American States Water posts strong Q1 with 14.3% revenue growth and 8.6% EPS rise, maintaining 71-year dividend streak.

American States Water (AWR) reported solid first-quarter 2026 results, achieving 14.3% revenue growth and 8.6% earnings per share growth. This performance was driven by rate increases and investments in infrastructure. The company has a remarkable 71-year streak of dividend growth and aims for over 7% annual EPS and dividend growth, supporting long-term total returns of around 6%. However, it faces risks from regulatory changes and financing costs. Shares are considered fairly valued, making AWR a reliable investment for steady income and growth.