American States Water Company Announces Third Quarter 2026 Results
American States Water reported Q3 2026 GAAP diluted EPS of $1.06, flat versus Q3 2025, with adjusted EPS up $0.05 to $1.06 after excluding retirement-plan investment swings. YTD reported diluted EPS rose 11.0% to $2.92 (12.6% adjusted to $2.86), driven primarily by CPUC-approved rate increases at the water and electric utilities and growth in contracted services. Operating revenues rose to $192.5 million from $182.7 million. AWR completed its $200 million ATM equity program in June 2026 and plans no further equity issuance through at least end of 2029, though ATM dilution cut YTD EPS by roughly $0.07.
Key figures
- Eps
- 1.06
- Revenue
- 192535000
- Guidance
- Contracted services expected to contribute $0.63-$0.67 per share for full year 2026; 2026 regulated capex of $185-$220 million
- Net income q3
- 42284000
- Atm shares sold
- 2575947
- Eps ytd adjusted
- 2.86
- Eps ytd reported
- 2.92
- Ytd capex target
- $185 to $220 million
- Operating income q3
- 67294000
- Eps adjusted q3 2025
- 1.01
- Eps adjusted q3 2026
- 1.06
- Dividend increase pct
- 8.2%
- Dividend per share q4
- 0.5455
- Eps ytd adjusted yoy pct
- 12.6%
- Eps ytd reported yoy pct
- 11.0%
- Atm program gross proceeds
- 200000000
- Contracted services new awards ytd
- $31 million
AI analysis
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