Hamilton Insurance Group press release ( HG ): Q4 net income of $172.2 million, or $1.69 per diluted share, and operating income of $168.2 million, or $1.65 per diluted share. Gross premiums written of $669.0 million, an increase of 23.0% compared to the fourth quarter of 2024. Net premiums earned of $576.7 million, an increase of 19.7% compared to the fourth quarter of 2024. More on Hamilton Insu...
Hamilton Insurance Group press release ( HG ): Q4 net income of $172.2 million, or $1.69 per diluted share, and operating income of $168.2 million, or $1.65 per diluted share. Gross premiums written of $669.0 million, an increase of 23.0% compared to the fourth quarter of 2024. Net premiums earned of $576.7 million, an increase of 19.7% compared to the fourth quarter of 2024. More on Hamilton Insurance Group Hamilton Insurance Group: Positive Momentum Continues Seeking Alpha’s Quant Rating on Hamilton Insurance Group Historical earnings data for Hamilton Insurance Group Financial information for Hamilton Insurance Group
Chemours press release ( CC ): Q4 Non-GAAP EPS of $0.05 beats by $0.03 . Revenue of $1.33B (-2.2% Y/Y) in-line. Shares -2.16% . Key Full Year 2026 Outlook 5 Consolidated Net Sales growth in the range of 3 to 5% Adjusted EBITDA between $800 million and $900 million Free Cash Flow Conversion above 25% More on Chemours Chemours: Upside More Confirmed In 2026E Chemours Q4 2025 Earnings Preview Mid-cap...
Chemours press release ( CC ): Q4 Non-GAAP EPS of $0.05 beats by $0.03 . Revenue of $1.33B (-2.2% Y/Y) in-line. Shares -2.16% . Key Full Year 2026 Outlook 5 Consolidated Net Sales growth in the range of 3 to 5% Adjusted EBITDA between $800 million and $900 million Free Cash Flow Conversion above 25% More on Chemours Chemours: Upside More Confirmed In 2026E Chemours Q4 2025 Earnings Preview Mid-cap stocks with lowest dividend growth grade Seeking Alpha’s Quant Rating on Chemours Historical earnings data for Chemours
Select Water Solutions ( WTTR ) on Thursday said it has commenced an underwritten public offering of $175 million of its Class A common stock. The company said it expects to grant the underwriters a 30-day option to purchase up to an additional $26.25 million of shares at the public offering price, less underwriting discounts and commissions. Select said it intends to use the net proceeds for gene...
Select Water Solutions ( WTTR ) on Thursday said it has commenced an underwritten public offering of $175 million of its Class A common stock. The company said it expects to grant the underwriters a 30-day option to purchase up to an additional $26.25 million of shares at the public offering price, less underwriting discounts and commissions. Select said it intends to use the net proceeds for general corporate purposes, including water infrastructure growth projects, potential acquisitions or debt repayment under its sustainability-linked credit facility. The offering is subject to market and other conditions. WTTR -7.38% after hours to $13.17. Source: Press Release More on Select Energy Services Select Water Solutions, Inc. (WTTR) Q4 2025 Earnings Call Transcript Select Water Solutions, Inc. (WTTR) Discusses Transition to Water Infrastructure Focus and Market Positioning Transcript Select Water Solutions: Water Infrastructure Outshines Completion Weakness Select Water upgraded at Northland on 'decisively bullish' Q4 results, commentary Select Water Solutions anticipates 20%-25% water infrastructure growth in 2026 while advancing lithium extraction partnerships
Ryerson Holding press release ( RYI ): Q4 Non-GAAP EPS of -$1.01 misses by $0.36 . Revenue of $1.10B (+8.9% Y/Y) in-line. Declared a first quarter 2026 dividend of $0.1875 per share payable to shareholders of record as of March 5, 2026 More on Ryerson Holding Seeking Alpha’s Quant Rating on Ryerson Holding Historical earnings data for Ryerson Holding Dividend scorecard for Ryerson Holding Financia...
Ryerson Holding press release ( RYI ): Q4 Non-GAAP EPS of -$1.01 misses by $0.36 . Revenue of $1.10B (+8.9% Y/Y) in-line. Declared a first quarter 2026 dividend of $0.1875 per share payable to shareholders of record as of March 5, 2026 More on Ryerson Holding Seeking Alpha’s Quant Rating on Ryerson Holding Historical earnings data for Ryerson Holding Dividend scorecard for Ryerson Holding Financial information for Ryerson Holding
It isn't easy to find bargains on the stock market these days. According to a recent analysis by FactSet , the average forward price-to-earnings ratio (P/E) for the S&P 500 index currently stands at 21.5, which is notably above the 17.6 ratio it stood at 10 years ago. So it's gotten a bit tougher to find good choices in the big haystack of equities out there, but there are still some needles in th...
