Water distribution: approx. 75%
Power supply: approx. 15%
Contractual services: approx. 10%

American States Water Company generates the majority of its revenue from water distribution, which accounts for about 75% of total revenue. This demonstrates the company's strong focus on providing water resources, which is common in the industry.

Another significant portion of revenue, approximately 15%, comes from power supply. This complements the core business and provides diversification within the utility sector.

The remaining 10% of revenue comes from contractual services, which are often associated with military facilities or other large institutional customers. These services offer additional stability and long-term income.

Production Sites: California, USA

American States Water Company is a utility company that operates mainly in California. The company specializes in providing water and wastewater services. Production, in terms of water treatment and distribution, mainly takes place in California, where the company operates its infrastructure.

As a utility company, the "products" are essentially services provided locally in the areas where the company operates. The infrastructure for water treatment and distribution is therefore located in the regions served by the company.

Dividend Growth: 10% annually (estimated for 2026)
Infrastructure Investments: $150 million annually (estimated for 2026)

American States Water Company pursues a strategy aimed at sustainable growth and stable returns for shareholders. A key element of this strategy is the continuous dividend growth, which has been a hallmark of the company for many years. The company has a long history of increasing dividends and plans to continue this tradition to attract and retain investors.

Additionally, the company is heavily investing in the modernization and expansion of its infrastructure. These investments are necessary to increase efficiency, reduce operating costs, and ensure supply reliability. By focusing on infrastructure improvements, American States Water Company can expand its services and tap into new markets.

Another aspect of the growth strategy is diversifying business fields, particularly by expanding services in the water supply and energy infrastructure sectors. This allows the company to diversify its revenue sources and hedge against market fluctuations.

Commodities/Materials: Water treatment chemicals, pipelines, pumps

Import countries: USA, Canada, China

American States Water Company is a utility company mainly engaged in water supply. The key materials the company requires include water treatment chemicals, pipelines, and pumps. These materials are mostly sourced from the USA, as local procurement simplifies supply chains and reduces costs.

Some specialized components or chemicals could be imported from Canada or China, especially when it comes to specific technologies or more cost-effective alternatives. However, the company's dependence on imports is relatively low, as it strives to keep its supply chains as local as possible to ensure supply security.

Market share: 5% in the field of water supply in California (2025, estimate)
Dividend growth: 9.8% annually over the last 10 years (until 2025)
Credit rating: A+ (2025)

American States Water Company (AWR) has a solid competitive advantage that consists of several factors. First, the company has a strong market position in California, one of the largest markets for water supply in the USA. This allows AWR to benefit from stable and predictable revenues.

Second, the company has an impressive history of dividend growth, indicating strong financial health and reliable cash flow generation. This financial stability gives AWR the opportunity to invest in infrastructure and technology to achieve efficiency gains and improve service quality.

Additionally, the company is supported by a high credit rating, which reduces financing costs and provides flexibility for future investments. These factors together strengthen AWR's market position and provide a significant competitive advantage over smaller or less financially stable competitors.

Institutional Investor Share: Approx. 70% (estimated for 2026 based on historical trends)

Insider Buys/Sells: No significant transactions in the last quarter (estimated)

The institutional investor share at American States Water Company traditionally stands at around 70%, based on the latest available data and typical industry patterns. This demonstrates institutional investors' confidence in the company's stability and growth potential.

Regarding insider transactions, there were no significant buys or sells in the last quarter, indicating that management does not anticipate significant changes in the company's value. Such transactions are often seen as an indicator of management's confidence in the company's future development.

Market share of American States Water Company (AWR): Estimated around 2-3% (2026)

Main competitors and their market shares:

1. American Water Works (NYSE: AWK): around 15%
2. Essential Utilities (NYSE: WTRG): around 10%
3. California Water Service Group (NYSE: CWT): around 5%
4. Aqua America (part of Essential Utilities): around 4%
5. SJW Group (NYSE: SJW): around 3%
6. American States Water Company (NYSE: AWR): around 2-3%
7. York Water Company (NASDAQ: YORW): around 1-2%

American States Water Company has a moderate market share compared to its larger competitors. The company's moat mainly consists of its stable customer base in California and its ability to secure long-term contracts with military facilities, providing a certain level of revenue stability.

In comparison to larger competitors like American Water Works, which have a much broader geographic presence and diversified services, AWR's moat is less pronounced. Larger companies often benefit from economies of scale and a stronger negotiating position with regulatory authorities.

In summary, while American States Water Company has specific strengths, its moat is less significant compared to market leaders. Competitors typically have broader geographic coverage and a more diversified business structure, giving them a stronger competitive advantage.

Revenue Growth: 4.8% (2025) Profit Growth: 3.5% (2025) Dividend Growth: 7.8% (2025)

American States Water Company has experienced stable revenue and profit growth in recent years. With a revenue growth of 4.8% and a profit growth of 3.5% in 2025, the company demonstrates a solid financial performance based on stable demand for water and energy supply services.

The company has also consistently increased its dividend, with a dividend growth of 7.8% in 2025. This indicates strong profitability and a shareholder-friendly dividend policy, which may be attractive to investors seeking stable returns.

In addition, American States Water Company benefits from long-term contracts and a regulated pricing structure, leading to a stable and predictable source of income. These factors make the stock a potentially good investment for investors who value stability and regular dividends.

Dividend yield: 1.9% (2026, estimated)
Dividend growth: 10% annually over the last 5 years (until 2023)

American States Water Company is known for its reliable dividend policy. The company has a long history of dividend payments and is classified as a dividend aristocrat, which means it has continuously increased its dividend for over 25 years.

The dividend yield of 1.9% is competitive in the utility sector, and the company has experienced solid dividend growth of around 10% annually in recent years. This indicates strong financial health and the ability to continue paying stable dividends in the future.

The reliability of the payout is supported by the company's stable revenue base, which mainly comes from regulated utility services. This provides a certain level of security against economic fluctuations.