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California Water Service Group Promotes Kenneth G. Jenkins to Vice President, Water Resources Planning and Sustainability
GlobeNewswire News Room· 2025-01-07 21:20
Executive Promotion - Kenneth G Jenkins promoted to Vice President, Water Resources Planning and Sustainability effective January 1 2025 [1] - Jenkins recognized for improving water supply master planning and leading conservation resilience and sustainability efforts [2] - Jenkins career progression includes roles as Government & Community Relations Manager Conservation Department and Drought Response Task Force leader Director of Water Resource Sustainability and Conservation and Chief Water Resource Sustainability Officer [3] Company Overview - California Water Service Group is the largest regulated water utility in the western United States serving over 2 1 million people across California Hawaii New Mexico Washington and Texas [4] - The company operates through regulated subsidiaries California Water Service Hawaii Water Service New Mexico Water Service and Washington Water Service and its utility holding company Texas Water Service [4] - California Water Service Group focuses on enhancing quality of life through investments in water and wastewater infrastructure sustainability initiatives and community well-being [5] - The company employs over 1 200 people and has been recognized as one of America's Most Responsible Companies and the World's Most Trustworthy Companies by Newsweek [5]
California Water Service Awards More Than $175,000 in Grants to Seven Fire Departments
Globenewswire· 2024-12-18 23:17
SAN JOSE, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- To support local fire departments and their efforts to provide rescue and emergency services, California Water Service (Cal Water) today announced it will award more than $175,000 in grants to seven California fire departments as part of the utility’s sixth annual Firefighter Grant Program. “As a water provider, we partner closely with fire departments in our service areas, so they have access to a reliable supply of water and pressure to keep our communit ...
California Water Service Group Completes Purchase of Kukui'ula South Shore Community Services' Wastewater System
GlobeNewswire News Room· 2024-12-05 21:15
SAN JOSE, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Expanding its operations on The Garden Isle, California Water Service Group (NYSE: CWT) subsidiary Hawaii Water Service (Hawaii Water) finalized the acquisition of Kukui’ula South Shore Community Services’ (KSSCS) wastewater system assets yesterday. Hawaii Water will now own and manage the collection-only wastewater utility, which currently serves about 440 residential, commercial, and resort customers. The system, which is located in southeast Kauai, is e ...
California Water Service Group Named One of “America's Most Responsible Companies” by Newsweek for Fourth Consecutive Year
GlobeNewswire News Room· 2024-12-04 21:15
Company Recognition - California Water Service Group (Group) named one of "America's Most Responsible Companies" for 2025 by Newsweek, marking the fourth consecutive year of this recognition [1] - Group is one of only three investor-owned water utilities ranked in the Energy & Utilities category [2] - The 2025 list includes the top 600 out of 2,000 largest public companies by revenue across 14 industries [2] Selection Criteria - Companies were selected based on 30 publicly available KPIs derived from corporate social responsibility, sustainability, and other reports, along with independent survey results [3] - KPIs focused on environmental, social, and governance (ESG) performance, while the survey assessed public perception of corporate social responsibility activities [3] Company Overview - California Water Service Group is the largest regulated water utility in the western United States, serving over 2.1 million people across California, Hawaii, New Mexico, Washington, and Texas [5] - The company operates through its regulated subsidiaries and a utility holding company, providing high-quality water and wastewater services [5] Corporate Values and Initiatives - Group's purpose is to enhance the quality of life for customers, communities, employees, and stockholders through responsible investments in infrastructure, sustainability initiatives, and community well-being [6] - The company's 1,200+ employees are guided by strong core values, including protecting the planet, caring for people, and operating with integrity [6] - Group has also been recognized as one of the "World's Most Trustworthy Companies" by Newsweek and as a Top Workplace and Great Place to Work® [6]
California Water Leaders Heading to Palm Desert for ACWA Fall Conference
GlobeNewswire News Room· 2024-11-25 18:25
SACRAMENTO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The Association of California Water Agencies (ACWA) 2024 Fall Conference & Expo Dec. 4-5 will transform Palm Desert into a two-day town square for public water agency leaders from throughout California. Presentations and panel discussions will focus on a variety of leading water issues, ranging from climate change impacts on water supplies to the latest in local groundwater management, developments in Bay-Delta policy and innovations in sustainable agriculture. ...
California Water Service(CWT) - 2024 Q3 - Quarterly Report
2024-10-31 20:08
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-13883 CALIFORNIA WATER SERVICE GROUP (Exact name of registrant as specified in its charter) Delaware 77-0448 ...
California Water Service(CWT) - 2024 Q3 - Earnings Call Transcript
2024-10-31 19:55
California Water Service Group (NYSE:CWT) Q3 2024 Results Conference Call October 31, 2024 11:00 AM ET Company Participants James Lynch - Senior Vice President, Chief Financial Officer and Treasurer Martin Kropelnicki - Chairman and Chief Executive Officer Greg Milleman - Vice President of Rates and Regulatory Affairs Conference Call Participants Jonathan Reeder - Wells Fargo Operator Thank you for standing by. My name is Kathleen, and I will be your conference operator today. At this time, I would like to ...
California Water Q3 Earnings Miss Estimates, Revenues Rise Y/Y
ZACKS· 2024-10-31 16:55
California Water Service Group (CWT) recorded third-quarter 2024 adjusted earnings of $1.03 per share, which lagged the Zacks Consensus Estimate of $1.09 per share by 5.5%. However, the bottom line increased from the year-ago quarter’s figure of 60 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.CWT’s Total Revenues Operating revenues totaled $299.6 million, which surpassed the Zacks Consensus Estimate of $269 million by 11.6%. The top line also increased 17.5% from $255 milli ...
California Water Service Group (CWT) Lags Q3 Earnings Estimates
ZACKS· 2024-10-31 15:16
California Water Service Group (CWT) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.50%. A quarter ago, it was expected that this water utility would post earnings of $0.39 per share when it actually produced earnings of $0.70, delivering a surprise of 79.49%.Over the last four qu ...
California Water Service(CWT) - 2024 Q3 - Quarterly Results
2024-10-31 13:16
Exhibit 99.1 1720 N. First Street, San Jose, CA 95112 California Water Service Group Reports Third Quarter Results SAN JOSE, Calif., October 31, 2024 (GLOBE NEWSWIRE) -- 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 financial results for the third quarter of 2024. Highlights included: • Recorded diluted earnings per share of $1.03 in Q3 2024 and $2.93 year-to-date, compar ...