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American States Water Q4 Earnings & Revenues Increase Y/Y
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Key Takeaways
AWR reported Q4 2025 EPS of 74 cents, up 32.1% year over year, with revenues rising 14.8%.
American States Water posted 2025 EPS of $3.37, up 10.9%, on 10.52% higher annual revenues.
AWR's Contracted Services EPS rose 45.5% on added construction work and resolved price adjustments.
American States Water Company (AWR - Free Report) reported fourth-quarter 2025 operating earnings per share (EPS) of 74 cents, up 32.1% from the year-ago quarter’s level of 56 cents.
AWR reported 2025 adjusted earnings of $3.37 per share compared with $3.04 in 2024, reflecting a year-over-year increase of 10.9%.
AWR’s Total Revenues
Operating revenues totaled $164.3 million, up 14.8% from the year-ago quarter’s level of $143.1 million.
AWR reported total revenues of $658.1 million in 2025 compared with $ 595.5 million in 2024, reflecting a year-over-year increase of 10.52%.
American States Water Company Price, Consensus and EPS Surprise
Operating expenses totaled $119.2 million, up 14.2% from the year-ago quarter’s level of $104.4 million. This increase was due to higher water purchased, power purchased for resale, other operation expenses and higher ASUS construction expenses.
Operating income totaled $45 million, up 16.4% from $38.7 million recorded in the corresponding period of 2024.
Interest expenses amounted to $10.9 million, down 2.6% year over year. This was due to a decrease in average borrowing levels and interest rates.
Interest income totaled $1.01 million compared with $1.97 million in the year-ago quarter.
AWR’s Segmental Details
Earnings from the Water segment were 50 cents per share, down 3.85% from 52 cents a year ago.
EPS from the Electric segment was 11 cents, down 15.4% from 13 cents a year ago.
EPS from the Contracted Services segment was 16 cents, up 45.5% from 11 cents a year ago. The increase in earnings was due to additional construction activities, along with a decrease in interest expense and a rise in revenues from management fees following the resolution of economic price adjustments.
AWR (Parent) reported a loss of 3 cents, wider than the year-ago quarter’s loss of 2 cents. This wider loss was due to a rise in interest expenses from higher borrowing levels under AWR’s credit facility.
AWR’s Financial Update
As of Dec. 31, 2025, AWR’s cash and cash equivalents totaled $18.8 million compared with $26.7 million as of Dec. 31, 2024.
As of Dec. 31, 2025, long-term debt amounted to $782.7 million compared with $640.4 million as of Dec. 31, 2024.
Cash provided by operating activities of 2025 totaled $229.7 million compared with $198.7 million in the year-ago period.
AWR’s Guidance
AWR’s regulated utilities are authorized to spend nearly $650 million in capital investments, as approved in the utilities’ general rate cases, targeting $185-$225 million in 2026.
Essential Utilities, Inc. (WTRG - Free Report) is scheduled to report fourth-quarter results on Feb. 25. The Zacks Consensus Estimate for earnings is pegged at 36 cents, which indicates a year-over-year fall of 46.27%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $588.86 million, which suggests a year-over-year decline of 2.57%.
California Water Service Group (CWT - Free Report) is scheduled to report fourth-quarter results on Feb. 25. The Zacks Consensus Estimate for earnings is pegged at 36 cents, which indicates year-over-year growth of 9.09%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $232.04 million, which suggests a year-over-year increase of 4.43%.
Global Water Resources, Inc. (GWRS - Free Report) is scheduled to report fourth-quarter results on March 5. The Zacks Consensus Estimate for earnings is pegged at 4 cents, flat year over year.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $13.90 million, which suggests a year-over-year increase of 4.91%.
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American States Water Q4 Earnings & Revenues Increase Y/Y
Key Takeaways
American States Water Company (AWR - Free Report) reported fourth-quarter 2025 operating earnings per share (EPS) of 74 cents, up 32.1% from the year-ago quarter’s level of 56 cents.
AWR reported 2025 adjusted earnings of $3.37 per share compared with $3.04 in 2024, reflecting a year-over-year increase of 10.9%.
AWR’s Total Revenues
Operating revenues totaled $164.3 million, up 14.8% from the year-ago quarter’s level of $143.1 million.
AWR reported total revenues of $658.1 million in 2025 compared with $ 595.5 million in 2024, reflecting a year-over-year increase of 10.52%.
American States Water Company Price, Consensus and EPS Surprise
American States Water Company price-consensus-eps-surprise-chart | American States Water Company Quote
Highlights of AWR’s Q4 Release
Operating expenses totaled $119.2 million, up 14.2% from the year-ago quarter’s level of $104.4 million. This increase was due to higher water purchased, power purchased for resale, other operation expenses and higher ASUS construction expenses.
Operating income totaled $45 million, up 16.4% from $38.7 million recorded in the corresponding period of 2024.
Interest expenses amounted to $10.9 million, down 2.6% year over year. This was due to a decrease in average borrowing levels and interest rates.
Interest income totaled $1.01 million compared with $1.97 million in the year-ago quarter.
AWR’s Segmental Details
Earnings from the Water segment were 50 cents per share, down 3.85% from 52 cents a year ago.
EPS from the Electric segment was 11 cents, down 15.4% from 13 cents a year ago.
EPS from the Contracted Services segment was 16 cents, up 45.5% from 11 cents a year ago. The increase in earnings was due to additional construction activities, along with a decrease in interest expense and a rise in revenues from management fees following the resolution of economic price adjustments.
AWR (Parent) reported a loss of 3 cents, wider than the year-ago quarter’s loss of 2 cents. This wider loss was due to a rise in interest expenses from higher borrowing levels under AWR’s credit facility.
AWR’s Financial Update
As of Dec. 31, 2025, AWR’s cash and cash equivalents totaled $18.8 million compared with $26.7 million as of Dec. 31, 2024.
As of Dec. 31, 2025, long-term debt amounted to $782.7 million compared with $640.4 million as of Dec. 31, 2024.
Cash provided by operating activities of 2025 totaled $229.7 million compared with $198.7 million in the year-ago period.
AWR’s Guidance
AWR’s regulated utilities are authorized to spend nearly $650 million in capital investments, as approved in the utilities’ general rate cases, targeting $185-$225 million in 2026.
AWR’s Zacks Rank
American States Water currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Essential Utilities, Inc. (WTRG - Free Report) is scheduled to report fourth-quarter results on Feb. 25. The Zacks Consensus Estimate for earnings is pegged at 36 cents, which indicates a year-over-year fall of 46.27%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $588.86 million, which suggests a year-over-year decline of 2.57%.
California Water Service Group (CWT - Free Report) is scheduled to report fourth-quarter results on Feb. 25. The Zacks Consensus Estimate for earnings is pegged at 36 cents, which indicates year-over-year growth of 9.09%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $232.04 million, which suggests a year-over-year increase of 4.43%.
Global Water Resources, Inc. (GWRS - Free Report) is scheduled to report fourth-quarter results on March 5. The Zacks Consensus Estimate for earnings is pegged at 4 cents, flat year over year.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $13.90 million, which suggests a year-over-year increase of 4.91%.