0.84 (+$0.12 YoY).
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AWR reports Q2 2024 adjusted EPS $0.85 vs $0.86 YoY; dividend raised 8.3%
Q2 adjusted EPS of $0.85, down $0.01 from $0.86 in Q2 2023; recorded EPS fell from $1.04 on a prior-year one-time benefit.
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AWR unit GSWC reaches CPUC rate case settlement; $573M capital plan approved
Settlement authorizes $573.1M capital infrastructure investment over 2025–2027 three-year cycle.
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Class I directors elected: Steven D. Davis (28.4M for), Anne M. Holloway (26.4M for), Caroline A. Winn (28.6M for).
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AWR Q1 adjusted EPS $0.62, up $0.02 YoY; dividend steady at $0.43
Q1 2024 adjusted EPS $0.62 vs $0.60 YoY; recorded EPS $0.62 vs $0.93 (included $0.38 one-time gain in 2023).
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AWR adopts 2024 Short-Term Incentive Program; CEO target bonus 100% of base salary
Compensation Committee approved 2024 STIP for CEO Robert Sprowls (100%), CFO Eva Tang (38.2%), and other executives.
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CEO Sprowls receives 6,425 time-vested RSUs vesting 33/33/34% on 1st/2nd/3rd anniversaries plus performance award target of 19,275 units.
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American States Water establishes at-the-market equity offering program for up to $200M
Entered Equity Distribution Agreement on Feb 27, 2024 with Wells Fargo, Janney Montgomery Scott, RBC, and Siebert Williams Shank.
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AWR Q4 2023 EPS $0.55 (+10% YoY); full-year adj. EPS $2.85; dividend up to $0.43/qtr
Q4 2023 GAAP diluted EPS $0.55 vs $0.50 prior year; adjusted Q4 EPS $0.55 vs $0.53.
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American States Water sets 2024 base salaries for CEO at $950K, CFO at $599.5K
CEO Robert J. Sprowls base salary set at $950,000 for 2024.
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AWR Q3 EPS $0.85 up 23.2% YoY; files water rate case for $611M infrastructure plan
Q3 2023 diluted EPS $0.85 vs $0.69 in Q3 2022, up 23.2%; adjusted EPS up 16.4% to $0.85 vs $0.73.
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AWR subsidiary wins $349M, 50-year Navy water/wastewater contract at NAS Patuxent River
American States Utility Services awarded 50-year contract by U.S. government for water/wastewater services at Naval Air Station Patuxent River.
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AWR reports Q2 adjusted EPS up 30% to $0.83; raises dividend 8.2%
Q2 2023 reported EPS $1.04 vs $0.54 YoY; adjusted EPS $0.83 vs $0.64 (+30%).
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CPUC Adopts Final Decisions in Golden State Water Rate Case and Cost of Capital Proceedings
CPUC final decision sets new water rates for 2022–2024, adopting full settlement with Public Advocates Office.
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AWR and Golden State Water enter new $150M/$200M credit facilities, replacing 2005 agreement
AWR gets $150M unsecured revolving credit facility, expandable by $75M, and GSWC gets a separate $200M facility, also expandable by $75M.
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AWR shareholders approve 2023 Non-Employee Director Stock Plan; up to 250K shares authorized
Shareholders approved the 2023 Non-Employee Directors Stock Plan authorizing up to 250,000 common shares for issuance.
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AWR Q1 EPS $0.93 incl. $0.36 retroactive rate; adjusted EPS $0.54 vs $0.41 YoY
Q1 diluted EPS $0.93 vs $0.38 YoY; adjusted EPS (ex-retroactive & investment gains) $0.54 vs $0.41.
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Proposed decision adopts settlement with Cal Advocates, authorizes $404.8M capital infrastructure over 2022-2024.
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American States Water approves 2023 executive bonus plan; CEO target 100% of base
CEO Robert J. Sprowls target aggregate bonus 100% of 2023 base salary; CFO Eva G. Tang 37.1%.
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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.
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American States Water appoints Thomas A. Eichelberger to board of directors
Thomas A. Eichelberger appointed to board effective Feb. 8, 2023, filling vacancy from Sarah J. Anderson's resignation.
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American States Water approves 2023 base salaries and performance awards for top executives
CEO Sprowls base salary set at $925,000; CFO Tang at $566,900; Rowley at $432,000; Farrow at $351,100.
