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Jun 30, 2023
American States Water Q2 2023 Earnings Report
Reported basic and fully diluted earnings per share of $1.04, which includes a favorable variance of $0.21 per share resulting from the impact of estimates and changes in estimates following the receipt of a final decision on the cost of capital proceeding in June 2023.
Key Takeaways
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.
Consolidated diluted earnings per share, as reported, increased to $1.04 from $0.54 year-over-year.
Water segment's adjusted earnings increased by $0.30 per share.
Contracted services segment earnings increased by $0.02 per share.
An 8.2% increase in the quarterly dividend was approved for the September 1 dividend payment.
Revenue by Segment
Forward Guidance
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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