earnings
confidence high
sentiment positive
materiality 0.75
CWT Q3 net income $61.2M, EPS $1.03; revenue up 3.9% to $311.2M; 58th year of dividend increases
CALIFORNIA WATER SERVICE GROUP
2025-Q3 EPS reported
$1.96
revenue$753,013,000
- Q3 net income $61.2M ($1.03 diluted EPS), flat YoY; YTD GAAP net income down 31.8% due to 2023 interim rate relief in 2024.
- Q3 revenue $311.2M (+3.9% YoY) driven by rate increases and M-WRAM, partially offset by lower customer usage.
- Invested $135.2M in water infrastructure in Q3 (+14.8% YoY); authorized interim rate increases in California effective Jan 1, 2026.
- Hawaii PUC approved $4.7 million annual revenue increase for five Waikoloa systems.
- Declared $0.30 per share quarterly dividend (323rd consecutive); 58-year dividend increase streak with 7.7% 5-year CAGR.