Headquartered in San Dimas, CA Fiscal year ends December NYSE: AWR aswater.com
American States Water Company (NYSE: AWR) is a holding company with three subsidiaries that together serve over one million people in ten states.
- **Golden State Water Company (Water segment):** A CPUC-regulated water utility providing service to approximately 265,600 customer connections in more than 80 communities across Northern, Coastal and Southern California. It operates under a modified revenue decoupling mechanism (M-WRAM) and an incremental water supply cost balancing account. As a result, its earnings are sensitive to consumption and supply-mix changes.
- **Bear Valley Electric Service, Inc. (Electric segment):** A CPUC-regulated electric utility distributing electricity to approximately 24,900 customer connections in the City of Big Bear Lake and surrounding areas of San Bernardino County, California.
- **American States Utility Services, Inc. (Contracted Services segment):** Provides operations, maintenance and construction management for water distribution, wastewater collection and treatment facilities. It serves twelve military bases in 8 states under 50-year privatization contracts with the U.S. government, plus one base under a 15-year contract in one additional state.
Earnings growth is driven mainly by CPUC-authorized rate increases, rate base expansion from capital investment, and construction activity at military bases. The company has paid dividends every year since 1931 and has raised its calendar-year dividend for 72 consecutive years. Updated
A rare miss on both lines, with roughly $0.02 per share of dilution from the just-completed $200 million at-the-market program doing part of the damage. Management says no further equity is needed through at least 2029, and the dividend streak now runs 72 straight years of increases.
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American States Water Company (NYSE: AWR) is a holding company with three subsidiaries that together serve over one million people in ten states. - **Golden State Water Company (Water segment):** A CPUC-regulated water utility providing service to approximately 265,600 customer connections in more than 80 communities…
The Wall Street consensus 12-month price target for AWR is $89.00.