It isn't easy to find bargains on the stock market these days. According to a recent analysis by FactSet , the average forward price-to-earnings ratio (P/E) for the S&P 500 index currently stands at 21.5, which is notably above the 17.6 ratio it stood at 10 years ago. So it's gotten a bit tougher to find good choices in the big haystack of equities out there, but there are still some needles in this haystack worth considering. Even better, a few of them pay generous dividends. Here's a brief look at two of these discounted stocks, Enterprise Products Partners (NYSE: EPD) and Bristol Myers Squibb (NYSE: BMY) , and why they are worth considering at the moment. Continue reading
NY Gov. Kathy Hochul Kills Plan To Allow Robotaxi Operations Outside NYC New York Governor Kathy Hochul has withdrawn a proposal that would allow commercial robotaxi pilot operations outside New York City limits without a human safety operator in the vehicle. The decision was first reported by Bloomberg News earlier Thursday and is a major setback for Waymo as it attempts a rapid US expansion this...
NY Gov. Kathy Hochul Kills Plan To Allow Robotaxi Operations Outside NYC New York Governor Kathy Hochul has withdrawn a proposal that would allow commercial robotaxi pilot operations outside New York City limits without a human safety operator in the vehicle. The decision was first reported by Bloomberg News earlier Thursday and is a major setback for Waymo as it attempts a rapid US expansion this year. Bloomberg reported: The proposal, which Hochul had included in a policy preview she presented last month, would have allowed autonomous-vehicle companies such as Waymo to apply for permission to pilot their services without human operators in the vehicle. The decision to withdraw the plan was confirmed Thursday by the governor's office to Bloomberg News. "While we are disappointed by the Governor's decision, we're committed to bringing our service to New York and will work with the state legislature to advance this issue," a Waymo spokesperson said in a statement provided to Bloomberg . Last week, Waymo co-chief executive Tekedra Mawakana told Bloomberg TV that the Hochul administration showed interest in launching robotaxis. Even if it were outside the NYC metro area, "that gives us an opportunity to grow more fans," Mawakana said, adding that some customers of the service have been requesting robotaxis within city boundaries. To note, Waymo is currently testing in NYC, but it is not yet operating a driverless commercial robotaxi service. As of early 2026, its activity includes a small fleet with safety drivers in parts of Manhattan and Downtown Brooklyn. "We hear from thousands of New Yorkers who have experienced Waymo in other cities and want access to it at home," the Waymo spokesperson added. "They want the safety, privacy and comfort that riders in other major cities already enjoy." Last month, Goldman analyst Eric Sheridan provided clients with an update on the North American autonomous-vehicle (AV) rideshare market, which is quickly gaining momentum. Read the...
hapabapa/iStock Editorial via Getty Images Over the last few years, I have written a number of articles on Amazon.com, Inc. ( AMZN ), the leading consumer marketplace and cloud provider on the market today. In all of my coverage, I’ve been universally positive on the company, arguing that the firm’s strong moat, robust margins, considerable growth opportunity, and reasonable valuation make it a Bu...
hapabapa/iStock Editorial via Getty Images Over the last few years, I have written a number of articles on Amazon.com, Inc. ( AMZN ), the leading consumer marketplace and cloud provider on the market today. In all of my coverage, I’ve been universally positive on the company, arguing that the firm’s strong moat, robust margins, considerable growth opportunity, and reasonable valuation make it a Buy: Seeking Alpha Amazon has considerable exposure to current AI trends, owning the largest cloud business in the world, AWS. At the same time, the firm’s global e-commerce expansion is continuing apace, as the company outscales local competition, drives incredible customer value through Prime subscriptions, and layers in high-margin advertising on top. Things have been churning away, and right now Amazon is positioned to deliver mid- to high-teens EPS growth through the end of the decade. But what if there was something that could make the company considerably more efficient? What if Amazon could materially reduce operating expenses while maintaining (and even growing) its e-commerce volumes? What if Amazon was on the verge of unlocking substantial operating leverage, even as it scales past $1 trillion in revenue? While considerable attention has already been paid to the impact that AI will have on Amazon’s cloud business, in this article, I wanted to take a closer look at the impact that AI might have on Amazon’s retail business. With more than 1 million employees working in Amazon warehouses, headcount is a substantial cost center for the company. Between AI optimizations and wholesale robotic replacement, what are the base and bull cases for efficiencies in Amazon's logistics network going forward? Today, I will take a deeper look at Amazon’s current financial state, examine the company’s opportunities to transform the business, and make the case that shares look materially undervalued versus where the company could be in just a few short years. Sound good? Let’s dive in...
