Filing Flows › American States Water (AWR) › Q2 2026
American States Water (AWR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
American States Water (AWR) reported revenue of $181M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +7% from the quarter before. Operating margin was 35.3%, net earnings $43.3M (23.9% of revenue).
American States Water, Q2 2026: revenue $181M (+11% year over year), operating margin 35.3%, net earnings $43.3M, operating cash flow $44.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $181M | +7% | +11% |
| Operating profit | $64.0M | +25% | +26% |
| Net earnings | $43.3M | +44% | +28% |
| Operating cash flow | $44.9M | -37% | -30% |
What changed
Revenue was $181.3M in Q2 2026, up 11% year over year and up 7% from the previous quarter.
Operating profit was $64.0M, a 35.3% margin (up 4.0 points year over year). Of the extra revenue versus Q2 2025, 71% reached operating profit, above the 31% margin then. Total costs grew 5% against revenue growth of 11%. The fastest-growing cost line was Cost of revenue (+30%). Net earnings were $43.3M, up 28% year over year. The effective tax rate was 25.1%.
Operating cash flow was $44.9M (down 30% year over year), 104% of net earnings. Non-cash charges added back $13.1M of depreciation and amortization and $321K of share-based compensation. Working capital and other items used $11.7M. Capital expenditures of $48.5M exceeded it, leaving free cash flow of −$3.6M.
Questions
What was American States Water's revenue in the second quarter 2026?
American States Water (AWR) reported revenue of $181M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +7% from the quarter before.
Was American States Water profitable in the second quarter 2026?
Operating profit was $64.0M (35.3% of revenue) and net earnings $43.3M.