American States Water — Nov 5, 2025 release

0.11 per share) in recorded third quarter 2025 consolidated diluted EPS compared to third quarter of 2024 ◦ Increased earnings per share at all operating business segments • AWR’s regulated utilities authorized to spend nearly $650 million in capital investments as approved in the utilities’ general rate cases ◦ On target to invest $180 to $210 million in 2025 • AWR’s regulated water utility receives CPUC approval to provide water services at another new planned community that will be built out over time with the first development expected to serve up to 3,800 customer connections during the next five years, and over the longer term (20+ years) allows for the construction of 17,500 total dwelling units at full buildout • AWR’s contracted services business is expected to contribute $0.59 to $0.63 per share for the full 2025 year ◦ In 2025, the contracted services business has been awarded $28.7 million in additional new construction projects, which are expected to be completed through 2028 • An 8.3% increase in the quarterly dividend during 2025 ◦ Quarterly dividend rate has grown at a CAGR of 8.5% over the last five years San Dimas, California, November 5, 2025…. American States Water Company (NYSE:AWR) today reported basic and fully diluted earnings per share of $1.06 for the quarter ended September 30, 2025, as compared to basic and fully diluted earnings per share of $0.95 for the quarter ended September 30, 2024