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American States Water Company (AWR) Q3 2024 Earnings Call Transcript Summary

American States Water Company (AWR) Q3 2024 Earnings Call Transcript Summary

美国州立水务公司(AWR)2024年第三季度业绩会议交易摘要
moomoo AI ·  11/07 15:31  · 电话会议

The following is a summary of the American States Water Company (AWR) Q3 2024 Earnings Call Transcript:

以下是美国州立水务公司(AWR)2024年第三季度业绩会议呼叫记录摘要:

Financial Performance:

财务表现:

  • AWR reported a Q3 earnings of $0.95 per share, up from $0.85 per year ago, mainly due to rate increases and gains on investments.

  • The water utility segment reported earnings of $0.84 per share, up from $0.72, driven largely by rate increases and lower income taxes.

  • Earnings from ASUS were consistent with previous year, contributing $0.11 per share in Q3 2024, similar to Q3 2023.

  • Consolidated revenue for Q3 increased by $10 million year-over-year, with water segment revenue up by $7.8 million.

  • Reported year-to-date earnings of $2.42 per share, compared to $2.82 in 2023, with last year's figures including specific retroactive rates and reversals not present this year.

  • AWR报告第三季度每股盈利0.95美元,高于去年同期的0.85美元,主要是由于费率提高和投资收益增加。

  • 供水公用事业部门报告每股盈利0.84美元,高于0.72美元,主要受到费率提高和减少所得税的推动。

  • 华硕(ASUS)的盈利与去年持平,为2024年第三季度每股贡献0.11美元,与2023年第三季度相似。

  • 第三季度合并营业收入同比增加1000万美元,其中水务部门营业收入增加780万美元。

  • 报告的截至目前年度每股盈利为2.42美元,而2023年为2.82美元,去年的数字包括今年不存在的特定追溯费率和逆转。

Business Progress:

业务进展:

  • Continued significant investment in infrastructure with $172.5 million invested year-to-date and plans to invest $210 to $230 million by year end.

  • Golden State Water and Cal Advocates reached a settlement for water rate case setting new rates for 2025-2027, with planned investment of $573.1 million in capital infrastructure.

  • Bear Valley Electric reached settlement for electric rate case, authorizing $75.6 million in capital infrastructure investment from 2023-2026.

  • Announcement of ASUS being awarded a record high $54 million in new capital upgrade construction projects for 2024-2027.

  • 继续在制造行业进行重大投资,截至今年投资了17250万美元,并计划到年底投资210到23000万美元。

  • Golden State Water和Cal Advocates就水费案件达成和解,设定2025年至2027年的新费率,并计划投资57310万美元用于资本制造行业。

  • Bear Valley Electric就电费案件达成和解,授权将从2023年至2026年投资7560万美元用于资本制造行业投资。

  • 宣布ASUS获得创记录的5400万美元新资本升级施工项目,用于2024年至2027年。

Opportunities:

机会:

  • The settlements in rate cases for both water and electric segments open up opportunities for revenue increases associated with capital investments projected to total over $648.7 million.

  • Additionally, the ability to adjust rates retroactive to January 2023 can lead to increased earnings once regulatory approval is secured.

  • 在水务和电力领域的费率案件和解为与资本投资相关的营业收入增长提供了机会,预计总额将超过64870万美元。

  • 此外,一旦获得监管批准,可以调整自2023年1月起的费率,这可能会带来增加的业绩。

Risks:

风险:

  • AWR faces a risk from delays in regulatory decisions, particularly with the delay in receiving a decision on the electric general rate case, which affects the timing and recognition of associated earnings.

  • AWR面临着来自监管决策延迟的风险,特别是在电力一般费率案决定延迟的情况下,这影响了相关收入的时间和确认。

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:本文由人工智能生成。内容准确性无法完全保证。如需更全面详情,请参阅IR网站。本文仅供投资者参考,不具有任何指导或推荐建议。

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