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Sep 30, 2023
American States Water Q3 2023 Earnings Report
American States Water's Q3 2023 earnings increased due to new water rates and effective cost management.
Key Takeaways
American States Water Company reported an increase in basic and fully diluted earnings per share to $0.85 for Q3 2023, compared to $0.69 in Q3 2022. The increase is primarily attributed to new water rates approved by the CPUC. The company's water segment saw an increase in operating revenues, offset by higher water supply costs and operating expenses.
Consolidated diluted EPS increased by $0.16 per share, or 23.2%, compared to Q3 2022.
Water segment earnings increased by $0.18 per share, driven by new water rates.
Electric segment earnings remained flat due to pending electric general rate case.
Contracted services segment earnings were consistent with the same period in 2022.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the current report.
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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