Latest news with #AWR
Yahoo
17-05-2025
- Business
- Yahoo
American States Water (NYSE:AWR) Has More To Do To Multiply In Value Going Forward
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at American States Water (NYSE:AWR) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on American States Water is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.086 = US$194m ÷ (US$2.5b - US$294m) (Based on the trailing twelve months to March 2025). Therefore, American States Water has an ROCE of 8.6%. On its own that's a low return, but compared to the average of 4.9% generated by the Water Utilities industry, it's much better. Check out our latest analysis for American States Water In the above chart we have measured American States Water's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for American States Water . In terms of American States Water's historical ROCE trend, it doesn't exactly demand attention. Over the past five years, ROCE has remained relatively flat at around 8.6% and the business has deployed 47% more capital into its operations. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments. As we've seen above, American States Water's returns on capital haven't increased but it is reinvesting in the business. And investors may be recognizing these trends since the stock has only returned a total of 9.4% to shareholders over the last five years. As a result, if you're hunting for a multi-bagger, we think you'd have more luck elsewhere. On a separate note, we've found 2 warning signs for American States Water you'll probably want to know about. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
American States Water: Q1 Earnings Snapshot
SAN DIMAS, Calif. (AP) — SAN DIMAS, Calif. (AP) — American States Water Co. (AWR) on Wednesday reported first-quarter earnings of $26.8 million. The San Dimas, California-based company said it had net income of 70 cents per share. The water and electric utility posted revenue of $148 million in the period. American States Water shares have climbed slightly more than 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $79.60, a rise of nearly 8% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AWR at
Business Wire
07-05-2025
- Business
- Business Wire
American States Water Company Announces First Quarter 2025 Results
SAN DIMAS, Calif.--(BUSINESS WIRE)--American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $0.70 for the quarter ended March 31, 2025, as compared to basic and fully diluted earnings per share of $0.62 for the quarter ended March 31, 2024, an increase of $0.08 per share, primarily generated from higher earnings at the water and electric utility segments due to the implementation of new rates. Included in AWR's consolidated results during the first quarter of 2025 were losses of $0.6 million, or $0.01 per share, generated on investments held to fund one of the Company's retirement plans as compared to gains of $2.1 million, or $0.04 per share, recorded during the same period in 2024, a net unfavorable variance of $0.05 per share due to financial market conditions. In addition, AWR's consolidated diluted earnings for the first quarter of 2025 were negatively impacted by approximately $0.02 per share due to the dilutive effects from the issuance of equity under AWR's at-the-market ('ATM') offering program. First Quarter 2025 Results The table below sets forth a comparison of the first quarter 2025 diluted earnings per share contribution recorded by business segment and for the parent company compared with amounts recorded during the same period in 2024. Water Segment: For the three months ended March 31, 2025, recorded diluted earnings from the water utility segment were $0.52 per share, as compared to $0.48 per share for the same period in 2024, an increase of $0.04 per share largely from implementing new water rates as a result of AWR's water utility subsidiary, Golden State Water Company ('GSWC'), receiving a final decision from the California Public Utilities Commission ('CPUC') in connection with its general rate case that set new water rates for the years 2025 - 2027. Among other things, the final decision ordered GSWC to transition from a full decoupling mechanism and a full supply cost balancing account, used in prior years and requested in GSWC's general rate case application, to a modified rate adjustment mechanism (a Monterey-style Water Revenue Adjustment Mechanism or 'M-WRAM') and an incremental cost balancing account ('ICBA') for supply costs both effective January 1, 2025. Without the continuation of a full revenue decoupling mechanism and a full cost balancing account for water supply, the company may be subject to future volatility in revenues and earnings as a result of fluctuations in water consumption by its customers and changes in water supply source mix. The final decision also adopted GSWC's M-WRAM rate design proposal, authorizing GSWC to increase the revenue requirement in its fixed service charges to between 45-48% of the revenue requirement depending on the ratemaking area representing approximately 65% of GSWC's fixed costs in aggregate. The discussion below presents the major variances in earnings for the two periods, which resulted in a net overall increase in earnings at the water segment of $0.04 per share for the first quarter of 2025. An increase in water operating revenues of $11.7 million largely as a result of the CPUC-approved new rate increases effective January 1, 2025 in connection with the recently approved general rate case. Billed water consumption for the first quarter of 2025 approximated consumption levels adopted in the new 2025 rates and, therefore, GSWC's transition from a full revenue decoupling mechanism to the M-WRAM did not have a material impact to revenues recorded during