Filing Flows › American States Water (AWR) › Q1 2025
American States Water (AWR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
American States Water (AWR) reported revenue of $148M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +3% from the quarter before. Operating margin was 30.8%, net earnings $26.8M (18.1% of revenue).
American States Water, Q1 2025: revenue $148M (+9% year over year), operating margin 30.8%, net earnings $26.8M, operating cash flow $45.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $148M | +3% | +9% |
| Operating profit | $45.5M | +18% | +17% |
| Net earnings | $26.8M | -6% | +16% |
| Operating cash flow | $45.1M | -30% | -2% |
What changed
Revenue was $148.0M in Q1 2025, up 9% year over year and up 3% from the previous quarter.
Operating profit was $45.5M, a 30.8% margin (up 2.0 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 29% margin then. Total costs grew 6% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $26.8M, up 16% year over year. The effective tax rate was 24.0%.
Operating cash flow was $45.1M (down 2% year over year), 168% of net earnings. Non-cash charges added back $11.8M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $3.6M. Capital expenditures of $67.6M exceeded it, leaving free cash flow of −$22.5M.
Questions
What was American States Water's revenue in the first quarter 2025?
American States Water (AWR) reported revenue of $148M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +3% from the quarter before.
Was American States Water profitable in the first quarter 2025?
Operating profit was $45.5M (30.8% of revenue) and net earnings $26.8M.