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American States Water Q1 Earnings Miss Estimates, Sales Increase Y/Y
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Key Takeaways
American States Water posted Q1 operating EPS of 76 cents, up 8.6% YoY but a penny below the consensus mark.
AWR revenues rose 14.3% to $169.2M as Water, Electric and Contracted Services each grew year over year.
Operating cash flow jumped to $71.7M; utilities plan nearly $650M capex, targeting $185-$225M in 2026.
American States Water Company (AWR - Free Report) reported first-quarter 2026 operating earnings per share (EPS) of 76 cents, up 8.6% from the year-ago quarter’s level of 70 cents. The metric missed the Zacks Consensus Estimate by a penny in the reported quarter.
AWR’s Total Revenues
Operating revenues totaled $169.2 million, up 14.3% from the year-ago quarter’s level of $148.01 million. The year-over-year increase in total revenues was due to strong contributions from all three segments.
American States Water Company Price, Consensus and EPS Surprise
Total revenues from the Water segment were $113.1 million, up 10.9% from $102 million in the year-ago period.
Revenues from the Electric segment were $18.7 million, up 24.7% from $15 million in the year-ago quarter.
Revenues from the Contracted Services segment were $37.4 million, up from $31 million in the year-ago quarter.
Highlights of AWR’s Q1 Release
Operating expenses totaled $117.8 million, up 14.9% from the year-ago quarter’s level of $102.5 million. This increase was due to higher water purchased, power purchased for pumping, other operation expenses and higher ASUS construction expenses.
Operating income totaled $51.4 million, up 12.8% from $45.6 million recorded in the corresponding period of 2025.
Interest expenses amounted to $12.1 million, nearly the same as the year-ago levels.
Interest income totaled $0.98 million compared with $2.01 million in the year-ago quarter.
AWR’s Financial Update
As of March 31, 2026, AWR’s cash and cash equivalents totaled $22.1 million compared with $18.8 million as of Dec. 31, 2025.
Long-term debt was $782.7 million as of March 31, 2026, on par with the figure as of Dec. 31, 2025.
Cash provided by operating activities in the first quarter of 2026 totaled $71.7 million compared with $45.1 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.
American Water Works Company (AWK - Free Report) reported first-quarter 2026 adjusted earnings per share (EPS) of $1.01, which missed the Zacks Consensus Estimate of $1.10 by 8.18%. The bottom line declined 0.98% from the year-ago quarter's level of $1.02.
AWK’s total quarterly revenues of $1.21 billion surpassed the Zacks Consensus Estimate of $1.12 billion by 8.25%. The top line also increased 5.69% from the year-ago figure of $1.14 billion.
California Water Service Group (CWT - Free Report) posted first-quarter 2026 earnings of 7 cents per share, down 68.2% from 22 cents a year ago. The figure missed the Zacks Consensus Estimate of 25 cents per share by 72%.
Quarterly revenues were $215 million, up 5.2% from the year-ago period. The top line came in below the consensus mark of $218 million by 1.38%.
Middlesex Water Company (MSEX - Free Report) posted first-quarter 2026 earnings of 27 cents per share, up 7.5% from 53 cents a year ago.
The Zacks Consensus Estimate for first-quarter sales is pinned at $48.7 million, which indicates a year-over-year increase of 9.96%.
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American States Water Q1 Earnings Miss Estimates, Sales Increase Y/Y
Key Takeaways
American States Water Company (AWR - Free Report) reported first-quarter 2026 operating earnings per share (EPS) of 76 cents, up 8.6% from the year-ago quarter’s level of 70 cents. The metric missed the Zacks Consensus Estimate by a penny in the reported quarter.
AWR’s Total Revenues
Operating revenues totaled $169.2 million, up 14.3% from the year-ago quarter’s level of $148.01 million. The year-over-year increase in total revenues was due to strong contributions from all three segments.
American States Water Company Price, Consensus and EPS Surprise
American States Water Company price-consensus-eps-surprise-chart | American States Water Company Quote
AWR’s Segmental Details
Total revenues from the Water segment were $113.1 million, up 10.9% from $102 million in the year-ago period.
Revenues from the Electric segment were $18.7 million, up 24.7% from $15 million in the year-ago quarter.
Revenues from the Contracted Services segment were $37.4 million, up from $31 million in the year-ago quarter.
Highlights of AWR’s Q1 Release
Operating expenses totaled $117.8 million, up 14.9% from the year-ago quarter’s level of $102.5 million. This increase was due to higher water purchased, power purchased for pumping, other operation expenses and higher ASUS construction expenses.
Operating income totaled $51.4 million, up 12.8% from $45.6 million recorded in the corresponding period of 2025.
Interest expenses amounted to $12.1 million, nearly the same as the year-ago levels.
Interest income totaled $0.98 million compared with $2.01 million in the year-ago quarter.
AWR’s Financial Update
As of March 31, 2026, AWR’s cash and cash equivalents totaled $22.1 million compared with $18.8 million as of Dec. 31, 2025.
Long-term debt was $782.7 million as of March 31, 2026, on par with the figure as of Dec. 31, 2025.
Cash provided by operating activities in the first quarter of 2026 totaled $71.7 million compared with $45.1 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 #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Releases
American Water Works Company (AWK - Free Report) reported first-quarter 2026 adjusted earnings per share (EPS) of $1.01, which missed the Zacks Consensus Estimate of $1.10 by 8.18%. The bottom line declined 0.98% from the year-ago quarter's level of $1.02.
AWK’s total quarterly revenues of $1.21 billion surpassed the Zacks Consensus Estimate of $1.12 billion by 8.25%. The top line also increased 5.69% from the year-ago figure of $1.14 billion.
California Water Service Group (CWT - Free Report) posted first-quarter 2026 earnings of 7 cents per share, down 68.2% from 22 cents a year ago. The figure missed the Zacks Consensus Estimate of 25 cents per share by 72%.
Quarterly revenues were $215 million, up 5.2% from the year-ago period. The top line came in below the consensus mark of $218 million by 1.38%.
Middlesex Water Company (MSEX - Free Report) posted first-quarter 2026 earnings of 27 cents per share, up 7.5% from 53 cents a year ago.
The Zacks Consensus Estimate for first-quarter sales is pinned at $48.7 million, which indicates a year-over-year increase of 9.96%.