AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
AWR's consolidated diluted EPS grew 25.3% YoY to $1.09 in Q2 2026, driven by CPUC-approved water rate increases and higher construction activity at military base contracts.
Biggest Revenue Drivers
Water$131.1M+9.5% YoY
CPUC-approved second-year rate increases effective January 1, 2026, advice letter capital project recovery, and 4% increase in water consumption.
Contracted Services$36.6M+20.3% YoY
Increase in construction activities at military bases and higher management fees from economic price adjustments.
Biggest Revenue Drivers
Total revenue: $181.3M+11.2% YoY
Water$131.1M+9.5% YoY
CPUC-approved second-year rate increases effective January 1, 2026, advice letter capital project recovery, and 4% increase in water consumption.
Contracted Services$36.6M+20.3% YoY
Increase in construction activities at military bases and higher management fees from economic price adjustments.
Electric$13.6M+5.4% YoY
CPUC-authorized fourth-year rate increases in 2026 and revenues from advice letter capital projects.
Largest Expense Items
Water purchased and supply costs$34.7M+2.2% YoY
Higher per-unit water supply costs offset by favorable water supply source mix with less purchased water due to wells brought back online.
Administrative and general$24.5M-2.8% YoY
Decreases in billed surcharges and lower outside-service costs, partially offset by higher labor and employee-related benefits.
Depreciation and amortization$12.7M+9.1% YoY
Increase from capital additions to utility plant placed in service.
ASUS construction$16.7M+29.9% YoY
Increase in new construction activities at military bases.
Watch Items from the Filing
GSWC has $65.0M of 5.5% unsecured private placement notes maturing June 5, 2027, classified as current liability. Management intends to refinance through new debt or AWR equity contribution, but no formal commitment executed as of filing date.
Transition from full WRAM and MCBA to modified M-WRAM and incremental cost balancing account effective January 1, 2025, exposes GSWC earnings to future volatility from consumption fluctuations and water supply source mix changes.
GSWC received $6.1M net of PFAS settlement proceeds in Q2 2026 from Tyco, BASF, and 3M class actions; remaining PFAS litigation costs may exceed settlement proceeds, though CPUC authorized separate memorandum account for recovery.
ASUS's military base contracts dependent on timely economic price adjustments and requests for equitable adjustments; early 2026 U.S. government shutdown caused no earnings impact but illustrates timing risks for funding and contract modifications.
AWR completed $200M ATM equity offering on June 12, 2026; no further equity issuance planned through at least end of 2029, reducing dilution risk going forward.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Schickling David RVice President Water OperationShares withheld for tax or exercise price · Mar 13, 2026
About AMERICAN STATES WATER CO (AWR): stock profile, AI score and financials
AMERICAN STATES WATER CO (AWR) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores AWR at 55.2/100 on a composite quality score built from its SEC filings, placing it at rank #1,260 of 2,925 stocks — the top half of the AI-ranked universe. AWR scores in the top quartile across profitability (79.9). Areas of concern include earnings quality (19.3) and free cash flow (35.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), AMERICAN STATES WATER CO reports quarterly revenue of $181.3M, net income of $43.3M, an operating margin of 35.3%. Top institutional holders of AWR by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, Neuberger Berman Group, based on the most recent SEC filings. AWR trades on the NYSE exchange and files with the SEC under CIK 1056903. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AWR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AMERICAN STATES WATER CO directly from SEC EDGAR.