American States Water Q4 2019 Earnings Report
Key Takeaways
American States Water Company reported basic and fully diluted earnings per share of $0.45 for the fourth quarter ended December 31, 2019, as compared to basic and fully diluted earnings per share of $0.37 for the fourth quarter ended December 31, 2018. Fully diluted earnings for the year ended December 31, 2019 were $2.28 per share, compared to $1.72 per share for 2018.
Diluted earnings per share was $0.45 for the fourth quarter ended December 31, 2019, compared to $0.37 for the same period in 2018.
Water segment earnings increased by $0.11 per share compared to the same period in 2018, driven by higher gross margin and lower operating expenses.
Electric segment earnings increased to $0.05 per share, up from $0.03 per share in the same period in 2018, due to new rates authorized by the CPUC.
Contracted services segment earnings decreased to $0.12 per share, compared to $0.18 per share for the same period in 2018, due to the timing of construction work.
American States Water
American States Water
American States Water Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income