<span item_type="fundamental" item_id="9c4664cdfb1c60d8fd50b0a3aef1d161" counter_id="ST/US/AWR" env="prod"></span><span item_type="announcement" item_id="645483228060979074" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 169.19 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.76, missing the estimate of USD 0.77.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 62.5 M.</p><p></p><h4>Consolidated Financial Performance</h4><ul><li>Net Income for American States Water Company was $29,948 thousand for the three months ended March 31, 2026, compared to $26,844 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Total operating revenues for the first quarter of 2026 were $169,191 thousand, up from $148,013 thousand in the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Total operating expenses for the first quarter of 2026 were $117,820 thousand, compared to $102,467 thousand in the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Operating income was $51,371 thousand for the first quarter of 2026, compared to $45,546 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li></ul><h4>Other Income and Expenses</h4><ul><li>Interest expense was - $12,107 thousand for Q1 2026, compared to - $12,082 thousand for Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Interest income was $976 thousand for Q1 2026, down from $2,013 thousand for Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Other, net was - $420 thousand for Q1 2026, compared to - $171 thousand for Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Total other income and (expenses), net was - $11,551 thousand for Q1 2026, compared to - $10,240 thousand for Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li></ul><h4>Segment-Specific Performance (Three Months Ended March 31)</h4><h5>Water Segment</h5><ul><li>Operating Revenues were $113,110 thousand in 2026, compared to $102,003 thousand in 2025, an increase of $11.1 million largely due to CPUC-authorized rate increases and additional revenues for capital projects.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Net Income was $21,683 thousand in 2026, compared to $19,906 thousand in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Water supply costs increased by $4.8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Operating expenses (excluding supply costs) increased by $2.4 million, primarily due to labor costs, employee benefits, operation-related costs, depreciation and amortization, and property and other non-income taxes.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Interest expense (net of interest income) increased by $0.9 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Other expense (net of other income) increased by $0.2 million, largely due to losses on investments for retirement plans.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li></ul><h5>Electric Segment</h5><ul><li>Operating Revenues were $18,657 thousand in 2026, compared to $15,002 thousand in 2025, an increase of $3.7 million due to CPUC-authorized rate increases and additional revenues for capital projects.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Net Income was $3,313 thousand in 2026, compared to $2,626 thousand in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Electric supply costs increased by $0.3 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Operating expenses increased by $2.3 million, mostly from operation and maintenance-related activities.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Interest expense (net of interest and other income) increased by $0.5 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li></ul><h5>Contracted Services Segment</h5><ul><li>Operating Revenues were $37,424 thousand in 2026, compared to $31,008 thousand in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>Net Income was $5,815 thousand in 2026, compared to $5,124 thousand in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>The increase largely resulted from increased construction activities, higher management fee revenues, and decreased interest expense.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li></ul><h5>AWR (Parent) Segment</h5><ul><li>Net Income (loss) was - $863 thousand in 2026, compared to - $812 thousand in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li></ul><h4>Capital Investments and Dividends</h4><ul><li>American States Water Company’s regulated utilities are authorized to spend approximately $650 million in capital investments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>The company is on target to invest $185 to $225 million in 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>A second quarter dividend of $0.5040 per share was approved on May 4, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li><li>American States Water Company has increased dividends for 71 consecutive years and aims for a long-term compound annual growth rate in dividends of more than 7%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li></ul><h4>Outlook / Guidance</h4><ul><li>American States Water Company’s contracted services business is expected to contribute $0.63 to $0.67 per share for the full 2026 year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1056903/000162828026031373/exhibit991pressrelease2026.htm"></span></li></ul>

Amer States Wate | 8-K: FY2026 Q1 Revenue: USD 169.19 M