CWT
California Water Service Group43.90
+0.09+0.21%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.62BP/E (TTM)
19.25Basic EPS (TTM)
2.28Dividend Yield
0.03%Recent Filings
8-K
8-K
Dividend declared at $0.30
California Water Service Group declared its 323rd consecutive quarterly dividend of $0.30 per common share on October 29, 2025, payable November 21 to shareholders of record on November 10. This steady payout underscores the utility's reliable cash flows amid regulated operations. Yet risks could alter future dividends.
8-K
CWT completes $370M debt issuance
California Water Service Group completed a $170 million private placement of senior unsecured notes on October 1, 2025—$70 million 4.87% Series A due 2032 and $100 million 5.22% Series B due 2035—while its subsidiary Cal Water issued $200 million 5.64% first mortgage bonds due 2055. Rated A by S&P for the notes and AA- for the bonds, proceeds will refinance existing debt and support general corporate purposes under utility regulations. This bolsters liquidity yet adds long-term interest costs amid rising rates.
10-Q
Q2 FY2025 results
California Water Service Group posted solid Q2 momentum, with operating revenue climbing 8.5% year-over-year to $265.0 million on rate hikes and higher usage, while net operating income rose 7.6% to $51.8 million. Yet year-to-date, revenue dipped 9.0% to $468.9 million from one-time regulatory adjustments last year, trimming net income to $55.5 million or $0.93 diluted EPS—down from $110.5 million or $1.90. Gross margins held steady amid water production costs up 10.1% quarterly from wholesale rate pressures, but free cash flow turned negative at -$142.0 million after $229.5 million in utility investments. Liquidity stays firm with $96.2 million in cash and restricted cash, $360.0 million short-term borrowings, and $1.1 billion long-term debt under compliant covenants; $10.6 million PFAS settlement bolsters remediation funds. Regulators approved $125.0 million PFAS spend for 2026-2027. Regulatory delays remain a drag.
8-K
Q2 earnings rise amid investments
California Water Service Group posted Q2 2025 net income of $42.2 million, up 3.9% from last year, with revenue climbing 8.5% to $265.0 million on rate hikes and higher usage, while expenses rose 8.7% from production costs and depreciation. The company invested $119.4 million in infrastructure during the quarter, advancing its $1.6 billion 2025-2027 plan amid a progressing California rate case. It signed a deal for Silverwood's wastewater systems, eyeing 15,000 connections, and pocketed $10.6 million net from a PFAS settlement. Solid results, yet regulatory delays linger.
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