American States Water — Aug 6, 2025 release

The effects of a decrease in construction activity and higher overall operating expenses (excluding construction expenses) were partially offset by (i) an increase in management fee revenues resulting from the resolution of various economic price adjustments, and (ii) lower interest expense from lower borrowing levels. During the second quarter of 2025, construction activities were negatively impacted by timing of when the work is performed. However, AWR’s contracted services business is still expected to contribute $0.59 to $0.63 per share for the full 2025 year. AWR (Parent) : For the three months ended June 30, 2025, diluted losses from AWR (parent) decreased by $0.01 per share when compared to the same period in 2024 due largely to a decrease in interest expense resulting from lower average interest rates, partially offset by higher borrowing levels under AWR’s credit facility. Year-to-Date (“YTD”) 2025 Results • YTD 2025 consolidated diluted earnings per share were $1.57 compared to YTD 2024 of $1.47 per share, an increase of $0.10 per share or 7%, largely from new rates implemented at AWR's regulated utilities The table below sets forth a comparison of the diluted earnings per share contribution by business segment and for the parent company as recorded during the year-to-date June 30, 2025 and 2024.   Diluted Earnings per Share   Six Months Ended     6/30/2025 6/30/2024 CHANGE Water $ 1.25  $ 1.15  $ 0.10  Electric 0.10  0.06  0.04  Contracted services 0.26  0.32  (0.06) AWR (parent) (0.03) (0.06) 0.03    Consolidated diluted earnings per share, as recorded (GAAP) $ 1.57  $ 1.47  $ 0.10  Note: Certain amounts in the table above may not foot or crossfoot due to rounding. For the six months ended June 30, 2025,