California Water Service Group (CWT) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 79.49%. A quarter ago, it was expected that this water utility would post earnings of $0.21 per share when it actually produced earnings of $1.21, delivering a surprise of 476.19%. Over the last four ...

Exhibit 99.1 California Water Service Group Reports Second Quarter Results SAN JOSE, Calif., August 1, 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 second quarter of 2024. Highlights included: · Diluted earnings per share of $0.70 in Q2 2024, compared to $0.17 in Q2 2023. · $214.4 million of capital invested in water sys ...

SAN JOSE, Calif., Aug. 01, 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 second quarter of 2024. Highlights included: Diluted earnings per share of $0.70 in Q2 2024, compared to $0.17 in Q2 2023. $214.4 million of capital invested in water system infrastructure for the first six months of 2024. Declaration of the 318th con ...

SAN JOSE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- At its meeting on July 31, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 318th consecutive quarterly dividend in the amount of $0.28 per common share. It will be payable on August 23, 2024 to stockholders of record as of the close of business on August 12, 2024. California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service ...

Water conservation has been shown to be the lowest-cost source of supply, because when less water is used, some costly investments required to produce additional water supplies can be deferred and potentially avoided. This study, "The Economic Value of Efficiency for California Water Service: Lower Water Bills," details the impact of Cal Water's water conservation efforts on affordability. "Our water conservation efforts have reduced our costs from what they would have been absent conservation throughout al ...

Without the reduction in water demand since 2008-2009, AWE estimates that bills in Cal Water's service areas for the 2010-2022 period would have been at least 1.2 to 20.5 percent higher, depending on the district. The money Cal Water spent on conservation programs was more than offset by lower water production costs, deferred capital spending, and other reduced costs. Furthermore, the study shows that investing in water conservation directly benefits customers by helping to slow the increase in water servic ...

California Water Service Group (CWT) is scheduled to release second-quarter 2024 results on Aug 1. The company has a trailing four-quarter average earnings surprise is 85.16%. Let us discuss the factors that are likely to have impacted its quarterly performance. The company's earnings, however are likely to have been adversely impacted by higher water production expenses and increased in depreciation and amortization expenses. The Zacks Consensus Estimate for CWT's second-quarter sales is $200.3 million, wh ...

SAN JOSE, Calif., July 11, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2024 second quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, August 1, 2024. All stockholders and interested investors are invited to attend the conference call. To attend, please dial 1-800- 715-9871 or 1-646-307-1963 and key in ID# 5681819, or you may access the live audio webcast at https://edge.media-ser ...

Cal Water plans to invest more than $1.6 billion in infrastructure development during the 2025-2027 period. Around 46% of the planned expenditure is reserved for new projects and the replacement of old pipelines to ensure reliable water supply, even during emergencies. Additionally, the company has proposed the Low-Use Water Equity Program to keep water affordable for lowincome customers. American States Water Company (AWR) is investing regularly in upgrades to make its infrastructure strong and resilient. ...

SAN JOSE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- To continue providing safe, clean, reliable tap water to customers across the communities it serves, California Water Service (Cal Water)—the largest subsidiary of California Water Service Group (NYSE:CWT)—yesterday submitted Infrastructure Improvement Plans for its California districts from 2025-2027 in its General Rate Case (GRC) filing with the California Public Utilities Commission (CPUC). The application also proposes a Low-Use Water Equity Program, w ...