AMERICAN STATES WATER CO (AWR) Form 10-Q — Nov 4, 2026
American States Water Company reported nine-month 2026 diluted EPS of $2.92, up 11.0% from $2.63 a year earlier, on total operating revenues of $543.0 million versus $493.8 million. Growth was driven primarily by CPUC-approved rate increases at its Golden State Water and Bear Valley Electric utilities, plus higher construction activity at its military-base services segment. Q3 diluted EPS was flat at $1.06, but adjusted diluted EPS rose to $1.06 from $1.01 excluding retirement-plan investment swings. AWR completed its $200 million ATM equity program in June 2026 and said it has no plans to issue additional equity through at least the end of 2029.
Key figures
- Eps
- 2.92 (YTD diluted)
- Revenue
- 543016000
- Net Income
- 115506000
- Total Debt
- $793.84M long-term debt (AWR)
- Revenue Yoy
- 9.9% (nine months: $543.0M vs $493.8M)
- Total Assets
- 2814521000
- Cash Position
- 25991000
- Shares Outstanding
- 39640141
- Q3 2026 revenue
- 192535000
- Capex nine months
- 155517000
- Atm gross proceeds
- $200.0 million (program completed June 12, 2026; 2,575,947 shares sold)
- Q3 2026 net income
- 42284000
- Gswc maturing notes
- $65.0 million 5.5% notes due June 5, 2027
- Q3 2025 diluted eps
- 1.06
- Q3 2026 diluted eps
- 1.06
- Ytd adjusted diluted eps
- 2.86 vs 2.54 (+12.6%)
- Dividends paid per share ytd
- 1.5535
- Asus new construction awards ytd
- $31 million
- Remaining performance obligations
- $4.2 billion (contracted services)
- Gswc 2028 2030 rate case capex request
- $1 billion
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