Every material Form 8-K American States Water filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
American States Water reported third-quarter 2025 diluted earnings per share of $1.06, up from $0.95 a year earlier, on total operating revenues of $182.7 million compared with $161.8 million. The company attributed the gain mainly to higher construction activity at its contracted services segment and new customer rates at its water and electric utilities, and its board approved a fourth-quarter dividend of $0.5040 per share.
Q3 2025 net income was $41.2 million, compared with $35.8 million in Q3 2024.
Nine-month 2025 diluted EPS was $2.63, compared with $2.42 for the same period in 2024.
Contracted services segment EPS rose to $0.19 from $0.11, and the company expects that segment to contribute $0.59 to $0.63 per share for full-year 2025.
Fourth-quarter dividend of $0.5040 per share is payable December 2, 2025, to shareholders of record on November 14, 2025.
American States Water reported second quarter 2025 diluted earnings of $0.87 per share, up from $0.85 a year earlier, with total operating revenues of $163.1 million compared with $155.3 million. The gain came mainly from new rates at its water and electric utilities, partly offset by lower construction activity at its contracted services business. The board also approved an 8.3% increase in the quarterly dividend, to $0.5040 per share.
Q2 2025 diluted EPS of $0.87 versus $0.85 in Q2 2024; water segment contributed $0.73 per share, up from $0.67.
Contracted services EPS fell to $0.13 from $0.19, mainly due to timing of construction projects; the company still expects $0.59 to $0.63 per share for full-year 2025.
Six-month diluted EPS was $1.57 versus $1.47 a year earlier.
Quarterly dividend rises to $0.5040 per share from $0.4655, payable September 3, 2025 to holders of record on August 15, 2025.
American States Water reported first-quarter 2025 diluted earnings per share of $0.70, up from $0.62 a year earlier, with total operating revenues of $148.0 million versus $135.3 million. The gain came mainly from new rates at its regulated water and electric utilities, while contracted services earnings were flat, and the company expects that segment to contribute $0.59 to $0.63 per share for full-year 2025.
Diluted EPS was $0.70 for the quarter ended March 31, 2025, versus $0.62 in the prior-year quarter, an increase of $0.08 or 13%
Total operating revenues were $148.0 million versus $135.3 million; net income was $26.8 million versus $23.1 million
Water segment EPS was $0.52 versus $0.48, and electric segment EPS was $0.07 versus $0.05; contracted services was $0.13 in both periods
Board approved a second-quarter dividend of $0.4655 per share, payable June 3, 2025 to holders of record on May 19, 2025
On March 27, 2025, the Compensation Committee approved a 2025 Short-Term Incentive Program for American States Water's executive officers. Target bonuses are set as a percentage of base salary, with 80% tied to specific performance targets and 20% discretionary.
Approved March 27, 2025 by the Compensation Committee of the Board of Directors
Target aggregate bonus for CEO Robert J. Sprowls is 100% of 2025 base salary; other named officers range from 33.2% to 47.3%
Objective bonus (80% of target) depends on performance targets; discretionary bonus (20%) depends on company assessment of individual performance
Program and form of award agreement filed as Exhibits 10.1 and 10.2
On March 13, 2025, the compensation committee approved time-vested and performance-based restricted stock unit awards for five senior officers, including CEO Robert J. Sprowls. The awards are compensation arrangements tied to vesting schedules and performance criteria, and they add to executive equity holdings rather than changing company results.
Robert J. Sprowls, President and CEO, received 6,503 time-vested RSUs and a 19,512 RSU performance award target
Eva G. Tang, CFO, received 983 time-vested RSUs and a 983 performance award target (figures as stated in the filing)
Time-vested awards vest in 33%, 33% and 34% tranches on the first, second and third grant anniversaries; performance awards vest on December 31, 2025, 2026 and 2027
Filing also includes Exhibit 10.1, the 2025 Performance Award Agreement
American States Water reported fourth-quarter 2024 diluted EPS of $0.75, up from $0.55, with about $0.06 per share of that gain tied to retroactive electric rates approved by the California Public Utilities Commission. For the full year, recorded diluted EPS fell to $3.17 from $3.36 because 2023 included a $0.38 per share retroactive water rate benefit and a $0.13 per share revenue reversal. Shareholders also received notice of a $0.4655 quarterly dividend payable March 3, 2025.
Q4 2024 diluted EPS $0.75 vs. $0.55 in Q4 2023; $0.69 excluding the $0.06 per share retroactive electric rate impact
Q4 2024 total operating revenues $143.1 million vs. $125.2 million in Q4 2023
Full-year 2024 diluted EPS $3.17 vs. $3.36 in 2023; adjusted EPS rose to $3.17 from $2.85
Board approved a $0.4655 per share first-quarter 2025 dividend, payable March 3, 2025
On February 4, 2025, the independent board, acting on the Compensation Committee's recommendation, approved 2025 base salaries for five officers. The filing is an administrative compensation disclosure and does not report any change in leadership or financial results.
Robert J. Sprowls, President and CEO: $975,000 base salary for 2025
Eva G. Tang, SVP-Finance and CFO: $630,400 base salary for 2025
Paul J. Rowley, Christopher H. Connor and Gladys M. Farrow: $488,900, $430,200 and $391,800 base salaries for 2025
Approved February 4, 2025; 8-K filed February 7, 2025
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every American States Water filing is on SEC EDGAR ↗. 8-K briefs of other companies →