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Dec 31, 2023
American States Water Q4 2023 Earnings Report
Reported an increase in consolidated diluted EPS and segment performance varied.
Key Takeaways
American States Water Company reported a 10% increase in fourth quarter 2023 consolidated diluted EPS compared to the fourth quarter of 2022. The EPS was $0.55 compared to $0.50 in the prior year. The water segment saw an increase in diluted earnings, while the electric and contracted services segments experienced decreases.
Consolidated diluted earnings per share increased to $0.55, up from $0.50 in Q4 2022.
Water segment earnings increased to $0.41 per share, driven by new rates and increased revenues.
Electric segment earnings decreased slightly to $0.07 per share due to the absence of new rates.
Contracted services segment earnings decreased to $0.12 per share due to a decrease in construction activity.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
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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