American States Water Company ( (AWR) ) has released its Q4 earnings. Here is a breakdown of the information American States Water Company presented to its investors.
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American States Water Company, a prominent utility holding company, provides water and electric services through its subsidiaries, Golden State Water Company and Bear Valley Electric Service, Inc., serving numerous communities in California. The company also operates American States Utility Services, Inc., which manages water and wastewater services on military bases across the United States.
In its latest earnings report, American States Water Company posted a notable increase in its fourth-quarter earnings for 2024, with a $0.20 per share rise in consolidated diluted EPS compared to the same period in 2023. This increase reflects the impacts of retroactive rate adjustments and capital investments authorized by the California Public Utilities Commission (CPUC).
Key highlights from the report include a significant $0.11 per share rise in earnings from the water utility segment, driven by increased operating revenues and a favorable CPUC decision on deferred income tax balances. The electric segment also saw a $0.06 per share increase due to new rates set retroactively and efforts to enhance system safety and reliability. However, the contracted services segment experienced a slight decrease in earnings per share due to higher operating expenses.
Looking ahead, American States Water Company projects continued growth and stability, supported by ongoing investments in infrastructure and regulatory decisions that favorably impact its earnings. The company’s commitment to increasing dividends annually, as demonstrated by its recent dividend approval, reflects its robust financial health and long-term strategic vision.