indie Semiconductor press release ( INDI ): Q4 Non-GAAP EPS of -$0.07 in-line. Revenue of $58M (-0.0% Y/Y) beats by $0.89M . For the first quarter of 2026, indie expects revenue to be between $52 million and $58 million, or $55 million at the midpoint. We anticipate a decline in the first quarter revenue from our Wuxi indie Micro subsidiary to $21 million, and we expect revenue from our core busin...
indie Semiconductor press release ( INDI ): Q4 Non-GAAP EPS of -$0.07 in-line. Revenue of $58M (-0.0% Y/Y) beats by $0.89M . For the first quarter of 2026, indie expects revenue to be between $52 million and $58 million, or $55 million at the midpoint. We anticipate a decline in the first quarter revenue from our Wuxi indie Micro subsidiary to $21 million, and we expect revenue from our core business to grow by 20% sequentially to $34 million at the midpoint. More on indie Semiconductor indie Semiconductor: Too Early, Slow Sales, And Cash Burn Indie Semiconductor: Loaded For The Next Wave Seeking Alpha’s Quant Rating on indie Semiconductor Historical earnings data for indie Semiconductor Financial information for indie Semiconductor
Hull KR 30-24 Brisbane Broncos Rovers add World Club Challenge to last year’s treble Hull KR are champions of the rugby league world for the first time in their history, after holding off a late rally from the NRL premiers Brisbane Broncos to win a first World Club Challenge. Bottom of Super League as recently as 2020 and on the brink of financial ruin at the turn of the century, Rovers have emerg...
Hull KR 30-24 Brisbane Broncos Rovers add World Club Challenge to last year’s treble Hull KR are champions of the rugby league world for the first time in their history, after holding off a late rally from the NRL premiers Brisbane Broncos to win a first World Club Challenge. Bottom of Super League as recently as 2020 and on the brink of financial ruin at the turn of the century, Rovers have emerged as one of the sport’s leading sides in recent years, culminating in an historic treble last year, their first major trophies for 40 years. Continue reading...
Metallus press release ( MTUS ): Q4 Non-GAAP EPS of -$0.18 misses by $0.22 . Revenue of $267.3M (+11.1% Y/Y) misses by $23.52M . Total liquidity (1) of $389.2 million at the end of 2025 Four-year USW labor agreement ratified on February 5, 2026 Operational optimization initiatives underway; bloom reheat furnace investment on track Order book up more than 50% year-over-year; expecting stronger star...
Metallus press release ( MTUS ): Q4 Non-GAAP EPS of -$0.18 misses by $0.22 . Revenue of $267.3M (+11.1% Y/Y) misses by $23.52M . Total liquidity (1) of $389.2 million at the end of 2025 Four-year USW labor agreement ratified on February 5, 2026 Operational optimization initiatives underway; bloom reheat furnace investment on track Order book up more than 50% year-over-year; expecting stronger start to 2026 Adjusted EBITDA expected to improve sequentially throughout 2026 compared with the same periods in 2025 More on Metallus Metallus: A Defense Pivot With Upside Potential Seeking Alpha’s Quant Rating on Metallus Historical earnings data for Metallus Financial information for Metallus
CarGurus press release ( CARG ): Q4 Non-GAAP EPS of $0.63 in-line. Revenue of $241.1M (+14.7% Y/Y) beats by $2.03M . Shares -4.35% . First Quarter and Full-Year 2026 Guidance The table below provides CarGurus’ guidance, which is based on recent market trends, industry conditions, and management’s expectations and assumptions as of today. First Quarter 2026 Guidance Metrics Range Total revenue $240...
