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 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) Reports Next Week: Wall Street Expects Earnings Growth

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SAN JOSE, Calif., July  09, 2020  (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its second 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 Thursday, July 30, 2020.   

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

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SAN JOSE, Calif., June  04, 2020  (GLOBE NEWSWIRE) -- Washington Water Service (Washington Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), today announced it has completed the acquisition of Rainier View Water Company’s (Rainier View Water) water system assets, with approval from the Washington Utilities and Transportation Commission. Washington Water is now providing water utility service to Rainier View Water’s 18,500 service connections.

Washington Water Service Completes Purchase of Rainier View Water Company

California Water Service Group (CWT) CEO Martin Kropelnicki on Q1 2020 Results - Earnings Call Transcript

California Water  Service Group (CWT) delivered earnings and revenue surprises of -2200.00% and -4.15%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

California Water  Service Group (CWT) Reports Q1 Loss, Misses Revenue Estimates

SAN JOSE, Calif., April  29, 2020  (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 301st consecutive quarterly dividend in the amount of $0.2125 per common share.  It will be payable on May 22, 2020, to stockholders of record on May 11, 2020.   

California Water Service Group Board of Directors Declares 301st Consecutive Quarterly Dividend

SAN JOSE, Calif., April  29, 2020  (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) announced today that its California subsidiary, California Water Service (Cal Water), has requested that the California Public Utilities Commission (CPUC) delay upcoming rate changes due to the current COVID-19 pandemic, and has committed to deferring other bill increases during 2020.

California Water Service Asks to Delay Rate Changes

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

California Water (CWT) is expanding its customer base through continuous acquisitions.

California Water Acquires Greenwood Estates Water System

SAN JOSE, Calif., April  02, 2020  (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) announced today that its Washington subsidiary closed an acquisition and that its New Mexico subsidiary has entered into a purchase agreement. Washington Water Service (Washington Water) closed its purchase of the Greenwood Estates water system on March 31, with approval by the Washington Utilities and Transportation Commission. Sister utility New Mexico Water Service (New Mexico Water) has entered into a purchase agreement with Valencia Mesa Water Company (Valencia Mesa), pending approval by the New Mexico Public Regulation Commission, and subject to the completion of diligence and remaining conditions in the purchase agreement. 

California Water Service Group Subsidiaries to Acquire Local Water Companies

California Water's (CWT) acquisition of Rainier View Water will add more than 35,000 customers.

California Water Receives Nod to Acquire Rainier View Water

SAN JOSE, Calif., March  30, 2020  (GLOBE NEWSWIRE) -- Washington Water Service (Washington Water), a subsidiary of California Water Service Group (NYSE: CWT), has received approval from the Washington Utilities and Transportation Commission to acquire Rainier View Water Company’s (Rainier View Water) water system assets and provide water utility service to its 18,000 service connections. The transaction is expected to close in June 2020.

Washington Water Service Receives WUTC Approval to Acquire Rainier View Water Company

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California Water Service Group and Subsidiaries Suspend Shutoffs for Customers Unable to Make Payments Amid COVID-19 Pandemic

SAN JOSE, Calif., March  10, 2020  (GLOBE NEWSWIRE) -- As part of its promise to provide quality, service, and value to its communities, California Water Service Group invested $273.8 million in water system infrastructure in its service areas in 2019.

California Water Service Group Invests Nearly $274 Million in Water System Infrastructure in 2019

California Water Service Group (CWT) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

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California Water Service Group (CWT) CEO Martin Kropelnicki on Q4 2019 Results - Earnings Call Transcript

California Water  Service Group (CWT) delivered earnings and revenue surprises of -27.27% and 3.23%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

California Water  Service Group (CWT) Misses Q4 Earnings Estimates

California Water  Service Group (CWT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

SAN JOSE, Calif., Jan.  29, 2020  (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 300th consecutive quarterly dividend, increasing the annual dividend from $0.79 to $0.85.  This represents the company’s 53rd consecutive annual dividend increase.  The quarterly dividend of $0.2125 per common share will be payable on February 21, 2020 to stockholders of record on February 10, 2020. 

News for California Water Service Group Stock (CWT)