California Water Service Group

California Water Service Group is a holding company, which engages in provision of water utility and other related services in California, Washington, New Mexico, and Hawaii through its wholly-owned subsidiaries. The firm is involved in the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The company was founded in 1926 and is headquartered in San Jose, CA.

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California Water Service Group reports record performance amidst supply chain challenges

California Water Service Group (CWT) navigated challenges in supply chain disruptions and regulatory matters to achieve a record quarter and year in Q4 2022.
The company's focus on business development outside California and commitment to infrastructure investments highlight strategic growth initiatives.
Despite a decrease in EPS for 2022, CWT remains optimistic about future business development opportunities, especially in the water and wastewater sectors.
Leadership changes, supply chain challenges, and ongoing regulatory discussions shape CWT's operational landscape, with a focus on resilience and growth.

California Water Service Group reports Q1 challenges, eyes growth opportunities

California Water Service Group faces revenue challenges in Q1 2023 due to weather and regulatory gaps but maintains a focus on growth and efficiency.
Despite market complexities, CWT is leveraging partnerships, acquisitions, and favorable rate-making processes to drive strategic expansion.
Operational challenges persist amidst regulatory uncertainties, emphasizing the need for transparency and adaptability in decision-making.
The company's proactive stance on ESG initiatives and compliance underscores a commitment to sustainability and regulatory compliance.

California Water Service Group reports Q2 earnings decline, eyes growth

California Water Service Group faced challenges with delayed revenue decisions and the California general rate case, impacting operating revenue in Q2 2023.
Despite these challenges, the company demonstrated strengths in significant capital investments and proactive steps to enhance financial performance.
Opportunities lie in executing the business plan effectively, leveraging the filed advice letter to increase operating revenues, and upcoming insights from the Q3 earnings call.

California Water Service Group navigates challenges, eyes growth opportunities

California Water Service Group faced challenges from the delayed rate case but maintained strong liquidity and robust capital investments.
The company's performance in Q3 2023 showcased resilience amidst challenges, with a focus on growth and shareholder value.
Anticipation for future dividend increases, strategic acquisitions, and continued growth in 2024 highlight the company's positive outlook.

California Water Service Group reports mixed 2023 results, focuses on resilience and growth

California Water Service Group navigated financial challenges in 2023, focusing on capital investments, regulatory proceedings, and customer service.
Despite setbacks, the company demonstrated resilience, operational excellence, and a proactive approach to addressing climate change and regulatory uncertainties.
Opportunities lie in strategic investments, ESG initiatives, and maintaining a customer-centric approach to drive long-term growth and sustainability.
Balancing financial performance with regulatory compliance and infrastructure needs will be key for California Water Service Group's future success and resilience.

California Water Service Group reports robust Q1 earnings and navigates regulatory challenges

California Water Service Group (CWT) delivered strong financial results in Q1 2024, driven by revenue growth and improved earnings. The company is focused on sustainable growth, compliance, and strategic financial management.
While facing challenges such as PFAS treatment implementation and regulatory uncertainties, CWT is proactively addressing these issues to mitigate risks and capitalize on market opportunities.
Opportunities lie in leveraging expertise in PFAS treatment, assisting water systems with compliance challenges, and enhancing shareholder value through dividend growth and strategic financial initiatives.

California Water Service Group reports stellar Q2 results and ESG leadership

California Water Service Group's Q2 2024 performance reflects a robust financial outlook, driven by revenue growth, profitability, and strategic investments in infrastructure.
The company's emphasis on ESG initiatives and regulatory compliance positions it well for long-term sustainability and value creation.
While facing regulatory and operational challenges, CWT's proactive approach and strong financial foundation offer opportunities for growth and stakeholder engagement.

