American States Water (AWR) Operating Expenses (2010 - 2025)
American States Water (AWR) reported 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% on a QoQ basis from $121.0 million in Q3 2025.
American States Water (AWR) has 16 years of Operating Expenses data on file, last reported at $119.2 million in Q4 2025.
- Quarterly Operating Expenses rose 14.21% year-over-year to $119.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $454.8 million (up 10.66% YoY) and the FY2025 annual result came in at $454.8 million, up 10.66% from the prior year.
- Operating Expenses eased 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.
- The 5-year median for Operating Expenses is $98.1 million (2022), against an average of $99.4 million.
- The widest annual swing landed in 2023, when Operating Expenses soared 30.94%; it then decreased 12.68% in 2024.
- Tracing AWR's Operating Expenses over 5 years: stood at $86.6 million in 2021, then climbed by 12.87% to $97.8 million in 2022, then slipped by 7.62% to $90.3 million in 2023, then gained by 15.62% to $104.4 million in 2024, then rose by 14.21% to $119.2 million in 2025.
- Per Business Quant, the three latest AWR Operating Expenses figures stand at $119.2 million (Q4 2025), $121.0 million (Q3 2025), and $112.1 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 24.16 Bn | 24.02 Bn | 714.00 Mn | 816.00 Mn |
| 2 | Aris Mining | 20.33 Bn | 19.86 Bn | 233.28 Mn | -7.90 Mn |
| 3 | Essential Utilities | 10.48 Bn | 10.40 Bn | 685.96 Mn | 551.12 Mn |
| 4 | American States Water | 2.94 Bn | 2.93 Bn | 104.19 Mn | 119.24 Mn |
| 5 | California Water Service | 2.58 Bn | 2.48 Bn | 183.34 Mn | 196.41 Mn |
| 6 | H2O America | 2.18 Bn | 2.03 Bn | 171.30 Mn | 145.87 Mn |
| 7 | Middlesex Water | 959.61 Mn | 957.57 Mn | 25.70 Mn | 35.61 Mn |
| 8 | Consolidated Water | 465.28 Mn | 344.14 Mn | 10.92 Mn | 10.68 Mn |
| 9 | York Water | 430.12 Mn | 430.12 Mn | 13.98 Mn | 13.72 Mn |
| 10 | Artesian Resources | 332.86 Mn | 328.60 Mn | 26.56 Mn | 21.50 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 |
| Dec 31, 2020 | 94.92 Mn |
| Sep 30, 2020 | 93.88 Mn |
| Jun 30, 2020 | 85.56 Mn |
| Mar 31, 2020 | 83.38 Mn |
| Dec 31, 2019 | 88.27 Mn |
| Sep 30, 2019 | 91.77 Mn |
| Jun 30, 2019 | 85.22 Mn |
| Mar 31, 2019 | 81.54 Mn |
| Dec 31, 2018 | 88.26 Mn |
| Sep 30, 2018 | 90.21 Mn |
| Jun 30, 2018 | 81.33 Mn |
| Mar 31, 2018 | 76.04 Mn |
| Dec 31, 2017 | 82.22 Mn |
| Sep 30, 2017 | 85.88 Mn |
| Jun 30, 2017 | 71.17 Mn |
| Mar 31, 2017 | 74.23 Mn |
| Dec 31, 2016 | 85.23 Mn |
| Sep 30, 2016 | 84.19 Mn |
| Jun 30, 2016 | 80.18 Mn |
| Mar 31, 2016 | 72.29 Mn |
| Dec 31, 2015 | 88.23 Mn |
| Sep 30, 2015 | 91.79 Mn |
| Jun 30, 2015 | 84.09 Mn |
| Mar 31, 2015 | 76.04 Mn |
| Dec 31, 2014 | 84.50 Mn |
| Sep 30, 2014 | 98.43 Mn |
| Jun 30, 2014 | 84.64 Mn |
| Mar 31, 2014 | 79.18 Mn |
| Dec 31, 2013 | 88.27 Mn |
| Sep 30, 2013 | 94.75 Mn |
| Jun 30, 2013 | 87.40 Mn |
| Mar 31, 2013 | 82.59 Mn |
| Dec 31, 2012 | 90.42 Mn |
| Sep 30, 2012 | 97.41 Mn |
| Jun 30, 2012 | 84.46 Mn |
| Mar 31, 2012 | 83.53 Mn |
| Dec 31, 2011 | 80.52 Mn |
| Sep 30, 2011 | 87.29 Mn |
| Jun 30, 2011 | 80.69 Mn |
| Mar 31, 2011 | 76.31 Mn |
| Dec 31, 2010 | 87.91 Mn |
| Sep 30, 2010 | 94.40 Mn |
| Jun 30, 2010 | 74.33 Mn |