the first quarter. GSWC's revenues and earnings will be subject to future volatility as a result of significant fluctuations in customer consumption compared to adopted levels. An increase in water supply costs of $4.0 million, which consist of purchased water, purchased power for pumping, groundwater production assessments and changes in the water supply cost balancing accounts. The increase in water supply costs compared to the same period in 2024 is primarily related to an increase in customer water usage and higher overall per-unit water supply costs. As a result of transitioning from a full cost balancing account for water supply to the ICBA, GSWC's earnings during the first quarter of 2025 were favorably impacted by an actual water supply source mix that included less purchased water than what was authorized in the general rate case and included in the revenue requirement. During the first quarter, GSWC's pumped water sources, which cost less than purchased water, were capable of meeting a greater portion of customer demand when compared to a higher purchased water mix being recovered in the new adopted rates. GSWC's earnings will be subject to future volatility as a result of favorable and unfavorable changes in the water supply source mix compared to the adopted mix incorporated in the revenue requirement. An overall increase in operating expenses of $2.1 million (excluding supply costs) due primarily to increases in (i) overall labor costs and other employee-related benefits, (ii) administrative and general expenses resulting largely from higher regulatory costs related to various regulatory filings, and an increase in insurance-related costs, (iii) maintenance expense, (iv) depreciation and amortization expenses, which is impacted by the increasing capital expenditures and are reflected and recovered in customer rates, and (v) property and other non-income taxes. An overall decrease in other income (net of other expense) of $2.7 million due largely to losses totaling $0.6 million generated on investments held to fund one of the company's retirement plans during the three months ended March 31, 2025, as compared to gains on investments of $2.1 million recorded during the same period in 2024 due to financial market conditions. A decrease in earnings of approximately $0.02 per share due to the dilutive effects from the issuance of equity under AWR's ATM offering program beginning in February 2024. Under the ATM offering program, AWR may offer and sell its Common Shares, with an aggregate gross offering price of up to $200 million, from time to time at its sole discretion. Through March 31, 2025, AWR has sold 1,479,767 Common Shares through this ATM offering program. Electric Segment: Diluted earnings from the electric utility segment increased $0.02 per share for the three months ended March 31, 2025 as compared to the same period in 2024 largely resulting from an increase in revenues from third-year electric rate increases implemented in 2025 as a result of receiving a final decision from the CPUC in connection with the general rate case proceeding at AWR's electric utility subsidiary, Bear Valley Electric Service, Inc. ('BVES'), that set new rates for 2023 - 2026 (retroactive to January 1, 2023), as compared to 2022 rates used to record revenue during the same period of 2024. The new rates resulted in an increase in electric revenues that supports, among other things, the growth in rate base and higher operating costs related to BVES's wildfire mitigation plans that were previously not included in customer rates and not expensed during the first quarter of 2024 because they were being tracked in memorandum accounts. Therefore, the increase in revenues was partially offset by overall increases in operating expenses due, in large part, to higher expenses recorded in connection with BVES's vegetation management and other wildfire mitigation plans, as well as an increase in outside services related to various regulatory filings. Contracted Services Segment: Diluted earnings from the contracted services segment were consistent for the quarter when compared to 2024. The increase in management fee revenues resulting from the commencement of operations in April 2024 at the new bases (Naval Air Station Patuxent River and Joint Base Cape Cod) and the resolution of various economic price adjustments at the legacy bases, was offset by a decrease in construction activity and higher overall operating expenses (excluding construction expenses). During the first quarter of 2025, construction activities were negatively impacted by unfavorable weather conditions, which were less impactful to construction activities during the same period in 2024. AWR's contracted services business is expected to contribute $0.59 to $0.63 per share for the full 2025 year. AWR (Parent): For the three months ended March 31, 2025, diluted losses from AWR (parent) decreased by $0.01 per share when compared to the same period in 2024 due largely to a decrease in interest expense resulting from lower average interest rates and lower borrowing levels under AWR's credit facility. Dividends On May 5, 2025, AWR's Board of Directors approved a second quarter dividend of $0.4655 per share on AWR's Common Shares. Dividends on the Common Shares will be paid on June 3, 2025 to shareholders of record at the close of business on May 19, 2025. AWR has paid common dividends every year since 1931, and has increased the dividends received by shareholders each calendar year for 70 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has grown its quarterly dividend rate at a compound annual growth rate ('CAGR') of 8.8% over the last five years through 2024 and has achieved a 10-year CAGR of 8.0% in its calendar year dividend payments through 