Highest-materiality recent filing
Company-wide revenue increase of $90.5M (10.9%) in 2026, $43.2M (4.7%) in 2027, $48.9M (5.1%) in 2028.
Q1 2026 net income $4.0M ($0.07 diluted EPS) vs $13.3M ($0.22) in Q1 2025; revenue up to $214.6M from $204.0M.
The PD authorizes additional revenues of $92.3M (11.1% increase) in 2026, $50.8M (5.5%) in 2027, and $52.4M (5.4%) in 2028.
Q4 2025 net income fell 42% to $11.5M ($0.19 per share) as wet December weather reduced customer consumption.
CWT Q3 net income $61.2M, EPS $1.03; revenue up 3.9% to $311.2M; 58th year of dividend increases
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.
California Water Service Group issues $370M in notes and bonds to refinance debt
Sold $70M 4.87% Senior Notes Series A due 2032 and $100M 5.22% Senior Notes Series B due 2035.
California Water Service Group Q2 net income $42.2M ($0.71 EPS); revenue up 8.5% to $265M
Q2 2025 net income $42.2M ($0.71 diluted EPS) vs Q2 2024 $40.6M ($0.70 EPS), up 3.9%.
S&P Global Affirms A+/Stable Credit Rating for Cal Water, California Water Service Group Subsidiary
S&P Global retained A+/Stable rating for California Water Service (Cal Water), Group's largest subsidiary.
California Water Service Group files $350M ATM equity distribution agreement
Company may sell up to $350M of common stock through agents Baird, BofA, Morgan Stanley, Wells Fargo, Janney, RBC, Blaylock Van, and Ramirez.
Full year 2024 operating revenue $1.037B (+30.5% YoY); diluted EPS $3.25 vs $0.91 in 2023.
California Water Service Q3 EPS $1.03 vs $0.60 YoY; revenue $299.6M up 17.5%
Net income $60.7M vs $34.4M; record $332.2M capex through nine months, up 21%.
California Water Service Q2 EPS $0.70 vs $0.17 YoY; files $1.6B GRC plan
Diluted EPS $0.70 (Q2 2024) vs $0.17 (Q2 2023); net income $40.6M vs $9.6M. Revenue $244.3M vs $194.0M.
Cal Water filed GRC with CPUC proposing $1.6B infrastructure investment (2025-2027), $1.3B new capital.
California Water Service Group Q1 EPS $1.21 vs loss $0.40; 2021 GRC decision boosts revenue $111.8M
Net income $69.9M vs ($22.2M); diluted EPS $1.21 vs ($0.40).
CPUC adopts decision on Cal Water's 2021 rate case; approves $1.21B infrastructure investment
CPUC increases 2023 adopted revenues by ~$39.2M retroactive to Jan 1, 2023; up to $32.2M for 2024 and $31.7M for 2025.
California Water Service Group reports 2023 EPS $0.91, down 48.4% YoY; regulatory delay persists
Net income $51.9M, diluted EPS $0.91 vs $1.77 in 2022 (down 48.4%).
CPUC issues proposed and alternate decisions in Cal Water's 2021 general rate case
CPUC Administrative Law Judges issued a proposed decision; Commissioner issued an alternate proposed decision on Jan 24, 2024.
California Water Service appoints James P. Lynch as CFO/Treasurer
James P. Lynch appointed SVP, CFO and Treasurer effective Jan 3, 2024.
CWT Q3 2023 EPS $0.60 vs $1.03 YoY; CPUC delay hits revenue $14M-$27M
Net income $34.4M, diluted EPS $0.60 vs $55.9M, $1.03 YoY.
Cal Water files CPUC advice letter; ROE rises to 10.27% effective Jan 1, 2024
Authorized ROE increases 70 bps to 10.27% from 9.57% effective Jan 1, 2024.
Cal Water Q2 net income down 51% to $9.6M; $0.17 EPS vs $0.36; GRC delay cuts revenue by $19M-$29M
Diluted EPS $0.17 vs $0.36 YoY; net income $9.6M vs $19.5M; revenue $194M (-5.9%).
Ronald D. Webb, Vice President, Chief Human Resource Officer, notified the California Water Service Group (the “Company”) of his intention to retire effective after the close of business on March 31, 2025
On January 3, 2024, the Board of Directors of California Water Service Group (the “Company”) appointed James P. Lynch to serve as Senior Vice President, Chief Financial Officer and Treasurer.
elect Jeffrey Kightlinger to the Board, effective November 1, 2023
voted to increase the size of the Board from nine to ten directors and to elect Charles R. Patton to the Board, effective July 1, 2023.
On May 26, 2023, Thomas F. Smegal III, Vice President, Chief Financial Officer and Treasurer notified the California Water Service Group (the “Company”) of his intention to retire from his position as Chief Financial Officer effective May 31, 2023.
On May 26, 2023, Robert J. Kuta, Vice President, Engineering & Chief Water Quality & Environmental Compliance Officer notified the Company of his intention to leave the Company effective May 31, 2023 to pursue other opportunities that better suit the needs of his family.
On May 31, 2023, the Board of Directors (the “Board”) appointed David B. Healey, 66, to serve as Interim Vice President, Chief Financial Officer and Treasurer, while the Board evaluates candidates for the permanent position.
Paul G. Townsley, Vice President, Corporate Development, notified the California Water Service Group (the “Company”) of his intention to retire effective May 1, 2023
Thomas A. Scanlon, age 59, will serve as the Company’s next Controller and Principal Accounting Officer effective January 1, 2023.
David B. Healey, Vice President, Controller and Principal Accounting Officer, who notified the Company on June 22, 2022 of his intention to retire at the end of the year.
On September 30, 2022, Lynne P. McGhee, Vice President, General Counsel, notified the California Water Service Group (the “Company”) of her intention to retire effective after the close of business on March 31, 2023 (the “retirement date”), with 19 years of service.
Peter C. Nelson, who, in accordance with the Board’s retirement age policy, will be retiring as a director at the 2023 Annual Meeting.
Max materiality 0.90 · Median 0.53 · Most common event dividend