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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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.

Students in All Group Service Areas Eligible for Seventh Annual Program Students in All Group Service Areas Eligible for Seventh Annual Program

California Water Service Group Opens 2020 College Scholarship Program

SAN JOSE, Calif., Jan.  16, 2020  (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) and its subsidiaries donated more than $1.25 million to local non-profits, community organizations, and other philanthropic entities in 2019, exceeding 2018 contributions by an estimated $250,000. Last year’s increase was mostly due to California Water Service’s inaugural Firefighter Grant Program, which was created to support the needs of local fire departments. 

California Water Service Group Donates More Than $1.25 Million in 2019 to Local Communities

California Water Service (CWT) is currently a strong investment bet, given its well chalked-out investment plans and positive earnings estimate revisions.

4 Reasons to Add California Water (CWT) to Your Portfolio

SAN JOSE, Calif., Dec.  30, 2019  (GLOBE NEWSWIRE) -- As part of its commitment to both supporting firefighters and conserving water, California Water Service (Cal Water) is presenting “pump pods” to the Los Angeles County Fire Department and Visalia Fire Department through its customized conservation incentive and rebate program. Formally called a Pump-Pod Direct Recirculating Apparatus Firefighting Training & Sustainability (DRAFTS) Unit, the two pump pods – one for each fire department – are expected to save about 8.5 million gallons of water combined per year.

California Water Service Partners With Los Angeles County Fire and Visalia Fire to Save Water While Training to Save Lives and Property

SAN JOSE, Calif., Dec.  26, 2019  (GLOBE NEWSWIRE) -- In a collective effort to develop sustainable sources of water supplies in California and Hawaii, California Water Service Group (NYSE: CWT) subsidiaries California Water Service (Cal Water) and Hawaii Water Service (Hawaii Water) have each proposed a recycled water project that is included in Rep. Jerry McNerney’s (CA-09) new federal bill, the “Western Water Recycling and Drought Relief Act.” Bill H.R. 5302, designed to strengthen these states’ water infrastructure by adding a total of almost 20,000 acre-feet of new water supplies, includes 12 projects from utilities that are part of the Western Recycled Water Coalition; if the bill is enacted, it will offset the costs for the utilities to design, plan, and construct the facilities.

Two Recycled Water Projects for California Water Service Group Subsidiaries Included in House Bill 5302 (McNerney, CA-09)

SAN JOSE, Calif., Dec.  23, 2019  (GLOBE NEWSWIRE) -- Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (NYSE: CWT), announced today that it has entered into an agreement with Maui Land and Pineapple Company to acquire its Kapalua Water Company water utility assets and Kapalua Waste Treatment Company wastewater utility assets, and to provide water and wastewater utility service to its approximately 1,000 service connections in the Kapalua Maui resort, subject to certain closing conditions including completion of diligence and Hawaii Public Utilities Commission approval.

Hawaii Water Service Enters Into Agreement to Acquire Kapalua Water Company and Kapalua Waste Treatment Company

SAN JOSE, Calif., Dec.  16, 2019  (GLOBE NEWSWIRE) -- California Water Service (Cal Water) today announced the 10 winners of its first-ever Firefighter Grant Program, created this year to support the needs of fire departments in the utility’s service areas. Due to the significant interest in the program, Cal Water increased its original $60,000 in grant funds to award a total of almost $160,000 to these departments. 

California Water Service Announces Recipients of Inaugural Firefighter Grant Program

SAN JOSE, Calif., Dec.  03, 2019  (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) and its subsidiary California Water Service Company (Cal Water) today announced the appointment of Todd Peters from Chief Engineer to Chief Engineering Officer for Cal Water, effective January 1, 2020.

California Water Service Group and Subsidiary California Water Service Company Announces New Officer

SAN JOSE, Calif., Nov.  25, 2019  (GLOBE NEWSWIRE) -- As part of its ongoing commitment to enhancing customer service, California Water Service (Cal Water) today launched its new “Connected Customer” notification service, which enables customers to receive real-time updates about their service appointments. 

California Water Service Launches “Connected Customer” Service to Enhance Customer Experience

SAN JOSE, Calif., Nov.  20, 2019  (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) today announced the election of Scott L. Morris, 60, and Patricia K. (Patti) Wagner, 57, to the Company’s Board of Directors, effective January 1, 2020.

