American States Water — Nov 5, 2025 release

Contracted Services Segment : Diluted earnings from the contracted services segment increased $0.08 per share for the third quarter of 2025 when compared to the same period in 2024 largely resulting from an increase in (i) construction activities, from timing of when work is performed, (ii) management fee revenues resulting from the resolution of various economic price adjustments, and (iii) lower interest expense from lower borrowing levels; partially offset by higher overall operating expenses (excluding construction expenses). The contracted services segment is expected to contribute $0.59 to $0.63 per share for the full 2025 year. AWR (Parent) : For the three months ended September 30, 2025, diluted losses from AWR (parent) increased by $0.01 per share when compared to the same period in 2024 due largely to an increase in interest expense resulting from higher borrowing levels under AWR’s credit facility. Year-to-Date (YTD) 2025 Results • YTD 2025 recorded consolidated diluted earnings per share increased by 8.7% (or $0.21 per share) compared to YTD 2024, with earnings per share increasing at all operating business segments The table below sets forth a comparison of the YTD diluted earnings per share contribution by business segment and for the parent company.   Diluted Earnings per Share   Nine Months Ended     9/30/2025 9/30/2024 CHANGE Water $ 2.11  $ 1.99  $ 0.12  Electric 0.14  0.07  0.07  Contracted services 0.45  0.44  0.01  AWR (parent) (0.06) (0.07) 0.01    Consolidated diluted earnings per share, as recorded (GAAP) $ 2.63  $ 2.42  $ 0.21  Note: Certain amounts in the table above may not foot or crossfoot due to rounding. For the nine months ended September 30, 2025, AWR’s recorded consolidated diluted earnings were $2.63 per share, as compared to $2.42 per share recorded fo