American States Water Co (AWR) Q2 2026 Earnings Call Transcript

Ladies and gentlemen, thank you for standing by. Welcome to the American State's Water Company Conference Call, discussing the company's second quarter, 2026 results. The call is being recorded. If you would like to listen to the replay of this call, it will begin this afternoon at 5 p.m. Eastern Time and run through August 13th on the company's website, www.aswater.com. The slides that the company will be referring to are also available on the website. Presenting today from American States Water Company are Bob Sprouse, President and Chief Executive Officer, and Eva Tang, Senior Vice President of Finance and Chief Financial Officer. As a reminder, certain matters discussed during this conference call may be forward-looking statements within the meeting of the Private Securities Litigation Reform Act of 1995. forward-looking statements are not guarantees or assurances of any outcomes financial results levels of activity performance or achievements and listeners are cautioned not to place undue reliance upon them forward-looking statements are subject to estimates and assumptions and known and unknown risks uncertainties and other factors listeners should review the description of the company's risks and uncertainties that could affect the forward-looking statements in our most recent Form 10-K and Form 10-Q on file with the Securities and Exchange Commission statements made on this conference call speak only as of the date of this call and accept as required by law the company does not undertake any obligation to publicly update or revise any forward-looking statement in addition this conference call will include a discussion of certain measures that are not prepared in accordance with generally accepted accounting principles in the United States and constitute non-GAAP financial measures these non-GAAP financial measures are derived from consolidated financial information but are not presented in our financial statements that are prepared in accordance with GAAP for more details please refer to the press release at this time I will turn the call over to Bob Bob Sprouse, President and Chief Executive Officer of American State's Water Company.

Thank you, Bailey. Welcome, everyone, to 10 cents on the New York Stock, $20 million. We continue to invest in our water.

Those of this quarter are consolidated earnings per share compared to $0.87 per share. Golden State Water reported earnings of $0.91 per share for the second quarter of last year. The price per share increase was largely due to new water rates for 2026, including additional revenues associated with approved advice leather capital projects in late 2025, and higher gains generous income using earnings of $0.02 per share due to the dilutive effect from the share insurances for $0.04 per share for the quarter as compared to $0.03 per share for for the same quarter last year. Per share increase is primarily related to rates by higher overall operating and interest 16 cents per share for the quarter compared to 13 cents per share for the same quarter last year. An increase of 3 cents, the revenues from the resolution of second quarter increased by $18.2 million compared to the same quarter of $20 million in the water segment. 2026 rates and additional revenue generated from U.S. due to higher construction related to our water unit water supply cost of water resulting from a holiday operating expense of $6 million compared to construction expense increase in construction activity operating effective January 1, 22nd quarter of 2026. Six months ended compared to $1.5725, an increase of $0.29 per share. As Bob mentioned, all three of our operating businesses did very well and reported liquidity on this slide. Operating activities were $116.6 million for year-to-date 2026, as compared to $109.6 million for the same period last year. Largely related to new rates implemented at our regulated utility 91.7 funded capsule projects, $185 million to $200 million for the full year, 2020 program of the year, additional equity on credit ratings of A for American state water with a stable for Golden State water also with a stable outlook in the U.S. investor-owned water utility industry. ...dates on the regular application 2025-2027, the CPUC to implement its full second year

and other rate increases. In 2020, supply cost balance of January 1st represents the effects of the advice letter projects completed prior to $2,029 million. I'll turn the call.

We will now begin the question and answer session.

To ask a question, you may press star, then 1 on your touchtone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press star, then 2. At this time, we will pause momentarily to assemble our roster.

At this time, there are no questions.

I would like to turn the conference back over to Bob Sprouse for closing remarks. The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.