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California Water Service Group Schedules 2025 Third-Quarter Earnings Results Announcement and Conference Call
Globenewswire· 2025-10-09 20:10
Core Points - California Water Service Group will release its third-quarter earnings results for 2025 on October 30, 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 VP Greg A. Milleman [2] - The company provides regulated and non-regulated water and wastewater services to over 2 million people across multiple states [3] Company Information - California Water Service Group operates as a utility holding company with subsidiaries in California, Hawaii, New Mexico, Texas, and Washington [3] - The company's common stock is traded on the New York Stock Exchange under the symbol "CWT" [3] - Additional information about the company can be found on its official website [3]
3 Water Stocks With Decades of Rising Dividends
Investing· 2025-10-03 06:52
Group 1: Ecolab Inc - Ecolab Inc reported strong financial performance with a revenue increase of 10% year-over-year, reaching $3.8 billion in the latest quarter [1] - The company emphasized its commitment to sustainability and innovation, which are expected to drive future growth [1] - Ecolab's water management solutions are gaining traction, contributing significantly to its overall revenue [1] Group 2: Roper Technologies Inc - Roper Technologies Inc experienced a revenue growth of 8% year-over-year, totaling $1.5 billion in the recent quarter [1] - The company highlighted its strategic acquisitions that have expanded its product offerings and market reach [1] - Roper's focus on software and technology solutions is positioning it well for future opportunities in various sectors [1] Group 3: California Water Service Group - California Water Service Group reported a revenue increase of 5% year-over-year, amounting to $200 million in the latest financial results [1] - The company is actively investing in infrastructure improvements to enhance service reliability and efficiency [1] - Regulatory changes and environmental considerations are influencing the company's operational strategies and growth prospects [1]
CWT vs. MSEX: Which Stock Is the Better Value Option?
ZACKS· 2025-10-02 16:41
Core Insights - The article compares California Water Service Group (CWT) and Middlesex Water (MSEX) to determine which stock offers better value for investors [1] Valuation Metrics - CWT has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while MSEX has a Zacks Rank of 4 (Sell) [3] - CWT's forward P/E ratio is 18.68, compared to MSEX's forward P/E of 21.37, suggesting CWT is more attractively priced [5] - CWT has a PEG ratio of 2.13, while MSEX's PEG ratio is significantly higher at 3.65, indicating CWT's expected earnings growth is more favorable [5] - CWT's P/B ratio is 1.6, whereas MSEX's P/B ratio is 2.08, further supporting CWT's valuation advantage [6] Investment Conclusion - CWT exhibits stronger estimate revision activity and more attractive valuation metrics than MSEX, making it the preferred choice for value investors at this time [7]
California Water Service Group raises $370M in private placement debt
Seeking Alpha· 2025-10-02 07:07
Group 1 - The article does not provide any relevant content regarding company or industry insights [1]
California Water Service Group Sells $170 Million of Senior Unsecured Notes and California Water Service Company Sells $200 Million of First Mortgage Bonds
Globenewswire· 2025-10-01 21:49
Core Viewpoint - California Water Service Group announced the sale of $170 million in Senior Unsecured Notes and $200 million in First Mortgage Bonds to refinance existing debt and for general corporate purposes [1][4]. Group Overview - California Water Service Group is the parent company of regulated utilities including Cal Water, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service, serving over 2.1 million people across multiple states [6]. Financial Details - The Senior Unsecured Notes include $70 million of 4.87% notes due October 1, 2032, and $100 million of 5.22% notes due October 1, 2035, rated "A" by S&P Global [2]. - The First Mortgage Bonds consist of $200 million of 5.64% bonds maturing October 1, 2055, rated "AA-" by S&P [2]. Interest Payment Structure - Interest on both the Notes and Bonds will accrue semi-annually and be payable in arrears, with the Notes ranking equally with the Group's existing indebtedness [3]. Use of Proceeds - The net proceeds from the sale of the Notes will be used to refinance existing debt and for general corporate purposes, while the proceeds from the Bonds will also be allocated for refinancing existing debt and general corporate purposes as per California Public Utilities Code [4].
Washington Water Service Proposes Rate Adjustment for Investments Made in Local Systems to Help Maintain Safe and Reliable Service
Globenewswire· 2025-09-30 20:15
Core Viewpoint - California Water Service Group's subsidiary, Washington Water Service, has requested a water rate increase of $14.9 million to cover costs related to system improvements and rising operational expenses over the past two years [1][2]. Summary by Sections Rate Increase Request - Washington Water Service has filed a request with the Washington Utilities and Transportation Commission to increase water rates by $14.9 million [1]. - The proposed increase is aimed at recovering costs associated with improvements and maintenance of local water systems, as well as increased operational expenses [1][2]. Investment Details - Major investments include the installation of water mains across various systems, treatment facilities for contaminants, and upgrades to booster pump stations [7]. - Specific projects include: - 1,000 feet of water main in Minterbrook, 700 feet in Sunshine Acres, and 2,500 feet in Ranch Acres Shores [7]. - Treatment facilities to remove lead, copper, arsenic, iron, and manganese in different systems [7]. Operational Costs - The rate increase accounts for higher operating expenses, including material and equipment costs, depreciation from new facilities, and increased labor costs [2]. - Additional costs are related to compliance with new federal regulations regarding PFAS testing [2]. Commitment to Service - The company emphasizes its commitment to providing safe, clean, and reliable water at affordable rates while managing expenses amid rising costs and stringent regulations [3]. - If approved, the new rates could take effect as early as November 15, 2025 [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 multiple states [4]. - The company focuses on enhancing the quality of life for customers and communities through responsible investments in water infrastructure and sustainability initiatives [5].
