American States Water Company reported second-quarter 2026 earnings of $1.09 per share, up 25.3% year over year and beating the Zacks Consensus Estimate of 93 cents by 17.2%. Operating revenues rose 11.2% to $181.29 million, driven by a 9.5% increase in water segment revenues to $131.05 million, a 20.3% jump in contracted services revenues to $36.61 million, and a 5.4% rise in electric segment revenues to $13.63 million. The gains primarily reflect CPUC-approved rate increases effective January 1, 2026, higher water consumption, and additional revenues from approved capital projects. Operating income increased 25.5% to $63.97 million, and net income rose 28.4% to $43.27 million. The board approved an 8.2% dividend increase to 54.55 cents per share, marking the 72nd consecutive year of annual dividend hikes, and the company completed its $200 million at-the-market equity offering program with no plans for additional equity issuance through at least the end of 2029.
American States Water CompanyQ2 earnings beat and dividend increase
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