How did AWR's revenue and expenses shift in Q4 2024?

American States Water (AWR) experienced a notable increase in revenue, with a reported $143.1 million in the fourth quarter of 2024, compared to the previous quarter's revenue of $133.3 million. However, the cost of goods sold also rose, reaching $31.99 million in Q4 2024, up from $30.8 million in the previous quarter. Despite this, the company's operating expenses remained stable at approximately $26 million.