American States Water Reports Higher Results for Third Quarter

American States Water Co. (AWR), a California-based water service and electricity provider, reported third-quarter net income of $18.7 million, almost 20 percent higher than a year earlier.

Earnings per share for the period compared with a year ago advanced 17 percent, the San Dimas-based utility said today in a statement. Operating revenue for the quarter from the company’s water and electric operations was $133.5 million, it said, higher than analysts’ estimates of $124.4 million.

American States Water is the parent of Golden State Water Company and American States Utility Services Inc. Its shares have risen almost 25 percent this year.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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