American States Water Company (NYSE:AWR) Q1 2022 Earnings Conference Call May 3, 2022 2:00 PM ET Company Participants Bob Sprowls - President & Chief Executive Officer Eva Tang - Senior Vice President of Finance & Chief Financial Officer Conference Call Participants Angie Storozynski - Seaport Jonathan Reeder - Wells Fargo Operator Ladies and gentlemen, thank you for standing by, and welcome to the American States Water Company Conference Call discussing the company's First Quarter 2022 Results. This call i ...

Financial Data and Key Metrics Changes - Earnings per share (EPS) increased by 9.4% to $2.55 for 2021 compared to $2.33 in 2020, driven by higher performance in the Water segment due to new rates authorized by the California Public Utilities Commission (CPUC) [6][10] - Consolidated diluted earnings for Q4 2021 were $0.55 per share, slightly up from $0.54 per share in Q4 2020 [11] - Consolidated revenue for Q4 2021 decreased by $7.6 million compared to the same period in 2020, primarily due to lower construction activity in the contracted services segment [12] Business Segment Data and Key Metrics Changes - Water segment earnings increased by $0.21 per share in 2021, attributed to a $15.5 million increase in water revenues from new rates [14] - Electric segment earnings remained stable at $0.07 per share for Q4 2021, with higher revenues offset by increased operating and interest expenses [11] - Contracted services segment earnings decreased to $0.13 per share in Q4 2021 from $0.17 per share in Q4 2020, mainly due to reduced construction activity [12] Market Data and Key Metrics Changes - Water usage by customers decreased by 29% and electric usage by 5% since 2007, despite an increase in the number of customers [9] - The average water rate base authorized by the CPUC grew from $752.2 million in 2018 to $980.4 million in 2021, with a projected increase to $1.152 billion in 2022 if approved [20] Company Strategy and Development Direction - The company plans to invest $140 million to $160 million in capital projects in 2022, continuing its focus on infrastructure reliability [16] - A joint settlement agreement with the CPUC is expected to allow continued investment in water systems through 2024 [8][17] - The company aims to reduce greenhouse gas emissions by 60% by 2035, reflecting its commitment to environmental social responsibility [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2022 and beyond, citing strong performance in 2021 and a commitment to customer service and community support [10] - The company is closely monitoring regulatory changes and the impact of inflation on operating costs, particularly in the electric segment [35] Other Important Information - The company has increased its annual dividend by 9%, marking the 67th consecutive year of dividend increases [10][22] - The company has been recognized for its gender balance, with 56% of its Board of Directors being women [8] Q&A Session Summary Question: What caused the decrease in maintenance expenses for 2021? - Management indicated that the decrease was due to less unplanned maintenance work compared to 2020, which had higher emergency maintenance needs [24][25] Question: Is the increase in short-term debt related to the timing of long-term debt issuance? - Management acknowledged the increase in short-term debt and noted that it is related to timing differences in capital needs [26] Question: How does the company view the upcoming cost of capital adjustments? - Management highlighted that the cost of debt is expected to decrease, which will positively impact revenues by approximately $7.5 million [41] Question: What is the expected capital expenditure for the electric segment in 2022? - Management suggested that capital expenditures for the electric segment could range between $15 million to $20 million, depending on ongoing projects [44] Question: Is the company involved in bidding for military contracts? - Management confirmed active participation in bidding for military contracts, including a bid for naval station Mayport [57]

American States Water Company (NYSE:AWR) Q3 2021 Earnings Conference Call November 2, 2021 2:00 PM ET Company Participants Bob Sprowls – President and Chief Executive Officer Eva Tang – Senior Vice President-Finance and Chief Financial Officer Conference Call Participants Angie Storozynski – Seaport Jonathan Reeder – Wells Fargo Operator Ladies and gentlemen, thank you for standing by. Welcome to the American States Water Company Conference Call discussing the company's Third Quarter 2021 Results. The call ...

American States Water Company (NYSE:AWR) Q2 2021 Earnings Conference Call August 3, 2021 2:00 PM ET Company Participants Bob Sprowls - President and Chief Executive Officer Eva Tang - Senior Vice President of Finance and Chief Financial Officer Conference Call Participants Angie Storozynski - Seaport Jonathan Reeder - Wells Fargo Operator Ladies and gentlemen, thank you for standing by. Welcome to the American States Water Company Conference Call discussing the company’s Second Quarter 2021 Results. The cal ...