2024. AWR's current policy is to achieve a CAGR in the dividend of more than 7% over the long-term. Non-GAAP Financial Measures This press release includes a discussion on AWR's operations in terms of diluted earnings per share by business segment, which is each business segment's earnings divided by the company's weighted average number of diluted common shares. All of these measures are derived from consolidated financial information but are not presented in our financial statements that are prepared in accordance with Generally Accepted Accounting Principles ('GAAP') in the United States. These items constitute 'non-GAAP financial measures' under Securities and Exchange Commission ('SEC') rules, which supplement our GAAP disclosures but should not be considered as an alternative to the respective GAAP measures. Furthermore, the non-GAAP financial measures may not be comparable to similarly titled non-GAAP financial measures of other registrants. The company uses earnings per share by business segment as an important measure in evaluating its operating results and believes this measure is a useful internal benchmark in evaluating the performance of its operating segments. The company reviews this measurement regularly and compares it to historical periods and to the operating budget. The company has provided the computations and reconciliations of diluted earnings per share from the measure of net income (loss) by business segment and for the parent company to AWR's consolidated fully diluted earnings per share in this press release. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can often be identified by words such as 'anticipate,' 'estimate,' 'expect,' 'intend,' 'may,' 'should' and similar phrases and expressions, and variations or negatives of these words. They are not guarantees or assurances of any outcomes, financial results, levels of activity, performance or achievements, and readers are cautioned not to place undue reliance upon them. The forward-looking statements are subject to a number of estimates and assumptions, and known and unknown risks, uncertainties and other factors, including those described in greater detail in the company's filings with the SEC, particularly those described in the company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are encouraged to review the company's filings with the SEC for a more complete discussion of risks and other factors that could affect any forward-looking statements. The statements made herein speak only as of the date of this press release and except as required by law, the company does not undertake any obligation to publicly update or revise any forward-looking statement. Conference Call 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, May 8. There will be a question and answer session as part of the call. Interested parties can listen to the live conference call and view accompanying slides on the internet at The call will be archived on the website and available for replay beginning May 8, 2025 at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) through May 15, 2025. About American States Water Company American States Water Company is the parent of Golden State Water Company, Bear Valley Electric Service, Inc. and American States Utility Services, Inc., serving over one million people in ten states. Through its water utility subsidiary, Golden State Water Company, the company provides water service to approximately 264,800 customer connections located within more than 80 communities in Northern, Coastal and Southern California. Through its electric utility subsidiary, Bear Valley Electric Service, Inc., the company distributes electricity to approximately 24,900 customer connections in the City of Big Bear Lake and surrounding areas in San Bernardino County, California. Through its contracted services subsidiary, American States Utility Services, Inc., the company provides operations, maintenance and construction management services for water distribution, wastewater collection, and treatment facilities located on twelve military bases throughout the country under 50-year privatization contracts with the U.S. government and one military base under a 15-year contract. Condensed Statements of Income (Unaudited) Three Months Ended March 31, (in thousands, except per share amounts) 2025 2024 Operating Revenues Water $ 102,003 $ 90,265 Electric 15,002 12,205 Contracted services 31,008 32,781 Total operating revenues 148,013 135,251 Operating Expenses Water purchased 16,308 13,761 Power purchased for pumping 3,149 2,832 Groundwater production assessment 5,679 4,854 Power purchased for resale 6,068 4,332 Supply cost balancing accounts (1,716 ) (608 ) Other operation 10,490 9,623 Administrative and general 26,875 25,347 Depreciation and amortization 11,582 10,722 Maintenance 4,147 3,225 Property and other taxes 6,952 6,487 ASUS construction 12,933 15,702 Total operating expenses 102,467 96,277 Operating income 45,546 38,974 Other Income and Expenses Interest expense (12,082 ) (12,855 ) Interest income 2,013 2,070 Other, net (171 ) 2,342 Total other income and (expenses), net (10,240 ) (8,443 ) Income Before Income Tax Expense 35,306 30,531 Income tax expense 8,462 7,396 Net Income $ 26,844 $ 23,135 Weighted average shares outstanding 38,253 37,030 Basic earnings per Common Share $ 0.70 $ 0.62 Weighted average diluted shares 38,354 37,107 Dividends paid per Common Share $ 0.4655 $ 0.4300 Expand Computation and Reconciliation of Non-GAAP Financial Measure (Unaudited) Below are the computation and reconciliation of diluted earnings per share from the measure of net income (loss) by business segment and for the parent company to AWR's consolidated fully diluted earnings per share for the three months ended March 31, 2025 and 2024.
