American States Water — Nov 6, 2024 release

◦ YTD 2023 recorded results also reflect a favorable variance of $0.13 per share resulting from the reversal of revenues subject to refund previously recorded in 2022 following the receipt of a final decision in the cost of capital proceeding in June 2023. • Company-funded capital expenditures for 2024 by the two regulated utility subsidiaries are expected to be between $210 million and $230 million, a record high The table below sets forth a comparison of the diluted earnings per share contribution by business segment and for the parent company as recorded and as adjusted during the year-to-date September 30, 2024 and 2023.   Diluted Earnings per Share   Nine Months Ended     9/30/2024 9/30/2023 CHANGE Water $ 1.99  $ 2.36  $ (0.37) Electric 0.07  0.14  (0.07) Contracted services 0.44  0.38  0.06  AWR (parent) (0.07) (0.06) (0.01)   Consolidated diluted earnings per share, as recorded (GAAP) $ 2.42  $ 2.82  $ (0.40) Adjustments to GAAP measure:  Impact of retroactive rates related to the full year of 2022 from the final decision in the water general rate case* —  (0.38) 0.38  Impact related to the final cost of capital decision* —  (0.13) 0.13  Consolidated diluted earnings per share, as adjusted (Non-GAAP)* $ 2.42  $ 2.31  $ 0.11  Water diluted earnings per share, as adjusted (Non-GAAP)* $ 1.99  $ 1.85  $ 0.14  Note: Certain amounts in the table above may not foot or crossfoot due to rounding. * All adjustments to 2023’s recorded diluted earnings per share relate to the water segment. The water segment’s adjusted earnings for 2023 exclude both the impact of the final decisi