California Water Service Group posts robust Q3 results amid challenges

California Water Service Group (CWT) delivered strong financial results in Q3 2024, driven by new rates and rate structures, despite challenges in rising operating expenses.
The company's robust capital investments, stable capital structure, and consistent dividend payouts underscore its financial strength and commitment to shareholders.
Opportunities lie in strategic financing, proposed investments, and environmental leadership initiatives, positioning the company for continued growth and operational excellence.

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California Water Service Group is a holding company, which engages in the provision of water utility and other related services in California, Washington, New Mexico, and Hawaii through its wholly owned subsidiaries. The firm is involved in the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public, and irrigation uses, and fire protection. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The company was founded in 1926 and is headquartered in San Jose, CA.

California Water Service Group (CWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: California Water Service Group (CWT) Q3 Earnings Expected to Decline

California Water Service's (CWT) unit, Hawaii Water Service, gets the necessary nod to acquire the wastewater system assets of Keauhou Community Services, which will further expand its operation in the region.

California Water Service (CWT) Arm to Buy Keauhou Sewer Assets

WAIKOLOA, Hawaii, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), has received approval by the Hawaii Public Utilities Commission (HPUC) to acquire the wastewater system assets of Keauhou Community Services, Inc. (KCSI) and provide wastewater utility service to its customers.

Hawaii Water Service Receives HPUC Approval to Acquire Keauhou Wastewater System

SAN JOSE, Calif., Oct. 13, 2022 (GLOBE NEWSWIRE) -- The Great Place to Work® Institute has named California Water Service Group (Group) (NYSE: CWT) a Great Place to Work for 2022-2023, the utility announced today. This marks the seventh year in a row Group has earned this honor.

California Water Service Group Earns Great Place to Work® Recognition for Seventh Consecutive Year

SAN JOSE, Calif., Oct. 11, 2022 (GLOBE NEWSWIRE) -- California Water Service's Antelope Valley District led all water suppliers statewide in water savings during the month of August, saving 46.1% compared to August 2020. Company-wide, Cal Water customers also made strides, reducing water use for the fourth consecutive month and with 12 of the utility's districts making the state's list of water suppliers that achieved at least 15% in reductions.

California Water Service's Antelope Valley District Tops List of State's Water Savers in August; Utility Increases Select Rebates for Residential and Commercial Customers

California Water's (CWT) unit, Washington Water Service, gets the approval to acquire the assets of Stroh's Water Company and further expand its customer base.

California Water's (CWT) Arm Gets Nod to Acquire Stroh's Water

Utility has Operated Stroh's Water System Since Early 2021 Utility has Operated Stroh's Water System Since Early 2021

Washington Water Service Receives WUTC Approval to Acquire Stroh's Water Company

SAN JOSE, Calif., Oct. 04, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its Board has nominated Terry P. Bayer to assume the role of Lead Independent Director, effective immediately.

California Water Service Group Announces Board Appointments

Broad coalition of labor, environmental, business, consumer, and water groups supported bill that will help Californians conserve more water Broad coalition of labor, environmental, business, consumer, and water groups supported bill that will help Californians conserve more water

Cal Water Commends Governor Newsom's Signature on Important Water Conservation Bill SB 1469 (Bradford/Becker)

SAN JOSE, Calif., Sept. 29, 2022 (GLOBE NEWSWIRE) -- For the fourth month in a row, California Water Service (Cal Water) customers reduced their water use, with half of the utility's districts surpassing 15% in reductions in August. Company-wide, Cal Water reduced water use by 12.3% last month compared to August 2020.

California Water Service Sees Fourth Straight Month of Water Savings During August 2022, Led State With July Savings

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Why You Can Consider Looking At California Water Service Group

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SAN JOSE, Calif., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Together with its customers, California Water Service (Cal Water) achieved greater water use reductions over the preceding month for the third month in a row. As customers continued to heed the Governor's call to conserve water, Cal Water reduced water use company-wide by 12.4% in July 2022 compared to July 2020, with 10 of its districts saving more than 15%.