Yahoo
06-04-2025
- Business
- Yahoo
American States Water Company (AWR): Among the Best Dividend Kings to Buy for Safe Dividend Growth
We recently published a list of the 12 Best Dividend Kings to Buy For Safe Dividend Growth. In this article, we are going to take a look at where American States Water Company (NYSE:AWR) stands against other best dividend kings. The importance of dividend stocks cannot be denied, even in today's market environment, which is dominated by AI stocks. The S&P Dividend Aristocrats Index, which tracks the performance of companies with at least 25 consecutive years, is down by over 4% since the start of 2025, compared with a much harsher decline of 13% in the broader market. Dividend stocks become increasingly popular when companies grow their payouts regularly. Historically, dividend growth stocks have performed better than their peers and have shown less volatility. The dividend growth track records, backed by solid fundamentals, offer reliable investment options to income investors. According to a report by Nuveen, dividend growth stocks have outperformed other asset classes with less risk. The report revealed that companies with strong dividend growth streaks delivered an annual average return of over 10% between 1973 to 2024, as compared to a 4.2% return of non-dividend paying stocks. During this period, dividend cutters delivered a nearly -2% return. Though dividend stocks also do not come with a promise and can also fluctuate, these stocks have made significant contributions to the market's overall return over the decades. According to a report by Hartford Funds, dividends and reinvested dividends represented nearly 40% of the market's return from 1930 to 2024, with capital appreciation making up the rest. The report also highlighted their significance when the economy was in the trenches. The data mentioned that during the 1940s, 1960s, and 1970s, the total returns were lower than 10%, however, dividends represented a larger portion of the market's performance. According to Jerome Powell, inflation in the US is likely to ramp up because of the President's sweeping tariffs. Here are some comments from Powell: 'We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation. While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent.' While this presents an overall uncertain environment for an investment landscape, dividend investors are in the catbird seat, as dividend stocks have historically been successful in protecting capital against inflation. WisdomTree reported that from 1957 through 2023, dividends have grown by an average of 5.7%, compared with a 3.67% growth in inflation. The report also mentioned that over the past 68 years, dividend payouts have only decreased in six years, and in just one of those years, they dropped by more than 5%. In comparison, stock prices experienced declines in 18 years during the same period, with the worst drop exceeding 40% and an average decline of more than 11%. Stock prices have proven to be more than twice as volatile as the underlying dividend cash flows. This is because market sentiment often causes short-term fluctuations in stock prices, whereas dividend cash flows, which reflect the company's long-term value, are less volatile. Given this, we will take a look at some of the best dividend kings for safe dividend growth. A close-up of a hand connecting wires to generate electricity. For this article, we scanned the list of dividend kings, which are the companies that have raised their payouts for 50 years or more. From that list, we picked 12 companies with the highest 5-year annual average dividend growth rates. The stocks are ranked in ascending order of their annual average dividend growth in the past five years. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). 5-Year Average Annual Dividend Growth Rate: 8.95% American States Water Company (NYSE:AWR) deals in delivering safe, reliable, and sustainable services and products. Unlike companies in unregulated industries that can adjust prices when they see fit, businesses operating in regulated sectors must first obtain approval from public utility commissions before increasing customer rates. Though this limits its pricing flexibility, the company's operations come with guaranteed rates of return, offering a level of financial stability. This predictability gives management clearer visibility into future cash flows, which aids in planning for long-term investments, including dividend payments. In the fourth quarter of 2024, American States Water Company (NYSE:AWR) reported revenue of over $143 million, which showed a 14.3% growth from the same period last year. The company's Water segment remained the winner with $92.6 million in revenue, up from $86.7 million in the prior-year period. American States Water Company (NYSE:AWR) is popular among income investors because of its strong dividend history. The company has consistently