GAAP Earnings Per Share Increase
Reported GAAP earnings per share of $0.38, representing a 35% increase over the same quarter last year.
Record Infrastructure Investment
Reaffirmed capital investment plans with a target of approximately $1.4 billion in infrastructure investment for 2025, with $613 million already deployed.
Dividend Increase
Board of Directors approved a 5.25% increase in the dividend, marking more than 30 years of consecutive increases.
Water Division Growth
Aqua Texas division has grown by nearly 25,000 connections over the last 10 years and currently has another 90,000 under contract or negotiation.
Strong Revenue Growth
Revenues increased by 18.5%, largely due to favorable rate case outcomes and higher purchased gas costs.