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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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

Water companies are great investments. I invest capital in several of them, and I recently started looking at California Water. The company has potential fundamental upside - at least if we consider that Water companies are some of the safest companies around.

Why You Can Consider Looking At California Water Service Group

Artesian Resources

American States Water

Global Water Resources

Mueller Industries

Pentair

Xylem

Water stocks help investors focus on one of the most fundamental aspects of life on Earth. All organisms, including humans, need water to stay alive.

7 Best Clean Air and Water Stocks to Buy Now

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.

California Water Service Group Announces Updated Dial-in Information for Earnings Conference Call

California Water Service's (CWT) second-quarter results are likely to reflect the benefits of an increase in unbilled revenues, partly offset by an increase in operating expenses.

What to Expect From California Water (CWT) in Q2 Earnings?

Fire Departments in Utility's Service Areas Encouraged to Apply for Life-Saving Project, Equipment Funding Fire Departments in Utility's Service Areas Encouraged to Apply for Life-Saving Project, Equipment Funding

California Water Service Opens 2022 Firefighter Grant Program

SAN JOSE, Calif., July 19, 2022 (GLOBE NEWSWIRE) -- As part of its commitment to investing in the communities it serves, California Water Service Group (Group) (NYSE: CWT) has awarded $80,000 in scholarships to students living in its California, Hawaii, New Mexico, and Washington service areas for the 2022-2023 academic year.

California Water Service Group Awards $80,000 to 12 Students Pursuing Higher Education Through 2022 College Scholarship Program

CWT has grown its dividend for 55 consecutive years and hence it is a Dividend King. CWT is immune to recessions.

California Water Service: Still Richly Valued, Despite Its Correction

California Water's (CWT) unit, Hawaii Water Service, gets the approval to acquire the assets of HOH Utilities. California Water is likely to invest in infrastructure upgrades to provide quality services.

California Water (CWT) Arm Gets Nod to Acquire HOH Utilities

WAIKOLOA, Hawaii, July 06, 2022 (GLOBE NEWSWIRE) -- Hawaii Water Service (Hawaii Water) has received approval from the Hawaii Public Utilities Commission (Commission) to acquire the assets of HOH Utilities, LLC., moving the utility one step closer to establishing operations on Kauai. Hawaii Water is a subsidiary of California Water Service Group (Group) (NYSE: CWT).

Hawaii Water Service Receives Hawaii Public Utilities Commission Approval to Acquire HOH Utilities

California Water Service's (CWT) unit, Texas Water Service, in collaboration with BVRT Utility, further expands its customer base by closing the acquisition of Railyard Utility's wastewater system.

California Water (CWT) Arm, BVRT Duo Buys Wastewater System

SAN JOSE, Calif., June 22, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) subsidiary Texas Water Service (Texas Water), through its strategic partnership with BVRT Utility Holding Company, has completed the acquisition of Railyard Utility's wastewater system. This is the fifth utility owned and operated by Texas Water and BVRT.

News for California Water Service Group Stock (CWT)