US · Utilities · Utilities - Regulated Water
EPS came in at 0.93 against a street estimate of 0.79 — a beat of 17.7%.
Analysts rate California Water Service Group a strong buy (5 buy, 0 hold, 0 sell out of 5) with an average price target of $55.33.
CONFIDENT CWT reported Q2 EPS of $0.93 (beat $0.79 street) on 16.5% revenue growth, driven by California rate case approval ($15.3M IRMA) and deferred WRAM recovery. Capital spending surged 23% YoY to $147M; rate base growing 12% CAGR toward $3.5B by 2028. Q2 2026 California drives earnings via rate recovery mechanism and preapproved capital. Washington settlement lowers near-term uncertainty. Nexus acquisition (Oregon/Nevada) and BVRT buyout (Texas) remain key growth levers pending regulatory approval. One analyst (Davis Sunderland, Baird) pressed affordability, interest rate macro headwinds, and WRAM accounting. Management deflected affordability concerns via historical execution and commission support for infrastructure spend; argued cost-of-capital mechanism protects equity returns; clarified WRAM as non-operational revenue timing. 2026-07-30…
Full summary in the app.
| Fund | Stake |
|---|---|
| BlackRock Inc | 16.67% |
| Vanguard Portfolio Management, LLC | 6.94% |
| Amundi | 5.61% |
| T. Rowe Price Investment Management,Inc. | 5.53% |
| State Street Corp | 5.02% |
| Vanguard Capital Management, LLC | 4.31% |
| ATLAS Infrastructure Partners (UK) Ltd | 3.21% |
| Geode Capital Management, LLC | 2.39% |
| Document | Date |
|---|---|
| Quarterly report · Q2 2026 CALIFORNIA WATER SERVICE GROUP – 10-Q SUMMARY (Q2 2026) HEADLINE NUMBERS • Total Assets: $5,954,964 thousand (June 30, 2026) vs. $5,671,165 thousand | 2026-07-30 |
| Results announced · Q3 2026 CALIFORNIA WATER SERVICE GROUP – Q2 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Q2 2026 Net Income: $56.5 million, or $0.93 per diluted share (vs. $42. | 2026-07-30 |
| Company announcement · Q3 2026 CALIFORNIA WATER SERVICE GROUP (CWT) — 8-K SUMMARY HEADLINE NUMBERS • Quarterly dividend declared at $0.3350 per common share • Payment date: August | 2026-07-29 |
| Shareholder vote results · Q2 2026 CALIFORNIA WATER SERVICE GROUP – 8-K SUMMARY HEADLINE NUMBERS • Annual Meeting of Stockholders held May 20, 2026 • Company ticker: CWT, traded on Ne | 2026-05-21 |
| Reg FD disclosure · Q2 2026 CALIFORNIA WATER SERVICE GROUP – FORM 8-K SUMMARY HEADLINE NUMBERS • No financial results or numerical data provided in this filing • Document is a | 2026-05-20 |
| Quarterly report · Q1 2026 CALIFORNIA WATER SERVICE GROUP – Q1 2026 SUMMARY HEADLINE NUMBERS • Operating Revenue: $214.6 million (Q1 2026) vs. $204.0 million (Q1 2025) – up 5. | 2026-04-30 |
| Proxy statement · Q2 2026 CALIFORNIA WATER SERVICE GROUP — 2026 PROXY STATEMENT SUMMARY WHAT SHAREHOLDERS ARE VOTING ON • Proposal 1: Election of eleven directors (Board reco | 2026-04-08 |
| Annual report FY2025 CALIFORNIA WATER SERVICE GROUP - 2025 ANNUAL REPORT SUMMARY HEADLINE NUMBERS • Market capitalization: $1,582 million (as of June 30, 2025) • Shares | 2026-02-27 |
Readable in the app.
| Action | Detail | Date |
|---|---|---|
| Dividend | $0.34 / share ex-date Aug 10, 2026 · pay Aug 21, 2026 | 2026-08-10 |
| Dividend | $0.34 / share ex-date May 11, 2026 · pay May 22, 2026 | 2026-05-11 |
| Dividend | $0.34 / share ex-date Feb 9, 2026 · pay Feb 20, 2026 | 2026-02-09 |
| Dividend | $0.30 / share ex-date Nov 10, 2025 · pay Nov 21, 2025 | 2025-11-10 |
| Announcement | Date |
|---|---|
| Definitive agreement to purchase Nexus Water Group's Nevada and Oregon subsidiaries On February 25, 2026, California Water Service Group announced it has agreed to acquire Nexus Water Group's Nevada and Oregon subsidiaries for approximately $218 million. The company will fu | 2026-02-25 |
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Google PlayApp StoreData updated 2026-09-18.