CarGurus press release ( CARG ): Q4 Non-GAAP EPS of $0.63 in-line. Revenue of $241.1M (+14.7% Y/Y) beats by $2.03M . Shares -4.35% . First Quarter and Full-Year 2026 Guidance The table below provides CarGurus’ guidance, which is based on recent market trends, industry conditions, and management’s expectations and assumptions as of today. First Quarter 2026 Guidance Metrics Range Total revenue $240.5 million to $245.5 million Non-GAAP Adjusted EBITDA from continuing operations $72.0 million to $80.0 million Non-GAAP Earnings per Share from continuing operations $0.52 to $0.58 Click to enlarge Full Year 2026 Guidance Metrics Range Revenue change YoY 10% to 13% Non-GAAP Adjusted EBITDA from continuing operations margin change YoY (1.5)% to (2.5)% Click to enlarge More on CarGurus Seeking Alpha’s Quant Rating on CarGurus Historical earnings data for CarGurus Financial information for CarGurus
ETFs focused on emerging-market assets saw a 17th consecutive week of inflows, with investors positioning for potential rate cuts across the developing world while the US dollar weakens. Life and Liberty Indexes Founder Perth Tolle joins "ETF IQ" to discuss. (Source: Bloomberg)
ETFs focused on emerging-market assets saw a 17th consecutive week of inflows, with investors positioning for potential rate cuts across the developing world while the US dollar weakens. Life and Liberty Indexes Founder Perth Tolle joins "ETF IQ" to discuss. (Source: Bloomberg)
The Bank of N.T. Butterfield & Son Limited ( NTB ) on Thursday said it has agreed to acquire Rawlinson & Hunter in Guernsey, the independently owned Guernsey member firm of the Rawlinson & Hunter International Network. The acquisition will add about 50 employees, 71 client groups and $9.0 billion in assets under administration, strengthening Butterfield’s trust and fiduciary services in the Channe...
The Bank of N.T. Butterfield & Son Limited ( NTB ) on Thursday said it has agreed to acquire Rawlinson & Hunter in Guernsey, the independently owned Guernsey member firm of the Rawlinson & Hunter International Network. The acquisition will add about 50 employees, 71 client groups and $9.0 billion in assets under administration, strengthening Butterfield’s trust and fiduciary services in the Channel Islands. Butterfield said the transaction relates only to the Guernsey entity and excludes other Rawlinson & Hunter member firms. The deal is expected to close in the first half of 2026, subject to customary conditions and regulatory approvals. NTB -0.0% after hours to $52.87. Source: Press Release More on The Bank of N.T. Butterfield & Son The Bank of N.T. Butterfield & Son Limited 2025 Q4 - Results - Earnings Call Presentation The Bank of N.T. Butterfield & Son Limited (NTB) Q4 2025 Earnings Call Transcript Most and least shorted financial stocks with market caps above $2B as of mid-february Butterfield signals $92M quarterly expense run rate as fee income rises and M&A focus continues Seeking Alpha’s Quant Rating on The Bank of N.T. Butterfield & Son
Good morning . The US deploys forces to the Middle East as Trump weighs a limited strike. AppLovin gets ready to build its own social network platform. And the beef between Altman and Amodei is still alive and well. Listen to the day’s top stories . S&P 500 6,861.89 -0.28% WTI Crude 66.4 +1.86% Brent Crude 71.62 +1.81% AppLovin 412 +1.88% Iran tensions are flaring, with the US deploying a vast arr...
Good morning . The US deploys forces to the Middle East as Trump weighs a limited strike. AppLovin gets ready to build its own social network platform. And the beef between Altman and Amodei is still alive and well. Listen to the day’s top stories . S&P 500 6,861.89 -0.28% WTI Crude 66.4 +1.86% Brent Crude 71.62 +1.81% AppLovin 412 +1.88% Iran tensions are flaring, with the US deploying a vast array of forces including two aircraft carriers, fighter jets and refueling tankers to the Middle East. Donald Trump is weighing a limited military strike to force Tehran to meet his demands for a nuclear deal, the WSJ reported. The United Nations’ nuclear watchdog warned that Iran’s diplomatic window is closing . Heightened geopolitical worries pushed stocks lower and extended the rally in oil . Foreign investors poured ¥1.78 trillion ($11.5 billion) into Japanese shares and futures in the days following Prime Minister Sanae Takaichi’s victory, marking the largest inflow since November 2014 . The purchases reflect the growing appeal of Tokyo’s equity market as global investors diversify away from the US in search of more reliable gains. It’s been a rough few months for Andrew Mountbatten-Windsor. The former prince was arrested on suspicion of misconduct in public office after further details of his relationship with Jeffrey Epstein emerged. He has not been charged and was released under investigation on Thursday. King Charles III said “the law must take its course.” Royals in the United Kingdom are now facing their biggest challenge in decades in the aftermath of the arrest. Epstein Waged a Years-Long Quest to Meet Putin and Talk Finance Read the Story Almost $1 billion in US government funding helped fuel a series of research projects involving defense labs in China in recent years, according to a new study that concludes security policies around such partnerships have failed. Critics have cited such collaborations as examples of the US unwisely aiding its top adversary’s mi...
