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.

Rapidly rising water prices illustrate the tightening supply/demand situation in what is undoubtedly California's - and the world's - most important commodity.

Southern California Water Price Jumps 48% In 3 Weeks As Rainy Season Disappoints

SAN JOSE, Calif., April 08, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its first quarter 2021 earnings results will be released at 9:00 a.m. ET with its teleconference to follow at 11:00 a.m. ET on Thursday, April 29, 2021.

California Water Service Group Schedules First Quarter 2021 Earnings Results Announcement and Teleconference

California Water's (CWT) improving customer base, strategic investments and constant rate hikes are likely to boost its existing operations.

California Water (CWT) Strong on Investments & Customer Base

California Water's (CWT) unit snaps up a deal with Stroh's Water to operate and maintain its water systems for a tenure of two years. This deal will ensure high quality services for target customers.

California Water's (CWT) Arm to Maintain Stroh's Water System

CWT has raised its dividend for 53 consecutive years and thus it is a Dividend King. The company has proved extremely resilient to the pandemic, as it posted record earnings in 2020.

California Water Service Is A High-Quality Dividend King But Wait For A Correction

Agreement Includes Option for Purchase Agreement Includes Option for Purchase

Washington Water Service Enters Contract to Operate Stroh's Water System

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California Water Service (CWT) Sees Hammer Chart Pattern: Time to Buy?

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The subsidiary of California Water (CWT), California Water Service, signs a contract to buy the assets of Skylonda Mutual Water Company, which borders the unit's customer connections in Bear Gulch District.

California Water (CWT) to Buy Skylonda Mutual Water's Assets

SAN JOSE, Calif., March 15, 2021 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), has entered into an agreement to acquire the water system assets of Skylonda Mutual Water Company, which serves 176 customer connections adjacent to Cal Water's Bear Gulch District. The purchase is subject to customary closing conditions, including the approval of the California Public Utilities Commission, and the transaction is expected to close in 2022.

California Water Service Signs Agreement to Acquire Skylonda Mutual Water Company

California Water's (CWT) arm Hawaii Water gets an approval from The Hawaii Public Utilities Commission to purchase Maui Land and Pineapple Company's assets, which in turn, will widen its base in Hawaii.

California Water's (CWT) Unit Gets Nod to Buy Water Assets

WAIKOLOA, Hawaii, March 11, 2021 (GLOBE NEWSWIRE) -- Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), received approval from the Hawaii Public Utilities Commission (Commission) this week to acquire the assets of Kapalua Water Company and Kapalua Waste Treatment Company from Maui Land and Pineapple Company (ML&P).

Hawaii Water Service Receives Hawaii Public Utilities Commission Approval to Acquire Kapalua Water, Waste Treatment Companies

California Water Service Group (CWT) CEO Martin Kropelnicki on Q4 2020 Results - Earnings Call Transcript

California Water's (CWT) fourth-quarter earnings miss the mark while revenues top the same. The bottom line, however, rises year over year as the top line.

California Water (CWT) Q4 Earnings Lag, Revenues Beat Mark

California Water Service Group (CWT) delivered earnings and revenue surprises of -11.43% and 2.80%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

California Water Service Group (CWT) Misses Q4 Earnings Estimates

SAN JOSE, Calif., Feb. 08, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its fourth quarter and year-end 2020 earnings results will be released at 9:00 a.m. ET with its teleconference to follow at 11:00 a.m. ET on Thursday, February 25, 2021.

California Water Service Group Schedules Fourth Quarter and Year-End 2020 Earnings Results Announcement and Teleconference

Students in All Group Service Areas Encouraged to Apply for Eighth Annual Program Students in All Group Service Areas Encouraged to Apply for Eighth Annual Program

California Water Service Group Launches 2021 College Scholarship Program Cycle

Backed by a strong operational efficiency, California Water Service (CWT) raises 8.2% of its annual dividend, totaling the payout to 92 cents per share.

California Water (CWT) Ups Dividend, Adds Shareholder Value

SAN JOSE, Calif., Jan. 27, 2021 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 304th consecutive quarterly dividend, increasing the annual dividend by $0.07, or 8.2%, from $0.85 to $0.92. This represents the company's 54th consecutive annual dividend increase. The quarterly dividend of $0.23 per common share will be payable on February 19, 2021 to stockholders of record on February 8, 2021.

California Water Service Group Board of Directors Declares 304th Consecutive Quarterly Dividend and 54th Consecutive Annual Dividend Increase

SAN JOSE, Calif., Jan. 25, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) and its subsidiaries donated more than $1.7 million to community organizations and customers in 2020, exceeding 2019 contributions by an estimated $500,000. The increase was due to elevated community need, as many of the utility's service areas were impacted economically by the pandemic.

California Water Service Group Provides More Than $1.7 Million in Community Support During Unprecedented Year

K-12 Students and Teachers Encouraged to Engage in Water Conservation Projects K-12 Students and Teachers Encouraged to Engage in Water Conservation Projects

California Water Service Launches, Expands Seventh Annual H2O Challenge Classroom Competition

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SAN JOSE, Calif., Dec. 21, 2020 (GLOBE NEWSWIRE) -- The American Water Works Association (AWWA) has honored California Water Service (Cal Water) and San Jose State University representatives with the Division Best Paper award in the Distribution and Plant Operations category for 2020. The award, virtually presented during AWWA's annual national conference, recognizes authors of papers from each AWWA Technical and Education Division published in AWWA Water Science that year. 

California Water Service, San Jose State University Receive Joint American Water Works Association Division Best Paper Award

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News for California Water Service Group Stock (CWT)