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.

SAN JOSE, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2024 first quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, April 25, 2024.

California Water Service Group Schedules 2024 First Quarter Earnings Results Announcement and Conference Call

SAN JOSE, Calif., March 28, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) announced today that it has earned a spot on Newsweek magazine's 2024 list of “America's Most Trustworthy Companies” for the second consecutive year. Newsweek compiles the list with Statista Inc., a leading statistics portal and industry ranking provider.

California Water Service Group Recognized by Newsweek as One of “America's Most Trustworthy Companies”

SAN JOSE, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) today announced its commitment to reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 63% by 2035 from a 2021 base year, a target which is science-aligned and supports limiting global temperature increases to 1.5-degree Celsius above preindustrial levels.

California Water Service Group Announces Science-Aligned Greenhouse Gas Emissions Reduction Target

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CWT or PRMW: Which Water Utility Stock Should You Invest in?

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Value investors are starting to reconsider Boeing. California Water Service Group is a water utility that has a long record of rewarding shareholders.

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SAN JOSE, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- The California Public Utilities Commission (CPUC) issued a decision on March 7, 2024 on the 2021 General Rate Case and Infrastructure Improvement Plan for California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT). The decision marks the end of an extensive review of the utility's water system improvement plans, costs, and rates.

California Public Utilities Commission Adopts Decision on California Water Service's 2021 General Rate Case and Infrastructure Improvement Plan

A setback in California Water Service's ongoing rate case has weighed on shares since I initiated coverage in November. The company's operating revenue and diluted EPS missed expectations in the fourth quarter. California Water Service remains well-positioned financially.

California Water Service: An Undervalued Water Utility To Buy Now

California Water Service Group (CWT) Q4 2023 Earnings Call Transcript

California Water's (CWT) fourth-quarter 2023 earnings and revenues increase year over year. CWT continues to enhance its infrastructure through investments.

California Water (CWT) Q4 Earnings & Revenues Miss Estimates

California Water Service Group (CWT) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $0.35 per share a year ago.

California Water Service Group (CWT) Q4 Earnings and Revenues Lag Estimates

SAN JOSE, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (“Company” or “CWT”) today announced 2023 full year net income attributable to CWT of $51.9 million and diluted earnings per share of $0.91 for 2023, as compared to net income attributable to CWT of $96.0 million and diluted earnings per share of $1.77 for 2022.

California Water Service Group Announces 2023 Earnings for Year and Fourth Quarter

California Water's (CWT) Q4 earnings are likely to have gained from acquired assets and the implementation of new rates. However, still-high interest rates and an increase in short-term borrowing rates may have offset some upsides.

What's in Store for California Water (CWT) in Q4 Earnings?

SAN JOSE, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2023 full-year and fourth-quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, February 29, 2024.

California Water Service Group Schedules 2023 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call

SAN JOSE, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) contributed $1.56 million in 2023 to charitable organizations and first responders in its communities, just one of the many ways it demonstrates its commitment to enhancing the quality of life for those it serves.

California Water Service Group Donates More than $1.5 Million to Local Community Organizations in 2023

California Water Service Group (CWT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -12.51% in 4 Weeks, Here's Why You Should You Buy the Dip in California Water Service Group (CWT)

SAN JOSE, Calif., Jan. 26, 2024 (GLOBE NEWSWIRE) -- On January 24, 2024, the California Public Utilities Commission (CPUC) Administrative Law Judges assigned to California Water Service's (Cal Water) 2021 General Rate Case issued a proposed decision; the assigned Commissioner issued an alternate proposed decision.

Cal Water Receives Proposed Decision and Alternate Proposed Decision on 2021 General Rate Case

The following replaces the release issued at 5:28PM Eastern Time on January 25, 2024. SAN JOSE, Calif.

CORRECTION: California Water Service Group Board of Directors Declares 316th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase

SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- At its meeting on January 25, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 316th consecutive quarterly dividend, increasing the annual dividend by $0.08, or 7.7% from $1.04 to $1.12. This represents the company's 57th consecutive annual dividend increase. The quarterly dividend of $0.26 per common share will be payable on February 23, 2024 to stockholders of record as of the close of business on February 12, 2024.

California Water Service Group Board of Directors Declares 316th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase

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Water Utility companies like AWK, CWT, SJW and CWCO, are poised to benefit from stable demand for water and wastewater services across the United States. Their systematic investments should enable them to serve customers efficiently.

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SAN JOSE, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) is now accepting applications for its 11th annual College Scholarship Program cycle, one of the ways that the utility demonstrates its commitment to improving the lives of those it serves.

California Water Service Group Opens 11th Annual College Scholarship Program Offering $80,000 in Awards

California Water Service Group (CWT) and SJW Group (SJW) are efficiently serving customers and investing in upgrading and maintaining infrastructure.

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California Water Service Group (CWT) Loses -10.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

California Water Service Group (CWT) continues to expand its operations through acquisitions and necessary investments to upgrade acquired assets to provide reliable services.

California Water Service Group (CWT) Unit Buys Water System

SAN JOSE, Calif., Jan. 11, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), which has provided water utility service to the majority of Willows, Calif.

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SAN JOSE, Calif., Jan. 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE : CWT) today announced that after conducting an extensive, nation-wide search, it has selected James P. Lynch to join the company as Senior Vice President, Chief Financial Officer and Treasurer, effective January 3, 2024. He succeeds interim Vice President, Chief Financial Officer, and Treasurer David B. Healey. Mr. Healey will serve as Principal Financial Officer on an interim basis, ensuring a smooth transition and supporting the company in its fiscal year 2023 financial reporting.

News for California Water Service Group Stock (CWT)