Quarterly ResultMay 6, 2026, 04:43 PM
American States Water Q1 EPS $0.76, up 8.6%; Declares $0.5040 Dividend
AI Summary
American States Water Company reported an 8.6% increase in consolidated diluted EPS to $0.76 for the first quarter ended March 31, 2026, up from $0.70 in the prior year, driven by higher earnings across all operating segments. Total operating revenues increased to $169.191 million, and net income rose to $29.948 million. The company's Board of Directors also approved a second quarter dividend of $0.5040 per share, extending its streak of annual dividend increases to 71 consecutive years. Additionally, American States Water was recognized by Newsweek as one of America's Most Trustworthy Companies, ranking first in the Energy & Utilities Industry.
Key Highlights
- Q1 2026 consolidated diluted EPS increased 8.6% to $0.76 from $0.70 in Q1 2025.
- Total operating revenues rose to $169.191 million in Q1 2026 from $148.013 million.
- Net income for Q1 2026 was $29.948 million, up from $26.844 million in Q1 2025.
- Board approved a Q2 dividend of $0.5040 per share, marking 71 consecutive years of increases.
- Water segment diluted EPS increased to $0.55 from $0.52 in Q1 2025.
- Contracted services segment diluted EPS increased to $0.15 from $0.13 in Q1 2025.
- Contracted services business expects to contribute $0.63 to $0.67 per share for full-year 2026.
- Company named #1 in Energy & Utilities by Newsweek for trustworthiness.
Price Impact
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