NYSE$AWR

American States Water Company · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

American States Water's earnings decreased in the second quarter of 2022 compared to the same period in 2021.

American States Water Company reported a decrease in basic and fully diluted earnings per share for the quarter ended June 30, 2022, compared to the same period in 2021. The decrease was primarily due to losses on investments held to fund a retirement plan and the delay in receiving a final decision on the pending water general rate case.

  • Second quarter consolidated diluted EPS decreased by $0.18 per share compared to the second quarter of 2021, but increased by $0.02 per share as adjusted.
  • Quarter results reflect an unfavorable variance of $0.10 per share from losses on investments held to fund a retirement plan.
  • Quarter results also reflect 2021 water rates, while 2022 water rates, if approved as settled, would be retroactive to January 1, 2022, and add $0.10 per share to the quarter.
  • The quarterly dividend increased by 8.9% for the September 1 dividend payment.

Headline financials

Total Revenue

$123M

Previous: $128M-4.5%
EPS (adj)

$0.54

Previous: $0.72-25.0%
Capital Expenditures

-$76.6M

Previous: -$76.1M-0.5%
Free Cash Flow

-$56.6M

Previous: -$49.6M-14.2%
Net Income

$20M

Previous: $26.6M-24.9%
Operating Income

$34.3M

Previous: $37.8M-9.3%
Gross Profit

$103M

Previous: $107M-4.5%
Cash & Equivalents

$10.8M

Previous: $5.36M+102.0%
Total Assets

$1.95B

Previous: $1.84B+5.8%
Stock-Based Comp

$278K

Previous: $449K-38.1%

Revenue & EPS history

American States Water · Revenue · Quarterly

$123M

Q2 2022-4.5%vs Q2 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

American States Water · $123M total across 3 segments · Q2 2022

  • Water
    $90.9M-0.8%
  • Contracted Services
    $23.5M-17.9%
  • Electric
    $8.22M+1.3%

Forward guidance

The contracted services segment is expected to contribute $0.45 to $0.49 per share for the full 2022 year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.0%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+0.3%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+5.0%

Q2 2012

Best reaction

-5.3%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%+2.4%+3.3%
Q4 2025+0.4%+0.7%-1.4%
Q3 2025+1.2%+2.4%-1.2%
Q1 2025+0.8%-4.3%-3.7%
Q4 2024+1.0%+4.1%+1.2%
Q3 2024-0.2%+1.9%-3.1%
Q2 2024+1.2%-1.1%-0.6%
Q1 2024+3.3%+5.3%-1.6%
Q4 2023-3.2%-5.5%-6.7%
Q3 2023-2.9%-6.5%-0.6%
Q2 2023+2.5%+3.6%-4.9%
Q1 2023-0.9%+0.3%+0.4%
Q4 2022-5.1%-3.9%-0.5%
Q3 2022+1.0%+4.0%+8.4%
Q2 2022+1.3%+0.8%-4.8%
Q1 2022-2.9%-3.5%+0.9%
Q4 2021-2.7%-3.3%+0.8%
Q3 2021-0.1%+3.8%+3.6%
Q2 2021+0.9%+2.7%+6.3%
Q1 2021+1.0%+0.4%-0.4%
Q4 2020-2.2%-6.3%-4.8%
Q3 2020+0.8%-2.3%-0.2%
Q2 2020-1.1%+3.9%+0.5%
Q1 2020+0.2%-2.6%+4.8%
Q4 2019-2.8%-15.1%-14.6%
Q3 2019-3.9%-9.6%-9.3%
Q2 2019-0.1%+7.7%+20.7%
Q1 2019-0.0%+0.8%+4.7%
Q4 2018-1.8%-1.2%+0.4%
Q3 2018+4.9%+5.5%+7.8%
Q2 2018+0.7%-0.7%+2.2%
Q1 2018-3.5%-0.9%-2.6%
Q4 2017-0.4%-6.0%-3.7%
Q3 2017-0.7%-1.6%+4.5%
Q2 2017-0.4%+1.6%-2.1%
Q1 2017+1.3%+0.7%+5.1%
Q4 2016+1.1%+0.7%-2.0%
Q3 2016+1.1%+1.1%+11.0%
Q2 2016-2.0%-0.6%-7.7%
Q1 2016-5.3%
Q4 2015-0.2%
Q3 2015+1.0%
Q2 2015-2.1%
Q1 2015-1.2%
Q4 2014-0.6%
Q3 2014-2.5%
Q2 2014+0.2%
Q1 2014-3.0%
Q4 2013+3.3%
Q3 2013+1.4%
Q2 2013-3.4%
Q1 2013-2.3%
Q4 2012+3.2%
Q3 2012+3.2%
Q2 2012+5.0%
Q1 2011+3.5%
Q1 2012-1.4%
Q4 2011+1.4%
Q4 2009+1.4%
Q3 2011+0.2%
Q3 2010+0.2%
Q2 2011+3.7%
Q2 2010+3.7%
Q4 2010+3.7%
Q1 2010+0.5%

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