American States Water Company’s (AWR) strategic investments in upgrades are further strengthening its infrastructure. The company has a strong utility customer base, which is increasing the demand for its services.However, this Zacks Rank #3 (Hold) company’s excessive reliance on a single state for a significant portion of its earnings acts as a headwind.TailwindsAmerican States Water has a sturdy utility customer base, and most importantly, it is increasing its electricity and water utility customer base a ...

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American States Water Company (AWR) reported first-quarter 2024 operating earnings per share (EPS) of 62 cents, which beat the Zacks Consensus Estimate of 59 cents by 5.1%.Total RevenuesOperating revenues came in at $135.2 million, surpassing the Zacks Consensus Estimate of $119 million by 13.7%. However, the top line declined 16% from $161 million reported in the prior year.Highlights of the ReleaseOperating expenses in the quarter were $96.3 million, down 12.7% from the year-ago quarter’s $110.3 million. ...

财务数据和关键指标变化 - 公司第一季度合并收益为每股0.62美元,相比2023年同期的0.93美元下降了0.31美元,但剔除2023年一次性因素后,2024年第一季度调整后每股收益为0.62美元,较2023年同期的0.60美元增加了0.02美元[12][13][14][15] - 公司水务业务Golden State Water公司2024年第一季度每股收益为0.48美元,相比2023年同期调整后的0.41美元增加了0.07美元,主要是由于2024年第三年水费率增加以及其他收入增加所致[14][15] - 公司电力业务2024年第一季度每股收益为0.05美元,相比2023年同期的0.06美元下降了0.01美元,主要是由于尚未获得新的电力费率批准以及运营费用和利息费用增加所致[16][17] - 公司ASUS业务2024年第一季度每股收益为0.13美元,相比2023年同期的0.15美元下降了0.02美元,主要是由于施工活动时间差异所致[45] 各条业务线数据和关键指标变化 - 公司水务业务Golden State Water公司2024年第一季度收入增加了0.07美元/股,主要是由于2024年第三年水费率增加以及其他收入增加所致[15] - 公司电力业务2024年第一季度收入略有下降,主要是由于尚未获得新的电力费率批准[17] - 公司ASUS业务2024年第一季度收入下降了300万美元,主要是由于施工活动时间差异所致[22][23] 各个市场数据和关键指标变化 - 公司水务业务Golden State Water公司2024年第一季度收入增加,主要是由于2024年第三年水费率增加[15] - 公司电力业务2024年第一季度收入略有下降,主要是由于尚未获得新的电力费率批准[17] - 公司ASUS业务2024年第一季度收入下降,主要是由于施工活动时间差异所致[22][23] 公司战略和发展方向及行业竞争 - 公司继续投资于管网基础设施建设,2024年计划在受监管的公用事业部门投资1.6亿美元至2亿美元[9] - 公司成功转移了两个新军事基地的水务和污水处理系统的运营,并获得了价值4.1百万美元的首年运营维护和更新服务合同,将合同总价值增加至最高7500万美元[46][47] - 公司有信心能够有效竞争新的军事基地合同,因为公司自2004年以来一直在为军事基地管理水务和污水相关服务方面有良好的记录[48] 管理层对经营环境和未来前景的评论 - 公司在第一季度取得了良好的业绩,继续投资于受监管的公用事业部门,并成功开始了两个新军事基地的水务和污水处理业务[7][9][10] - 公司预计ASUS业务今年将贡献每股0.50美元至0.54美元的收益,并相信公司能够有效竞争新的军事基地合同[48] - 公司对于PFAS新规的实施带来的资本支出和运营费用的增加表示,公司将有机会在未来的费率申请中获得相关成本的回收[42][43] 问答环节重要的提问和回答 问题1 **Jonathan Reeder 提问** 询问了Golden State Water公司2024年第三年水费率增加的具体金额[56][57][60][61] **公司回答** 公司表示需要进一步核实并回复具体数字[62][63] 问题2 **Jonathan Reeder 提问** 询问了公司电力业务费率案件的最新进展,是否有望在9月30日之前获得决定[64][65] **公司回答** 公司表示有望在截止日期前获得决定,但由于公司规模较小,可能会受到一些影响,公司正在继续与监管机构沟通[65][66][67][69][70] 问题3 **Jonathan Reeder 提问** 询问了PFAS相关资本支出是否包含在公司正在审理的费率案中[73][74][75] **公司回答** 公司表示PFAS相关资本支出暂未包含在费率案中,但公司已申请设立备忘录账户,用于追踪相关的运营维护费用以及资本支出的融资成本[74][75][76][77]

Financial Results Call Presentation First Quarter 2024 May 8, 2024 NYSE: AWR Today’s Presenters ...

American States Water (AWR) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.08%. A quarter ago, it was expected that this water and electric utility would post earnings of $0.53 per share when it actually produced earnings of $0.55, delivering a surprise of 3.77%.Over the last four ...

Exhibit 99.1 American States Water Company Announces First Quarter 2024 Results • 2024 first quarter recorded (and adjusted) earnings were $0.62 per share, compared to 2023 first quarter recorded earnings of $0.93 per share. Adjusted earnings for 2023 first quarter were $0.60 per share excluding: ◦ $0.38 per share related to the full year of 2022 because of receiving a proposed decision in the water utility general rate case, and ◦ $0.05 per share recorded as revenues subject to refund that were subsequentl ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission file number 001-14431 American States Water Company (Exact Name of Registrant as Specified in Its Charter) California 95-4676679 (State or Other Jurisdiction ...