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Jun 30, 2020
American States Water Q2 2020 Earnings Report
Earnings per share decreased slightly due to the retroactive impact from a water general rate case in the previous year, but excluding this impact, earnings per share increased.
Key Takeaways
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%.
Consolidated diluted earnings per share, adjusted increased to $0.69 from $0.64.
Water segment earnings increased, driven by new rates authorized by the CPUC and gains on investments.
Electric segment earnings increased due to new rates authorized by the CPUC.
Contracted services segment earnings remained consistent with the same period in 2019.
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
Company did not provide forward guidance in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income