American States Water Company (AWR) Earnings Call Transcripts
American States Water Company's Latest Earnings Call - Q1 FY2026
In the first quarter of 2026, American States Water Company (AWR) reported consolidated earnings per share of $0.76, an 8.6% increase from $0.70 in the same quarter of 2025. Revenue rose by $21.2 million year-over-year, driven by new water and electric rates. Management signaled continued investment in infrastructure, projecting capital expenditures of $185 million to $225 million for the full year, while maintaining a strong dividend growth trajectory.
Reported metrics
| Metric | Value |
|---|---|
| Earnings Per Share (EPS) | $0.76 (beat) |
| Revenue | $XX million (beat) |
| Water Segment Revenue | $XX million (beat) |
| Electric Segment Revenue | $XX million (beat) |
| ASUS Earnings | $0.15 (beat) |
| Operating Expenses | $XX million (negative) |
Guidance from management
Management maintained a capital expenditure projection of $185 million to $225 million for 2026, indicating ongoing investment in infrastructure. They also expressed confidence in ASUS's future contributions to earnings.
What analysts pressed on
Analysts expressed concerns regarding the potential volatility in revenues and earnings due to changes in water supply source mix and the impact of the deferred cost of capital application. There are worries about how these factors could affect future profitability.
Main topics on the call
- Earnings Performance — Consolidated earnings per share increased to $0.76 from $0.70 YoY, reflecting strong performance across all business segments. Management noted, "All 3 of our operating business segments performed well and reported year-...
- Revenue Growth — Total revenue increased by $21.2 million compared to Q1 2025, with the water segment contributing $11.1 million due to new rates. The Electric segment added $3.7 million, primarily from approved projects.
- Infrastructure Investment — Management is on track to invest between $185 million and $225 million in infrastructure this year, indicating a commitment to long-term growth. They stated, "We continue to invest in our water, wastewater and electric u...
- Regulatory Developments — The company is preparing to file a new water general rate case by July 1, which may introduce revenue volatility. The deferral of the cost of capital application for another year was also noted, which could impact future...
Read the full American States Water Company transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About American States Water Company
American States Water Company (AWR) is a publicly listed company in the Water Utilities industry, within the Utilities sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 29 calls on record spanning February 25, 2020 to August 6, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 29 American States Water Company earnings call transcripts on record, spanning February 25, 2020 to August 6, 2026. Based on this history, American States Water Company reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- AWR
- Exchange
- NYSE
- Country
- US
- Sector
- Utilities
- Industry
- Water Utilities
- Calls on record
- 29
- First call
- February 25, 2020
- Most recent
- August 6, 2026
- Reporting cadence
- quarterly