earnings
confidence high
sentiment neutral
materiality 0.75
American States Water Q3 reported EPS $0.69 vs $0.76; adjusted EPS $0.82 vs $0.76
AMERICAN STATES WATER CO
2022-Q3 EPS reported
$1.61
revenue$366,161,000
- Reported fully diluted EPS $0.69 for Q3 2022 vs $0.76 in Q3 2021, a decrease of $0.07 per share.
- Adjusted EPS, excluding investment losses and retroactive rate case impact, was $0.82, up 7.9% YoY.
- Water segment results held back by delay in CPUC approval of 2022 rates; retroactive adjustment would add $0.10 per share to quarter.
- CPUC approval of water rate settlement would increase 2022 adopted revenues by $30.3M ($0.59/share) and supply costs by $9.7M ($0.19/share).
- Board approved Q4 dividend of $0.3975 per share, payable Dec. 1 to holders of record Nov. 15.