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Mar 31, 2024
American States Water Q1 2024 Earnings Report
American States Water's first quarter earnings decreased due to various factors, including the impact of prior year retroactive rates and adjustments.
Key Takeaways
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.
First quarter recorded earnings were $0.62 per share, compared to $0.93 per share in the first quarter of 2023.
Adjusted earnings for the first quarter of 2023 were $0.60 per share, excluding the impact of retroactive rates and revenues subject to refund.
The contracted services segment began operating water and wastewater utility systems at two new military bases in April 2024.
AWR's Board of Directors approved a second quarter dividend of $0.43 per share on AWR's Common Shares.
Revenue by Segment
Forward Guidance
The contracted services segment is expected to contribute $0.50 to $0.54 per share for the full 2024 year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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