Equity Profile

AWR

American States Water Company

UtilitiesWater Utilities$3.1B

Nov6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EST

Company Snapshot

American States Water Company (AWR) is a utility company that provides water and electric services to customers in the United States. As a player in the water utilities sector, it plays a crucial role in ensuring access to clean water, which is increasingly important amid growing concerns about water scarcity and environmental sustainability.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$0.77

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales, vital for long-term sustainability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AWR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+1.52%

Avg Stock Reaction

-0.43%

Last Quarter Recap

In Q1-2026, AWR reported an EPS of $0.76, slightly below the estimate of $0.77, resulting in a minor stock decline of 0.47% the following day. The company has shown mixed performance in previous quarters, with a recent trend of missing EPS estimates.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to maintaining water quality standards.
Plans to invest in infrastructure upgrades.

Expectations

Wall Street Expectations

Overall expectations for AWR's upcoming earnings are cautious, given the recent trend of missing EPS estimates. Investors are looking for signs of improvement in profitability and customer growth.

Bull Case

If AWR can exceed EPS expectations and show strong revenue growth, it may signal a turnaround in performance and boost investor confidence.

Bear Case

Conversely, if the company continues to miss estimates and fails to provide a clear growth strategy, it could lead to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.77

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its customer base and increase sales, vital for long-term sustainability.

Customer Growth

N/A

An increase in the number of customers can indicate strong demand for services and effective management.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AWR's EPS exceed $0.77 this quarter?

A beat on EPS could signal a recovery in profitability and restore investor confidence after recent misses.

What is the company's strategy for customer growth?

Understanding AWR's approach to expanding its customer base is crucial for assessing future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AWR's potential for customer growth and operational improvements, which could lead to better-than-expected results.

Supporting Evidence

Despite recent misses, AWR has a history of operational efficiency improvements.

The company's commitment to infrastructure upgrades could enhance service delivery and customer satisfaction.

Options pricing indicates significant volatility, suggesting that the market is not fully accounting for potential positive surprises.

Key Risk

If customer growth exceeds expectations, it could significantly alter the outlook for AWR's revenue and profitability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around AWR's ability to improve profitability and customer growth after a series of earnings misses.

Bull Confirmed If

An EPS of $0.80 or higher would confirm the bull case, indicating improved profitability.

Bear Confirmed If

An EPS below $0.75 would confirm the bear case, suggesting ongoing challenges in financial performance.

Pre-Earnings Positioning

Options Market

Implied Move

±4.61%

Historical Avg

±0.9%

Pricing rich

The options market is pricing in a significant move of about 4.61%, indicating heightened uncertainty around the earnings report.

Options are pricing ±4.6% while AWR has averaged ±0.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

21.9%

Calls (200)P/C Ratio: 9.18Puts (14K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

82.84%

of float

Insider

0.82%

of float

Holders

501

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
6,969,137 sh · $553.4M
17.78%
2.1%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AWR beats EPS expectations and raises guidance, history suggests a potential stock increase of around 0.91% on the first day.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further commentary.

Miss

If AWR misses EPS estimates again, history suggests a potential decline of about 0.07% on the first day.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on customer acquisition strategies and growth targets.
2Any updates on infrastructure investments and their expected impact on service quality.
3Management's outlook on regulatory challenges and their potential effects on operations.
4Insights into operational efficiencies achieved in the past quarter.
5Comments on competitive pressures in the water utilities sector.

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RecapView

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$0.77

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales, vital for long-term sustainability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AWR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+1.52%

Avg Stock Reaction

-0.43%

Last Quarter Recap

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to maintaining water quality standards.
Plans to invest in infrastructure upgrades.

Expectations

Wall Street Expectations

Overall expectations for AWR's upcoming earnings are cautious, given the recent trend of missing EPS estimates. Investors are looking for signs of improvement in profitability and customer growth.

Bull Case

If AWR can exceed EPS expectations and show strong revenue growth, it may signal a turnaround in performance and boost investor confidence.

Bear Case

Conversely, if the company continues to miss estimates and fails to provide a clear growth strategy, it could lead to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.77

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its customer base and increase sales, vital for long-term sustainability.

Customer Growth

N/A

An increase in the number of customers can indicate strong demand for services and effective management.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AWR's EPS exceed $0.77 this quarter?

A beat on EPS could signal a recovery in profitability and restore investor confidence after recent misses.

What is the company's strategy for customer growth?

Understanding AWR's approach to expanding its customer base is crucial for assessing future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AWR's potential for customer growth and operational improvements, which could lead to better-than-expected results.

Supporting Evidence

Despite recent misses, AWR has a history of operational efficiency improvements.

The company's commitment to infrastructure upgrades could enhance service delivery and customer satisfaction.

Options pricing indicates significant volatility, suggesting that the market is not fully accounting for potential positive surprises.

Key Risk

If customer growth exceeds expectations, it could significantly alter the outlook for AWR's revenue and profitability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around AWR's ability to improve profitability and customer growth after a series of earnings misses.

Bull Confirmed If

An EPS of $0.80 or higher would confirm the bull case, indicating improved profitability.

Bear Confirmed If

An EPS below $0.75 would confirm the bear case, suggesting ongoing challenges in financial performance.

Pre-Earnings Positioning

Options Market

Implied Move

±4.61%

Historical Avg

±0.9%

Pricing rich

The options market is pricing in a significant move of about 4.61%, indicating heightened uncertainty around the earnings report.

Options are pricing ±4.6% while AWR has averaged ±0.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

21.9%

Calls (200)P/C Ratio: 9.18Puts (14K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

82.84%

of float

Insider

0.82%

of float

Holders

501

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
6,969,137 sh · $553.4M
17.78%
2.1%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AWR beats EPS expectations and raises guidance, history suggests a potential stock increase of around 0.91% on the first day.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further commentary.

Miss

If AWR misses EPS estimates again, history suggests a potential decline of about 0.07% on the first day.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on customer acquisition strategies and growth targets.
2Any updates on infrastructure investments and their expected impact on service quality.
3Management's outlook on regulatory challenges and their potential effects on operations.
4Insights into operational efficiencies achieved in the past quarter.
5Comments on competitive pressures in the water utilities sector.