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.

GIG HARBOR, Wash., July 18, 2023 (GLOBE NEWSWIRE) -- Washington Water Service (Washington Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), yesterday completed the acquisition of Stroh's Water Company's (Stroh's Water) water system assets. The closing follows approval by the Washington Utilities and Transportation Commission (WUTC) in October 2022.

Washington Water Service Acquires Stroh's Water Company

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SAN JOSE, Calif., July 05, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) today announced the election of Charles R. Patton, 64, to the Group's Board of Directors, effective July 1, 2023.

California Water Service Group Announces Election of Charles R. Patton to Board of Directors

SAN JOSE, Calif., July 03, 2023 (GLOBE NEWSWIRE) -- (NYSE: CWT) -- The California Public Utilities Commission has approved the proposed decision issued in the cost of capital application for California Water Service (Cal Water) and three other utilities from July 2023 through the end of 2024. The decision originally established a 9.05% return on equity and 4.23% cost of debt for Cal Water, with a capital structure of 53.40% common equity and 46.60% long-term debt, and an authorized rate of return of 6.80%, effective July 31, 2023.

California Public Utilities Commission Adopts Cost of Capital Proposed Decision Setting California Water Service's Return on Equity

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SAN JOSE, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- (NYSE: CWT) — The New Mexico Public Regulation Commission has given approval for New Mexico Water Service (New Mexico Water) to acquire the assets of Monterey Water Company (Monterey), paving the way for New Mexico Water to close the purchase and provide regulated water utility service to Monterey's customers. The acquisition remains subject to customary closing conditions and is expected to close this summer.

New Mexico Water Service Receives NMPRC Approval to Acquire Monterey Water Company

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CWT is a Dividend King, with 55 consecutive years of dividend growth. CWT is essentially immune to recessions thanks to the essential nature of water. However, CWT is fully valued.

California Water Service: This Dividend King Remains Fully Valued

SAN JOSE, Calif., June 06, 2023 (GLOBE NEWSWIRE) -- As part of its commitment to investing in the communities it serves, California Water Service Group (Group) (NYSE: CWT) has awarded $75,000 in scholarships to 12 students living in its California, Hawaii, New Mexico, and Washington service areas for the 2023-2024 academic year. Whether studying chemistry at Harvard or aerospace engineering at Stanford, eight out of 12 of these scholarship recipients are first-generation college students, some having overcome physical and financial obstacles to make their college dreams a reality.

California Water Service Group Awards $75K to Help an Exceptional Dozen Students Make Their College Dreams a Reality

SAN JOSE, Calif., June 01, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (Group) announced today that it has promoted Michael B. Luu to Senior Vice President, Corporate Services & Chief Risk Officer. As Senior Vice President, he is responsible for overseeing key corporate departments, including business development, information technology, engineering, water quality and environmental assurance, and emergency preparedness, safety, and security.

California Water Service Group Promotes Michael B. Luu and Shilen M.

SAN JOSE, Calif., May 31, 2023 (GLOBE NEWSWIRE) -- (NYSE: CWT)—California Water Service (Cal Water) has been ranked highest in overall customer satisfaction among large water utilities in the western United States, in the J.D. Power 2023 Water Utility Residential Customer Satisfaction StudySM. The results, which recognize the top-ranking large utility and midsize utility in four U.S. regions, were based on survey responses collected from residential water utility customers in four waves from June 2022 through March 2023.

California Water Service Ranks Highest in the West Among Large Water Utilities in J.D. Power Residential Customer Satisfaction Study

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California Water Service Group (CWT), with its acquisitions and investments in infrastructure, is poised to gain from rising demand. However, compliance with changing regulations is a concern.

California Water (CWT) Gains From Organic & Inorganic Assets

SAN JOSE, Calif., May 08, 2023 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) submitted a filing today with the California Public Utilities Commission (CPUC) to rescind Stage 2 of its Water Shortage Contingency Plan because of improved drought conditions and increased water supply throughout its districts.

California Water Service Rolling Back to Stage 1 of Water Shortage Contingency Plan

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SAN JOSE, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- As part of its efforts to continue expanding and improving its environmental, social, and governance (ESG) program, California Water Service Group (NYSE: CWT) today released its annual ESG Report and ESG Analyst Download.

California Water Service Group Publishes 2022 Environmental, Social, and Governance Report

SAN JOSE, Calif., May 02, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) announced today that it will set absolute, science-based Scope 1 and Scope 2 greenhouse gas (GHG) emissions reduction targets by the end of the third quarter of 2024, which builds upon the Company's prior commitment to set intensity targets for energy- or GHG-intensity of water produced and/or delivered to customers by 2025.

California Water Service Group Completes Emissions Inventory, Commits to Setting Absolute Reduction Targets for Scope 1 and 2 Emissions by Q3 2024

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California Water Service Group (NYSE:CWT ) Q1 2023 Earnings Conference Call April 27, 2023 11:00 AM ET Company Participants Tom Scanlon - Corporate Controller Marty Kropelnicki - President and CEO Tom Smegal - VP, CFO and Treasurer Conference Call Participants Jonathan Reeder - Wells Fargo Gregg Orrill - UBS Davis Sunderland - Baird Operator Good day, and welcome to the California Water Service Group Q1 2023 Earnings Call. [Operator Instructions] I'd now like to welcome Mr.

California Water Service Group (CWT) Q1 2023 Earnings Call Transcript

California Water Service Group's (CWT) first-quarter 2023 earnings and revenues miss estimates. Operating expenses decline.

California Water (CWT) Q1 Earnings & Sales Lag Estimates

California Water Service Group (CWT) came out with a quarterly loss of $0.40 per share versus the Zacks Consensus Estimate of $0.08. This compares to earnings of $0.02 per share a year ago.

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

SAN JOSE, Calif., April 27, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (“Group”) today announced a net loss attributable to Group of $22.2 million and diluted loss per share of $0.40 for the quarter ended March 31, 2023, as compared to net income attributable to Group of $1.1 million and diluted earnings per share of $0.02 for the quarter ended March 31, 2022.

California Water Service Group Announces First Quarter 2023 Results

SAN JOSE, Calif., April 26, 2023 (GLOBE NEWSWIRE) -- For the utility's efforts to enhance the quality of life in its Los Angeles County communities, the Los Angeles Business Journal honored California Water Service (Cal Water) with the Outstanding Social Responsibility Award at its 2023 Nonprofit & Corporate Citizenship Awards. The awards program recognizes the nonprofit community's work along with the individuals and businesses that support them.

California Water Service Honored by Los Angeles Business Journal for Corporate Social Responsibility

SAN JOSE, Calif., April 26, 2023 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 313th consecutive quarterly dividend in the amount of $0.26 per common share. It will be payable on May 19, 2023 to stockholders of record on May 8, 2023.

California Water Service Group Board Of Directors Declares 313th Consecutive Quarterly Dividend

News for California Water Service Group Stock (CWT)