Earnings summaries and quarterly performance for CALIFORNIA WATER SERVICE.
Executive leadership at CALIFORNIA WATER SERVICE.
Martin Kropelnicki
Detailed
Chief Executive Officer
CEO
James Lynch
Detailed
Senior Vice President, Chief Financial Officer & Treasurer
Michael Luu
Detailed
Senior Vice President, Corporate Services & Chief Risk Officer
Michelle Mortensen
Detailed
Vice President, Corporate Secretary & Chief of Staff
Shannon Dean
Detailed
Senior Vice President, Customer Service & Chief Sustainability Officer
Shawn Bunting
Detailed
Senior Vice President, General Counsel & Business Development
Board of directors at CALIFORNIA WATER SERVICE.
Carol Pottenger
Detailed
Director
Charles Patton
Detailed
Director
Gregory Aliff
Detailed
Director
Jeffrey Kightlinger
Detailed
Director
Lester Snow
Detailed
Director
Patricia Wagner
Detailed
Director
Scott Morris
Detailed
Lead Independent Director
Shelly Esque
Detailed
Director
Thomas Krummel
Detailed
Director
Yvonne Maldonado
Detailed
Director
Research analysts who have asked questions during CALIFORNIA WATER SERVICE earnings calls.
Jonathan Reeder
Wells Fargo Securities
8 questions for CWT
Also covers: AWK, AWR, HE +4 more
Davis Sunderland
Baird
7 questions for CWT
Also covers: BE, DAR, HASI +3 more
Michael Gaugler
Janney Montgomery Scott LLC
5 questions for CWT
Also covers: CPK, RGCO, SJW +1 more
Agnieszka Storozynski
BofA Securities
1 question for CWT
Also covers: AES, AGR, AWK +11 more
Recent press releases and 8-K filings for CWT.
California Water Service Group Reports Q3 2025 Financial Results and Regulatory Updates
CWT
Earnings
Dividends
New Projects/Investments
- California Water Service Group reported Q3 2025 revenue of $311.2 million, a 3.9% increase from Q3 2024, and net income of $61.2 million, resulting in $1.03 per diluted share, consistent with the prior year.
- Year-to-date 2025 operating revenue was $780.2 million, but on a non-GAAP basis (removing 2023 interim rate relief from 2024), year-to-date revenue increased $53.1 million, or 7.3%, over non-GAAP 2024 revenue. Year-to-date net income attributable to the Group was $116.7 million, or $1.96 per diluted share.
- The company declared its 323rd consecutive quarterly dividend of $0.30 per share and announced its 58th annual dividend increase for 2025, representing a 10.71% increase.
- The company made $365 million in water infrastructure investments year-to-date 2025 , and received nearly $35 million in PFAS settlement proceeds. Regulatory progress includes an authorized interim rate increase effective January 1, 2026, for the California 2024 GRC , and a $4.7 million revenue increase in Hawaii effective October 9, 2025. The BVRT utility in Texas added 1,100 new connections year-to-date.
Oct 30, 2025, 3:00 PM
California Water Service Group Reports Q3 2025 Financial Results and Regulatory Updates
CWT
Earnings
Debt Issuance
New Projects/Investments
- California Water Service Group reported Q3 2025 revenue of $311.2 million, a 3.9% increase from Q3 2024, with net income of $61.2 million or $1.03 per diluted share, consistent with the prior year.
- Year-to-date 2025 revenue was $780.2 million, a 4.2% decrease from 2024, but non-GAAP revenue increased 7.3%. Year-to-date net income was $116.7 million or $1.96 per diluted share, a 31.8% decrease from 2024, but non-GAAP net income increased 9.9%.
- The company invested $135.2 million in capital during Q3 2025 and $364.7 million year-to-date, representing a 9.8% increase over 2024 year-to-date.
- In October, the company completed $370 million in long-term financing, including $170 million in senior unsecured notes and $200 million in first mortgage bonds, to strengthen its balance sheet and support infrastructure investments.
