the much, so Thank Great. X. to talking about on Slide deck start you Marty. going slide I'm
you traditional and results, want in have to this I'll along, a if follow just of you highlight of of results. front is And the table a you. few slide key copy If deck our
mentioned, from our the a That year the almost million per for Marty net up little of Earnings per XXXX. share was again, mentioned million, was over was XXXX. earnings that it As the was a year. $X.XX, Marty record, for over XX% from share $XXX was up year the And the bit $XX.X XX% before. up X% that from CapEx income
$X.XX versus For the $XX.X the prior and year period, in talk did $XX.X We in $X.XX quarter, about share income also the of million we'll time. at million prior see fourth per earnings briefly. of versus the same which increased net
talk increase led So let the financial a primarily on me result X. the the The highlights little of adoption and California this to Rate due Slide was General Case. bit what about to
a rate we final As us rate was waiting our on those at any results The third case correct. on to of year we quarter. had be of for case throughout been final what you changes what decision the that December be the know, X were be to and changes out that to from adopted book end the anticipated without material turned expected following the of that rate or adopted did, in case who have third quarter, was
associated those purchase the So a higher the expense. course revenue our purchase purchase income. And allowed the water case cost balancing accounts that bit modified account when came we're added with of have really during little power items we associated to the revenue net purchase power. and and XXXX, to It rate with in adopted book the also or lowered balancing water,
was expense the are a earnings And factor outside rate is and case within really what for rate so that's effective increased that is both One what and you'll between water the really see year. other what big revenue rates. income -- the tax factor case lower margin our that
with So X-year deferred within customers Job we a is about the lower program tax period. a case, excess And in and rate rate associated Tax to returning planned Cuts the federal our Act. over that are the taxes
then the for $XXX.X So investment, completion the systems, and and purposes, we Rate see water the case rate tax the Reliability that is I that directly Palos exceeded maintenance Marty on you'll the Cases fourth tax our earnings we're the back Water of Supply lower mainline our capital and year including but tax for was again, the to in deductions. and And item is improvements, second replacements we capital revenue have able have our estimate general quarter. and repairs Verdes that to enough exceeded and for this added the expense that highlight in million the Project. And to lower in for to goes And Peninsula within our income mentioned just expectations what customers. treatment expense
offset about, do our increases talked detail fourth factors increased quarter, of over by the normal the the same tax cost and in as repairs won't referred the don't. of general mechanisms, the followed rate difference XXXX, the that treatment. as regulatory through you you increases that's repairs the modified other see, But And and XXXX account tax That's operating have bridges some I case, general balancing X factors general between the normally We see as can and to. you increases. that the there. I bridge the deductions, XX. in these Slide cost by and go I I bulk on from For rate can traditional rate the earnings go
of as this moment, quarters, doing the talk for talk want makes and about breakdown, did some we'll our money, last to I I've company give and understanding XXXX. for So XXXX context for the couple a earnings been about how and take about
operations normal to some of more earnings company COVID, And regulated costs we and were a just through XX, good sense expense if about obviously, getting costs, expect see this taxes outside year. higher and in had that the in down was and GRC-adopted costs, income travel in -- with So adding to lockdown talk and difference and was see we But you case. rate services we employees is bad you'll we'll as some were we associated from our lower next out training. other to the differences have some we rate on lower really a in as slide, revert on to next depreciation estimated We in a is million. particular, that case travel later bad. timing below, and due were you debt the not $XX the in if the net training places due adopted on XXXX, did see, property call. back California see in California to COVID, for In adopted recorded that Slide -- the And that than detail some this
I what Plans Rate of the of Finally, regulated recognition Case, million. income. million sort of added $X.X added the of would California on earnings, the And core year was Benefits outside our up of income call, outside going came AFUDC million, regulated the the from outside to of mark-to-market $X.X for net net California activities our $X equity additional Investments our
and non-regulated in activities what repairs in added treatment was million million Our the added the $X.X tax California. above general rate case allowed $X.X
XXXX. So moving to
expect walk-through a a of bit to of for about variables kind what about little XXXX. Just the a to what think and
have the step well inclusion in our Palos of the a rates. as as We had rate in increase California pipeline Verdes
And so have of million. rate billion, net income that an California regulated $X.X we believe us gives of and base we $XX.X adopted that in
taxes new the those additions. depreciation year Now we depreciation a property higher as record facility. likely I due are to the year mentioned, install We be following, that to in and beginning plant XXXX the
to We, to delayed continue likely as to we case We're some happened what Our through in a in collections most positions least with that for least that were will hire states. moratorium through Part that bad authorized June the of and debt issue. case at decide to of hiring rate the how quarter have XXXX other Commission at wages. we was finally positions some the delay, in uncertain XXXX, in of California and the expense through process under due associated authorized because going rate XXXX. was, add will first therefore,
construction what to progress, of then And is expect, had and the completion regulated, our are we and Our have will work we a is they as And progress AFUDC, as period projects Benefits that year-to-year. aware, construction this XXXX. unknown The we've going of company, on time the perform, analysts from of outside are progress XXXX this time this some quarter-to-quarter in AFUDC the performed which XXXX, have for in work always just balance well in XXXX. states and they those projects to be unbilled on is believe of we vary were mean in Plans less mark-to-market core major that the of revenue lower how recognized to sitting a Investments we're other just sure likely to over in there long after in because recognition in make past. similarly for we do major in
have some finally, was which that piece, of XXXX. XXXX, going by activities that in in nonregulated repairs income variability. Our then determined effect earnings our last the state which tax And the to added completion be deduction, to construction net is
another So for company. the variable that's
So my to explanation that for the our response. little Marty for about of I'm a and to turn details it is talk pandemic on outlook XXXX. XXXX earnings bit quick And of now over outlook to going COVID-XX
