Amer States Wate

Q2 FY2026 EarningsQ2 FY2026 results significantly exceeded consensus expectations across the board: revenue of $181.3M vs. $171.6M expected, and GAAP EPS of $1.09 vs. $0.93 expected. The 25.3% YoY EPS growth was primarily driven by CPUC-approved rate increases at the water utility and a surge in construction activities within the contracted services segment. Management increased the quarterly dividend by 8.2%, marking the 72nd consecutive year of increases, while successfully completing its $200M ATM equity program.