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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

美國州立水務公司(AWR)2024年第三季度業績會交易簡報摘要
富途資訊 ·  04:31  · 電話會議

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

以下是美國州立水務公司(AWR)2024年第三季度業績會議呼叫記錄摘要:

Financial Performance:

財務表現:

  • 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報告第三季度每股盈利0.95美元,高於去年同期的0.85美元,主要是由於費率提高和投資收益增加。

  • 供水公用事業部門報告每股盈利0.84美元,高於0.72美元,主要受到費率提高和減少所得稅的推動。

  • 華碩(ASUS)的盈利與去年持平,爲2024年第三季度每股貢獻0.11美元,與2023年第三季度相似。

  • 第三季度合併營業收入同比增加1000萬美元,其中水務部門營業收入增加780萬美元。

  • 報告的截至目前年度每股盈利爲2.42美元,而2023年爲2.82美元,去年的數字包括今年不存在的特定追溯費率和逆轉。

Business Progress:

業務進展:

  • 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.

  • 繼續在製造行業進行重大投資,截至今年投資了17250萬美元,並計劃到年底投資210到23000萬美元。

  • Golden State Water和Cal Advocates就水費案件達成和解,設定2025年至2027年的新費率,並計劃投資57310萬美元用於資本製造行業。

  • Bear Valley Electric就電費案件達成和解,授權將從2023年至2026年投資7560萬美元用於資本製造行業投資。

  • 宣佈ASUS獲得創記錄的5400萬美元新資本升級施工項目,用於2024年至2027年。

Opportunities:

機會:

  • 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.

  • 在水務和電力領域的費率案件和解爲與資本投資相關的營業收入增長提供了機會,預計總額將超過64870萬美元。

  • 此外,一旦獲得監管批准,可以調整自2023年1月起的費率,這可能會帶來增加的業績。

Risks:

風險:

  • 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面臨着來自監管決策延遲的風險,特別是在電力一般費率案決定延遲的情況下,這影響了相關收入的時間和確認。

Tips: 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:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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