Filing Flows › Essential Utilities (WTRG) › Q1 2025
Essential Utilities (WTRG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Essential Utilities (WTRG) reported revenue of $784M for the first quarter 2025 (Q1 2025), +28% from a year earlier and +30% from the quarter before. Operating margin was 43.2%, net earnings $284M (36.2% of revenue).
Essential Utilities, Q1 2025: revenue $784M (+28% year over year), operating margin 43.2%, net earnings $284M, operating cash flow $300M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $784M | +30% | +28% |
| Operating profit | $339M | +50% | +47% |
| Net earnings | $284M | +54% | +7% |
| Operating cash flow | $300M | +103% | +24% |
What changed
Revenue was $783.6M in Q1 2025, up 28% year over year and up 30% from the previous quarter. Regulated Natural Gas was the largest line at 60% of revenue. Regulated Natural Gas added $146.5M year over year (up 45%), 85% of the total change.
Operating profit was $338.9M, a 43.2% margin (up 5.6 points year over year). Of the extra revenue versus a year earlier, 63% reached operating profit, above the 38% margin then. Total costs grew 17% against revenue growth of 28%. Net earnings were $283.8M, up 7% year over year. The effective tax rate was -7.8%.
Operating cash flow was $299.5M (up 24% year over year), 106% of net earnings. Non-cash charges added back $99.4M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $86.3M.
Questions
What was Essential Utilities' revenue in the first quarter 2025?
Essential Utilities (WTRG) reported revenue of $784M for the first quarter 2025 (Q1 2025), +28% from a year earlier and +30% from the quarter before.
Was Essential Utilities profitable in the first quarter 2025?
Operating profit was $339M (43.2% of revenue) and net earnings $284M.