Key Takeaways Washington Water gained UTC approval to boost annual revenues by $178K for the Stroh's system. The hike will be phased in over two years, with the first half effective immediately and the rest in 2026. Revenue hike will help recover the investment made in improving the Stroh's system.California Water Service Group’s (CWT) subsidiary Washington Water Service received approval from the Washington Utilities and Transportation Commission (“UTC”) to increase annual revenues by nearly $178,000 in ...

GIG HARBOR, Wash., June 04, 2025 (GLOBE NEWSWIRE) -- Washington Water Service (Washington Water), a subsidiary of California Water Service Group (NYSE: CWT), has received approval from the Washington Utilities and Transportation Commission (UTC) to increase annual revenue by approximately $178,000 in its Stroh’s water system and adjust water rates accordingly. This increase in annual revenue will be phased in over two years to reduce the impact to customers, with rates reflecting half of the change effectiv ...

California Water Service Group (CWT) subsidiary, California Water Service (Cal Water) has signed agreements with Casa Loma Water Company and Palm Mutual Water Company to acquire both systems’ water utility assets.Both acquisitions are subject to satisfactory closing conditions and approval by the California Public Utilities Commission. Cal Water intends to file a Tier 2 Advice Letter requesting the adoption of existing Cal Water rates for the new customers.Key Details of the AgreementCasa Loma provides serv ...

SAN JOSE, Calif., May 29, 2025 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), has signed agreements with Casa Loma Water Company (Casa Loma) and Palm Mutual Water Company (Palm Mutual) to acquire both systems’ water utility assets. Casa Loma serves about 900 people through 237 residential and 11 commercial customer connections. The system is located three miles from Cal Water’s Bakersfield Operations Center and is surrounded by ...

On the first day of this month, California Water Service Group (NYSE: CWT ) released its Q1 2025 earnings report, which appeared to contain disappointing results. The company’s revenue number of $203 million was almost 25% below last year’s mark and $11.5 million less thanI have been involved in the financial world for over 20 years with experience as an advisor, teacher, and writer. I am a full believer in the free-market system and that financial markets are efficient with most stocks reflecting their rea ...

Core Points - California Water Service (Cal Water) has organized field trips for over 400 students across California to educate them about the importance of water conservation and its role in the ecosystem [1][2] - The initiative, Aqua Adventures, is part of Cal Water's conservation education program "Tap Into Learning," which has been running for 11 years and offers various educational opportunities for students [2][4] - Cal Water also provides $250 Water Smart Grants for teachers to propose water-related classroom projects, promoting further engagement in water conservation education [4] Company Overview - California Water Service provides reliable water utility services to more than 2.1 million people through 499,400 service connections [5] - The company focuses on enhancing the quality of life for customers and communities by investing in water and wastewater infrastructure and sustainability initiatives [5] - Cal Water has received recognition as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek, highlighting its commitment to integrity and community well-being [5]

Core Viewpoint - California Water Service Group emphasizes its commitment to sustainability and corporate responsibility in its 2024 Sustainability Report, highlighting progress in emissions reductions, water quality, infrastructure investments, and employee development [1][4]. Group 1: Protecting the Planet - The company has reduced Scope 1 and 2 greenhouse gas emissions by 23.5% compared to the base year 2021 [6]. - It has invested nearly $3 million in emissions-reducing energy solutions, including LED lighting retrofits and EV charger installations [6]. - The company conducted over 615,000 water quality tests, achieving 100% compliance with federal and state water quality standards [6]. Group 2: Serving Customers - California Water Service Group provides reliable water and wastewater services to over 2.1 million people across multiple states [5]. - The company has invested in wildfire-hardening projects to enhance resilience during fire events [6]. Group 3: Engaging the Workforce - The company invested more than $815,000 in employee training, averaging 16 hours of training per employee in 2024, which is a 17% increase from the previous year [6]. - It launched the Career Pathways program to outline training and education for employee advancement [6]. - CEO town halls and quarterly leadership visits are conducted to share information and gather employee feedback [6]. Group 4: Governing with Integrity - The Sustainability Report aligns with SASB, TCFD, and GRI standards, ensuring transparency in reporting achievements and metrics [4]. - The company has been recognized as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek [7].

Core Points - Hawaii Water Service has received approval to increase annual revenue by $276,900 in its Ka'anapali system due to infrastructure upgrades and increased operating costs [1] - The last adjustment to base water rates for Ka'anapali was in 2016 [1] - The Hawaii Public Utilities Commission approved a new tiered structure for usage rates to encourage water conservation and support affordability for lower water-using customers, effective April 18, 2025 [2] Company Overview - Hawaii Water Service is a subsidiary of California Water Service Group, which provides regulated and non-regulated water and wastewater services to over 2.1 million people across multiple states [3] - California Water Service Group's common stock trades on the New York Stock Exchange under the symbol "CWT" [3] Infrastructure Investments - Significant investments in the Ka'anapali service area include upgrades to two storage tanks and reservoirs, installation of two additional generators for power outage reliability, and routine replacement of pumping equipment [5]

Core Insights - The Association of California Water Agencies (ACWA) will host its 2025 Spring Conference & Expo on May 14-15 in Monterey, focusing on critical water resource issues in California [1][4] - The conference will feature discussions on disaster responses, watershed health, groundwater recharge, and coordination between state and federal water supply efforts [2] Group 1 - The conference will address responses to various disasters, including catastrophic wildfires in Los Angeles, and how water agencies can prepare for such events [2] - Keynote speakers include National Water Supply Alliance President Katherine Zitsch, who will discuss water supply challenges faced by California and the U.S. Southeast, and Family Farm Alliance Executive Director Dan Keppen, who will share insights from his advocacy work for Western farmers and ranchers [3] Group 2 - ACWA represents approximately 470 public agency members responsible for about 90% of the water delivered in California [4] - The event will provide a platform for presentations, panel discussions, and networking among public water agency leaders [1][4]

Core Insights - California Water Service Group (CWT) reported first-quarter 2025 adjusted earnings of 22 cents per share, exceeding the Zacks Consensus Estimate of 16 cents by 37.5%, but down 81.8% from 1.21 in the same quarter last year [1] - Total operating revenues were $204 million, surpassing the Zacks Consensus Estimate of $180 million by 13.2%, yet decreased 24.7% from $270.7 million in the prior-year quarter [2] - Total operating expenses were $181.6 million, a decrease of 5.8% from $192.9 million in the year-ago quarter, with water production costs down by $1.2 million [3] Financial Performance - Net operating income was reported at $22.3 million, significantly lower than $77.9 million from the previous year [3] - Net interest expenses increased to $15.7 million, up 4.1% from $15 million in the prior-year quarter [4] - As of March 31, 2025, cash and cash equivalents stood at $44.5 million, down from $50.1 million as of December 31, 2024, while net long-term debt was $1.1044 billion, slightly down from $1.1046 billion [5] Market Position - CWT currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook in the market [6] - Upcoming earnings reports from competitors include American States Water (AWR) on May 7, with an estimated earnings increase of 12.9%, and Essential Utilities Inc. (WTRG) on May 12, with an estimated earnings increase of 9.6% [7][8]