California Water Service Group Announces Election of Morris and Wagner to Board of Directors

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SAN JOSE, Calif., Nov.  06, 2019  (GLOBE NEWSWIRE) -- Washington Water Service (Washington Water), a subsidiary of California Water Service Group (NYSE: CWT), announced today that it has entered into an agreement with Rainier View Water Company (Rainier View Water) to acquire its water system assets and to provide water utility service to its 18,000 service connections, subject to certain closing conditions including completion of diligence and Washington Utilities and Transportation Commission approval.

Washington Water Service Enters Into Agreement to Acquire Rainier View Water Company

SAN JOSE, Calif., Oct.  31, 2019  (GLOBE NEWSWIRE) -- Sourcing Industry Group (SIG), a premier global sourcing association, presented California Water Service Group (Group) (NYSE: CWT) and its partner ProcureAbility with an “Innovations in Governance and Compliance” award at the organization’s recently announced 2019 annual Future of Sourcing Awards. This distinction was given for Group’s transformation of its contract management from localized practices into standardized processes supported by a suite of user-friendly mobile apps to facilitate field inspections, contract compliance, and regulatory governance.

California Water Service Group and ProcureAbility Given “Innovations in Governance and Compliance” Award by SIG

California Water Service Group (CWT) CEO Martin Kropelnicki on Q3 2019 Results - Earnings Call Transcript

California Water  Service Group (CWT) delivered earnings and revenue surprises of 12.82% and 2.89%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

California Water  Service Group (CWT) Beats Q3 Earnings and Revenue Estimates

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National Award Presented to Barber for Leadership During Camp Fire in November 2018 National Award Presented to Barber for Leadership During Camp Fire in November 2018

Cal Water’s George Barber Honored with NAWC Living Water Award

SAN JOSE, Calif., Oct.  10, 2019  (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its third quarter 2019 earnings results will be released at 9:00 a.m. ET with its teleconference to follow at 11:00 a.m. ET on Thursday, October 31, 2019.

California Water Service Group Schedules Third Quarter 2019 Earnings Results Announcement and Teleconference

SAN JOSE, Calif., Oct.  09, 2019  (GLOBE NEWSWIRE) -- Yesterday, California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), jointly filed a formal settlement agreement in its 2018 General Rate Case (GRC) with the Public Advocates Office of the California Public Utilities Commission (CPUC) covering the majority of open matters in the case. The largest component of the GRC is Cal Water’s Infrastructure Improvement Plan for 2019-2021. The settlement details investment plans that the utility and the Public Advocates Office agree should be made to the company’s water infrastructure to continue providing safe, reliable water service to Cal Water customers and communities. The CPUC will consider, but is not required to adopt, the settlement agreement.

California Water Service Group Reaches Settlement in 2018 Proposal to Invest in its California Water Systems Through 2021

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 and Expands Sixth Annual Classroom Conservation Competition

SAN JOSE, Calif., Sept.  23, 2019  (GLOBE NEWSWIRE) -- The Great Place to Work® Institute has certified California Water Service Group (Group) (NYSE: CWT) as a Great Place to Work® for the fourth year in a row. This distinction was given to Group for its commitment to employees throughout its California, Hawaii, New Mexico, and Washington subsidiaries.

California Water Service Group Designated Great Place to Work® for Fourth Consecutive Year

SAN JOSE, Calif., Sept.  18, 2019  (GLOBE NEWSWIRE) -- The Environmental Laboratory Accreditation Program (ELAP) has renewed its certification of California Water Service’s (Cal Water) Water Quality Laboratory, enabling the utility to continue conducting in-house testing of water quality samples collected throughout its service areas statewide. The stringent ELAP accreditation, which the utility has held since 1999, is administered by the State Water Resources Control Board.

California Water Service’s Water Quality Laboratory Reaccredited By State Water Resources Control Board

SAN JOSE, Calif., Sept.  16, 2019  (GLOBE NEWSWIRE) -- In the wake of devastating wildfires impacting California residents over recent years, California Water Service (Cal Water) has created an emergency disaster relief program to protect customers affected by wildfires and other natural disasters. The program, established in accordance with California Public Utilities Commission D. 19-07-015, extends water service protections to both residential and small business customers.  

California Water Service Establishes Emergency Relief Program for Customers Affected by Natural Disasters

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Local Fire Departments in California Water Service Areas Eligible for First Annual Program Local Fire Departments in California Water Service Areas Eligible for First Annual Program

News for California Water Service Group Stock (CWT)