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American States Water posts higher earnings in Q4, FY'19 from SNL Energy Finance Daily American States Water posts higher earnings in Q4, FY'19Byline: S&P Global Market Intelligence American States Water Co. on Feb. 24 reported fourth-quarter 2019 earnings of 45 cents per share, up from 37 cents per share in the prior-year period. Net income was $16.7 million, an increase from $13.8 million in the comparable 2018 quarter. Operating revenues grew year over year to $113.0 million from $111.0 million, while operating income improved to $24.7 million from $22.7 million in the year-ago period. For the full year, the company posted earnings of $2.28 per share in 2019, up from $1.72 per share in the prior year. Net income was $84.3 million compared with $63.9 million in 2018. Operating revenues increased to $473.9 million from $436.8 million, while operating income rose to $127.1 million from $101.0 million a year ago. |
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