paid common dividends every year since 1931 and has raised its dividend annually for 70 straight years. From 2019 through 2024, the company's quarterly dividend has grown at a compound annual growth rate (CAGR) of 8.95%, and its calendar year dividend payments have posted a 10-year CAGR of 8.0% through 2024. AWR's current long-term goal is to maintain a dividend growth rate of over 7% annually. Its quarterly dividend currently sits at $0.4655 per share for a dividend yield of 2.37%, as of April 4. Overall, AWR ranks 7th on our list of the best dividend kings for safe dividend growth. While we acknowledge the potential of AWR as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than AWR but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Arab News
04-04-2025
- Entertainment
- Arab News
Highlights from Art Week Riyadh: Selected works by some of the Saudi artists participating in the inaugural edition
RIYADH: Selected works by some of the Saudi artists participating in the inaugural edition of Art Week Riyadh, which begins April 6. Maha Malluh 'X-Rayed 1' The Najd-born artist is one of the most significant figures in the Kingdom's contemporary scene. Several of her works will be on show at AWR. This one comes from her 'X-Rayed' series, in which Malluh used images from an actual x-ray scanner of an actual passenger's luggage, as would be seen at airport security when possessions are 'being targeted and scrutinized,' the artist has written. 'What makes these images even more peculiar is that the suitcases contain cassettes (labeled in Arabic) that are linked to dogmatic interpretations of Islamic practice,' she continued. 'It is these ideas, when exported, which have led to several social evils, including the export of extreme thinking and rigid philosophy.' Like many of Malluh's other series, 'X-Rayed' examines 'my own culture and its transformation from tradition to modernity.' Lulwah Al-Homoud From 'The Language of Existence' This work forms part of the influential Riyadh-born artist and calligrapher's 'The Language of Existence' series, in which she presented interpretations of the myriad Arabic names of Allah. According to her gallery, it 'reimagines language as a universal visual system, transcending conventional meaning to create a new form of communication.' Al-Homoud created this 'language' by 'deconstructing the letters of the Arabic language by using mathematical squares to compose new codes for each letter. With these codes, I inscribe the 99 names of God,' she has written. 'The first step towards enlightenment is to search for the inner. It is this inner truth that leads to the light of knowledge. My art is concerned with the inner veracity of everything. It is a deep look at creation and its hidden rules that led me to the truth of existence…' Ahmed Mater 'Hulm' (Dream) In his 2011 work 'Cowboy Code II,' Ahmed Mater used plastic gun powder caps glued onto a wooden board to spell out, in English, the various 'rules' he had imagined. In this more recent work, Mater uses the same technique to present the Arabic word hulm, which translates to 'dream.' Whether that's an instruction, a comment on what visitors to Riyadh can experience, or an explanation of his inspiration for the piece is unclear, but it's one of a number of similar works the 45-year-old Tabuk native — arguably the most influential Saudi contemporary artist — will be presenting at AWR (others include 'Hurriya' (Freedom) and 'Salam' (Peace)). Manal AlDowayan 'Totem 1 (Dearest Women)' The prolific Dhahran-born artist represented the Kingdom at the Venice Biennale last year (with 'Shifting Sands: A Battle Song) and, unsurprisingly, is participating in perhaps the most significant arts event yet to take place in the Kingdom. Among several of her works on display at AWR is this piece from 2018, which AlDowayan has described as 'an attempt at creating a permanent memorial of a fragmented moment.' She continued: 'I look at the symbols used on the covers of books written by the religious men to address women and their bodies. I attempt to reform the symbols into new representations so that the invisible becomes visible.' The work is not, she stressed, 'an attempt to critique or analyze history, but more of a totem of healing to help resolve the past in order to engage with the present, and time in general.' Bashaer Hawsawi 'Warm Space 1' Much of the Jeddah-based visual artist's practice revolves around found objects and mixed media, exploring, according to 'notions of cultural identity, cleansing, belonging and nostalgia.' Cleansing is the focus of this piece, which — like several other works by Hawsawi — uses the red-bristled broom heads familiar to anyone living in the Gulf and indicative of the remembered daily routines from which Hawsawi draws inspiration for much of her work. Cleansing also carries a spiritual symbolism — the purification of the self — that features regularly in Hawsawi's work.
