The following tables present information by reportable segment and AWR (parent) that reconcile segment net income (loss) to total consolidated net income (loss) and segment assets to total consolidated assets. The utility plant balances are net of respective accumulated provisions for depreciation. The net property, plant and equipment of the electric segment is presented net of Contributions in Aid of Construction (CIAC). Capital additions reflect capital expenditures paid in cash and exclude U.S. government-funded and third-party prime funded capital expenditures for ASUS’s subsidiaries and property installed by developers and conveyed to GSWC and BVES.


	For The Three Months Ended June 30, 2025
							Total
					Contracted		Reportable		AWR		Consolidated
(dollars in thousands)	Water		Electric		Services		Segments		Parent		AWR
Operating revenues	$	119,697	$	12,928	$	30,441	$	163,066	$	—	$	163,066
Less:
Supply costs	33,959		2,961		—		36,920		—		36,920
Other operation	8,800		1,079		2,431		12,310		—		12,310
Administrative and general	15,952		3,648		5,620		25,220		2		25,222
Depreciation and amortization expense (1)	9,895		899		887		11,681		—		11,681
Maintenance	2,824		1,725		1,580		6,129		—		6,129
Property and other taxes	5,710		650		595		6,955		—		6,955
ASUS construction expense	—		—		12,890		12,890		—		12,890
Segment operating income (loss)	42,557		1,966		6,438		50,961		(2)		50,959

Interest expense	(9,265)		(1,202)		(179)		(10,646)		(1,462)		(12,108)
Interest income	936		350		202		1,488		10		1,498
Gain (loss) on investments held in a trust	2,748		—		—		2,748		—		2,748
Income tax expense (benefit)	9,096		85		1,599		10,780		(545)		10,235
Other segment items income (expense) (2)	260		147		12		419		409		828
Segment net income (loss)	$	28,140	$	1,176	$	4,874	$	34,190	$	(500)	$	33,690

	For The Three Months Ended June 30, 2025
							Total
					Contracted		Reportable		AWR		Consolidated
(dollars in thousands)	Water		Electric		Services		Segments		Parent		AWR
Capital additions (3)	$	43,221	$	6,129	$	1,566	$	50,916	$	—	$	50,916


	For The Three Months Ended June 30, 2024
							Total
					Contracted		Reportable		AWR		Consolidated
(dollars in thousands)	Water		Electric		Services		Segments				AWR
Operating revenues	$	110,424	$	8,703	$	36,201	$	155,328	$	—	$	155,328
Less:
Supply costs	29,756		2,490		—		32,246		—		32,246
Other operation	7,442		930		2,361		10,733		—		10,733
Administrative and general	15,933		2,220		5,332		23,485		2		23,487
Depreciation and amortization expense (1)	9,043		893		834		10,770		—		10,770
Maintenance	2,210		405		920		3,535		—		3,535
Property and other taxes	5,475		532		605		6,612		—		6,612
ASUS construction expense	—		—		16,197		16,197		—		16,197
Segment operating income (loss)	40,565		1,233		9,952		51,750		(2)		51,748

Interest expense	(9,716)		(1,257)		(553)		(11,526)		(1,611)		(13,137)
Interest income	1,574		306		192		2,072		21		2,093
Gain (loss) on investments held in a trust	976		—		—		976		—		976
Income tax expense (benefit)	8,487		(39)		2,322		10,770		(411)		10,359
Other segment items income (expense) (2)	283		21		(18)		286		257		543
Segment net income (loss)	$	25,195	$	342	$	7,251	$	32,788	$	(924)	$	31,864

	For The Three Months Ended June 30, 2024
							Total
					Contracted		Reportable		AWR		Consolidated
(dollars in thousands)	Water		Electric		Services		Segments				AWR
Capital additions (3)	$	54,349	$	5,945	$	1,454	$	61,748	$	—	$	61,748


	For The Six Months Ended June 30, 2025
							Total
					Contracted		Reportable		AWR		Consolidated
(dollars in thousands)	Water		Electric		Services		Segments		Parent		AWR
Operating revenues	$	221,700	$	27,930	$	61,449	$	311,079	$	—	$	311,079
Less:
Supply costs	59,382		7,026		—		66,408		—		66,408
Other operation	15,475		2,320		5,005		22,800		—		22,800
Administrative and general	33,609		6,746		11,739		52,094		3		52,097
Depreciation and amortization expense (1)	19,719		1,784		1,760		23,263		—		23,263
Maintenance	4,828		2,636		2,812		10,276		—		10,276
Property and other taxes	11,334		1,336		1,237		13,907		—		13,907
ASUS construction expense	—		—		25,823		25,823		—		25,823
Segment operating income (loss)	77,353		6,082		13,073		96,508		(3)		96,505

Interest expense	(18,593)		(2,338)		(492)		(21,423)		(2,767)		(24,190)
Interest income	2,208		874		401		3,483		28		3,511
Gain (loss) on investments held in a trust	2,161		—		—		2,161		—		2,161
Income tax expense (benefit)	15,610		1,132		2,976		19,718		(1,021)		18,697
Other segment items income (expense) (2)	527		316		(8)		835		409		1,244
Segment net income (loss)	$	48,046	$	3,802	$	9,998	$	61,846	$	(1,312)	$	60,534

	For The Six Months Ended June 30, 2025
							Total
					Contracted		Reportable		AWR		Consolidated
(dollars in thousands)	Water		Electric		Services		Segments		Parent		AWR
Capital additions (3)	$	101,079	$	13,982	$	3,420	$	118,481	$	—	$	118,481


	For The Six Months Ended June 30, 2024
							Total
					Contracted		Reportable		AWR		Consolidated
(dollars in thousands)	Water		Electric		Services		Segments				AWR
Operating revenues	$	200,689	$	20,908	$	68,982	$	290,579	$	—	$	290,579
Less:
Supply costs	51,186		6,231		—		57,417		—		57,417
Other operation	14,022		1,919		4,415		20,356		—		20,356
Administrative and general	32,910		4,703		11,218		48,831		3		48,834
Depreciation and amortization expense (1)	18,077		1,777		1,638		21,492		—		21,492
Maintenance	4,038		778		1,944		6,760		—		6,760
Property and other taxes	10,724		1,126		1,249		13,099		—		13,099
ASUS construction expense	—		—		31,899		31,899		—		31,899
Segment operating income (loss)	69,732		4,374		16,619		90,725		(3)		90,722

Interest expense	(19,108)		(2,453)		(1,073)		(22,634)		(3,358)		(25,992)
Interest income	3,085		637		395		4,117		46		4,163
Gain (loss) on investments held in a trust	3,046		—		—		3,046		—		3,046
Income tax expense (benefit)	14,311		521		3,882		18,714		(959)		17,755
Other segment items income (expense) (2)	545		47		(34)		558		257		815
Segment net income (loss)	$	42,989	$	2,084	$	12,025	$	57,098	$	(2,099)	$	54,999

	For The Six Months Ended June 30, 2024
							Total
					Contracted		Reportable		AWR		Consolidated
(dollars in thousands)	Water		Electric		Services		Segments				AWR
Capital additions (3)	$	95,627	$	11,161	$	2,510	$	109,298	$	—	$	109,298

(1) Depreciation computed on regulated utilities’ transportation equipment is recorded in other operating expenses and totaled $0.3 million and $0.2 million for the three months ended June 30, 2025 and 2024, and totaled $0.5 million and $0.3 million for the six months ended June 30, 2025 and 2024, respectively.