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Sep 30, 2024
American States Water Q3 2024 Earnings Report
American States Water's Q3 2024 earnings increased, driven by strong performance in the water utility segment and settlements in rate cases.
Key Takeaways
American States Water Company reported an increase in earnings per share to $0.95 for Q3 2024, compared to $0.85 in Q3 2023. This increase was primarily due to higher earnings at the water utility subsidiary, Golden State Water Company. The company also reached settlement agreements in connection with water and electric general rate cases, authorizing significant capital investments.
Q3 2024 earnings per share increased to $0.95, up from $0.85 in Q3 2023.
Golden State Water Company's performance drove the earnings increase with a $0.12 per share contribution.
Settlement agreements were reached in water and electric general rate cases, authorizing nearly $650 million in capital investments.
Contracted services business is expected to contribute $0.54 to $0.57 per share for the full year 2024.
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 projected to contribute $0.59 - $0.63 per share in 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income