logo
Twitter
Discord
Email
logo
American States Water Company

American States Water Company

NYSE•AWR
CEO: Mr. Robert J. Sprowls C.M.A.
Sector: Utilities
Industry: Regulated Water
Listing Date: 1973-02-21
American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity. As of December 31, 2022, American States Water Company provided water service to 263,265 customers located throughout 10 counties in the State of California; and distributed electricity to 24,705 customers in San Bernardino County mountain communities in California. The company also provides water and/or wastewater services, including the operation, maintenance, and construction of facilities at the water and/or wastewater systems at various military installations. American States Water Company was incorporated in 1929 and is headquartered in San Dimas, California.
Contact Information
630 East Foothill Boulevard, San Dimas, CA, 91773-1212, United States
909-394-3600
www.aswater.com
Market Cap
$2.83B
P/E (TTM)
21.9
19.6
Dividend Yield
2.6%
52W High
$82.94
52W Low
$69.45
52W Range
33%
Rank42Top 35.8%
4.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$182.72M+12.94%
4-Quarter Trend

EPS

$1.06+11.58%
4-Quarter Trend

FCF

$37.73M-7993.72%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Consolidated Net Income Rises Nine months Net Income reached $101.7M, marking a strong $10.9M increase, driven by utility rate implementation.
Q3 Revenue Growth Strong Q3 operating revenues totaled $182.7M, growing $20.9M, reflecting new customer rates across utility segments.
EPS Improvement Noted Basic EPS for nine months was $2.64, up $0.21, showing solid earnings accretion year-to-date.
PFAS Settlement Recognized GSWC recognized $12.5M receivable from 3M PFAS settlement, offsetting potential future contamination liabilities.

Risk Factors

Climate Change Cost Exposure Drought and wildfire risks increase operational costs, potentially exceeding recovery through regulated rates or insurance coverage.
Regulatory Rate Recovery Facing growing opposition to rate increases; CPUC reluctance may prevent full pass-through of rising operating costs.
Government Contract Uncertainty ASUS military base contracts face termination risk or suspension by the U.S. government at any time.
Cybersecurity Threat Remains Cybersecurity incidents or operational technology outages could disrupt critical utility services delivery and operations.

Outlook

Utility Rate Cases Approved GSWC secured 2025-2027 GRC approval; BVES finalized 2023-2026 electric rates, ensuring future revenue recovery.
Capital Spending Planned Regulated utilities project company-funded capital expenditures between $180M and $210M for the 2025 fiscal year.
ATM Program Availability AWR has $68.0M remaining available under its Equity Distribution Agreement for general corporate purposes.
Debt Financing Secured GSWC issued $100.0M in private placement notes, using proceeds to pay down revolving credit facility borrowings.

Peer Comparison

Revenue (TTM)

Avista CorporationAVA
$1.96B
+2.1%
ReNew Energy Global PlcRNW
$1.43B
+46.4%
Otter Tail CorporationOTTR
$1.30B
-3.2%

Gross Margin (Latest Quarter)

ReNew Energy Global PlcRNW
82.8%
-16.1pp
Avista CorporationAVA
71.5%
+7.5pp
American States Water CompanyAWR
58.3%
-15.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
OTTR$3.54B12.716.0%27.1%
KEN$3.36B7.431.3%29.3%
AVA$3.14B16.67.2%39.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
8.5%
Steady Growth
4Q Net Income CAGR
13.1%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 18, 2026
|
EPS:$0.68
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $182.72M+12.9%
    |
    EPS: $1.06+11.6%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $163.07M+5.0%
    |
    EPS: $0.87+2.4%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $148.01M+9.4%
    |
    EPS: $0.70+12.9%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 19, 2025|
    Revenue: $595.46M-0.0%
    |
    EPS: $3.17-5.9%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $161.78M+6.6%
    |
    EPS: $0.95+11.8%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $155.33M-1.3%
    |
    EPS: $0.85-18.3%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $135.25M-16.2%
    |
    EPS: $0.62-33.3%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 21, 2024|
    Revenue: $595.70M+21.2%
    |
    EPS: $3.37+59.0%
    Beat