American States Water Earnings Reports

American States Water posted strong Q4 2024 results, with diluted EPS rising to $0.75 from $0.55 in the prior-year quarter. The increase was driven by higher water segment revenue and a $5 million tax benefit. Operating income grew to $38.69 million, while net income reached $28.44 million.

American States Water Company reported an increase in earnings per share to $0.95 for Q3 2024, compared to $0.85 in Q3 2023. This increase was primarily due to higher earnings at the water utility subsidiary, Golden State Water Company. The company also reached settlement agreements in connection with water and electric general rate cases, authorizing significant capital investments.

American States Water Company reported a decrease in earnings per share (EPS) for the second quarter of 2024, with a reported EPS of $0.85 compared to $1.04 in the second quarter of 2023. Adjusted EPS was also $0.85, compared to $0.86 in the prior year. The water utility segment reached a settlement agreement for new rates from 2025-2027, and the contracted services subsidiary commenced operations at two new military bases.

American States Water Company reported a decrease in basic and fully diluted earnings per share for the quarter ended March 31, 2024, compared to the same period in 2023. The decrease was primarily due to the impact of retroactive rates and adjustments recorded in the first quarter of 2023 related to the water general rate case and revenues subject to refund.

American States Water Company reported a 10% increase in fourth quarter 2023 consolidated diluted EPS compared to the fourth quarter of 2022. The EPS was $0.55 compared to $0.50 in the prior year. The water segment saw an increase in diluted earnings, while the electric and contracted services segments experienced decreases.

American States Water Company reported an increase in basic and fully diluted earnings per share to $0.85 for Q3 2023, compared to $0.69 in Q3 2022. The increase is primarily attributed to new water rates approved by the CPUC. The company's water segment saw an increase in operating revenues, offset by higher water supply costs and operating expenses.

American States Water Company reported a strong second quarter with diluted earnings per share of $1.04, compared to $0.54 for the same period last year. The results were positively impacted by a final decision in the cost of capital proceeding and gains on investments. Excluding these items, adjusted diluted earnings were $0.83 per share, up 30% year-over-year.

American States Water Company reported an increase in basic and fully diluted earnings per share to $0.93 for Q1 2023, compared to $0.38 for Q1 2022. The increase was primarily driven by retroactive rates of $0.36 per share related to the full year 2022 and gains on investments.

American States Water Company reported EPS of $0.50 for Q4 2022, a decrease of $0.05 per share compared to Q4 2021. The results were impacted by the delay in receiving a final decision on the water general rate case and fluctuations in investment gains. Adjusted EPS, excluding these factors, would have been $0.56 per share, an increase of $0.05 per share or 9.8%.

American States Water Company reported a decrease in earnings per share (EPS) for the third quarter of 2022 compared to the same period in 2021. The decrease was primarily due to losses on investments held to fund a retirement plan and the delay in receiving a final decision on the water general rate case. However, excluding these factors, adjusted consolidated diluted earnings increased by $0.06 per share, or 7.9%.

American States Water Company reported a decrease in basic and fully diluted earnings per share for the quarter ended June 30, 2022, compared to the same period in 2021. The decrease was primarily due to losses on investments held to fund a retirement plan and the delay in receiving a final decision on the pending water general rate case.

American States Water Company reported earnings per share of $0.38 for Q1 2022, a decrease compared to $0.52 in Q1 2021, impacted by the delay in new water rates and other factors.

American States Water Company reported earnings per share of $0.55 for the fourth quarter ended December 31, 2021, compared to $0.54 for the same period in 2020.

American States Water Company reported an increase in basic and fully diluted earnings per share of $0.76 for the quarter ended September 30, 2021, compared to $0.72 for the same period in 2020. Adjusted diluted earnings for the third quarter of 2021 were $0.76 per share, compared to $0.70 per share for the third quarter of 2020, an adjusted increase of 8.6%.

American States Water Company reported an increase in basic and fully diluted earnings per share to $0.72 for the quarter ended June 30, 2021, compared to $0.69 for the same period in 2020. Adjusted diluted earnings for the second quarter of 2021 increased by $0.05 per share, or a 7.8% increase. The company also announced a 9% increase in the third quarter dividend.

American States Water Company reported basic and fully diluted earnings per share of $0.52 for the quarter ended March 31, 2021, compared to $0.38 for the same period in 2020, a 36.8% increase.

American States Water Company reported an increase in basic and fully diluted earnings per share for the fourth quarter ended December 31, 2020, compared to the same period in 2019. The diluted earnings per share increased from $0.45 to $0.54.

American States Water Company reported earnings per share of $0.72 for the third quarter ended September 30, 2020, compared to $0.76 for the same period in 2019. Excluding a retroactive impact from an electric general rate case in 2019, earnings per share increased by $0.03, or 4.3%.

American States Water Company reported a decrease in basic and fully diluted earnings per share to $0.69 for Q2 2020, compared to $0.72 for Q2 2019. However, excluding a retroactive impact from the previous year, consolidated diluted earnings per share increased by $0.05 per share, or 7.8%.

American States Water Company reported an increase in basic and fully diluted earnings per share to $0.38 for the quarter ended March 31, 2020, compared to $0.35 for the same period in 2019. Total operating revenues increased to $109.077 million from $101.733 million year-over-year.

American States Water Company reported basic and fully diluted earnings per share of $0.45 for the fourth quarter ended December 31, 2019, as compared to basic and fully diluted earnings per share of $0.37 for the fourth quarter ended December 31, 2018. Fully diluted earnings for the year ended December 31, 2019 were $2.28 per share, compared to $1.72 per share for 2018.