Quarterly ResultMay 6, 2026, 04:42 PM
American States Water Q1 Net Income +11.6% to $29.9M; Revenue +14.3%
AI Summary
American States Water Company reported a significant increase in net income and total operating revenues for the first quarter ended March 31, 2026. Net income rose by 11.6% to $29.9 million, while total operating revenues increased by 14.3% to $169.2 million. Basic earnings per common share also saw an 8.6% improvement, reaching $0.76. The company also increased its dividends paid per common share by 8.3% to $0.5040.
Key Highlights
- Net income for Q1 2026 increased 11.6% to $29.9 million.
- Total operating revenues rose 14.3% to $169.2 million.
- Basic earnings per common share grew 8.6% to $0.76.
- Dividends paid per common share increased 8.3% to $0.5040.
- Water segment revenues reached $113.1 million.
- Contracted services revenues increased to $37.4 million.
- Net cash provided by operating activities was $71.6 million.