American States Water (AWR) Operating Expenses (2010 - 2025)
American States Water (AWR) posted quarterly Operating Expenses of $119.2 million for Q4 2025, up 14.21% year-over-year from $104.4 million in Q4 2024, and down 1.44% quarter-over-quarter from $121.0 million in Q3 2025.
American States Water (AWR) Operating Expenses (2010 - 2025) Analysis & Trends
American States Water (AWR) has reported Operating Expenses for 16 consecutive years, with $119.2 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses rose 14.21% year-over-year to $119.2 million; the TTM figure through Dec 2025 stood at $454.8 million (up 10.66% YoY), while the FY2025 annual figure was $454.8 million, up 10.66% from the prior year.
- Operating Expenses fell to $119.2 million in Q4 2025 per AWR's latest filing, from $121.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $121.0 million in Q3 2025 and bottomed at $84.2 million in Q1 2022.
- Historically, Operating Expenses has averaged $99.4 million across 5 years, with a median of $98.1 million in 2022.
- Annual changes were most pronounced in 2023 — Operating Expenses surged 30.94% — and 2024, when it dropped 12.68%.
- American States Water's Operating Expenses stood at $86.6 million in 2021, then rose by 12.87% to $97.8 million in 2022, then fell by 7.62% to $90.3 million in 2023, then grew by 15.62% to $104.4 million in 2024, then climbed by 14.21% to $119.2 million in 2025.
- Business Quant data shows AWR's Operating Expenses at $119.2 million in Q4 2025, $121.0 million in Q3 2025, and $112.1 million in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.62 Bn | 26.43 Bn | - | 813.00 Mn |
| 2 | Essential Utilities | 11.34 Bn | 11.33 Bn | - | 337.58 Mn |
| 3 | American States Water | 3.37 Bn | 3.35 Bn | 278.03 Mn | 119.24 Mn |
| 4 | California Water Service | 3.02 Bn | 2.93 Bn | 263.45 Mn | 237.70 Mn |
| 5 | H2O America | 2.61 Bn | 2.50 Bn | 197.11 Mn | 167.72 Mn |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | 38.13 Mn |
| 7 | York Water | 517.01 Mn | 516.45 Mn | - | 13.71 Mn |
| 8 | Consolidated Water | 515.68 Mn | 389.35 Mn | 10.92 Mn | 9.10 Mn |
| 9 | Artesian Resources | 361.44 Mn | 357.18 Mn | 26.56 Mn | 21.50 Mn |
| 10 | Pure Cycle | 275.03 Mn | 266.59 Mn | 4.29 Mn | 2.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 119.24 Mn |
| Sep 30, 2025 | 120.98 Mn |
| Jun 30, 2025 | 112.11 Mn |
| Mar 31, 2025 | 102.47 Mn |
| Dec 31, 2024 | 104.41 Mn |
| Sep 30, 2024 | 106.71 Mn |
| Jun 30, 2024 | 103.58 Mn |
| Mar 31, 2024 | 96.28 Mn |
| Dec 31, 2023 | 90.30 Mn |
| Sep 30, 2023 | 99.95 Mn |
| Jun 30, 2023 | 98.46 Mn |
| Mar 31, 2023 | 110.26 Mn |
| Dec 31, 2022 | 97.75 Mn |
| Sep 30, 2022 | 94.64 Mn |
| Jun 30, 2022 | 88.29 Mn |
| Mar 31, 2022 | 84.21 Mn |
| Dec 31, 2021 | 86.61 Mn |
| Sep 30, 2021 | 93.97 Mn |
| Jun 30, 2021 | 90.57 Mn |
| Mar 31, 2021 | 86.73 Mn |