NYSE$AWR

American States Water Company · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

American States Water reported Q4 2025, revenue of $164.3M, net income of $28M, diluted EPS of $0.74.

For Q4 2025, American States Water reported revenue of $164.3M, net income of $28M, diluted EPS was $0.74. Management discusses segment performance, capital allocation, and outlook in the earnings filing.

  • Revenue $164.3M.
  • Net income $28M.
  • Diluted EPS $0.74.

Headline financials

Total Revenue

$164M

Previous: $143M+14.8%
EPS (adj)

$0.74

Previous: $0.69+7.2%
Water EPS

$0.50

Previous: $0.52-3.8%
Electric EPS

$0.11

Previous: $0.13-15.4%
Contracted Services EPS

$0.16

Previous: $0.11+45.5%
AWR (Parent) EPS

-$0.03

Previous: -$0.02-50.0%
Capital Investments Authorized

$650M

No prior period
Q1 2026 Dividend Per Share

$0.50

No prior period
Consecutive Dividend Increase Years

71

No prior period
5-Year Dividend CAGR

8.5%

No prior period
10-Year Dividend CAGR

8.3%

No prior period
Common Shares Sold ATM

2.0M

No prior period
ATM Program Remaining

$40.7M

No prior period
New Construction Projects Awarded

$29.4M

No prior period
Company-Funded Capital Expenditures 2025

$211M

No prior period
Projected Capital Investments 2026

$185M

No prior period
Projected Capital Investments 2026 (Max)

$225M

No prior period
Net Income

$28M

Previous: $28.4M-1.5%
Operating Income

$45M

Previous: $38.7M+16.4%

Revenue & EPS history

American States Water · Revenue · Quarterly

$164M

Q4 2025+14.8%vs Q4 2024
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

American States Water · $152M total across 3 segments · Q3 2023

  • Water
    $116M+15.3%
  • Contracted Services
    $26.5M+4.9%
  • Electric
    $8.96M+0.4%

Forward guidance

The release discusses American States Water's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • American States Water cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.
  • Rate base growth and load trends support utility earnings trajectories.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.
  • Regulatory lag, interest expense, and weather can swing quarterly results.

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 2025

Historical avgQ4 2025

+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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