American States Water Company AWR reported first-quarter 2016 pro forma earnings of 28 cents per share, which lagged the Zacks Consensus Estimate of 34 cents by 17.6% and the year-ago figure of 32 cents by 12.5%.The year-over-year decline was primarily due to lower contribution from its Water and Contracted Services segments.American States Water Company (AWR) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompanyRevenueIn the reported quarter, American States Water’s operating revenues were $93.5 million, lagging the Zacks Consensus Estimate of $104 million by 10.1%. The top line also decreased 7.3% year over year.Operational UpdateIn the quarter under review, American States Water’s total operating expenses were $72.3 million, down 4.9% year over year. Administrative and general expenses were up 6.7% year over year to $20.7 million.American States Water’s interest expenses were $5.6 million, up 5.7% year over year.Financial UpdateAs of Mar 31, 2016, American States Water’s cash and cash equivalents were $ 8.5 million compared with $4.3 million as of Dec 31, 2015.As of Mar 31, 2016, long-term debts were $320.9 million, flat with year-ago levels.Net cash from operating activities in first-quarter 2016 was $27.6 million, down from $38.4 million in the year-ago period.Other Company ReleasesAqua America Inc. WTR reported first-quarter 2016 earnings per share of 29 cents, a penny above the Zacks Consensus Estimate.California Water Service Group CWT announced first-quarter 2016 operating loss of 2 cents per share while the Zacks Consensus Estimate was earnings of 3 cents. This translates to a negative surprise of 166.7%.SJW Corp.’s SJW first-quarter 2016 operating earnings per share of 16 cents, short of the Zacks Consensus Estimate of 21 cents by 23.8%.Zacks RankAmerican States Water currently has a Zacks Rank #3 (Hold).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CALIF WATER SVC (CWT): Free Stock Analysis Report SJW CORP (SJW): Free Stock Analysis Report AQUA AMER INC (WTR): Free Stock Analysis Report AMER STATES WTR (AWR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research