American States Water Company (AWR), a provider of water and electric utility services along with contracted services for military installations, posted second-quarter results showing a year-over-year increase in revenue and net income.
Total operating revenue for the quarter ended June 30 rose to $163.1 million from $155.3 million in the same period last year. The increase was largely driven by higher electric segment revenue, which climbed to $12.9 million from $8.7 million, offsetting a decline in contracted services revenue to $30.4 million from $36.2 million.
Net income rose to $33.7 million from $31.9 million in the prior-year quarter. Operating income edged slightly lower to $51 million from $51.7 million a year ago. Diluted earnings per share were $0.87, compared to $0.85 in the second quarter of 2024.
AWR closed Wednesday's trading at $74.37 down $0.25 or 0.34 percent on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.