AWR Q3 EPS $0.85 up 23.2% YoY; files water rate case for $611M infrastructure plan

AMERICAN STATES WATER CO

2023-Q3 EPS reported $2.82 revenue$470,519,000

Q3 2023 diluted EPS $0.85 vs $0.69 in Q3 2022, up 23.2%; adjusted EPS up 16.4% to $0.85 vs $0.73.
Water segment revenues increased $13.5M due to second-year rate increases from CPUC general rate case.
In August 2023, filed water utility general rate case for 2025–2027 with $611.4M core infrastructure investment plan.
Declared Q4 dividend of $0.43/share, payable Dec 1, 2023, marking 69 consecutive years of increases.
CPUC approved 2024 cost of capital adjustment raising GSWC's return on equity to 10.06% effective Jan 1, 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

AMERICAN STATES WATER CO reported third quarter ended September 30, 2023 results: EPS basic and fully diluted earnings per share of $0.85 for the quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
EPS: basic and fully diluted earnings per share of $0.85 for the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $0.85 for the quarter ended September 30, 2023, as compared to basic and fully diluted earnings per share of $0.69 for the quarter ended September 30, 2022, an increase of $0.16 per share, or 23.2%

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Source: SEC EDGAR

accession 0001628280-23-037074

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