American States Water Q3 2022 Earnings Report
Key Takeaways
American States Water Company reported a decrease in earnings per share (EPS) for the third quarter of 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 water general rate case. However, excluding these factors, adjusted consolidated diluted earnings increased by $0.06 per share, or 7.9%.
Reported diluted EPS decreased by $0.07 per share compared to Q3 2021, but adjusted EPS increased by $0.06 per share.
Losses on investments held to fund a retirement plan negatively impacted EPS by $0.03 per share.
The delay in receiving a final decision on the water general rate case affected water revenues and EPS.
Electric and contracted services segments showed slight increases in earnings.
American States Water
American States Water
American States Water Revenue by Segment
Forward Guidance
The contracted services segment is expected to contribute $0.43 to $0.47 per share for the full 2022 year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income