On Thursday, November 6, 2025, American States Water Company reported its third‑quarter 2025 earnings. The company posted diluted earnings per share of $1.06, up 11.6% from $0.95 in the same quarter a year earlier. Consolidated net income rose to $41.2 million from $35.8 million, reflecting stronger performance across all three operating segments.
Segment‑level results show the water utility contributed $0.86 per share, an increase of $0.02, while the electric utility added $0.04 per share, up $0.02. The contracted services segment delivered $0.19 per share, up $0.08, driven by higher construction activity and new customer rates. The growth in the contracted services segment underscores the company’s expanding footprint on military bases and the impact of record capital upgrade awards received in 2024.
Year‑to‑date diluted earnings per share totaled $2.63, up $0.21 from $2.42 a year earlier, with the water and electric utilities each posting double‑digit gains. The company’s dividend policy remains unchanged, with a quarterly dividend of $0.5040 per share scheduled for payment on December 2, 2025. These results reinforce AWR’s ability to generate consistent earnings growth while investing in infrastructure and expanding its contracted services business.
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