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American States Water Company is a United States–based corporation operating in the utilities sector, within the water, wastewater and electric distribution industry.
The company provides essential infrastructure services through regulated and nonregulated subsidiaries, supplying potable water, wastewater management and electricity to communities, municipalities, corporate clients and U.S. military installations.
Founded in 1929 in California, the company emerged to support the growing need for reliable regional water systems during a period of rapid population expansion and urban development in the western United States.
The company’s portfolio includes water treatment and distribution, wastewater collection and treatment, operation and maintenance of water systems, and electric distribution through its regulated subsidiary Bear Valley Electric Service. Golden State Water Company, its largest subsidiary, supplies water to numerous communities throughout California. Meanwhile, American States Utility Services manages long-term contracts with the U.S. Department of Defense to operate water and wastewater systems at military bases nationwide.
American States Water Company’s operations are primarily concentrated in California, with additional activity across military installations in multiple states. The operational structure includes treatment facilities, distribution networks, reservoirs, monitoring systems, engineering teams, maintenance crews and technical service units.
As a regulated utility, the company functions under strict state and federal oversight, maintaining high standards for water quality, safety and infrastructure reliability. Market factors that influence the company include regulatory rate structures, water-quality requirements, drought conditions in the western U.S., climate variability, energy costs, infrastructure aging, capital-investment needs and increasing expectations for sustainability.
The company must also navigate sector-specific challenges related to water conservation, operational efficiency and long-term resource management.
American States Water Company’s shares trade on the New York Stock Exchange (NYSE) under the ticker AWR.
History and when American States Water Company was founded
American States Water Company was founded in 1929 in California as a regional water provider serving communities undergoing accelerated urbanization. In its early decades, the company focused on consolidating small water systems, expanding distribution networks and improving treatment infrastructure. These efforts supported California’s significant population growth and the development of standardized public-utility services.
By the mid- to late twentieth century, the company continued to expand through acquisitions, integrating local systems and investing heavily in water-treatment technology and regulatory compliance. This period marked the transition from a regional operator to a structured utility with broad service coverage and established operational capabilities.
In the 2000s, the company diversified its business model by entering the outsourced utility-services segment for U.S. military bases. Through American States Utility Services, the company secured long-term government contracts to manage water and wastewater systems, adding a stable revenue stream and expanding operations beyond traditional regulated utility markets.
Between 2020 and 2024, the company navigated challenges including severe drought cycles, increasing regulatory complexity, climate-related risks and the need for significant infrastructure modernization. In response, it expanded investments in system resilience, digital monitoring, water conservation initiatives and energy-efficiency measures. The company remains focused on long-term operational stability, service reliability and strategic expansion.
Additional Information
The Company American States Water Company (United States), is listed on Nasdaq with a market value of $ 2.85 Billions, having an equity of $ 1.01 Billion.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 636.90 Millions, which generated a profit in the amount of $ 130.13 Millions.
As for its main indicators, the Company has a P/E ratio of 21.94, a P/BV ratio of 2.83 and in the last 12 months the dividend yield of AWR was at 2.65%.
The Company is traded internationally through the ticker AWR.
