American States Water — Aug 5, 2026 release

Contracted Services Segment : Diluted earnings from the contracted services segment increased $0.03 per share for the second quarter of 2026 when compared to the same period in 2025 largely resulting from (i) an increase in construction activities, (ii) an increase in management fee revenues resulting from the resolution of various economic price adjustments, and (iii) a decrease in interest expense (net of interest income) due to lower average borrowing levels and average interest rates. These favorable variances were partially offset by an increase in overall operating expenses (excluding construction expenses). The contracted services segment is expected to contribute $0.63 to $0.67 per share for the full year of 2026. Year-to-Date (“YTD”) 2026 Results • YTD 2026 consolidated diluted earnings per share were $1.86 compared to YTD 2025 of $1.57 per share, an increase of $0.29 per share or 18.5%, largely from new rates implemented at AWR's regulated utilities and higher earnings at the contracted services segment from an increase in construction activities 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, 2026 and 2025. Diluted Earnings per Share Six Months Ended 6/30/2026 6/30/2025 CHANGE Water $ 1.47  $ 1.25  $ 0.22  Electric 0.12  0.10  0.02  Contracted services 0.31  0.26  0.05  AWR (parent) (0.03) (0.03) —    Consolidated diluted earnings per share, as recorded (GAAP) $ 1.86  $ 1.57  $ 0.29  Note: Certain amounts in the table above may not foot or crossfoot due to rounding. For the six months ended June 30, 2026, AWR’s recorded consolidated diluted earnings were $1.86 per share, as compared to $1.57 per share recorded for the same period in 2025, an increase of $0.29 per share or 18.5%, primarily generated from higher earnings at the water