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.

SAN JOSE, Calif., Dec. 17, 2021 (GLOBE NEWSWIRE) -- As part of its commitments to both furthering environmental stewardship and supporting education in socio-economically challenged areas it serves, California Water Service (Cal Water) has pledged $200,000 to the Monterey Bay National Marine Sanctuary Foundation (Foundation). The donation, announced at the Foundation's holiday reception last night, will help the Foundation further its overall mission, including exploring future opportunities for youth education outreach programs across the region to deepen knowledge about conservation and how to protect marine wildlife and the ecosystem.

California Water Service Commits $200,000 to Advance Wildlife Preservation, Conservation Education Through Monterey Bay National Marine Sanctuary Foundation

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SAN JOSE, Calif., Dec. 14, 2021 (GLOBE NEWSWIRE) -- As part of its commitment to supporting fire departments in its service areas, California Water Service (Cal Water) today announced the recipients of its third annual Firefighter Grant Program. Eight fire departments were awarded a total of $174,500 to purchase or fund equipment that will help protect life and property.

California Water Service Awards Nearly $175,000 to Local Fire Departments Through 2021 Firefighter Grant Program

SAN JOSE, Calif., Dec. 09, 2021 (GLOBE NEWSWIRE) -- For its efforts related to environmental, social, and governance (ESG) matters, California Water Service Group (Group) (NYSE: CWT) has been named one of “America's Most Responsible Companies” by Newsweek magazine for 2022. The distinction was recently presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider.

California Water Service Group Named to Newsweek's “America's Most Responsible Companies” 2022 List

SAN JOSE, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE:CWT) today announced the promotion of Greg A. Milleman to Vice President, Rates & Regulatory Affairs. In his prior role, Milleman was responsible for regulatory efforts in California; effective January 1, 2022, he will assume responsibility for all rates and regulatory matters for Group, including Hawaii, New Mexico, and Washington as well.

California Water Service Group Announces Promotions on Its Leadership Team

SAN JOSE, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE:CWT) today announced the promotion of Kenneth G. Jenkins to Chief Water Resource Sustainability Officer, effective Jan. 1, 2022. In this critically important role, Jenkins will lead efforts to augment water supplies in the face of worsening droughts and other climate change challenges.

California Water Service Group Promotes Kenneth G. Jenkins to Chief Water Resource Sustainability Officer

SAN JOSE, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE:CWT) today announced the promotion of Sophie M. James to Chief Water Quality Officer, effective Jan. 1, 2022, creating an officer-level position dedicated solely to ensuring the company fulfills its responsibility for meeting or surpassing all state and federal drinking water standards.

California Water Service Group Promotes Sophie M. James to Chief Water Quality Officer

SAN JOSE, Calif., Nov. 30, 2021 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) has filed an application with the State Water Resources Control Board to help provide financial support to customers who were unable to pay their water bills during the coronavirus pandemic. The funding, which Cal Water advocated to help secure, will enable the utility to forgive past-due balances incurred by its customers between March 2020 and mid-June 2021.

California Water Service Takes Action to Relieve Financially Strapped Customers of Water Bill Debt Accumulated During Pandemic

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K-12 Students, Teachers Encouraged to Engage in Water Conservation Projects K-12 Students, Teachers Encouraged to Engage in Water Conservation Projects

California Water Service Launches Eighth Annual Classroom Conservation Competition

California Water (CWT) posts better-than-expected results for the third quarter. However, both the top and the bottom line decline year over year.

California Water's (CWT) Q3 Earnings & Revenues Beat Mark

California Water Service Group's (CWT) CEO Martin Kropelnicki on Q3 2021 Results - Earnings Call Transcript

California Water Service Group (CWT) delivered earnings and revenue surprises of 51.90% and 1.87%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

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

SAN JOSE, Calif., Oct. 28, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) ( “Company”) today announced net income of $97.6 million or $1.91 earnings per diluted common share for the nine-month period ended September 30, 2021, compared to net income of $81.3 million or $1.66 earnings per diluted common share for the nine-month period ended September 30, 2020.

California Water Service Group Announces Year to Date September 30, 2021 and Third Quarter 2021 Results

SAN JOSE, Calif., Oct. 27, 2021 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 307th consecutive quarterly dividend in the amount of $0.23 per common share. It will be payable on November 19, 2021 to stockholders of record on November 8, 2021.

California Water Service Group Board of Directors Declares 307th Consecutive Quarterly Dividend

SAN JOSE, Calif., Oct. 07, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its third quarter 2021 earnings 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 28, 2021.

California Water Service Group Schedules Third Quarter 2021 Earnings Results Announcement and Conference Call

SAN JOSE, Calif., Oct. 06, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) has been named a Great Place to Work for the sixth year in a row by the Great Place to Work® Institute, the utility announced today. The award comes on the heels of the company being named a Top Workplace in the Bay Area by the Bay Area News Group and honored with Most Valuable Corporate COVID-19 Response by the American Business Awards®.

California Water Service Group Receives Great Place to Work® Distinction for Sixth Consecutive Year

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SAN JOSE, Calif., Oct. 04, 2021 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) announced today it has opened its Firefighter Grant Program's 2021 cycle, increasing the amount it will provide local fire departments to $175,000, up 18% from last year. Fire departments (professional or volunteer) that serve at least a portion of one of Cal Water's service areas are invited to apply for grants to offset costs associated with fire protection efforts, equipment, training, and education.

California Water Service Expands Resources Available to Local Firefighters For 2021 Firefighter Grant Program, Applications Now Open

California Water's (CWT) subsidiary completes the replacement work of a water main in Bodfish to improve the supply of water for its customers as well as firefighters.

California Water's (CWT) Arm Upgrades Water Main in Bodfish

Program Expands Impact of Employees' Support for Local Communities and Non-Profits Program Expands Impact of Employees' Support for Local Communities and Non-Profits

California Water Service Group Launches New Employee Charitable Donation Matching Program

California Water's (CWT) unit begins delivery of recycled water to Tesoro Viejo for landscaping and irrigation needs of its residents.

California Water (CWT) Provides Recycled Water to Tesoro Viejo

CWT has raised its dividend for 54 consecutive years and hence it is a Dividend King. The company has proved resilient to the pandemic and is likely to continue raising its dividend for many more years.

California Water Service: This Dividend King Remains Richly Valued

SAN JOSE, Calif., Sept. 14, 2021 (GLOBE NEWSWIRE) -- As part of their mutual commitment to being responsible stewards of the environment and Earth's most precious natural resource, California Water Service (Cal Water) has begun providing recycled water for Tesoro Viejo Master Mutual Water Company's (Tesoro Viejo) customer and community needs.

News for California Water Service Group Stock (CWT)