Earnings Per Share Increase
Earnings per share increased by $0.02 compared to the same quarter in 2024, attributed to favorable decisions from the California Public Utilities Commission (CPUC) regarding water and electric rates.
Dividend Increase
The Board approved a significant dividend increase of 8.3%, reflecting confidence in long-term sustainable earnings growth.
Regulated Utility Revenue Growth
Consolidated revenue for the second quarter increased by $7.7 million compared to the same period in 2024, with significant contributions from new water and electric rates.
Strong Credit Ratings
Standard & Poor's Global Ratings affirmed a credit rating of A stable for American States Water and A+ stable for Golden State Water, among the highest in the U.S. investor-owned water utility industry.
Infrastructure Investment
The company is on pace to invest a combined $170 million to $210 million in infrastructure investments this year.