AWR reports Q2 2022 EPS $0.54 (down $0.18 YoY); raises dividend 8.9%

AMERICAN STATES WATER CO

2022-Q2 EPS reported $0.92 revenue$231,177,000

Diluted EPS $0.54 vs $0.72 Q2 2021; adjusted EPS $0.71 vs $0.69 YoY, an increase of $0.02.
Board approved 8.9% dividend increase to $0.3975 per share, payable Sep 1 to holders of record Aug 15, 2022.
Water segment results affected by CPUC rate case delay; if rates retroactive, would add $0.10 per share for Q2.
Contracted services segment FY 2022 EPS guidance reaffirmed at $0.45-$0.49.
Electric segment issued $35M private placement notes in April 2022.

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