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Dec 31, 2024
American States Water Q4 2024 Earnings Report
American States Water reported higher EPS in Q4 2024 due to increased water segment revenue and lower tax expenses.
Key Takeaways
American States Water posted strong Q4 2024 results, with diluted EPS rising to $0.75 from $0.55 in the prior-year quarter. The increase was driven by higher water segment revenue and a $5 million tax benefit. Operating income grew to $38.69 million, while net income reached $28.44 million.
Diluted EPS increased to $0.75 from $0.55 in Q4 2023.
Net income rose to $28.44 million, up from $20.43 million in the prior-year quarter.
Water segment revenue increased by $5.1 million due to rate increases.
Operating income grew to $38.69 million, supported by higher rates and tax benefits.
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 company expects continued revenue growth from approved rate increases but anticipates higher costs related to regulatory compliance and infrastructure investments.
Positive Outlook
- Rate increases approved for water and electric utilities through 2027.
- Capital investments of nearly $650 million authorized by CPUC.
- Favorable tax adjustments expected to provide continued benefits.
- Strong financial position to support expansion and maintenance projects.
- Continued demand for contracted services, including military base operations.
Challenges Ahead
- Higher interest expenses due to increased borrowing costs.
- Regulatory compliance costs expected to rise in the coming years.
- Potential volatility in investment returns affecting pension plans.
- Uncertainty in cost recovery mechanisms for future infrastructure projects.
- Weather-related risks affecting water and electric service demand.