Company research
CALIFORNIA WATER SERVICE GROUP
CIK 1035201Updated Sep 24, 2026
SecurityCWT · NYSE · equity
CWT price & chart
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NYSE:CWT on TradingView ↗About the company
Group is the parent company of regulated utilities Cal Water, Hawaii Water Service, New Mexico Water Service and Washington Water Service, as well as Texas Water Service (TWSC, Inc.), a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.2 million people in California, Hawaii, New Mexico, Washington, and Texas. Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.
In the news
California Water Service Group Board of Directors Declares 326th Consecutive Quarterly Dividend ↗
Recent filings
Show 5 more recent filings
4 filing
144 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Other Events
Items 8.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,671,165,000Source | 5,180,283,000Source | 4,595,533,000Source | 3,850,752,000Source |
| GoodwillUSD | 37,063,000Source | 37,063,000Source | 37,039,000Source | 36,814,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 51,820,000Source | 50,121,000Source | 39,591,000Source | 62,100,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 56,322,000Source | 58,585,000Source | 59,349,000Source | 55,079,000Source |
| Assets, CurrentUSD | 354,428,000Source | 324,136,000Source | 296,285,000Source | 295,535,000Source |
| Operating Lease, Right-of-Use AssetUSD | 12,223,000Source | 13,301,000Source | 13,387,000Source | 14,762,000Source |
| Other Assets, NoncurrentUSD | 360,219,000Source | 302,974,000Source | 231,333,000Source | 175,913,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 596,000Source | 595,000Source | 577,000Source | 556,000Source |
| Retained Earnings (Accumulated Deficit)USD | 729,276,000Source | 674,918,000Source | 549,573,000Source | 556,698,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -13,922,000Source | -7,217,000Source | — | — |
| Additional Paid in Capital, Common StockUSD | 973,454,000Source | 966,975,000Source | 876,583,000Source | 760,336,000Source |
| Liabilities and EquityUSD | 5,671,165,000Source | 5,180,283,000Source | 4,595,533,000Source | 3,850,752,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 418,164,000Source | 538,364,000Source | 430,339,000Source | 294,650,000Source |
| Operating Lease, Liability, CurrentUSD | 1,213,000Source | 1,218,000Source | 962,000Source | 1,065,000Source |
| Accounts Payable, CurrentUSD | 175,729,000Source | 167,533,000Source | 157,305,000Source | 140,986,000Source |
| Operating Lease, Liability, NoncurrentUSD | 11,254,000Source | 12,285,000Source | 12,605,000Source | 13,838,000Source |
| Deferred Income Tax Liabilities, NetUSD | 450,946,000Source | 411,083,000Source | 352,762,000Source | 330,251,000Source |
| Other Liabilities, NoncurrentUSD | 106,418,000Source | 94,179,000Source | 76,776,000Source | 73,615,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 2,571,000Source | 3,015,000Source | 3,579,000Source | 4,804,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 450,946,000Source | 411,083,000Source | 352,762,000Source | 330,251,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 2,270,000Source | 72,422,000Source | 672,000Source | 3,310,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,471,968,000Source | 1,104,571,000Source | 1,052,768,000Source | 1,052,487,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 127,848,000Source | 190,085,000Source | 51,376,000Source | 95,263,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 146,523,000Source | 134,139,000Source | 123,124,000Source | 117,364,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 4,981,000Source | 3,746,000Source | 2,993,000Source | 5,161,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts PayableUSD | -19,832,000Source | 1,743,000Source | 9,896,000Source | -7,626,000Source |
| Deferred Income Tax Expense (Benefit)USD | 17,768,000Source | 29,680,000Source | -6,784,000Source | 4,515,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 302,561,000Source | 290,867,000Source | 217,817,000Source | 243,772,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 1,609,000Source | 175,000Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -520,140,000Source | -474,870,000Source | -389,419,000Source | -335,523,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 0Source | -48,000Source | — | — |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 1,433,000Source | 1,435,000Source | 1,844,000Source | 2,013,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 219,265,000Source | 194,724,000Source | 171,543,000Source | 96,123,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 73,853,000Source | 65,462,000Source | 59,036,000Source | 54,186,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 0Source | 3,160,000Source | — | — |
| Repayments of Long-term DebtUSD | 70,903,000Source | 889,000Source | 1,811,000Source | 5,423,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,686,000Source | 10,721,000Source | -59,000Source | 4,372,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 97,373,000Source | 95,687,000Source | 84,966,000Source | 85,025,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 61,136,000Source | 55,656,000Source | 49,145,000Source | 43,768,000Source |
| Income Taxes Paid, NetUSD | 12,502,000Source | 27,000,000Source | -3,532,000Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 4,700,000Source | 3,500,000Source | 2,700,000Source | 4,900,000Source |
| Amortization of Intangible AssetsUSD | 2,400,000Source | 2,100,000Source | 1,500,000Source | 1,500,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 2,285,000Source | 2,278,000Source | 2,209,000Source | 1,789,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | 0Source | 0Source |
| Gain (Loss) on InvestmentsUSD | 3,884,000Source | 3,578,000Source | 4,919,000Source | -7,161,000Source |
| General and Administrative ExpenseUSD | 141,571,000Source | 139,515,000Source | 142,235,000Source | 132,718,000Source |
