American States Water — May 7, 2025 release

WR’s regulated utilities received CPUC decisions authorizing nearly $650 million in capital investments in connection with the utilities’ general rate cases • AWR’s contracted services business is expected to contribute $0.59 to $0.63 per share for the full 2025 year San Dimas, California, May 7, 2025…. American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $0.70 for the quarter ended March 31, 2025, as compared to basic and fully diluted earnings per share of $0.62 for the quarter ended March 31, 2024, an increase of $0.08 per share, primarily generated from higher earnings at the water and electric utility segments due to the implementation of new rates. Included in AWR’s consolidated results during the first quarter of 2025 were losses of $0.6 million, or $0.01 per share, generated on investments held to fund one of the Company’s retirement plans as compared to gains of $2.1 million, or $0.04 per share, recorded during the same period in 2024, a net unfavorable variance of $0.05 per share due to financial market conditions. In addition, AWR’s consolidated diluted earnings for the first quarter of 2025 were negatively impacted by approximately $0.02 per share due to the dilutive effects from the issuance of equity under AWR’s at-the-market (“ATM”) offering program. First Quarter 2025 Results The table below sets forth a comparison of the first quarter 2025 diluted earnings