News & Videos - AMERICAN STATES WATER CO.

American States Water Company (AWR: NYSE) announced today that its contracted services subsidiary, American States Utility Services, Inc. (“ASUS”), has been awarded a 50-year contract by the U.S. government to operate, maintain and provide construction management services for the water distribution and wastewater collection facilities at Naval Air Station Patuxent River, a United States Navy air station located in Maryland. The initial value of the contract is estimated at approximately $349...

American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $1.04 for the quarter ended June 30, 2023, as compared to basic and fully diluted earnings per share of $0.54 for the quarter ended June 30, 2022, an increase of $0.50 per share, which includes a favorable variance of $0.21 per share resulting from the impact of estimates and changes in estimates following the receipt of a final decision on the cost of capital proceeding in June 2023, as...

On August 1, 2023, the Board of Directors of American States Water Company (NYSE:AWR) approved an increase in the company’s third quarter cash dividend from $0.3975 per share to $0.4300 per share on the common shares of the company. The annualized dividend rate after this increase is $1.72 per share, which represents an 8.2% increase from the current annualized dividend rate of $1.59 per share. This action marks the 349 th consecutive dividend payment by the company. American States Water...

American States Water Company (NYSE:AWR) announced today that the company intends to release its second quarter ended June 30, 2023 financial results after the market closes on Monday, August 7, 2023. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Tuesday, August 8. There will be a question and answer session as part...

American States Water Company (NYSE:AWR) announced that on June 29, 2023, the California Public Utilities Commission (“CPUC”) adopted final decisions in connection with the general rate case and cost of capital proceedings at AWR’s regulated water utility subsidiary, Golden State Water Company (“GSWC”). The final decision in GSWC’s general rate case proceeding will set new water rates for the years 2022 – 2024. The assigned administrative law judge at the CPUC had issued a proposed...

American States Water Company (NYSE:AWR) and its regulated water utility subsidiary, Golden State Water Company (“GSWC”), announced that on June 28, 2023 they had each entered into new credit agreements with a term of five years provided by a syndicate of banks and financial institutions. These syndicated credit facilities replace AWR’s previous credit agreement with a sole bank dated June 3, 2005, as amended and restated. AWR’s credit agreement provides for a $150 million unsecured...

American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $0.93 for the quarter ended March 31, 2023, as compared to basic and fully diluted earnings per share of $0.38 for the quarter ended March 31, 2022, an increase of $0.55 per share. The increase includes the impact of retroactive rates of $0.36 per share related to the full 2022 year and the estimated second-year rate increases for the three months ended March 31, 2023 as a result of receiving a...

On May 8, 2023, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.3975 per share on the Common Shares of the company. This action marks the 348 th consecutive dividend payment by the company. For 68 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company...

American States Water Company (NYSE:AWR) announced that on April 13, 2023, its regulated water utility subsidiary, Golden State Water Company (“GSWC”), received a proposed decision from the assigned administrative law judge at the California Public Utilities Commission (“CPUC”) in connection with the pending general rate case proceeding that will determine new water rates for the years 2022 – 2024. A final decision by the CPUC is expected during the second quarter of 2023. When a final...

American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $0.50 for the quarter ended December 31, 2022, as compared to basic and fully diluted earnings per share of $0.55 for the quarter ended December 31, 2021, a decrease of $0.05 per share. Due to the delay in receiving a final decision from the California Public Utilities Commission (“CPUC”) on the pending water general rate case at AWR’s regulated water utility segment, Golden State Water...

American States Water Company (NYSE:AWR) announced today that the company intends to release its fourth quarter and year ended December 31, 2022 financial results after the market closes on Wednesday, March 1, 2023. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Thursday, March 2. There will be a question and answer...

Effective February 8, 2023, American States Water Company (NYSE:AWR) appointed Thomas A. Eichelberger as a director of the company in order to fill a vacancy on the board created by the resignation of Sarah J. Anderson. He will stand for election along with other class III directors at the annual meeting in 2023. Mr. Eichelberger was also appointed as a director of the company’s wholly-owned subsidiary, Golden State Water Company. Mr. Eichelberger had a distinguished 37-year career in public...

On February 7, 2023, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.3975 per share on the Common Shares of the company. This action marks the 347 th consecutive dividend payment by the company. For 68 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The...

American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $0.69 for the quarter ended September 30, 2022, as compared to basic and fully diluted earnings per share of $0.76 for the quarter ended September 30, 2021, a decrease of $0.07 per share. Included in the results for the third quarter ended September 30, 2022 were losses totaling $1.3 million, or approximately $0.03 per share, on investments held to fund one of the company’s retirement plans,...

On November 1, 2022, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.3975 per share on the Common Shares of the company. This action marks the 346 th consecutive dividend payment by the company. For 68 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The...

American States Water Company (NYSE:AWR) announced today that the company intends to release its third quarter ended September 30, 2022 financial results after the market closes on Monday, November 7, 2022. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Tuesday, November 8. There will be a question and answer session...

American States Water Company (NYSE:AWR) announced that on September 30, 2022, Senate Bill (SB) 1469 was signed by the Governor of California, Gavin Newson. This legislation is critical to promoting water conservation programs as California is facing three consecutive years of severe drought, the driest period in 1,200 years. It is effective January 1, 2023 and allows water utilities, including AWR’s water utility subsidiary, Golden State Water Company (GSWC), to continue requesting the use of...

American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $0.54 for the quarter ended June 30, 2022, as compared to basic and fully diluted earnings per share of $0.72 for the quarter ended June 30, 2021, a decrease of $0.18 per share. Included in the results for the second quarter ended June 30, 2022 were losses on investments held to fund one of the company's retirement plans totaling $3.5 million, or $0.07 per share, as compared to gains of $1.6...

On July 26, 2022, the Board of Directors of American States Water Company (NYSE:AWR) approved an increase in the company’s third quarter cash dividend from $0.3650 per share to $0.3975 per share on the common shares of the company. The annualized dividend rate after this increase is $1.59 per share, which represents an 8.9% increase from the current annualized dividend rate of $1.46 per share. This action marks the 345 th consecutive dividend payment by the company. American States Water...

American States Water Company (NYSE:AWR) announced today that the company intends to release its second quarter ended June 30, 2022 financial results after the market closes on Monday, August 1, 2022. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Tuesday, August 2. There will be a question and answer session as part...