NYSE$AWR

American States Water Company · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

American States Water's earnings decreased due to losses on investments and delayed water rate case, but adjusted earnings increased slightly.

American States Water Company reported a decrease in earnings per share (EPS) for the third quarter of 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 water general rate case. However, excluding these factors, adjusted consolidated diluted earnings increased by $0.06 per share, or 7.9%.

  • Reported diluted EPS decreased by $0.07 per share compared to Q3 2021, but adjusted EPS increased by $0.06 per share.
  • Losses on investments held to fund a retirement plan negatively impacted EPS by $0.03 per share.
  • The delay in receiving a final decision on the water general rate case affected water revenues and EPS.
  • Electric and contracted services segments showed slight increases in earnings.

Headline financials

Total Revenue

$135M

Previous: $137M-1.3%
EPS (adj)

$0.69

Previous: $0.76-9.2%
Capital Expenditures

-$122M

Previous: -$107M-14.4%
Free Cash Flow

-$96.4M

Previous: -$78.6M-22.7%
Net Income

$25.7M

Previous: $28.2M-8.9%
Operating Income

$40.3M

Previous: $42.8M-5.7%
Gross Profit

$115M

Previous: $113M+1.8%
Cash & Equivalents

$2.26M

Previous: $7.14M-68.4%
Total Assets

$1.98B

Previous: $1.87B+5.7%
Stock-Based Comp

$256K

Previous: $77K+232.5%

Revenue & EPS history

American States Water · Revenue · Quarterly

$135M

Q3 2022-1.3%vs Q3 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

American States Water · $135M total across 3 segments · Q3 2022

  • Water
    $101M-1.9%
  • Contracted Services
    $25.3M-0.6%
  • Electric
    $8.92M+4.1%

Forward guidance

The contracted services segment is expected to contribute $0.43 to $0.47 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 Q3 2022

Historical avgQ3 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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