American States Water Company is a regulated utility that delivers water and, in some areas, electric service primarily in California through Golden State Water Company. Its contracted services subsidiary American States Utility Services operates water and wastewater systems on U.S. military bases under long-term agreements with the Department of Defense. That dual model—regulated municipal-style utility plus federal base contracts—sets it apart from pure investor-owned water peers.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 163.1 | — | 33.5 | 6% |
| Q3 2025 | 182.7 | — | 41 | 15.2% |
| Q4 2025 | 164.3 | — | 28.7 | 1.1% |
| Q1 2026 | 169.2 | — | 29.9 | 12.1% |
| Q2 2026 | 181.3 | 11.2% | 43.1 | 28.4% |
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