American States Water Co

The effects of a decrease in construction activity and higher overall operating expenses (excluding construction expenses) were partially offset by (i) an increase in management fee revenues resulting from the resolution of various economic price adjustments, and (ii) lower interest expense from lower borrowing levels.

SEC original ↗American States Water Co — Earnings release (8-K exhibit)EX-99Aug 6, 2025

AWR (Parent) For the three months ended June 30, 2025, diluted losses from AWR (parent) decreased by $0.01 per share when compared to the same period in 2024 due largely to a decrease in interest expense resulting from lower average interest rates, partially offset by higher borrowing levels under AWR s credit facility.

SEC original ↗American States Water Co — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Dividends On July 29, 2025, AWR s Board of Directors approved an 8.3% increase in the third quarter dividend to $0.5040 per share from $0.4655 per share on AWR s Common Shares.

SEC original ↗American States Water Co — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Dividends on the Common Shares will be paid on September 3, 2025 to shareholders of record at the close of business on August 15, 2025.

SEC original ↗American States Water Co — Earnings release (8-K exhibit)EX-99Aug 6, 2025

AWR has paid common dividends every year since 1931, and has increased the dividends received by shareholders each calendar year for 71 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result.

SEC original ↗American States Water Co — Earnings release (8-K exhibit)EX-99Aug 6, 2025

AWR has grown its quarterly dividend rate at a compound annual growth rate ( CAGR ) of 8.5% over the last five years since the third quarter of 2020 and is on pace to achieve a 10-year CAGR of 8.3% in its calendar year dividend payments through 2025.

SEC original ↗American States Water Co — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Any forward-looking statements you read in this Form 10-Q and the information incorporated herein by reference reflect our views as of their respective dates and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity.

SEC original ↗American States Water Co — 10-Q Quarterly report10-QAug 5, 2026

The forward-looking statements are subject to a number of estimates and assumptions, and known and unknown risks, uncertainties and other factors, including those described in greater detail in the company s filings with the SEC, particularly those described in the company s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

SEC original ↗American States Water Co — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Forward-looking statements address matters that involve risks and uncertainties.

SEC original ↗American States Water Co — 10-Q Quarterly report10-QAug 5, 2026

government; the ability of GSWC and BVES to recover their respective costs through regulated rates, including increased costs related to aging infrastructure, climate change risks, water quality compliance, renewable energy and greenhouse gas regulations, inflation, tariffs, supply chain disruptions and interest rate increases, while facing customer affordability concerns; our contracts for providing services on military bases are provided under long-term, fixed-price contracts subject to annual economic price adjustments and may be suspended or terminated by the U.

SEC original ↗American States Water Co — 10-Q Quarterly report10-QAug 5, 2026

If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate.

SEC original ↗American States Water Co — 10-Q Quarterly report10-QAug 5, 2026

Any forward-looking statements you read in this Form 10-Q and the information incorporated herein by reference reflect our views as of their respective dates and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity.

SEC original ↗American States Water Co — 10-Q Quarterly report10-QAug 5, 2026

Note 2 Revenues Most of Registrant s revenues are derived from contracts with customers, including tariff-based revenues from its regulated utilities at GSWC and BVES.

SEC original ↗American States Water Co — 10-Q Quarterly report10-QAug 5, 2026