Southwest Water Co. (SWWC) on Wednesday reported a wider net loss for the first quarter, as expenses increased year-over-year, in spite of an increase in operating revenues. The company reported a first-quarter net loss applicable to common stockholders of $3.23 million or $0.13 per share, sharply wider than a loss of $979 thousand or $0.04 per share reported in the same period last year.
Adjusted income from continuing operations increased to $649 thousand or $0.03 per share, from $68 thousand or $0.00 per share for the first quarter of 2008.
Operating revenue for the quarter increased to $52.40 million from $49.67 million in the first quarter of 2008.
For the Utilities segment, operating revenue increased 8% to $15.7 million from $14.6 million for the first quarter of 2008. At Texas Utilities segment, operating revenue increased 7% to $8.6 million from $8.0 million in the previous year. At the O&M Services segment, operating revenue rose to $8.6 million from $8.0 million for the first quarter of 2008. The Texas MUD Services segment generated first-quarter operating revenue of $19.0 million, higher than $17.5 million reported for the first quarter of 2008.
Total operating expenses increased to $55.59 million from $48.89 million in the prior year.
SWWC closed Tuesday's regular trade at $4.84, down from the previous close of $5.07, on 80,700 shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.