American States Water Q2 EPS Jumps 25% on Rate Hikes, Raises Dividend 8.2%
AWR sits 22% above its 52-week low of $69.45.
Summary
Q2 adjusted EPS of $1.09 beat expectations, driven by CPUC-approved rate hikes effective January 2026 and a 4% increase in water consumption. Revenue rose across all segments, with contracted services benefiting from higher construction activity. The company raised its quarterly dividend by 8.2% and completed a $200 million at-the-market equity offering, providing capital for its $185–220 million 2026 regulated utility investment plan. Full-year contracted services EPS is guided to $0.63–0.67. This follows a Q1 that saw 8.6% EPS growth and a $2.2 million PFAS settlement; the rate-driven earnings trajectory is accelerating.
At the time of this announcement, AWR was trading at $84.94 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $69.45 to $90.11. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.