American States Water — Aug 6, 2025 release

ividends to shareholders • AWR’s regulated utilities received CPUC decisions in early 2025 authorizing nearly $650 million in capital investments in connection with the utilities’ general rate cases ◦ On target to spend $170 to $210 million in 2025 • AWR’s regulated water utility completes transaction with a developer to build out, own and operate the water and wastewater system assets serving a new planned community of 1,300 connections that will generate two revenue streams for delivering water and wastewater services • In July, Standard & Poor’s affirmed the company’s strong credit ratings of “A” for AWR with a stable outlook, and “A+” for its regulated water utility with a stable outlook San Dimas, California, August 6, 2025…. American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $0.87 for the quarter ended June 30, 2025, as compared to basic and fully diluted earnings per share of $0.85 for the quarter ended June 30, 2024, an increase of $0.02 per share, primarily generated from higher earnings at the water and electric utility segments, partially offset by timing differences in construction activities that resulted in lower earnings at the contracted services segment. Second Quarter 2025 Results The table below sets forth a comparison of the second quarter 2025 diluted earnings per share contribution recorded by business segment and for the parent company compared