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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

California Water Service's (CWT) unit submits its 2022-2024 infrastructure improvement plans to the CPUC.

California Water Service (CWT) Seeks Approval for System Upgrade

SAN JOSE, Calif., July 02, 2021 (GLOBE NEWSWIRE) -- As part of its commitment to provide a reliable supply of safe, clean water and affordable service to the communities it serves, California Water Service (Cal Water)—the largest subsidiary of California Water Service Group (NYSE: CWT)—yesterday submitted its 2022-2024 infrastructure improvement plans for all of its California districts in its General Rate Case (GRC) filing with the California Public Utilities Commission (CPUC). The proposal also contains proposed new rate designs, which seek to balance revenue stability with reduced customer impacts, especially for low-income and water-saving customers. The CPUC will analyze the infrastructure improvement plans, operating budget proposals, and rate designs to establish water rates that reflect the actual cost of service, effective no earlier than January 2023.

California Water Service Group Files Proposal to Invest $1.02 Billion in its California Water Systems Between 2022 and 2024; Proposes Innovative Rate Design in Response to Regulatory Changes

California Water (CWT) commences water main replacement work at central Los Altos to improve reliability of its services and ensure an uninterrupted supply of the same.

California Water (CWT) Begins Water Main Work at Los Altos

California Water (CWT) concludes replacement work at central Salinas as part of its ongoing initiative to maintain water system infrastructure in the Salinas District.

California Water (CWT) Wraps Up Work at Central Salinas

American Water Works

Essential Utilities

Water utilities like American Water (AWK), Essential Utilities (WTRG), and California Water Services (CWT) are making steady investments to upgrade and maintain their aging infrastructure.

Aging Water Infrastructure Warrants Funds: 3 Stocks in Focus

California Water (CWT) initiates replacement and upgrade of water mains at Rolling Hills to increase reliability of its services and ensure 24x7 water supply.

California Water (CWT) Begins Work at Rolling Hills' Water Main

SAN JOSE, Calif., June 17, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) announced today the recipients of its 8th annual college scholarship program. In total, Group provided $80,000 in scholarships to 12 students living in its California, Hawaii, New Mexico, and Washington service areas for the 2021-2022 academic year.

California Water Service Group Awards 12 Students $80,000 Total in College Scholarships for Upcoming Academic Year

SAN JOSE, Calif., June 15, 2021 (GLOBE NEWSWIRE) -- As part of its drought management and response plan, California Water Service (Cal Water) filed its updated Water Shortage Contingency Plan (Schedule 14.1) with the California Public Utilities Commission yesterday and announced an expanded conservation program to help customers reduce their water use.

Cal Water Files Updated Water Shortage Contingency Plan, Expands Conservation Program to Support Customers Amid Current Drought

California Water's (CWT) unit Hawaii Water Service inks deal to buy assets of HOH Utilities. This will widen its presence on the island of Kauai along with enhancing the reliability of its services.

California Water's (CWT) Arm to Acquire HOH Utilities' Assets

Acquisition Expands Utility's Footprint onto Island of Kauai Acquisition Expands Utility's Footprint onto Island of Kauai

Hawaii Water Service to Acquire HOH Utilities Company

Students Proved Greywater can be Used to Solve Water Conservation Problems for Winning Entry Students Proved Greywater can be Used to Solve Water Conservation Problems for Winning Entry

Munsey Elementary Fifth- and Sixth-Graders Win 2021 H2O Challenge

Twelve Districts Now Within Counties with State Drought Declarations Twelve Districts Now Within Counties with State Drought Declarations

Cal Water Prepared for Drought in its Service Areas

Texas Water Service Enters into Strategic Partnership with BVRT Utility Holding Company Texas Water Service Enters into Strategic Partnership with BVRT Utility Holding Company

California Water Service Group Creates Texas Water Service Subsidiary; Seeks to Capitalize on Growth Opportunities in Texas

WAIKOLOA, Hawaii, May 03, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) subsidiary Hawaii Water Service (Hawaii Water) has completed the acquisition of Kapalua Water Company and Kapalua Waste Treatment Company from Maui Land & Pineapple Company (MLP). Hawaii Water will now begin providing water and wastewater service to ML&P's 1,000 customer connections in the Kapalua, Maui resort area.

Hawaii Water Service Completes Purchase of Kapalua Water Company and Kapalua Waste Treatment Company

California Water Service Group (CWT) CEO Martin Kropelnicki on Q1 2021 Results - Earnings Call Transcript

SAN JOSE, Calif., April 30, 2021 (GLOBE NEWSWIRE) -- For its comprehensive efforts to support employees, customers, and the communities it serves throughout the coronavirus pandemic, California Water Service Group (Group) (NYSE: CWT) has been named a Silver Stevie® Award winner for the Most Valuable Corporate Response in the COVID-19 Response category.

California Water Service Group Receives Silver Stevie® Award for COVID-19 Most Valuable Corporate Response

California Water (CWT) posts wider-than-expected loss for the first quarter. The top line, however, rises year over year along with surpassing estimates.

California Water (CWT) Incurs Loss in Q1, Revenues Beat

California Water Service Group (CWT) delivered earnings and revenue surprises of -100.00% and 12.78%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

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

SAN JOSE, Calif., April 29, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) ( “Company”) today announced a net loss of $3.0 million or $0.06 net loss per diluted common share for the first quarter of 2021, compared to a net loss of $20.3 million or $0.42 net loss per diluted common share for the first quarter of 2020.

California Water Service Group Announces First Quarter 2021 Results

Franco-Nevada C

Middlesex Water

MYR Group

Newmont Mining

With the Fed maintaining an easy monetary policy, rate-sensitive stocks like Middlesex Water (MSEX), MYR Group (MYRG), California Water Service (CWT), Newmont (NEM) & FrancoNevada (FNV) are likely to gain.

5 Big Winners as Fed Keeps Rates Near Zero

SAN JOSE, Calif., April 28, 2021 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 305th consecutive quarterly dividend in the amount of $0.23 per common share. It will be payable on May 21, 2021, to stockholders of record on May 10, 2021.

California Water Service Group Board of Directors Declares 305th Consecutive Quarterly Dividend

California Water (CWT) is replacing old water infrastructure with new ones in northeast Bakersfield to increase the reliability and safety of its services.

California Water (CWT) Upgrades Water Mains in Bakersfield

California Water Service Group (CWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will California Water Service Group (CWT) Report Negative Earnings Next Week? What You Should Know

SAN JOSE, Calif., April 15, 2021 (GLOBE NEWSWIRE) -- As part of its focus on environmental, social, and governance (ESG) performance, California Water Service Group (Group) (NYSE: CWT) today unveiled its 2020 ESG Report outlining its commitment and progress across its four subsidiaries in California, Hawaii, New Mexico, and Washington. The report is located online at www.calwatergroup.com/docs/esg/esg-report-2020.pdf .

California Water Service Group Releases 2020 ESG Report

3 Water Supply Stocks to Tap Amid Industry's Aging Infrastructure Woes

News for California Water Service Group Stock (CWT)