- For the California 2024 general rate case, the Administrative Law Judge authorized an interim rate increase tied to CPI and a memorandum account to recover lost revenues if the decision is delayed beyond January 1, 2026. The company also received $35 million in year-to-date net PFAS settlement proceeds.
Oct 30, 2025, 3:00 PM
California Water Service Group Reports Q3 2025 Financial Results and Operational Updates
CWT
Earnings
New Projects/Investments
Legal Proceedings
- California Water Service Group reported Q3 2025 revenue of $311.2 million, a 3.9% increase from Q3 2024, with net income of $61.2 million and diluted earnings per share of $1.03, consistent with the prior year.
- For the first nine months of 2025, operating revenue was $780.2 million. Non-GAAP year-to-date net income, which removes the impact of 2023 interim rate relief from 2024 results, increased $9.8 million (9.9%) over non-GAAP 2024 results.
- The company invested $135 million in water infrastructure during Q3 2025, representing a 14.8% increase over Q3 2024, bringing the year-to-date investment to $365 million.
- CWT refinanced short-term borrowings with $370 million in long-term notes and bonds during the quarter. Additionally, it received an additional $24 million in net PFAS settlement proceeds in Q3, bringing the year-to-date total to approximately $35 million.
- The 2024 general rate case in California may experience a slight delay, but the company has been authorized to file a Tier 1 advice letter for an inflationary offset if the decision is delayed, and a memorandum account was granted to track and recover costs. An all-party settlement for the Texas rate case is awaiting final approval, expected in Q4 2025.
Oct 30, 2025, 3:00 PM
California Water Service Group (CWT) Reports Q3 2025 Results and Strategic Updates
CWT
Earnings
New Projects/Investments
Dividends
- California Water Service Group (CWT) reported Q3 2025 operating revenue of $311.2 million and diluted EPS of $1.03. Year-to-date 2025 non-GAAP diluted EPS was $1.96.
- The company invested $135.2 million in water system infrastructure during Q3 2025, contributing to a year-to-date total of $364.7 million, and issued $370 million in Notes and Bonds.
- CWT received $24.2 million net in PFAS settlement payments in Q3 2025, bringing the year-to-date total to $34.8 million net.
- The anticipated 2025 annual dividend is $1.24, reflecting a 10.71% increase, including a one-time special dividend.
Oct 30, 2025, 3:00 PM
California Water Service Group Reports Strong Q3 2025 Results and Strategic Financial Activities
CWT
Earnings
Dividends
Debt Issuance
- California Water Service Group reported Q3 2025 net income of $61.2 million and diluted EPS of $1.03, consistent with Q3 2024, while revenue increased by 3.9% to $311.2 million compared to Q3 2024.
- The company invested $135.2 million in water system infrastructure during Q3 2025, representing a 14.8% increase over Q3 2024, bringing year-to-date capital investments to $364.7 million.
- Regulatory approvals include authorization for inflation-based interim rate increases for California Water Service effective January 1, 2026, and approval from the Hawaii Public Utilities Commission to increase annual revenues by $4.7 million for Hawaii Water Service.
- The company declared its 323rd consecutive quarterly dividend of $0.30 per share, continuing its record of 58 consecutive years of dividend increases.
- On October 1, 2025, the company completed the sale and issuance of $170.0 million in Senior Unsecured Notes and $200.0 million in First Mortgage Bonds, totaling $370.0 million in aggregate principal amount.
Oct 30, 2025, 1:15 PM
California Water Service Group Issues Senior Notes
CWT
Debt Issuance
- CALIFORNIA WATER SERVICE GROUP authorized the issue and sale of $170,000,000 aggregate principal amount of Senior Notes.
- This includes $70,000,000 in 4.87% Senior Notes, Series A, due October 1, 2032.
- Additionally, $100,000,000 in 5.22% Senior Notes, Series B, due October 1, 2035 were authorized.
- The sale and purchase of these Notes occurred at a closing on October 1, 2025.
Oct 3, 2025, 7:48 PM
Quarterly earnings call transcripts for CALIFORNIA WATER SERVICE.
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