
American States Water's Q3 earnings miss estimates as higher costs offset revenue growth. Rate hikes, capital investments and dividend increases remain key highlights.
American States Water Company provides water and electricity services to residential, commercial, industrial and other customers in the United States. The company is headquartered in San Dimas, California.
| Revenue (TTM) | $707.29M |
| Gross Profit (TTM) | $408.19M |
| EBITDA | $283.35M |
| Operating Margin | 34.90% |
| Return on Equity | 13.40% |
| Return on Assets | 5.28% |
| Revenue/Share (TTM) | $18.02 |
| Book Value | $28.83 |
| Price-to-Book | 3.08 |
| Price-to-Sales (TTM) | 5.04 |
| EV/Revenue | 6.23 |
| EV/EBITDA | 15.18 |
| Quarterly Earnings Growth (YoY) | -0.20% |
| Quarterly Revenue Growth (YoY) | 5.40% |
| Shares Outstanding | $39.64M |
| Float | $39.22M |
| % Insiders | 0.82% |
| % Institutions | 86.67% |
Volatility is currently contracting

American States Water's Q3 earnings miss estimates as higher costs offset revenue growth. Rate hikes, capital investments and dividend increases remain key highlights.

SAN DIMAS, Calif.--(BUSINESS WIRE)--American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $1.06 for the quarter ended September 30, 2026, prepared in accordance with Generally Accepted Accounting Principles (GAAP), which are consistent with those reported during the same period in 2025. Our financial results were impacted by an unfavorable period-over-period change in investment results, reflecting volatile market conditions. Specifically, for the.

ATO, ES, SWX and AWR gear up for earnings as infrastructure investments, customer growth, rate hikes and cost pressures shape utility-sector performance.

AWR's Q3 earnings may have benefited from higher water rates, infrastructure investment recovery and construction activity, while rising costs could have weighed on profits.

Water utilities operate as legal monopolies with state regulators controlling every rate increase, yet four of them have quietly raised their dividends for decades. The question is which one actually protects your income when the bills come due.

SAN DIMAS, Calif.--(BUSINESS WIRE)--On October 26, 2026 the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.5455 per share on the Common Shares of the company. This action marks the 362nd consecutive dividend payment by the company. American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 72 consecutive years, which places it in an exclusive g.

About the Utility-Water Supply Industry

Dividend Kings have outperformed SPY YTD, rising 13.5% versus SPY's 12.32%, with a strong October rebound. Twenty-six Dividend Kings appear both potentially undervalued and offer long-term annualized expected returns of at least 10%. Dividend growth for the Kings in 2026 averages 4.65%, with recent increases from GRC, NWN, and RPM.

American States Water Company (AWR) offers improving earnings and a lower valuation than its historical average, presenting a more attractive entry point for long-term investors. AWR's growth is driven by regulated water operations, infrastructure investments, and contracted services, but future returns hinge on regulatory approvals and managing high capital and borrowing costs. At $83.55, AWR trades at 22.02x forward earnings—about 20% below its five-year average but still 24% above the utilities sector, suggesting moderate expected returns.

A dividend that has risen every year for seven decades has seen a lot.
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