American States Water Q1 EPS rises 8.6% to $0.76 on higher utility rates
American States Water reported first quarter 2026 GAAP diluted earnings of $0.76 per share, up from $0.70 a year earlier, and revenue of $169.2 million, up from $148.0 million. The company attributed the gain mainly to new California Public Utilities Commission rate increases and higher construction activity at its contracted services segment, and its board approved a second quarter dividend of $0.5040 per share.
Key points
- Total operating revenues were $169.2 million, compared with $148.0 million in the first quarter of 2025.
- Net income was $29.9 million, compared with $26.8 million a year earlier.
- Water segment diluted EPS was $0.55, up from $0.52; contracted services EPS was $0.15, up from $0.13.
- The board approved a $0.5040 per share dividend, payable June 2, 2026 to shareholders of record on May 18, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.