HighGravityDataAmerican States Water — Nov 6, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-24-045764
Showing in the filing
Combined capital investments authorized under water and electric rate case settlements
“nearly $650 million”
Period
No period stated
Measure
Company-defined measure
Source
Prose
All guidance in this release · 25
Combined capital investments authorized unde…
“nearly $650 million”
Contracted services segment EPS contribution for FY2024
“$0.54 to $0.57 per share”
Company-funded capital expenditures for FY2024
“between $210 million and $230 million”
Company-funded capital expenditures by the t… for FY2024
“between $210 million and $230 million”
Contracted services segment EPS contribution for FY2025
“$0.59 - $0.63 per share”
BVES capital infrastructure investment inclu… for FY2023
“approximately $52.5 million”
BVES additional capital infrastructure inves… for FY2023
“an additional $23.1 million (plus an allowance for funds used during construction or AFUDC)”
BVES adopted return on equity for FY2023
“10.0%”
BVES cost of debt for FY2023
“5.51%”
BVES capital structure for FY2023
“57% equity and 43% debt”
BVES adopted operating revenues less electri… for FY2023
“approximately $5.1 million”
BVES adopted operating revenues increase for FY2025
“$2.2 million”
BVES adopted operating revenues increase for FY2024
“$2.2 million”
Increases in the adopted operating revenues for FY2024
“$2.2 million”
BVES adopted operating revenues increase for FY2026
“$3.3 million”
Increases in the adopted operating revenues for FY2026
“$3.3 million”
Additional annual operating revenues expecte… for FY2024–2026
“approximately $3 million”
Additional annual operating revenues from ad… for FY2024–2026
“approximately $3 million”
Electric general rate case decision timing for Q1 FY2025
“scheduled to be issued by the first quarter of 2025”
Dividend for Q4 FY2024
“$0.4655 per share”
Dividend approved for Q4 FY2024
“$0.4655 per share”
Dividend compound annual growth rate pace for FY2024
“8.0%”
CAGR in the dividend policy for the long term
“more than 7%”
Dividend CAGR target (long-term policy) for the long term
“more than 7%”
Dividend growth policy compound annual growt… for the long term
“more than 7%”
Exhibit 99.1 · the passage around this item
… earlier in the release
ter 2023 recorded earnings of $0.85 per share, a $0.10 per share increase • AWR’s regulated utilities reach settlement agreements in connection with both the water and electric general rate cases that combined authorize nearly $650 million in capital investments over the rate cycles • AWR’s contracted services business is expected to contribute $0.54 to $0.57 per share for the full 2024 year • The contracted services business has been awarded $54 million in new construction projects through year-to-date September 2024 to be completed during 2024 through 2027 • Quarterly dividend increased 8.3% beginning with payment made on September 3 ◦ This marks the 70 th consecutive year that AWR has increased annual dividends to shareholders San Dimas, California, November 6, 2024…. American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $0.95 for the quarter ended September 30, 2024, as compared to basic and fully diluted earnings per share of $0.85 for the quarter ended September 30, 2023, an increase of $0.10 per share, generated from higher earnings at AWR's water utility subsidiary, Golden State Water Company (“GSWC”), which contributed an increase of $0.12 per share that included a net favorable variance of $0.06 per share from gains generated on investments held to fund one of the company’s retirement plans during the third quarter of 2024 as compared to losses recorded durin
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.