Jakub Zerdzicki/iStock via Getty Images Opendoor Technologies ( OPEN ) stock climbed 13% in Thursday after-hours trading as the residential real estate platform made progress in its transformation plan. Q4 revenue and adjusted EBITDA exceeded the Wall Street consensus estimates. "We increased our homes purchased by 46% quarter-over-quarter, significantly reduced our capital intensity by expanding ...
Jakub Zerdzicki/iStock via Getty Images Opendoor Technologies ( OPEN ) stock climbed 13% in Thursday after-hours trading as the residential real estate platform made progress in its transformation plan. Q4 revenue and adjusted EBITDA exceeded the Wall Street consensus estimates. "We increased our homes purchased by 46% quarter-over-quarter, significantly reduced our capital intensity by expanding Cash Plus such that it is now 35% of our weekly volume, and we reduced average days in possession of our inventory by 23%," said CEO Kaz Nejatian. The company is targeting to achieve positive adjusted net income on a 12-month go-forward basis by the end of 2026. The online real estate platform expects Q1 revenue to decline ~10% from Q4 2025's $736M, implying revenue of ~$662M vs. $1.03B consensus and adjusted EBITDA loss in the low to mid-$30Ms (vs. Visible Alpha consensus of -$40.4M). The company expects Q1 contribution margin to be its highest since Q2 2024. Q4 GAAP EPS of -$1.26, far short of the -$0.11 consensus, included a $933M charge to extinguish debt. The bottom-line number slumped from -$0.12 in Q3 and -$0.16 in Q4. Q3 revenue of $736M, topping the $594B consensus, decreased from $915M in the previous quarter and $1.08B in the year-ago period. Opendoor's ( OPEN ) contribution profit of $7M, lagging the Visible Alpha consensus of $13M, fell from $20M in Q3 and $38M in Q4 2024. Adjusted EBITDA of -$43M, better than the -$49M Visible Alpha consensus, compared with -$33M in Q3 and -$49M in the previous Q4. Inventory balance of $925B, representing 2,867 homes, compared with $1.05B, or 3,139 homes in inventory at the end of Q3, and $2.16B, or 6,417 homes in inventory as of Dec. 31, 2024. Conference call at 5:00 PM ET. More on Opendoor Technologies Opendoor: Upgrading To A Speculative Buy Opendoor Joins Meme Party - Recovery Hinges On Nearly Perfect Execution Opendoor: The 'Best-Case' Scenario Leads To Disappointment Opendoor Technologies GAAP EPS of -$1.26 misses by $1....
Earnings Call Insights: Medallion Financial Corp. (MFIN) Q4 2025 Management View Andrew Murstein, CEO, President, and COO, opened the call stating, "2025 marked a record year for Medallion with solid performance across our core financial metrics and operating segments. As compared to the fourth quarter and full year 2024, we reported increases in net interest income, net income, originations and p...
Earnings Call Insights: Medallion Financial Corp. (MFIN) Q4 2025 Management View Andrew Murstein, CEO, President, and COO, opened the call stating, "2025 marked a record year for Medallion with solid performance across our core financial metrics and operating segments. As compared to the fourth quarter and full year 2024, we reported increases in net interest income, net income, originations and portfolio size." Loan demand remained robust, with total loans reaching $2.567 billion and total originations of $421 million for the quarter. Murstein emphasized, "Our focus for 2026 is to build upon the strong foundation established over the past 30-plus years while further refining our strategic priorities. We aim to continue to grow our core business lines by targeting sustained growth in our Recreation segment. In addition, we believe there is significant growth potential within our home improvement line." The company highlighted the strategic partnership program, which achieved over $200 million in originations for the second straight quarter, reaching a record $258.3 million, contributing to income diversification. Murstein confirmed his transition into the CEO role, effective January 31, and noted the addition of experienced talent to support growth in the home improvement segment. Anthony Cutrone, Executive VP & CFO, stated, "For the fourth quarter, net interest income grew 8% to $56.4 million from $52 million in the same quarter a year ago and was up 1% over the most recent prior quarter." He added, "Our net interest margin was 8.04% during the quarter, up 20 basis points from a year ago." Outlook Management expressed confidence in sustaining mid-teens growth across the loan book in 2026. Murstein explained, "We think we're going to grow mid-teens, which is substantially above where we've been, as you pointed out, for the last year or 2." The emphasis is on expanding the home improvement portfolio and maintaining disciplined growth in the Recreation segment. Cutron...
