SAN JOSE, Calif., July 23, 2025 (GLOBE NEWSWIRE) -- (NYSE: CWT)—As part of its mission to provide sustainable water utility services, California Water Service (Cal Water) has signed a 20-year power purchase agreement with EDPR NA Distributed Generation LLC (EDPR NA DG) for a 2.35-megawatt direct current (MWdc) / 1.75-megawatt alternating current (MWac) solar photovoltaic array to be installed at Cal Water’s Northeast Bakersfield Treatment Plant. The partnership between Cal Water, the largest subsidiary of C ...

Power Purchase Agreement Expected to Generate 3,800 Megawatt-Hours Annually for Bakersfield Treatment PlantSAN JOSE, Calif., July 23, 2025 (GLOBE NEWSWIRE) -- (NYSE: CWT)—As part of its mission to provide sustainable water utility services, California Water Service (Cal Water) has signed a 20-year power purchase agreement with EDPR NA Distributed Generation LLC (EDPR NA DG) for a 2.35-megawatt direct current (MWdc) / 1.75-megawatt alternating current (MWac) solar photovoltaic array to be installed at Cal Wa ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider California Water Service Group (CWT) . This company, which is in the Zacks Utility - Water Supply industry, shows potential for another earnings beat.This water utility has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the pa ...

Summary of California Water Service Group's Scholarship Program Core Viewpoint California Water Service Group has awarded $80,000 in scholarships to thirteen students as part of its commitment to enhance the quality of life for the communities it serves, bringing the total scholarship amount to $839,000 since the program's inception [1][4]. Group 1: Scholarship Recipients - Nine out of the thirteen scholarship recipients are first-generation college students, highlighting the program's impact on underrepresented communities [2]. - The scholarships were awarded based on academic achievement, community service, and financial need, with four students receiving $10,000 each, seven receiving $5,000, and two receiving $2,500 [2][3]. Group 2: Individual Aspirations - Recipients have diverse academic goals, including studying molecular and cellular biology, applied mathematics, biochemistry, economics, and engineering, with aspirations ranging from becoming a physician to working at NASA [3]. - Notable recipients include Princess A., who aims to provide healthcare in underserved areas, and Robert B., who aspires to improve healthcare policy as a U.S. Senator [3]. Group 3: Philanthropic Commitment - The scholarship program is funded by stockholder contributions and is administered by Scholarship America, ensuring that it does not affect customer rates [4]. - California Water Service Group emphasizes its commitment to community well-being and sustainability through responsible investments in infrastructure and initiatives [6]. Group 4: Company Overview - California Water Service Group is the largest regulated water utility operating exclusively in the western United States, serving over 2.1 million people across multiple states [5]. - The company has been recognized for its responsible business practices and commitment to integrity, being named one of "America's Most Responsible Companies" by Newsweek [6].

Core Points - California Water Service Group will release its 2025 second-quarter earnings results on July 31, 2025, at 9:00 a.m. ET, followed by a conference call at 11:00 a.m. ET [1] - The conference call will be hosted by key executives including Chairman and CEO Martin A. Kropelnicki, CFO James P. Lynch, and Chief Business Development Officer Shilen M. Patel [2] - A slide presentation will be available on the company's website prior to the call [2] Company Overview - California Water Service Group is the parent company of several regulated utilities, including California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service [3] - The company provides regulated and non-regulated water and wastewater services to over 2 million people across California, Hawaii, New Mexico, Texas, and Washington [3] - The common stock of California Water Service Group trades on the New York Stock Exchange under the symbol "CWT" [3]

Core Insights - California Water Service Group has received an A+/Stable credit rating from S&P Global for its largest subsidiary, California Water Service (Cal Water), indicating an "excellent" business risk rating and "intermediate" financial risk rating [1] - The Chairman & CEO, Martin A. Kropelnicki, expressed satisfaction with the rating, highlighting it as validation of Cal Water's strong balance sheet, fiscal discipline, and credit metrics, which enable responsible infrastructure investments [1] Company Overview - California Water Service Group is the parent company of several regulated utilities, including California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service, collectively serving over 2.1 million people across multiple states [2] - The company's common stock is traded on the New York Stock Exchange under the symbol "CWT" [2]

