Increase in Earnings Per Share
Recorded earnings per share for the third quarter were $0.11 higher compared to the third quarter of last year, marking an 11.6% increase.
Revenue Growth
Consolidated revenue for the third quarter increased by $21 million compared to the same quarter of 2024. Notable gains were seen in the water segment ($8.3 million), electric segment ($4.3 million), and ASUS ($8.4 million).
ASUS Contract Awards
ASUS was awarded $28.7 million in new capital upgrade construction projects during the 9 months ended September 30, expected to be completed through 2028.
Recognition on Prominent Lists
American States Water Company was recognized on Times America's Best Midsize Companies 2025 list and Barron's 100 Most Sustainable Companies for 2025.
Dividend Increase
The company raised its dividend by 8.3%, maintaining a compound annual growth rate of 8.5% over the last 5 years.