American States Water Q2 2022 Earnings Report
Key Takeaways
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.
Second quarter consolidated diluted EPS decreased by $0.18 per share compared to the second quarter of 2021, but increased by $0.02 per share as adjusted.
Quarter results reflect an unfavorable variance of $0.10 per share from losses on investments held to fund a retirement plan.
Quarter results also reflect 2021 water rates, while 2022 water rates, if approved as settled, would be retroactive to January 1, 2022, and add $0.10 per share to the quarter.
The quarterly dividend increased by 8.9% for the September 1 dividend payment.
American States Water
American States Water
American States Water Revenue by Segment
Forward Guidance
The contracted services segment is expected to contribute $0.45 to $0.49 per share for the full 2022 year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income