CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating Revenues
Water	$ 131,050	$ 119,697	$ 244,160	$ 221,700
Electric	13,626	12,928	32,283	27,930
Contracted services	36,614	30,441	74,038	61,449
Total operating revenues	181,290	163,066	350,481	311,079
Operating Expenses
Water purchased	23,543	23,911	44,903	40,219
Power purchased for pumping	3,699	3,554	6,996	6,703
Groundwater production assessment	7,270	6,125	12,797	11,804
Power purchased for resale	2,766	3,466	7,558	9,534
Supply cost balancing accounts	247	(136)	(71)	(1,852)
Other operation	12,034	12,310	23,302	22,800
Administrative and general	24,521	25,222	52,675	52,097
Depreciation and amortization	12,747	11,681	25,431	23,263
Maintenance	6,201	6,129	11,901	10,276
Property and other taxes	7,544	6,955	15,567	13,907
ASUS construction	16,747	12,890	34,080	25,823
Utilities Operating Expense, Total	117,319	112,107	235,139	214,574
Operating Income	63,971	50,959	115,342	96,505
Other Income and Expenses
Interest expense	(12,174)	(12,108)	(24,281)	(24,190)
Interest income	886	1,498	1,862	3,511
Other, net	5,070	3,576	4,650	3,405
Total other income and expenses, net	(6,218)	(7,034)	(17,769)	(17,274)
Income before income tax expense	57,753	43,925	97,573	79,231
Income tax expense	14,479	10,235	24,351	18,697
Net Income	$ 43,274	$ 33,690	$ 73,222	$ 60,534
Basic Earnings Per Common Share
Weighted Average Number of Common Shares Outstanding (in shares)	39,341	38,509	39,227	38,382
Basic Earnings Per Common Share (in dollars per share)	$ 1.10	$ 0.87	$ 1.86	$ 1.57
Fully Diluted Earnings Per Share
Weighted Average Number of Diluted Shares (in shares)	39,478	38,642	39,346	38,500
Fully Diluted Earnings Per Common Share (in dollars per share)	$ 1.09	$ 0.87	$ 1.86	$ 1.57
Dividends declared per common share (in dollars per share)	$ 0.5040	$ 0.4655	$ 1.0080	$ 0.9310
GOLDEN STATE WATER COMPANY
Operating Revenues
Water	$ 131,050	$ 119,697	$ 244,160	$ 221,700
Total operating revenues	131,050	119,697	244,160	221,700
Operating Expenses
Water purchased	23,543	23,911	44,903	40,219
Power purchased for pumping	3,699	3,554	6,996	6,703
Groundwater production assessment	7,270	6,125	12,797	11,804
Supply cost balancing accounts	185	369	262	656
Other operation	8,111	8,800	15,255	15,475
Administrative and general	15,337	15,952	33,091	33,609
Depreciation and amortization	10,733	9,895	21,392	19,719
Maintenance	3,005	2,824	5,079	4,828
Property and other taxes	6,198	5,710	12,718	11,334
Utilities Operating Expense, Total	78,081	77,140	152,493	144,347
Operating Income	52,969	42,557	91,667	77,353
Other Income and Expenses
Interest expense	(9,618)	(9,265)	(19,010)	(18,593)
Interest income	419	936	897	2,208
Other, net	4,973	3,008	4,436	2,688
Total other income and expenses, net	(4,226)	(5,321)	(13,677)	(13,697)
Income before income tax expense	48,743	37,236	77,990	63,656
Income tax expense	12,642	9,096	20,206	15,610
Net Income	$ 36,101	$ 28,140	$ 57,784	$ 48,046