| GoodwillUSD | 37,063,000Source | 37,063,000Source | 37,039,000Source | 36,814,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 19,106,000Source | 42,489,000Source | -6,781,000Source | 6,375,000Source |
| InterestExpenseNonoperatingUSD | 70,392,000Source | 60,698,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 128,211,000Source | 190,807,000Source | 51,911,000Source | 96,011,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -363,000Source | -722,000Source | -535,000Source | -748,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 128,211,000Source | 190,807,000Source | 51,911,000Source | 96,011,000Source |
| Other Nonoperating Income (Expense)USD | 24,176,000Source | 22,581,000Source | 24,060,000Source | 11,945,000Source |
| Proceeds from Issuance of Common StockUSD | 4,044,000Source | 89,033,000Source | 115,106,000Source | 106,739,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 368,223,000Source | 124,816,000Source | 0Source | 0Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 963,695,000Source | 905,623,000Source | 790,334,000Source | 772,616,000Source |
| Operating Income (Loss)USD | 170,369,000Source | 225,054,000Source | 77,135,000Source | 127,660,000Source |
| Other Nonoperating Income (Expense)USD | 24,176,000Source | 22,581,000Source | 24,060,000Source | 11,945,000Source |
| Income Tax Expense (Benefit)USD | 19,106,000Source | 42,489,000Source | -6,781,000Source | 6,375,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -363,000Source | -722,000Source | -535,000Source | -748,000Source |
| Net Income (Loss) Attributable to ParentUSD | 128,211,000Source | 190,807,000Source | 51,911,000Source | 96,011,000Source |
| Earnings Per Share, BasicUSD per share | 2.15Source | 3.26Source | 0.91Source | 1.77Source |
| Earnings Per Share, DilutedUSD per share | 2.15Source | 3.25Source | 0.91Source | 1.77Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 59,570,000Source | 58,612,000Source | 56,952,000Source | 54,320,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 59,633,000Source | 58,647,000Source | 56,983,000Source | 54,363,000Source |
| Interest Expense (non-operating)USD | 70,392,000Source | 60,698,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 2,400,000Source | 2,100,000Source | 1,500,000Source | 1,500,000Source |
| Current Income Tax Expense (Benefit)USD | 1,338,000Source | 12,809,000Source | 3,000Source | 1,860,000Source |
| Gain (Loss) on InvestmentsUSD | 3,884,000Source | 3,578,000Source | 4,919,000Source | -7,161,000Source |
| General and Administrative ExpenseUSD | 141,571,000Source | 139,515,000Source | 142,235,000Source | 132,718,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Interest Expense, DebtUSD | — | — | 52,809,000Source | 46,686,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 128,211,000Source | 190,807,000Source | 51,911,000Source | 96,011,000Source |
Filing attachments
tm2621659d1_ex99-1.htm · 8-K · 2026-07-30
EX-99.1 2 tm2621659d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 DATE: July 29, 2026 CONTACT: Jim Lynch, (408) 367-8200 (analysts) Shannon Dean (408) 367-8243 (media) For Immediate Release California Water Service Group Reports Strong Second Quarter 2026 Financial Results SAN JOSE, Calif., July 29, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (Group or the Company, NYSE: CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Washington, and …
Read attachment ↗tm2621659d1_ex99-2.htm · 8-K · 2026-07-30
EX-99.2 3 tm2621659d1_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Second Quarter 2026 Earnings Presentation July 30, 2026 Today’s Speakers 2 Marty Kropelnicki Chairman & CEO James Lynch Sr. Vice President, CFO & Treasurer This presentation contains forward - looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (“PSLRA”). The forward - looking statements are intended to qualify under provisions of the federal securities laws for “safe harbor” t…
Read attachment ↗tm2621527d1_ex99-1.htm · 8-K · 2026-07-29
EX-99.1 2 tm2621527d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 DATE: July 29, 2026 CONTACT: Shannon Dean, sdean@calwater.com, (408) 367-8243 Jim Lynch, (408) 367-8200 For Immediate Release California Water Service Group Board of Directors Declares 326th Consecutive Quarterly Dividend SAN JOSE, Calif., July 29, 2026 - At its meeting on July 29, 2026, the California Water Service Group (NYSE: CWT) Board of Directors declared the Company’s 326 th consecutive quarterly divide…
Read attachment ↗tm2615262d1_ex99-1.htm · 8-K · 2026-05-20
EX-99.1 2 tm2615262d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 DATE: May 20, 2026 CONTACT: Shannon Dean, (408) 367-8243 For Immediate Release California Water Service Group Promotes Tamara S. Johnson to Vice President, California Operations and Gregory D. Shimansky to Vice President, Rates and Regulatory Affairs. SAN JOSE, Calif., May 20, 2026 - At its meeting today, the California Water Service Group (CWT: NYSE) Board of Directors unanimously approved the promotions of Tamara S. Johnson …
Read attachment ↗tm2613168d2_ex99-1.htm · 8-K · 2026-05-01
EX-99.1 2 tm2613168d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 DATE: April 30, 2026 MEDIA CONTACT: Yvonne Kingman, (310) 257-1434 For Immediate Release California Public Utilities Commission Issues Decision in California Water Service’s 2024 General Rate Case, Infrastructure Improvement Plan SAN JOSE, Calif. - California Water Service (Cal Water), the largest subsidiary of California Water Service Group (Group) (NYSE: CWT), received a final decision on its 2024 General Rate Case and Infrast…
Read attachment ↗tm2613168d1_ex99-1.htm · 8-K · 2026-04-30
EX-99.1 2 tm2613168d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 California Water Service Group Reports First Quarter 2026 Financial Results & Provides Update on 2024 California General Rate Case SAN JOSE, Calif., April 29, 2026 -- California Water Service Group (Group or Company, NYSE: CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Washington, and Texas, today reported first quarter 2026 results and provided an update on the revised proposed decision issue…
Read attachment ↗