California Water Service Opens 2025 Firefighter Grant Program
Globenewswire· 2025-09-29 20:15
Core Points - California Water Service (Cal Water) has launched its seventh annual Firefighter Grant Program to support local fire departments with funding for life-saving equipment and training [1][2] - Since its inception in 2019, the program has provided over $1 million in grants to 27 fire departments, with individual grants ranging from $10,800 to $38,400 [2][3] - The program is part of Cal Water's commitment to community partnership and emergency response coordination, enhancing local fire departments' capabilities [3][4] Funding Details - The grants are aimed at offsetting costs for essential fire protection equipment, training, and education for both professional and volunteer fire departments [1][2] - Equipment funded includes ballistic helmets, portable radios, wildland firefighting gear, cardiac EKG monitors, and mental wellness coaching [2] - The application period for the current cycle is open until November 7, 2025, with notifications for recipients planned for late fall [3] Company Overview - California Water Service provides water utility services to over 2.1 million people through 499,400 service connections [6] - The company focuses on enhancing community quality of life through responsible investments in infrastructure and sustainability initiatives [6] - Cal Water has received recognition as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek [6]
Avila Elected to Lead Association of California Water Agencies
Globenewswire· 2025-09-29 16:17
Core Points - The Association of California Water Agencies (ACWA) has elected Ernesto "Ernie" Avila as president and Carol Lee Gonzales-Brady as vice president for a two-year term starting January 1, 2026 [1][5] Group 1: Leadership Changes - Ernesto Avila, currently ACWA's vice president, has been elected as president, succeeding Cathy Green [3][5] - Carol Lee Gonzales-Brady will replace Avila as vice president; she has served on the Rancho California Water District Board since 2017 [4][5] Group 2: Leadership Background - Avila has over 42 years of experience in water-related fields and has held various leadership positions, including director of engineering at Contra Costa Water District [2] - Gonzales-Brady has experience in federally regulated industries and is involved with the Southern California Water Coalition and Urban Water Institute [4] Group 3: ACWA Overview - ACWA is the largest statewide coalition of public water agencies in the U.S., with approximately 470 members responsible for about 90% of California's water delivery [5]
CWT or YORW: Which Water Supply Stock Promises Greater Returns?
ZACKS· 2025-09-24 15:20
Industry Overview - The Zacks Utility - Water Supply industry includes companies that provide drinking water and wastewater services to various customers, including industrial, commercial, residential, and military bases [1] - Water utilities are essential for maintaining healthy living conditions by ensuring a constant supply of clean water and reliable sewer services [2] Infrastructure and Investment Needs - Water utility operators manage approximately 2.2 million miles of aging pipelines and require significant investments for maintenance and expansion, estimated at $1.25 trillion over the next 20 years according to the U.S. Environmental Protection Agency [3] - Recent interest rate cuts by the Federal Reserve, reducing benchmark rates to 4-4.25%, are expected to benefit capital-intensive utility operators by lowering capital servicing expenses [4] Company Comparisons - A comparative analysis was conducted on California Water Service Group (CWT) and The York Water Company (YORW), both currently rated Zacks Rank 2 (Buy) [5] - CWT's 2025 earnings estimate is $2.39 per share on revenues of $1 billion, reflecting a year-over-year decrease of 26.5% in earnings and a 3.3% decline in revenues [6] - YORW's 2025 earnings estimate is $1.35 per share on revenues of $78 million, indicating a 4.9% decline in earnings but a 4.1% growth in revenues [6] Financial Metrics - CWT has a debt-to-capital ratio of 48.11% and YORW has 48.22%, both below the industry average of 50.04% [7] - The times interest earned ratio for CWT is 2.9 and for YORW is 3.1, indicating both companies have sufficient financial flexibility to meet near-term interest obligations [8] Dividend and Performance - CWT's current dividend yield is 2.63% and YORW's is 2.82%, both higher than the Zacks S&P 500 composite average of 1.1% [9] - CWT shares have increased by 0.4% quarter-to-date, while YORW shares have decreased by 1.6%, compared to the industry's overall gain of 0.9% [10][12] Earnings Surprise and Historical Performance - CWT has delivered an average earnings surprise of 51.6% over the last four quarters, while YORW has experienced a negative earnings surprise of 5.22% [11] Conclusion - Both CWT and YORW are suitable choices for investment, focusing on water and wastewater services with potential for expansion. However, CWT is preferred due to better debt management and price performance compared to YORW [14]
CWT vs. AWK: Which Stock Should Value Investors Buy Now?
ZACKS· 2025-09-16 16:41
Core Viewpoint - Investors in the Utility - Water Supply sector should consider California Water Service Group (CWT) and American Water Works (AWK), with CWT appearing more attractive for value investors due to its stronger earnings outlook and better valuation metrics [1][3]. Valuation Metrics - CWT has a forward P/E ratio of 18.95, while AWK has a forward P/E of 24.05, indicating that CWT is potentially undervalued compared to AWK [5]. - The PEG ratio for CWT is 2.16, compared to AWK's PEG ratio of 3.25, suggesting that CWT offers better value when considering expected earnings growth [5]. - CWT's P/B ratio is 1.62, while AWK's P/B ratio is 2.51, further supporting the notion that CWT is more attractively priced [6]. Zacks Rank and Style Scores - CWT currently holds a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions, while AWK has a Zacks Rank of 4 (Sell) [3]. - The Style Score Value grade for CWT is B, whereas AWK has a Value grade of D, highlighting CWT's superior valuation metrics [6]. Conclusion - Based on stronger estimate revision activity and more attractive valuation metrics, CWT is positioned as the superior option for value investors compared to AWK [7].