CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Operating Revenues
Water	$ 132,323	$ 124,043	$ 354,023	$ 324,732
Electric	13,332	9,040	41,262	29,948
Contracted services	37,061	28,699	98,510	97,681
Total operating revenues	182,716	161,782	493,795	452,361
Operating Expenses
Water purchased	27,745	24,059	67,964	55,788
Power purchased for pumping	4,454	4,996	11,157	11,349
Groundwater production assessment	6,972	6,971	18,776	17,643
Power purchased for resale	3,288	2,467	12,822	8,302
Supply cost balancing accounts	(367)	(381)	(2,219)	2,447
Other operation	11,782	11,021	34,582	31,377
Administrative and general	25,413	24,200	77,510	73,034
Depreciation and amortization	11,934	10,849	35,197	32,341
Maintenance	5,481	3,719	15,757	10,479
Property and other taxes	7,771	7,063	21,678	20,162
ASUS construction	16,510	11,750	42,333	43,649
Utilities Operating Expense, Total	120,983	106,714	335,557	306,571
Operating Income	61,733	55,068	158,238	145,790
Other Income and Expenses
Interest expense	(11,711)	(13,225)	(35,901)	(39,217)
Interest income	1,064	1,739	4,575	5,902
Other, net	3,006	2,308	6,411	6,169
Total other income and expenses, net	(7,641)	(9,178)	(24,915)	(27,146)
Income before income tax expense	54,092	45,890	133,323	118,644
Income tax expense	12,925	10,056	31,622	27,811
Net Income	$ 41,167	$ 35,834	$ 101,701	$ 90,833
Basic Earnings Per Common Share
Weighted Average Number of Common Shares Outstanding (in shares)	38,567	37,564	38,444	37,302
Basic Earnings Per Common Share (in dollars per share)	$ 1.06	$ 0.95	$ 2.64	$ 2.43
Fully Diluted Earnings Per Share
Weighted Average Number of Diluted Shares (in shares)	38,702	37,683	38,569	37,409
Fully Diluted Earnings Per Common Share (in dollars per share)	$ 1.06	$ 0.95	$ 2.63	$ 2.42
Dividends declared per common share (in dollars per share)	$ 0.5040	$ 0.4655	$ 1.4350	$ 1.3255
GOLDEN STATE WATER COMPANY
Operating Revenues
Water	$ 132,323	$ 124,043	$ 354,023	$ 324,732
Total operating revenues	132,323	124,043	354,023	324,732
Operating Expenses
Water purchased	27,745	24,059	67,964	55,788
Power purchased for pumping	4,454	4,996	11,157	11,349
Groundwater production assessment	6,972	6,971	18,776	17,643
Supply cost balancing accounts	7	(370)	663	2,062
Other operation	8,044	7,807	23,519	21,829
Administrative and general	16,632	16,554	50,241	49,464
Depreciation and amortization	10,085	9,070	29,804	27,147
Maintenance	2,601	2,209	7,429	6,247
Property and other taxes	6,364	5,901	17,698	16,625
Utilities Operating Expense, Total	82,904	77,197	227,251	208,154
Operating Income	49,419	46,846	126,772	116,578
Other Income and Expenses
Interest expense	(8,552)	(9,862)	(27,145)	(28,970)
Interest income	511	1,504	2,719	4,589
Other, net	2,783	2,306	5,471	5,897
Total other income and expenses, net	(5,258)	(6,052)	(18,955)	(18,484)
Income before income tax expense	44,161	40,794	107,817	98,094
Income tax expense	10,863	9,228	26,473	23,539
Net Income	$ 33,298	$ 31,566	$ 81,344	$ 74,555