California Water Service Sees Third Consecutive Month of Increasing Conservation During July 2022

Broad coalition of labor, environmental, business, consumer, and water groups urge Governor Newsom to sign the bill. Broad coalition of labor, environmental, business, consumer, and water groups urge Governor Newsom to sign the bill.

Cal Water Applauds Passage of Important Water Conservation Bill SB 1469 (Bradford/Becker)

California Water Services' (CWT) unit, Texas Water Service, has entered into a long-term water supply agreement with the Guadalupe Blanco River Authority to expand its water supply pipeline in Texas.

California Water (CWT) Unit to Expand Water Supply Operation

SAN JOSE, Calif., Aug. 17, 2022 (GLOBE NEWSWIRE) -- As Californians have begun heeding the call for conservation amid the worsening drought, California Water Service (Cal Water) and its customers made strides in reducing water use across its service areas during June 2022. Company-wide, Cal Water reduced water use by 11.6% compared to June 2020, with seven of its districts among the top water-saving systems in the state.

California Water Service Districts Lead State in Water Savings During June 2022

California Water Service Group Subsidiary Texas Water Service, Majority Investor of BVRT Utility Holding Company, Grows Investment in Lone Star State California Water Service Group Subsidiary Texas Water Service, Majority Investor of BVRT Utility Holding Company, Grows Investment in Lone Star State

BVRT Utility Holding Company Subsidiary Enters into Long-Term Water Supply Agreement, Expanding Customer Growth Opportunities Near Austin, Texas

Grant Reduces Costs of Treatment for Customers Grant Reduces Costs of Treatment for Customers

California Water Service Secures More Than $4 Million in Funding From Water Replenishment District for PFOS, PFOA Removal in East Los Angeles

California Water's (CWT) second-quarter earnings lag estimates. California Water gains from investments to strengthen its infrastructure.

California Water (CWT) Q2 Earnings & Revenues Miss Estimates

California Water Service Group (NYSE:CWT ) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants David Healey - Vice President and Corporate Controller Thomas Smegal - Vice President, Chief Financial Officer Martin Kropelnicki - President and CEO Conference Call Participants Ben Kallo - Baird Operator Good morning and welcome to the California Water Service Group Quarter Two, 2022 Earnings Release Call. All lines have been placed on mute to prevent any background noise.

California Water Service Group (CWT) CEO Martin Kropelnicki on Q2 2022 Results - Earnings Call Transcript

California Water Service Group (CWT) delivered earnings and revenue surprises of -40% and 7.54%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

California Water Service Group (CWT) Q2 Earnings and Revenues Lag Estimates

SAN JOSE, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) ( “Group”) today announced net income attributable to Group of $19.5 million or $0.36 earnings per diluted common share for the second quarter of 2022, compared to net income attributable to Group of $38.2 million or $0.75 earnings per diluted common share for the second quarter of 2021.

California Water Service Group Announces Second Quarter 2022 Results

SAN JOSE, Calif., July 27, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) subsidiaries California Water Service (Cal Water) and Washington Water Service (Washington Water) have signed agreements to acquire the water system assets of two utilities near the companies' existing service areas. Cal Water intends to purchase King's Mountain Park Mutual Water Company (King's Mountain), while Washington Water intends to acquire Bethel Green Acres Water Association (Bethel Green Acres).

California Water Service Group Subsidiaries to Acquire Systems in California and Washington

SAN JOSE, Calif., July 27, 2022 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 310th consecutive quarterly dividend in the amount of $0.25 per common share. It will be payable on August 19, 2022 to stockholders of record on August 8, 2022.

California Water Service Group Board of Directors Declares 310th Consecutive Quarterly Dividend

SAN JOSE, Calif., July 27, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) announced on July 7, 2022 that its second quarter 2022 earnings results will be released at 9:00 a.m. ET with its conference call to follow at 11:00 a.m. ET on Thursday, July 28, 2022. Due to a change in outside vendor, Cal Water is providing updated dial-in information for the conference call below.

News for California Water Service Group Stock (CWT)