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Mar 31, 2023
American States Water Q1 2023 Earnings Report
EPS increased due to retroactive rates and investment gains.
Key Takeaways
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.
Consolidated fully diluted earnings per share increased to $0.93 from $0.38 year-over-year.
Retroactive rates from the water utility general rate case significantly impacted earnings, adding $0.36 per share.
Water segment earnings increased to $0.74 per share, driven by retroactive rates and estimated second-year rate increases.
The electric segment experienced a slight decrease in diluted earnings per share, while the contracted services segment saw an increase.
American States Water
American States Water
American States Water Revenue by Segment
Revenue by Segment
Water Revenue
CapyFin.comElectric Revenue
CapyFin.comContracted Services Revenue
CapyFin.com Forward Guidance
The contracted services segment is expected to contribute $0.45 to $0.49 per share for the full 2023 year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income