CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities:
Net income	$ 73,222	$ 60,534
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	26,045	23,791
Provision for doubtful accounts	1,145	1,153
Deferred income taxes and investment tax credits	1,055	4,446
Stock-based compensation expense	3,274	3,066
(Gain) loss on investments held in a trust	(3,058)	(2,161)
Other — net	413	534
Changes in assets and liabilities:
Accounts receivable — customers	(4,492)	(5,638)
Unbilled receivable	(2,907)	1,894
Other receivables	1,978	1,321
Receivables from the U.S. government	10,670	3,738
Materials and supplies	(2,144)	(752)
Prepayments and other assets	(3,368)	(3,152)
Contract assets	1,535	(1,772)
Regulatory assets/liabilities	24,197	11,417
Accounts payable	(6,432)	468
Income taxes receivable/payable	(2,916)	13,559
Contract liabilities	(1,056)	4,625
Accrued pension and other postretirement benefits	(319)	734
Other liabilities	(289)	(8,169)
Net cash provided (used)	116,553	109,636
Cash Flows From Investing Activities:
Capital expenditures	(97,561)	(118,481)
Other investing activities	869	147
Net cash provided (used)	(96,692)	(118,334)
Cash Flows From Financing Activities:
Proceeds from issuance of Common Shares, net of issuance costs	39,878	25,590
Receipt of advances for and contributions in aid of construction	9,523	4,532
Refunds on advances for construction	(3,276)	(3,799)
Repayments of long-term debt	(285)	(272)
Proceeds from the issuance of long-term debt, net of issuance costs	0	149,241
Net changes in notes payable to banks	(22,000)	(136,000)
Dividends paid	(39,494)	(35,688)
Other financing activities	(1,374)	(1,320)
Net cash provided (used)	(17,028)	2,284
Net change in cash and cash equivalents	2,833	(6,414)
Cash and cash equivalents, beginning of period	18,824	26,661
Cash and cash equivalents, end of period	21,657	20,247
Non-cash transactions:
Accrued payables for investment in utility plant	39,338	36,530
Property installed by developers and conveyed	2,409	14,659
GOLDEN STATE WATER COMPANY
Cash Flows From Operating Activities:
Net income	57,784	48,046
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	21,962	20,209
Provision for doubtful accounts	947	865
Deferred income taxes and investment tax credits	1,953	2,431
Stock-based compensation expense	3,059	2,826
(Gain) loss on investments held in a trust	(3,058)	(2,161)
Other — net	287	394
Changes in assets and liabilities:
Accounts receivable — customers	(4,981)	(4,576)
Unbilled receivable	(5,021)	(2,923)
Other receivables	(86)	618
Materials and supplies	103	618
Prepayments and other assets	(1,201)	(1,608)
Regulatory assets/liabilities	18,011	13,175
Accounts payable	(4,165)	(338)
Receivable/payable from/to affiliate	915	104
Income taxes receivable/payable	(93)	13,180
Accrued pension and other postretirement benefits	(394)	666
Other liabilities	(504)	(8,232)
Net cash provided (used)	85,518	83,294
Cash Flows From Investing Activities:
Capital expenditures	(85,233)	(101,079)
Other investing activities	432	125
Net cash provided (used)	(84,801)	(100,954)
Cash Flows From Financing Activities:
Proceeds from issuance of Common Shares, net of issuance costs	0	50,005
Receipt of advances for and contributions in aid of construction	9,523	4,532
Refunds on advances for construction	(3,276)	(3,799)
Repayments of long-term debt	(285)	(272)
Proceeds from the issuance of long-term debt, net of issuance costs	0	99,432
Net changes in notes payable to banks	25,000	(115,000)
Dividends paid	(31,500)	(18,000)
Other financing activities	(1,227)	(1,183)
Net cash provided (used)	(1,765)	15,715
Net change in cash and cash equivalents	(1,048)	(1,945)
Cash and cash equivalents, beginning of period	9,964	11,338
Cash and cash equivalents, end of period	8,916	9,393
Non-cash transactions:
Accrued payables for investment in utility plant	38,466	34,051
Property installed by developers and conveyed	$ 2,409	$ 14,659