Quarterly ResultAug 5, 2026, 04:33 PM
American States Water Q2 EPS Up 25.3% to $1.09; Dividend Hiked 8.2%
AI Summary
American States Water Company reported strong second quarter 2026 results, with diluted earnings per share increasing 25.3% to $1.09, driven by higher earnings across all operating segments, particularly the water utility. Year-to-date diluted EPS also saw an 18.5% increase to $1.86. The company announced an 8.2% increase in its quarterly dividend, marking its 72nd consecutive year of annual dividend growth, and successfully completed its $200 million at-the-market offering program.
Key Highlights
- Q2 2026 diluted EPS increased 25.3% to $1.09 from $0.87 in Q2 2025.
- YTD 2026 diluted EPS rose 18.5% to $1.86 from $1.57 in YTD 2025.
- Quarterly dividend increased 8.2% to $0.5455 per share, marking 72 consecutive years of increases.
- Water utility segment Q2 diluted EPS grew 24.7% to $0.91.
- Contracted services segment Q2 diluted EPS increased $0.03 to $0.16.
- Completed $200 million ATM offering; no further equity issuance planned until end of 2029.
- S&P affirmed 'A' credit rating for AWR and 'A+' for its regulated water utility with stable outlooks.
- Regulated utilities target $185-$220 million in investments for 2026.
Price Impact
More from AWR