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

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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.

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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's (CWT) unit, New Mexico Water, is likely to expand its operation in the Rio Del Oro service area and increase the customer base by the acquisition of Monterey Water.

California Water Service (CWT) Unit to Acquire Monterey Water

RIO COMMUNITIES, N.M., March 22, 2022 (GLOBE NEWSWIRE) -- New Mexico Water Service (New Mexico Water), a subsidiary of California Water Service Group (NYSE: CWT), has signed an agreement to acquire the assets of Monterey Water Company (Monterey Water), a water utility located in Valencia County, N.M. The acquisition is subject to satisfaction of customary closing conditions and approval by the New Mexico Public Regulation Commission (Commission).

New Mexico Water Service to Acquire Monterey Water Company

SAN JOSE, Calif., Feb. 28, 2022 (GLOBE NEWSWIRE) -- As part of its commitment to enhancing the quality of life in the communities it serves, California Water Service Group (Group) (NYSE: CWT) and its subsidiaries donated $2.19 million to community organizations, first responders, and students in 2021. Last year's contributions surpassed 2020 charitable donations and community giving by about a half-million dollars.

California Water Service Group Diversifies Giving, Increases Financial Support in 2021

California Water Service Group (CWT)CEO Martin Kropelnicki on Q4 2021 Results - Earnings Call Transcript

California Water Service Group (CWT) delivered earnings and revenue surprises of -65% and 12.02%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

California Water Service Group (CWT) Misses Q4 Earnings and Revenue Estimates

SAN JOSE, Calif., Feb. 24, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) ( “Company”) today announced net income attributable to CWT of $101.1 million and diluted earnings per share of $1.96 for 2021, compared to net income attributable to CWT of $96.8 million and diluted earnings per share of $1.97 in 2020.

California Water Service Group Announces 2021 Earnings for Year and Fourth Quarter

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SAN JOSE, Calif., Feb. 22, 2022 (GLOBE NEWSWIRE) -- New Mexico Water Service (New Mexico Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), has received approval by the New Mexico Public Regulation Commission to acquire the Morningstar Water System assets of Animas Valley Land and Water, LLC (AV Water) and provide regulated water utility service to its customers. AV Water's 2,000 customer connections in the northwest part of the state will become New Mexico Water's Morningstar District.

New Mexico Water Service Receives NMPRC Approval to Acquire Animas Valley Water System

California Water Service's (CWT) fourth-quarter results are likely to reflect the benefits from increased rates and unbilled revenues.

What to Expect From California Water (CWT) in Q4 Earnings?

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.

Analysts Estimate California Water Service Group (CWT) to Report a Decline in Earnings: What to Look Out for

GIG HARBOR, Wash., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Washington Water Service (Washington Water), a subsidiary of California Water Service Group (Group), signed an agreement to acquire the water utility assets of Driftwood Valley Association. The acquisition is subject to satisfaction of customary closing conditions and approval by the Washington Utilities and Transportation Commission (WUTC).

Washington Water Service Enters into Agreement to Acquire Driftwood Valley Water

SAN JOSE, Calif., Feb. 09, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) announced that its New Mexico subsidiary, New Mexico Water Service (New Mexico Water), closed its purchase of Valencia Mesa LLC Water System, also known as the Hi Mesa Water System, yesterday. The New Mexico Public Regulation Commission granted approval of the transaction last week, and the utility will commence operation of the system immediately.

New Mexico Water Service Completes Purchase Of Valencia Mesa LLC Water System

SAN JOSE, Calif., Feb. 03, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its fourth quarter and year-end 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, February 24, 2022.

California Water Service Group Schedules Fourth Quarter and Year-End 2021 Earnings Results Announcement and Conference Call

SAN JOSE, Calif., Feb. 03, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) subsidiary New Mexico Water Service (New Mexico Water) received approval yesterday by the New Mexico Public Regulation Commission to acquire the assets of Valencia Mesa, LLC, also known as the Hi Mesa water system, and provide regulated water utility service to its customers in unincorporated Valencia County.

New Mexico Water Service Receives Public Regulation Commission Approval to Acquire Hi Mesa Water System

California Water Service (CWT) management further improves shareholder value by increasing the annual dividend rate by 8.7% to $1 per share.

California Water (CWT) Increases Dividend, Boosts Shareholders

Utility Applied for Funds from California Water & Wastewater Arrearage Payment Program Utility Applied for Funds from California Water & Wastewater Arrearage Payment Program

California Water Service Secures Funding To Relieve Customers Of Past-Due Water Bill Debt Accumulated During Pandemic

SAN JOSE, Calif., Jan. 26, 2022 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 308th consecutive quarterly dividend, increasing the annual dividend by $0.08, or 8.7%, from $0.92 to $1.00. This represents the company's 55th consecutive annual dividend increase. The quarterly dividend of $0.25 per common share will be payable on February 18, 2022 to stockholders of record on February 7, 2022.

California Water Service Group Board of Directors Declares 308th Consecutive Quarterly Dividend and 55th Consecutive Annual Dividend Increase

California Water's (CWT) extending customer base, strategic capital budgets and constant rate hikes are likely to strengthen its existing operations.

California Water's (CWT) Investments, Rate Hikes Bode Well

$80,000 to be Provided to Students in its Service Areas $80,000 to be Provided to Students in its Service Areas

California Water Service Group Launches Annual College Scholarship Program

CWT is a Dividend King, with 54 consecutive years of dividend growth.

California Water Service: Do Not Buy The Dip Yet

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SAN JOSE, Calif., Dec. 20, 2021 (GLOBE NEWSWIRE) -- As part of fulfilling its purpose to enhance the quality of life in the communities it serves, California Water Service Group (Group) today announced donations totaling $600,000 to local food banks and other community aid organizations ahead of the Christmas holiday. These gifts are in addition to charitable contributions regularly provided through Group's philanthropic giving program, which do not affect customers' water rates.

News for California Water Service Group Stock (CWT)