American States Water Company AWR

Company Overview

American States Water Company (AWR) is a publicly traded holding company that operates regulated water and electric utilities and provides utility-related services primarily to government and municipal customers. The company operates within the water utilities, electric utilities, and utility services contracting industries, with revenue largely derived from regulated operations and long-term service contracts. AWR’s core business is delivering potable water, wastewater services, and electricity, with rates and returns generally governed by regulatory frameworks or contract terms.

AWR’s primary revenue drivers include its regulated California water and electric utilities and its contracted utility services to U.S. military installations. The company is uniquely positioned through its long-standing focus on regulated utility assets combined with specialized expertise in operating, maintaining, and upgrading utility infrastructure on military bases. Founded in 1929, American States Water has evolved from a regional water utility into a diversified utility services provider, expanding significantly through federal government contracts beginning in the late 1990s.