Jonathan Reeder

Davis Sunderland

Michael Gaugler

Agnieszka Storozynski

- 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.  **[0001035201_2216786_2]** 
- 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.  **[0001035201_2216786_2]** 
- 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**.  **[0001035201_2216786_1]** **[0001035201_2216786_7]** 
- CWT refinanced short-term borrowings with **$370 million** in long-term notes and bonds during the quarter.  **[0001035201_2216786_1]** **[0001035201_2216786_7]**  Additionally, it received an additional **$24 million** in net PFAS settlement proceeds in Q3, bringing the year-to-date total to approximately **$35 million**.  **[0001035201_2216786_1]** **[0001035201_2216786_5]** **[0001035201_2216786_7]** 
- 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.  **[0001035201_2216786_1]**  An all-party settlement for the Texas rate case is awaiting final approval, expected in Q4 2025.  **[0001035201_2216786_1]** **[0001035201_2216786_4]**

California Water Service Group Reports Q3 2025 Financial Results and Operational Updates

- 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.  **[1035201_0001104659-25-104068_tm2529732d2_ex99-1.htm:0]** 
- 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**.  **[1035201_0001104659-25-104068_tm2529732d2_ex99-1.htm:0]** **[1035201_0001104659-25-104068_tm2529732d2_ex99-1.htm:1]** 
- 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.  **[1035201_0001104659-25-104068_tm2529732d2_ex99-1.htm:0]** **[1035201_0001104659-25-104068_tm2529732d2_ex99-1.htm:2]** 
- The company declared its **323rd consecutive quarterly dividend of $0.30 per share**, continuing its record of **58 consecutive years of dividend increases**.  **[1035201_0001104659-25-104068_tm2529732d2_ex99-1.htm:0]** **[1035201_0001104659-25-104068_tm2529732d2_ex99-1.htm:2]** 
- 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.  **[1035201_0001104659-25-104068_tm2529732d2_ex99-1.htm:1]** **[1035201_0001104659-25-104068_tm2529732d2_ex99-2.htm:3]**

California Water Service Group Reports Strong Q3 2025 Results and Strategic Financial Activities

- California Water Service Group (CWT) reported **Q3 2025 operating revenue of $311.2 million** and **diluted EPS of $1.03**.  **[0001035201_2215723:6]**  Year-to-date 2025 non-GAAP diluted EPS was **$1.96**.  **[0001035201_2215723:7]** 
- 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.  **[0001035201_2215723:6]** 
- CWT received **$24.2 million** net in PFAS settlement payments in Q3 2025, bringing the year-to-date total to **$34.8 million** net.  **[0001035201_2215723:6]** **[0001035201_2215723:10]** 
- The anticipated 2025 annual dividend is **$1.24**, reflecting a **10.71%** increase, including a one-time special dividend.  **[0001035201_2215723:9]**

California Water Service Group (CWT) Reports Q3 2025 Results and Strategic Updates

- CALIFORNIA WATER SERVICE GROUP authorized the issue and sale of **$170,000,000** aggregate principal amount of Senior Notes.  **[1035201_0001104659-25-096613_tm2527762d1_ex10-1.htm:4]** 
- This includes **$70,000,000** in **4.87% Senior Notes, Series A, due October 1, 2032**.  **[1035201_0001104659-25-096613_tm2527762d1_ex10-1.htm:4]** **[1035201_0001104659-25-096613_tm2527762d1_ex10-1.htm:70]** 
- Additionally, **$100,000,000** in **5.22% Senior Notes, Series B, due October 1, 2035** were authorized.  **[1035201_0001104659-25-096613_tm2527762d1_ex10-1.htm:4]** **[1035201_0001104659-25-096613_tm2527762d1_ex10-1.htm:71]** 
- The sale and purchase of these Notes occurred at a closing on **October 1, 2025**.  **[1035201_0001104659-25-096613_tm2527762d1_ex10-1.htm:4]**

CALIFORNIA WATER SERVICE (CWT)