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Dec 31, 2022
American States Water Q4 2022 Earnings Report
American States Water reported a decrease in fourth quarter consolidated diluted EPS compared to the same quarter of the previous year, but an increase when adjusted for water rates and investment gains.
Key Takeaways
American States Water Company reported EPS of $0.50 for Q4 2022, a decrease of $0.05 per share compared to Q4 2021. The results were impacted by the delay in receiving a final decision on the water general rate case and fluctuations in investment gains. Adjusted EPS, excluding these factors, would have been $0.56 per share, an increase of $0.05 per share or 9.8%.
Recorded diluted EPS decreased by $0.05 per share compared to Q4 2021, but increased by $0.05 per share as adjusted.
Delay in water general rate case impacted Q4 2022 results, with new rates, if approved, expected to add $0.09 per share retroactively.
Fluctuations in investment gains held to fund a retirement plan also affected Q4 2022 earnings.
Contracted services segment saw an increase in diluted earnings per share due to increased construction activity and higher management fee revenues.
Revenue by Segment
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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