American States Water Company (NYSE:AWR ) Q4 2024 Earnings Call February 20, 2025 2:00 PM ET Company Participants Bob Sprowls - President and Chief Executive Officer Eva Tang - Senior Vice President, Finance and Chief Financial Officer Conference Call Participants Jonathan Reeder - Wells Fargo Operator Ladies and gentlemen, thank you for standing by. Welcome to the American States Water Company Conference Call discussing the company's Fourth Quarter and Full Year 2024 Results.
AWR's fourth-quarter earnings and revenues increase year over year. However, operating expenses increase during the same period.
American States Water (AWR) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.55 per share a year ago.
SAN DIMAS, Calif.--(BUSINESS WIRE)--American States Water Company (NYSE:AWR) today reported diluted earnings per share of $0.75 for the quarter ended December 31, 2024, as compared to diluted earnings per share of $0.55 for the quarter ended December 31, 2023, an increase of $0.20 per share, which includes the impact of the final decision in the electric general rate case recorded in the fourth quarter of 2024 that included retroactive new rates related to the full 2023 year and the second-year.
SAN DIMAS, Calif.--(BUSINESS WIRE)--American States Water Company (NYSE:AWR) announced today that the company intends to release its fourth quarter and full year ended December 31, 2024 financial results after the market closes on Wednesday, February 19, 2025. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Thursday,.
American States Water (AWR) possesses solid growth attributes, which could help it handily outperform the market.
Passive income may not be at the top of one's mind when the broader indexes are posting jaw-dropping gains. But dividend-paying companies can be a perfect fit for investors looking to help supplement income in retirement, or anyone searching for more value-focused stocks in 2025.
SAN DIMAS, Calif.--(BUSINESS WIRE)--American States Water Company (NYSE:AWR) announced today that on January 14, 2025, the California Public Utilities Commission (“CPUC”) approved a request to defer the cost of capital application by one year for AWR's wholly owned subsidiary, Golden State Water Company (“GSWC”). GSWC was scheduled to file its next cost of capital application on May 1, 2025. In December 2024, GSWC, along with three other investor-owned California water utilities, requested a fu.
AWR, with its rising estimates, systematic investment and stable dividend, offers an excellent opportunity for investors in the water utility space.
American States Water Company offers a solid investment opportunity with a 16% discount to fair value and potential 14% annual total returns through 2027. AWR's financial health is robust, boasting an A credit rating, low debt-to-capital ratio, and strong interest coverage, ensuring dividend sustainability and growth. The company's growth is driven by significant capital investments and favorable rate increases, with projected EPS growth of 8% annually over the coming years.