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., Jan. 03, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), in partnership with DoGoodery, has launched its 10th annual youth water conservation education program.

California Water Service Launches 10th Annual Classroom Conservation Program

SAN JOSE, Calif., Jan. 03, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (Group) today announced the promotions of Michael S. Mares to Senior Vice President, Operations; Shannon C. Dean to Senior Vice President, Customer Service & Chief Sustainability Officer; Shawn C. Bunting to Senior Vice President, General Counsel & Business Development; and Sophie M. James to Vice President, Water Quality & Environmental Affairs, effective January 1, 2024.

California Water Service Group Promotes Michael S. Mares, Shannon C.

California Water Service (CWT), along with its subsidiaries, is expanding operations through organic and inorganic routes and making necessary investments to upgrade its acquired assets.

California Water Service (CWT) Units Buy Two Water Utilities

SAN JOSE, Calif., Jan. 02, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) subsidiaries Hawaii Water Service (Hawaii Water) and New Mexico Water Service (New Mexico Water) have finalized transactions to acquire the assets of HOH Utilities, LLC (HOH Utilities) and Monterey Water Company (Monterey), respectively, and provide service to their customers going forward.

California Water Service Group Subsidiaries Complete Acquisitions of HOH Utilities in Hawaii, Monterey Water Company in New Mexico

SAN JOSE, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) today announced key updates for ongoing work to enhance its climate strategy.

California Water Service Group Shares Key Updates on Climate Strategy

SAN JOSE, Calif., Dec. 06, 2023 (GLOBE NEWSWIRE) -- For the third year in a row, California Water Service Group (Group) (NYSE: CWT) has earned a spot on Newsweek magazine's list of “America's Most Responsible Companies.

California Water Service Group Earns “America's Most Responsible Companies” Designation by Newsweek for Third Consecutive Year

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The Utility sector has struggled due to rising interest rates and inflation, resulting in share price declines and high dividend yields. California Water Service Group, Alliant Energy, and WEC Energy Group are identified as buying opportunities in the utility sector. These companies have faced challenges but offer strong dividend growth, and solid dividend safety, and are undervalued compared to historical values.

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SAN JOSE, Calif., Nov. 29, 2023 (GLOBE NEWSWIRE) -- To support local fire departments and their efforts to provide rescue and emergency services, California Water Service (Cal Water) today announced it will award $186,077 in grants to eight California fire departments as part of the utility's fifth annual Firefighter Grant Program.

California Water Service Awards More Than $186,000 in Grants to Eight Fire Departments

California Water Service's 2.1% yield isn't spectacular, but the payout is well-covered and has grown more than half of a century. The water utility was weighed down by higher costs in the third quarter and a delayed proposed decision on its pending rate case. California Water Service maintains a healthy balance sheet.

California Water Service: A Recession-Resistant Dividend King For Your Portfolio

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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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California Water Service Group (NYSE:CWT ) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants David Healey - Vice President Chief Financial Officer & Treasurer Greg Milleman - Vice President, Rates and Regulatory Affairs Officer Marty Kropelnicki - Chairman & Chief Executive Officer Conference Call Participants Davis Sunderland - Baird Jonathan Reeder - Wells Fargo Agnieszka Storozynski - Seaport Operator Good morning. My name is Christa, and I'll be your conference operator today.

California Water Service Group (CWT) Q3 2023 Earnings Call Transcript

SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) today announced the election of Jeffrey Kightlinger, 63, to the Group's Board of Directors, effective Nov. 1, 2023.

California Water Service Group Announces Election of Jeffrey Kightlinger to Board of Directors

California Water's (CWT) third-quarter 2023 earnings surpass estimates. CWT continues to enhance its infrastructure through investments.

California Water (CWT) Beats on Q3 Earnings & Revenues

California Water Service Group (CWT) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $1.03 per share a year ago.

California Water Service Group (CWT) Q3 Earnings and Revenues Top Estimates

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SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (“Group”) today announced net income attributable to Group of $34.4 million and diluted earnings per share of $0.60 for the quarter ended September 30, 2023, as compared to net income attributable to Group of $55.9 million and diluted earnings per share of $1.03 for the quarter ended September 30, 2022.

California Water Service Group Announces Third Quarter 2023 Results

SAN JOSE, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 315th consecutive quarterly dividend in the amount of $0.26 per common share. It will be payable on November 17, 2023, to stockholders of record as of the close of business on November 6, 2023.

California Water Service Group Board of Directors Declares 315th Consecutive Quarterly Dividend

LANCASTER, Calif.--(BUSINESS WIRE)--After three years of construction, the first stage of a critical new groundwater storage project is complete and water is flowing into storage, significantly increasing Southern California's water supply reliability in the face of a rapidly changing climate. Officials from the Metropolitan Water District of Southern California and the Antelope Valley-East Kern Water Agency celebrated the key milestone today. The High Desert Water Bank, a partnership between t.

New Southern California Water Bank Improves Water Supply Reliability for Millions

California Water's (CWT) third-quarter revenues are likely to have benefited from new rates and expanding customer base.

California Water (CWT) to Report Q3 Earnings: What's in Store?

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Investing in defensive sectors such as ALLETE (ALE), PNM Resources (PNM), Consolidated Water Co (CWCO), California Water Service Group (CWT) and Vistra Corp. (VST) should be safe.

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SAN JOSE, Calif., Oct. 12, 2023 (GLOBE NEWSWIRE) -- NYSE: CWT—For its commitment to—and partnership in—helping customers become more water-efficient, California Water Service (Cal Water) has earned the U.S. Environmental Protection Agency's 2023 WaterSense® Excellence in Promoting WaterSense Labeled Products Award.

USEPA Names Cal Water 2023 WaterSense® Excellence Award Winner

California Water (CWT) makes a strong case for investment, given its positive growth estimates, strong liquidity and systematic investments to strengthen infrastructure.

Reasons to Add California Water (CWT) to Your Portfolio

SAN JOSE, Calif., Oct. 05, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) announced on October 5, 2023, that its third quarter 2023 financial results will be released at 9:00 a.m. ET with its conference call to follow at 11:00 a.m. ET on Thursday, October 26, 2023.

California Water Service Group To Announce Financial Results

SAN JOSE, Calif., Oct. 04, 2023 (GLOBE NEWSWIRE) -- In its recently published Environmental, Social, and Governance (ESG) Evaluation Report, S&P Global Ratings awarded California Water Service Group (NYSE: CWT) a score of 74 out of 100.

California Water Service Group Surpasses Global Average ESG Evaluation Score from S&P Global Ratings

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