Filing Flows › Essential Utilities (WTRG) › Q3 2025
Essential Utilities (WTRG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Essential Utilities (WTRG) reported revenue of $477M for the third quarter 2025 (Q3 2025), +10% from a year earlier and -7% from the quarter before. Operating margin was 35.6%, net earnings $92.1M (19.3% of revenue).
Essential Utilities, Q3 2025: revenue $477M (+10% year over year), operating margin 35.6%, net earnings $92.1M, operating cash flow $233M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $477M | -7% | +10% |
| Operating profit | $170M | -8% | +9% |
| Net earnings | $92.1M | -15% | +33% |
| Operating cash flow | $233M | -15% | +19% |
What changed
Revenue was $477.0M in Q3 2025, up 10% year over year and down 7% from the previous quarter. Regulated Water was the largest line at 63% of revenue. Regulated Water added $22.0M year over year (up 8%), 53% of the total change.
Operating profit was $169.8M, a 35.6% margin (unchanged year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, below the 36% margin then. Total costs grew 10% against revenue growth of 10%. Net earnings were $92.1M, up 33% year over year. The effective tax rate was 4.5%.
Operating cash flow was $232.5M (up 19% year over year), 253% of net earnings. Non-cash charges added back $107.1M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items added $28.4M.
Questions
What was Essential Utilities' revenue in the third quarter 2025?
Essential Utilities (WTRG) reported revenue of $477M for the third quarter 2025 (Q3 2025), +10% from a year earlier and -7% from the quarter before.
Was Essential Utilities profitable in the third quarter 2025?
Operating profit was $170M (35.6% of revenue) and net earnings $92.1M.