American States Water Co. (AWR:US), a California-based water service and electricity provider, reported third-quarter net income of $18.7 million, almost 20 percent higher than a year earlier.
Earnings per share for the period compared with a year ago advanced 17 percent, the San Dimas-based utility said today in a statement. Operating revenue for the quarter from the company’s water and electric operations was $133.5 million, it said, higher than analysts’ estimates of $124.4 million.
American States Water is the parent of Golden State Water Company and American States Utility Services Inc. Its shares have risen almost 25 percent this year.
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