Key Points – American States Water reported first-quarter 2026 EPS of $0.76, up 8.6% from $0.70 a year earlier, with all three operating segments contributing to the gain.
Higher regulated utility rates and stronger construction activity in its contracted services business drove the improvement. – Revenue and cash flow also improved meaningfully, with consolidated revenue up $21.2 million and operating cash flow rising to $71.6 million from $45.1 million
The company said new rate increases, surcharges, and timing benefits in its ASUS business were key contributors. – The company remains focused on regulatory activity and infrastructure investment, including planned 2026 capital spending of $185 million to $225 million and upcoming rate case filings for its water and electric utilities. Management also warned that changes in water supply mix could create more earnings volatility under the CPUC’s modified revenue mechanism. – Dividend Aristocrats or Dividend Kings: Which Is Best for You? American States Water (NYSE:AWR) reported higher first-quarter earnings as all three of its operating segments posted year-over-year gains, supported by rate increases at its regulated utilities and stronger construction activity in its contracted services business.
President and Chief Executive Officer Robert Sprowls said consolidated earnings per share rose to $0.76 for the first quarter of 2026, up from $0.70 in the same period of 2025, an increase of 8.6%. Sprowls said the company “started 2026 with strong financial results” and that its water utility, electric utility and contracted services businesses each contributed to the improvement. – 3 Dividend Kings Poised to Outperform the Market The company also said its regulated utilities remain on pace to invest a combined $185 million to $225 million in infrastructure during 2026, including spending on water, wastewater and electric utility systems. Segment earnings rise across the business Golden State Water, the company’s water…