美洲国家水务 2025年季度报告

Indicate by check mark whether Registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that Registrant was required to file such reports), and (2)has been subject to American States Water Company Indicate by check mark whether Registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or such shorter period that the Registrant was requiredto submit such files). American States Water Company Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule12b-2 of the Exchange Act. (Check one): American States Water Company Large accelerated filerxAccelerated filer¨Non-accelerated filer Golden State Water Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether Registrant is a shell company (as defined in Rule12b-2 of the Exchange Act) As of May6, 2025, the number of common shares, no par value (“Common Shares”) outstanding of American States Water Company was38,508,767. As of May6, 2025, all of the173.7586outstanding shares of common stock, no par value, of Golden State Water Company were Golden State Water Company meets the conditions set forth in General Instruction (H)(1)(a)and (b)of Form10-Q and is therefore filing thisForm, in part, with the reduced disclosure format for Golden State Water Company. Glossary of Terms Information Regarding Forward-Looking Statements PartIFinancial Information Item 1:Financial Statements Consolidated Balance Sheets of American States Water Company as of March 31, 2025 and December 31, GLOSSARY OF TERMS INFORMATION REGARDING FORWARD-LOOKING STATEMENTS This Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.These statements reflect the current views of our senior management with respect to future events and our financial performance. Thesestatements include forward-looking statements with respect to our business and industry in general. Statements that include the words “expect,”“intend,” “believe,” “estimate,” “may,” “can,” “will,” “likely,” “should,” “could,” “anticipate,” “plan” and similar statements of a future or •the impact of laws, regulations and policies of regulatory agencies or the U.S. government applicable to water, wastewater and electricutility operations; •the ability of GSWC and BVES to recover their respective costs through regulated rates, including increased costs associated withaddressing climate change risks, such as drought and wildfires in California, costs incurred in connection with complying with waterquality regulations, and increased costs of operation and maintenance and capital investments due to inflation, tariffs imposed, supply •customer dissatisfaction due to rising rates needed to recover the costs of replacing aging infrastructure, address climate change risks,comply with water quality, renewable energy and greenhouse gas regulations; •all contracts for providing services on military bases may be terminated or suspended at any time by the government;•ASUS is subject to potential government audits or investigations of its business practices and compliance with governmentprocurement statutes and regulations that could result in fines and penalties; •GSWC and BVES are subject to potential audit and investigations by the CPUC for failure to comply with regulations applicable topublic utilities, including failure to comply with state and federal water quality requirements, wildfire mitigation plans, renewable •we compete with other companies in bidding on providing utility services on military bases which involves estimating costs andpotential profits that may not be realized; •the impact of water quality and wastewater quality regulations on military bases; •asset or business acquisitions may not yield the anticipated benefits; •the impact of climate change and extreme weather events, including droughts, storms, high wind events, wildfires, flash flooding andother natural disasters, and the effects they could have on our operations; •our assets at our regulated utilities are subject to condemnation by municipalities and other governmental subdivisions;•increases in the costs of obtaining and complying with the terms of franchise agreements;•damage to our reputation or adverse publicity may lead to increased regulatory ove