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Change-in-control agreements for AWR officers expired Dec. 31, 2022
All change-in-control agreements for officers of American States Water Co. expired on December 31, 2022.
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Golden State Water issues $130M of unsecured private placement notes at 5.12%-5.22%
Series A $100M at 5.12% due Jan 31, 2033; Series B $30M at 5.22% due Jan 31, 2038.
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American States Water Q3 reported EPS $0.69 vs $0.76; adjusted EPS $0.82 vs $0.76
Reported fully diluted EPS $0.69 for Q3 2022 vs $0.76 in Q3 2021, a decrease of $0.07 per share.
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Director Sarah J. Anderson to resign from AWR board effective Feb 2023 for personal reasons
Director Sarah J. Anderson provided advance notice of resignation from boards of American States Water and Golden State Water, effective February 8, 2023.
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AWR reports Q2 2022 EPS $0.54 (down $0.18 YoY); raises dividend 8.9%
Diluted EPS $0.54 vs $0.72 Q2 2021; adjusted EPS $0.71 vs $0.69 YoY, an increase of $0.02.
Executive changes
Appointed
Thomas A. Eichelberger
director
AWR ·
AMERICAN STATES WATER CO
appointed Thomas A. Eichelberger as a director to be effective February 8, 2023 in order to fill a vacancy on the Board created by the resignation of Sarah J. Anderson.
Departed
Sarah J. Anderson
Director
AWR ·
AMERICAN STATES WATER CO
On August 10, 2022, Sarah J. Anderson provided the Company with advance written notice of her plans to resign as a member of the Boards of Directors (the “Boards”) of American States Water Company (NYSE: AWR) and Golden State Water Company effective February 8, 2023 in order to allow the Boards time to find a replacement.
Appointed
Christopher H. Connor
Senior Vice President
AWR ·
AMERICAN STATES WATER CO
On February 24, 2022, American States Utility Services, Inc. (“ASUS”) announced to its employees the appointment of new hire Christopher H. Connor to the position of Senior Vice President of ASUS effective February 28, 2022.
Departed
Bryan K. Switzer
Vice President - Regulatory Affairs
AWR ·
AMERICAN STATES WATER CO
Mr. Bryan K. Switzer, Vice President - Regulatory Affairs retired from Golden State Water Company (GSWC), a wholly owned subsidiary of American States Water Company (AWR), on January 14, 2022.
Role change
Paul J. Rowley
Senior Vice President – Regulated Water Utility
AWR ·
AMERICAN STATES WATER CO
Effective December 10, 2021, Golden State Water Company (“GSWC”), a wholly owned subsidiary of American States Water Company (“AWR” or “the Company”), announces the appointment and promotion of Paul J. Rowley, age 57, to the position of Senior Vice President – Regulated Water Utility.
Departed
Bryan K. Switzer
Vice President – Regulatory Affairs
AWR ·
AMERICAN STATES WATER CO
Mr. Bryan K. Switzer, Vice President – Regulatory Affairs for Golden State Water Company, a wholly owned subsidiary of American States Water Company, has informed the Company that he intends to retire from the Company on January 14, 2022.
Departed
Stuart G. Harrison
Senior Vice President
AWR ·
AMERICAN STATES WATER CO
On August 12, 2021, American States Utility Services, Inc. and its subsidiaries (“ASUS”), a wholly-owned subsidiary of American States Water Company (NYSE: AWR), entered into a separation agreement with Stuart G. Harrison, the former Senior Vice President of ASUS.
Departed
Stuart G. Harrison
Senior Vice President
AWR ·
AMERICAN STATES WATER CO
The employment relationship between American States Utility Services, Inc. and its subsidiaries (“ASUS”), a wholly-owned subsidiary of American States Water Company (NYSE:AWR), and Stuart G. Harrison, Senior Vice President of ASUS ended on August 10, 2021.
Departed
(interim)
Denise L. Kruger
Senior Vice President of Regulated Water Utility
AWR ·
AMERICAN STATES WATER CO
Ms. Denise L. Kruger, Senior Vice President of Regulated Water Utility retired from Golden State Water Company (GSWC), a wholly owned subsidiary of American States Water Company, on July 9, 2021.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.60 · Most common event earnings