v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Revenues    
Water $ 113,110 $ 102,003
Electric 18,657 15,002
Contracted services 37,424 31,008
Total operating revenues 169,191 148,013
Operating Expenses    
Water purchased 21,360 16,308
Power purchased for pumping 3,297 3,149
Groundwater production assessment 5,527 5,679
Power purchased for resale 4,792 6,068
Supply cost balancing accounts (318) (1,716)
Other operation 11,268 10,490
Administrative and general 28,154 26,875
Depreciation and amortization 12,684 11,582
Maintenance 5,700 4,147
Property and other taxes 8,023 6,952
ASUS construction 17,333 12,933
Utilities Operating Expense, Total 117,820 102,467
Operating Income 51,371 45,546
Other Income and Expenses    
Interest expense (12,107) (12,082)
Interest income 976 2,013
Other, net (420) (171)
Total other income and expenses, net (11,551) (10,240)
Income before income tax expense 39,820 35,306
Income tax expense 9,872 8,462
Net Income $ 29,948 $ 26,844
Basic Earnings Per Common Share    
Weighted Average Number of Common Shares Outstanding (in shares) 39,111 38,253
Basic Earnings Per Common Share (in dollars per share) $ 0.76 $ 0.70
Fully Diluted Earnings Per Share    
Weighted Average Number of Diluted Shares (in shares) 39,210 38,354
Fully Diluted Earnings Per Common Share (in dollars per share) $ 0.76 $ 0.70
Dividends declared per common share (in dollars per share) $ 0.5040 $ 0.4655
GOLDEN STATE WATER COMPANY    
Operating Revenues    
Water $ 113,110 $ 102,003
Total operating revenues 113,110 102,003
Operating Expenses    
Water purchased 21,360 16,308
Power purchased for pumping 3,297 3,149
Groundwater production assessment 5,527 5,679
Supply cost balancing accounts 77 287
Other operation 7,144 6,675
Administrative and general 17,754 17,657
Depreciation and amortization 10,659 9,824
Maintenance 2,074 2,004
Property and other taxes 6,520 5,624
Utilities Operating Expense, Total 74,412 67,207
Operating Income 38,698 34,796
Other Income and Expenses    
Interest expense (9,392) (9,328)
Interest income 478 1,272
Other, net (537) (320)
Total other income and expenses, net (9,451) (8,376)
Income before income tax expense 29,247 26,420
Income tax expense 7,564 6,514
Net Income $ 21,683 $ 19,906