A significant majority of investors expect the Supreme Court to strike down at least some of the tariffs imposed by the Trump administration, according to a new Goldman Sachs survey of over 200 investors. The survey found that 78% of respondents believe the court will block the “reciprocal” tariffs from 2025, though only 30% expect the ruling to result in refunds for previously paid duties. Despit...
A significant majority of investors expect the Supreme Court to strike down at least some of the tariffs imposed by the Trump administration, according to a new Goldman Sachs survey of over 200 investors. The survey found that 78% of respondents believe the court will block the “reciprocal” tariffs from 2025, though only 30% expect the ruling to result in refunds for previously paid duties. Despite expectations of tariff relief, a surprising share of investors anticipate further fiscal stimulus this year. According to Goldman Sachs, 43% of respondents expect some form of tariff rebate or tax cut, including a potential $2,000 per person payment. The survey also revealed that 60% of investors project a large increase in defense spending, with a majority expecting a “boost in defense funding of at least 10% in the coming year” as the administration pursues a $1.5T budget target. Investors are increasingly looking to the Federal Reserve for relief on housing affordability, according to the report. Two-thirds of respondents expect the Fed under new leadership to take action aimed at lowering long-term interest rates, with most anticipating coordination with the Treasury. The survey found that a similar share expects the central bank to “target lower mortgage rates specifically, through measures such as ending the runoff of MBS on the Fed’s balance sheet.” The combined impact of potential stimulus measures and defense spending hikes has investors concerned about fiscal sustainability. Goldman Sachs reported that “around half of respondents expect the deficit to increase significantly this year as a share of GDP.” On trade, while broad tariff increases are not anticipated, 42% of investors expect tariffs on Canada to rise compared to just 20% for Mexico, with a greater share expecting China-focused tariffs to decline rather than increase. When it comes to sector performance, policy changes are expected to create clear winners and losers. The survey found that “respondents ...
Earnings Call Insights: American States Water Company (AWR) Q4 2025 Management View Robert Sprowls, CEO, President & Director, stated that "2025 was a very productive and positive year for the company." He highlighted that Golden State Water Company received the final decision from the CPUC on its general rate case for 2025 through 2027, and the electric subsidiary received its rate decision for 2...
Earnings Call Insights: American States Water Company (AWR) Q4 2025 Management View Robert Sprowls, CEO, President & Director, stated that "2025 was a very productive and positive year for the company." He highlighted that Golden State Water Company received the final decision from the CPUC on its general rate case for 2025 through 2027, and the electric subsidiary received its rate decision for 2023 through 2026. Both were described as "constructive regulatory outcomes and position us to continue investing in our utility infrastructure for safe and reliable services for generations to come." The CEO announced, "we delivered strong financial results for 2025 with reported earnings that were $0.20 per share higher compared to 2024 or $0.33 per share higher as adjusted." Sprowls detailed expansion, noting that Golden State Water completed a transaction to own and operate water and wastewater systems for a new community expected to reach 1,300 customer connections and received approval to provide water to another community projected to serve up to 3,800 connections in five years and 17,500 dwelling units long term. Additionally, Golden State Water signed an agreement to acquire water system assets in Norwalk, serving about 900 customers. The company invested $210.9 million in regulated utility infrastructure in 2025 and raised the quarterly dividend by 8.3% for its 71st consecutive year of increases. Eva Tang, Senior VP of Finance, CFO, Corporate Secretary & Treasurer, reported, "Adjusted earnings for AWR consolidated increased $0.18 per share over the prior year when excluding the impact of a onetime tax benefit recorded in the fourth quarter of 2024." Tang added, "reported consolidated earnings were $0.74 per share as compared to $0.75 per share for the fourth quarter of 2024 or $0.56 per share as adjusted for that quarter." Outlook The company projects 2026 company-funded capital expenditures to reach $185 million to $225 million. Robert Sprowls indicated ASUS earni...