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.

WAIKOLOA, Hawaii, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), yesterday completed the acquisition of Kalaeloa Water Company, LLC from the Hunt Companies Inc. and will now begin providing water and wastewater service to its customers. 

Hawaii Water Service Completes Purchase of Kalaeloa Water Company

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.

California Water Service Group (CWT) Earnings Expected to Grow: Should You Buy?

SAN JOSE, Calif., Oct. 29, 2020 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), today announced that it has entered into an agreement to acquire the wastewater system assets of Gunner Ranch Inc., which currently serves a large section of southern Madera County including Valley Children's Hospital. At buildout, the new Gunner Ranch West wastewater system will also serve a new development area including a planned 2,840 residential units, along with 2 million square feet of commercial and other medical facilities. The purchase is subject to customary closing conditions, and the transaction is expected to close by early 2021. 

California Water Service Signs Agreement to Acquire Gunner Ranch West Wastewater System

SAN JOSE, Calif., Oct. 28, 2020 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 303rd consecutive quarterly dividend in the amount of $0.2125 per common share. It will be payable on November 20, 2020 to stockholders of record on November 9, 2020. 

California Water Service Group Board of Directors Declares 303rd Consecutive Quarterly Dividend

SAN JOSE, Calif., Oct. 15, 2020 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its third quarter 2020 earnings results will be released at 9:00 a.m. ET with its teleconference to follow at 11:00 a.m. ET on Friday, November 6, 2020.

California Water Service Group Schedules Third Quarter 2020 Earnings Results Announcement and Teleconference

SAN JOSE, Calif., Oct. 15, 2020 (GLOBE NEWSWIRE) -- An Administrative Law Judge with the California Public Utilities Commission (CPUC) issued a proposed decision yesterday in the 2018 General Rate Case and Infrastructure Improvement Plan for California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT).

California Public Utilities Commission Issues Proposed Decision on Cal Water’s 2018 General Rate Case

California Water (CWT) completes the Palos Verdes Peninsula Water Reliability Project, which is set to support the existing 60-year-old drinking water pipeline & boost the reliability of its services.

California Water Completes Water Project in Palos Verdes

TORRANCE, Calif., Oct. 13, 2020 (GLOBE NEWSWIRE) -- After more than 15 years of planning, two years of construction, and months of testing, California Water Service (Cal Water) has completed the utility’s largest water infrastructure upgrade in company history. Known as the Palos Verdes Peninsula Water Reliability Project, the project enhances the reliability of the drinking water infrastructure on the Palos Verdes Peninsula and will help ensure that all Peninsula residents and firefighters continue to have safe, reliable water service for their everyday and emergency needs.

Cal Water Completes Largest Water Infrastructure Improvement Project to Date to Support Palos Verdes Peninsula Customers

California Water Service's (CWT) arm, New Mexico Water Service is set to buy Animas Valley Land and Water. This is likely to enhance California Water's customer base by 2,000 in northwest New Mexico.

California Water (CWT) Arm to Buy Animas Valley Water System

SAN JOSE, Calif., Oct. 05, 2020 (GLOBE NEWSWIRE) -- New Mexico Water Service (New Mexico Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), has signed a purchase agreement with Animas Valley Land and Water Co., LLC (AV Water) and court-appointed receiver C. Randel Lewis to acquire the Morning Star Water System assets of AV Water and provide regulated water utility service to its approximately 2,000 customer connections in northwest New Mexico.

New Mexico Water Service Enters Into Agreement to Acquire Animas Valley Water System

WAIKOLOA, Hawaii, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), has received approval from the Hawaii Public Utilities Commission (Commission) to acquire Kalaeloa Water Company, LLC, a water and wastewater utility located in the growing Kapolei area of the City and County of Honolulu on Oahu.

Hawaii Water Service Receives Hawaii Public Utilities Commission Approval to Acquire Kalaeloa Water Company

SAN JOSE, Calif., Sept.  22, 2020  (GLOBE NEWSWIRE) -- As part of its commitment to help customers control both their water use and their bills, California Water Service (Cal Water) has launched a new Smart Landscape Tune-Up Program for customers in its service areas. This program is available at no charge to customers.

California Water Service Launches New Smart Landscape Tune-Up Program

SAN JOSE, Calif., Sept.  17, 2020  (GLOBE NEWSWIRE) -- California Water Service (Cal Water) today announced the recipients of its second annual Firefighter Grant Program, to support the needs of fire departments in the utility’s service areas.

California Water Service Announces $148,500 to 2020 Firefighter Grant Program Recipients

SAN JOSE, Calif., Sept.  10, 2020  (GLOBE NEWSWIRE) -- For the utility’s ongoing commitment to employees in its four subsidiaries, the Great Place to Work® Institute has certified California Water Service Group (Group) (NYSE: CWT) as a Great Place to Work® for the fifth year in a row.

California Water Service Group Earns Great Place to Work® Distinction for Fifth Consecutive Year

SAN JOSE, Calif., Sept.  02, 2020  (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) and its subsidiaries in California, Hawaii, New Mexico, and Washington today finalized donations of nearly $500,000 to customers impacted by the coronavirus pandemic and community organizations in its service areas.

California Water Service Group and Its Subsidiaries Provide Nearly $500,000 in Coronavirus-Related Relief

SAN JOSE, Calif., Aug.  31, 2020  (GLOBE NEWSWIRE) -- The Bay Area News Group has named California Water Service Group (Group) (NYSE: CWT) one of the Top Workplaces in the Bay Area for the ninth year in a row. This almost decade-long distinction has been awarded each year based on local employees’ input about the company.

California Water Service Group Honored as Bay Area Top Workplace for Ninth Consecutive Year

SAN JOSE, Calif., Aug.  18, 2020  (GLOBE NEWSWIRE) -- For its comprehensive efforts to keep employees safe and informed through the coronavirus pandemic, California Water Service Group (Group) (NYSE: CWT) has been named the winner of a Silver Stevie® Award in the fifth annual Stevie Awards for Great Employers’ Most Valuable Employer for COVID-19 Response category.

California Water Service Group Honored  as Silver Stevie® Award Winner for COVID-19 Employer Response

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California Water Service Prepared for Power Outages

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California Water Service Group's Low Volatility Returns Cannot Compensate A Potential Valuation Compression Risk

SAN JOSE, Calif., Aug.  06, 2020  (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) today announced awards totaling $80,000 in college scholarships for students living in the utility's California, Hawaii, New Mexico, and Washington service areas for the 2020-2021 academic year.

California Water Service Group Awards $80,000 in College Scholarships to Students

California Water Service Group's (CWT) CEO Martin Kropelnicki on Q2 2020 Results - Earnings Call Transcript

California Water  Service Group (CWT) delivered earnings and revenue surprises of -80.36% and -14.40%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

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

SAN JOSE, Calif., July  30, 2020  (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (the “Company”) today announced net income of $5.3 million or $0.11 earnings per diluted common share for the second quarter of 2020, compared to a net income of $17.0 million or $0.35 earnings per diluted common share for the second quarter of 2019.

California Water Service Group Announces Second Quarter 2020 Results

SAN JOSE, Calif., July  29, 2020  (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 302nd consecutive quarterly dividend in the amount of $0.2125 per common share.  It will be payable on August 21, 2020, to stockholders of record on August 10, 2020.   

News for California Water Service Group Stock (CWT)