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Jun 30, 2024
American States Water Q2 2024 Earnings Report
American States Water's earnings decreased compared to the same quarter last year, with EPS of $0.85.
Key Takeaways
American States Water Company reported a decrease in earnings per share (EPS) for the second quarter of 2024, with a reported EPS of $0.85 compared to $1.04 in the second quarter of 2023. Adjusted EPS was also $0.85, compared to $0.86 in the prior year. The water utility segment reached a settlement agreement for new rates from 2025-2027, and the contracted services subsidiary commenced operations at two new military bases.
Second quarter recorded and adjusted earnings were $0.85 per share, compared to $1.04 and $0.86 per share in Q2 2023, respectively.
AWR's water utility reached a settlement agreement for new water rates for 2025-2027, authorizing $573.1 million in capital investment.
The quarterly dividend increased by 8.3%, marking the 70th consecutive year of increased annual dividends.
AWR's contracted services subsidiary commenced operations at two new military bases in April 2024, contributing earnings in the second quarter.
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 $0.50 to $0.54 per share for the full 2024 year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income