Filing Flows › Essential Utilities (WTRG) › Q2 2025
Essential Utilities (WTRG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Essential Utilities (WTRG) reported revenue of $515M for the second quarter 2025 (Q2 2025), +19% from a year earlier and -34% from the quarter before. Operating margin was 36.0%, net earnings $108M (20.9% of revenue).
Essential Utilities, Q2 2025: revenue $515M (+18% year over year), operating margin 36.0%, net earnings $108M, operating cash flow $272M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $515M | -34% | +19% |
| Operating profit | $185M | -45% | +28% |
| Net earnings | $108M | -62% | +43% |
| Operating cash flow | $272M | -9% | +47% |
What changed
Revenue was $514.9M in Q2 2025, up 19% year over year and down 34% from the previous quarter. Regulated Water was the largest line at 53% of revenue. Regulated Natural Gas added $49.1M year over year (up 38%), 61% of the total change.
Operating profit was $185.3M, a 36.0% margin (up 2.5 points year over year). Of the extra revenue versus a year earlier, 50% reached operating profit, above the 33% margin then. Total costs grew 14% against revenue growth of 19%. Net earnings were $107.8M, up 43% year over year. The effective tax rate was 4.1%.
Operating cash flow was $272.3M (up 47% year over year), 253% of net earnings. Non-cash charges added back $103.5M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items added $56.7M.
Questions
What was Essential Utilities' revenue in the second quarter 2025?
Essential Utilities (WTRG) reported revenue of $515M for the second quarter 2025 (Q2 2025), +19% from a year earlier and -34% from the quarter before.
Was Essential Utilities profitable in the second quarter 2025?
Operating profit was $185M (36.0% of revenue) and net earnings $108M.