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American States Water Q2 adjusted earnings rise 45.5% YOY

American States Water Co. on Aug. 5 reported second-quarter 2019 adjusted earnings of 64 cents per share, up from 44 cents per share in the same period of 2018.

On an as-reported basis, the company posted earnings of 72 cents per share, compared with 44 cents per share in the prior-year period. Net income for the quarter was $26.8 million, rising from $16.3 million in the comparable 2018 quarter.

Operating revenues grew year over year to $124.6 million from $106.9 million, while operating income improved to $39.4 million from $25.6 million in the year-ago period.