Core Viewpoint - California Water Service Group's subsidiary, California Water Service, has entered into an agreement to own and operate the wastewater and recycled water systems of the Silverwood community in San Bernardino County, CA, aligning with its strategy to diversify water sources and enhance sustainability [1][2]. Agreement Details - Cal Water will serve approximately 500 wastewater connections currently supplied by the City of Hesperia after the completion of Silverwood's wastewater treatment plant, which is expected to have over 15,000 customer connections upon full development [3]. - The ownership transfer will occur in phases as systems are completed, contingent upon satisfying closing conditions, and will be reorganized as a Cal Water district under the California Public Utilities Commission's supervision [4]. Service Reliability and Expansion - California Water is focused on expanding operations in the western United States through acquisitions, exploring new opportunities in both regulated and non-regulated water and wastewater activities [5]. - The company plans to invest $660 million in capital expenditures in 2025 and a total of $2.06 billion from 2025 to 2027 to upgrade infrastructure and improve service quality [7]. Industry Significance - The U.S. has nearly 50,000 community water systems and 14,000 wastewater treatment systems, which are vital for public health and environmental sustainability [8]. - There is a growing trend of U.S. water utility companies acquiring wastewater systems to address funding and management challenges faced by municipalities, bringing in necessary capital and expertise for upgrades [9]. Competitor Activities - Other companies, such as American Water Works, Middlesex Water Company, and Essential Utilities, are also pursuing wastewater acquisitions as part of their growth strategies, indicating a broader industry trend towards consolidation and expansion in wastewater services [11][12][13]. Stock Performance - Over the past three months, California Water's shares have increased by 0.5%, compared to a 4.3% growth in the industry [14].

Core Insights - California Water Service (Cal Water) has signed an agreement to own and operate the wastewater and recycled water systems for the Silverwood community in San Bernardino County, California [1][2] - The development will initially have approximately 500 wastewater connections, expanding to over 15,000 at full buildout [2] - The phased ownership transfer is subject to satisfactory closing conditions and will be overseen by the California Public Utilities Commission [3] Company Overview - California Water Service provides utility services to over 2.1 million people through 499,400 service connections [4] - The company focuses on enhancing quality of life through responsible investments in water and wastewater infrastructure and sustainability initiatives [4] - Cal Water has received recognition as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" [4]

Core Viewpoint - California Water Service Group (CWT) is positioned as a strong investment option in the Zacks Utility Water Supply industry due to its consistent infrastructure investments, acquisitions, and organic growth strategies [1] Growth Forecast & Surprise History - The Zacks Consensus Estimate for CWT's 2026 earnings per share (EPS) has increased by 0.8% to $2.53 over the past 60 days [2] - The estimated revenues for 2026 are projected at $1.02 billion, indicating a year-over-year growth of 5.7% [2] - CWT's long-term earnings growth rate is forecasted at 8.8%, with an average earnings surprise of 57.87% over the last four quarters [2] Debt Profile Overview - CWT's total debt to capital ratio stands at 47.25%, which is better than the industry average of 56.04% [3] - The times interest earned (TIE) ratio for CWT was 3 at the end of Q1 2025, indicating the company can comfortably meet its interest obligations [3] Return to Shareholders - CWT has consistently increased shareholder value through dividends, currently paying a quarterly dividend of $0.30 per share, leading to an annualized dividend of $1.20 [4] - The current dividend yield for CWT is 2.55%, surpassing the industry average of 2.42% [4] Structured Investment Approach - CWT plans to invest $2.06 billion in capital expenditures from 2025 to 2027, with $660 million allocated for 2025 [5] - These investments are aimed at maintaining, upgrading, and expanding existing infrastructure to support a growing customer base [5] Key Acquisitions - CWT has expanded its operations in the western United States through strategic acquisitions, including agreements to acquire water utility assets from Casa Loma Water Company and Palm Mutual Water Company [6] - These acquisitions are expected to enhance the company's customer base and operational capacity [6] Stock Performance - CWT shares have increased by 0.3% over the past month, outperforming the industry's growth of 0.01% [9]

Core Viewpoint - California Water Service Group's subsidiary, Washington Water Service, received approval to increase annual revenues by nearly $178,000 for its Stroh's water system, with adjustments to water rates phased in over two years [1][9]. Rate Approval Details - The revenue increase will be implemented in two phases: the first half effective immediately, and the second half expected to take effect in the second quarter of 2026 [2][9]. Infrastructure Improvements - The rate hike is attributed to higher operating costs and significant improvements made to the water system infrastructure since the acquisition of the Stroh's system in late 2022. Investments include the replacement of two booster pumps, a motor, a well pump, and the installation of a new water quality sampling station [3][4]. Rationale for Rate Hike - Water utilities are permitted to set rates that ensure a fair return on capital investments and cover operating costs. Rate hikes help utilities manage financial commitments and support long-term investment plans [4]. Industry-Wide Rate Approvals - Recent rate approvals across U.S. utility companies indicate a trend where utilities can increase revenues to address critical needs such as infrastructure upgrades and new water efficiency programs. For instance, American Water Works Company is expected to see an annual revenue increase of approximately $79.5 million due to a recent rate hike [6][8]. Company Performance - Over the past three months, California Water Service Group's shares have decreased by 2.2%, contrasting with the industry's growth of 6.1% [13].