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Water purchased at other companies

Artesian Resources logo
Artesian ResourcesARTNA
$350K-6.7%
Middlesex Water Company logo
Middlesex Water CompanyMSEX
$1.94M+1.8%
Middlesex Water Company logo
Middlesex Water CompanyMSEX
$0
Essential Utilities logo
Essential UtilitiesWTRG
$302.5K+7.6%
Ecolab logo
EcolabECL
$19.1M
Franklin Electric logo
Franklin ElectricFELE
$200K+100%

Other financials

Income statement

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Revenue$181.3M+11.2%
Gross profit$149.4M+10.5%
Operating income$64.0M+25.5%
Net income$43.3M+28.4%
EPS (diluted)$1.09+25.3%

Balance sheet

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Cash & equivalents$21.7M+7.0%
Total debt$725.3M-9.0%
Total equity$1.1B+15.3%
Total assets$2.8B+6.3%

Cash flow

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Operating cash flow$44.9M-30.4%
CapEx$48.5M-4.7%
Free cash flow$22.6M+200%

Valuation

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Market cap$3.46B+18.0%
Enterprise value$4.17B+12.3%
P/E24.2×+0.7×
P/S+0.2×

Profitability

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Gross margin90.8%0.0pp
Operating margin31.8%+1.0pp
Net margin20.5%+0.3pp
FCF margin-13.9%-1.6pp

Returns & leverage

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Return on equity13.7%-0.2pp
Debt / equity0.6×-0.2×
Current ratio-0.6×

Where this comes from

Reported directly by American States Water in its filing.

Tagged under the XBRL concept awr:UtilitiesOperatingExpenseWaterPurchased.

The source filing: American States Water’s 10-K, filed February 18, 2026.

Filed
Feb 18, 2026, 4:35 PM EST
Fiscal year
FY2025
Accession
0001628280-26-009114
(in thousands, except per share amounts)For the years ended December 31, 2025For the years ended December 31, 2024For the years ended December 31, 2023
Contracted services136,742126,404120,394
Total operating revenues658,073595,459595,699
Operating Expenses
Water purchased98,22474,27472,864
Power purchased for pumping14,07615,02512,829
Groundwater production assessment21,48924,14520,850
Power purchased for resale18,11011,63013,275
Supply cost balancing accounts(5,014)(1,894)12,118

Item 8. Financial Statements and Supplementary Data

FAQ

What is American States Water's water purchased?
American States Water (AWR) reported water purchased of $24.56M in Q4 2025.
How has American States Water's water purchased changed year-over-year?
American States Water's water purchased increased by 32.2% year-over-year, from $18.57M to $24.56M.
What is the long-term trend for American States Water's water purchased?
Over 4 years (2021 to 2025), American States Water's water purchased has grown at a 6.0% compound annual growth rate (CAGR), from $77.91M to $98.22M.
What does water purchased mean?
Water purchased as reported by American States Water Company.

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