NYSE$AWR

American States Water Company · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

American States Water reported a decrease in fourth quarter consolidated diluted EPS compared to the same quarter of the previous year, but an increase when adjusted for water rates and investment gains.

American States Water Company reported EPS of $0.50 for Q4 2022, a decrease of $0.05 per share compared to Q4 2021. The results were impacted by the delay in receiving a final decision on the water general rate case and fluctuations in investment gains. Adjusted EPS, excluding these factors, would have been $0.56 per share, an increase of $0.05 per share or 9.8%.

  • Recorded diluted EPS decreased by $0.05 per share compared to Q4 2021, but increased by $0.05 per share as adjusted.
  • Delay in water general rate case impacted Q4 2022 results, with new rates, if approved, expected to add $0.09 per share retroactively.
  • Fluctuations in investment gains held to fund a retirement plan also affected Q4 2022 earnings.
  • Contracted services segment saw an increase in diluted earnings per share due to increased construction activity and higher management fee revenues.

Headline financials

Total Revenue

$125M

Previous: $117M+7.5%
EPS (adj)

$0.50

Previous: $0.55-9.1%
Capital Expenditures

$44.2M

Previous: $37.8M+16.9%
Free Cash Flow

-$16.3M

Previous: -$4.13M-294.8%
Net Income

$18.6M

Previous: $20.4M-8.5%
Operating Income

$27.6M

Previous: $30M-8.0%
Gross Profit

$97.2M

Previous: $88.4M+10.0%
Cash & Equivalents

$6M

Previous: $138M-95.7%
Total Assets

$2.03B

Previous: $1.9B+7.0%
Stock-Based Comp

$132K

Previous: $110K+20.0%

Revenue & EPS history

American States Water · Revenue · Quarterly

$125M

Q4 2022+7.5%vs Q4 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

American States Water · $125M total across 3 segments · Q4 2022

  • Water
    $75M-3.4%
  • Contracted Services
    $39.4M+36.7%
  • Electric
    $11M+8.1%

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 Q4 2022

Historical avgQ4 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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