Increased Earnings Per Share
Earnings per share were $0.02 higher compared to the same quarter in 2024, attributed to the receipt of final decisions from the California Public Utilities Commission for water and electric general rate cases.
Dividend Increase
The Board approved a substantial dividend increase of 8.3%, reflecting confidence in the company's ability to achieve long-term sustainable earnings growth.
Revenue Growth
Consolidated revenue for the second quarter increased by $7.7 million compared to the same period of 2024, with the water segment seeing an increase of $9.3 million.
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, some of the highest in the U.S. investor-owned water utility industry.
Infrastructure Investment
Regulated utilities are on pace to invest $170 million to $210 million in infrastructure investments this year.