SAN JOSE, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), has finalized the acquisition of Kings Mountain Park Mutual Water Company's (Kings Mountain) water system assets. Cal Water's Bear Gulch District, which has provided water in recent years to Kings Mountain through a system interconnection, will now provide water utility services directly to Kings Mountain customers. The Bear Gulch District already ser ...

SAN JOSE, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- As part of its dedication to enhancing the transparency of its environmental, social, and governance (ESG) program, California Water Service Group (Group or Company) (NYSE: CWT) today released its 2023 ESG Report and ESG Analyst Download. The ESG Report—which is aligned with recognized reporting frameworks and standards, including the Sustainability Accounting Standards Board Water Utilities & Services Industry Standards, the Recommendations of the Task For ...

SAN JOSE, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- As part of its dedication to enhancing the transparency of its environmental, social, and governance (ESG) program, California Water Service Group (Group or Company) (NYSE: CWT) today released its 2023 ESG Report and ESG Analyst Download. The ESG Report—which is aligned with recognized reporting frameworks and standards, including the Sustainability Accounting Standards Board Water Utilities & Services Industry Standards, the Recommendations of the Task For ...

California Water Service Group is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estima ...

James Lynch Sr. Vice President, CFO & Treasurer Forward-Looking Statements INVESTOR RELATIONS 2 First Quarter 2024 Highlights • Authorization to invest $1.2 billion in water system improvement projects (2021-2024) • Adoption of progressive rate design • Recognition of interim rates (FY 2023 -Q1 2024) $83 million in additional state funding to relieve California customers of past-due balances accumulated during the COVID-19 pandemic Commitment to reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions ...

California Water Service Group (NYSE:CWT) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Jim Lynch – Senior Vice President, Chief Financial Officer and Treasurer Marty Kropelnicki – Chairman and Chief Executive Officer Greg Milleman – Vice President of Rates and Regulatory Affairs Conference Call Participants Michael Gaugler – Janney Montgomery Scott Jonathan Reeder – Wells Fargo Angie Storozynski – Seaport Research Partners Davis Sunderland – Baird Operator Good day, ladie ...

The California Water and Wastewater Arrearages Payment Program was created by the California Legislature to be administered by the Water Board in order to provide relief to community water and wastewater systems for unpaid bills (arrearages) related to the COVID-19 pandemic. In 2023, the California Extended Water and Wastewater Arrearages Payment Program was established and extended the relief period to include arrearages accrued from June 16, 2021 to December 31, 2022. In response to the extended program, ...

California Water Service Group (CWT) recorded first-quarter 2024 adjusted earnings of $1.21 per share, which surpassed the Zacks Consensus Estimate of 21 cents by 476.2%. The company reported a loss of 40 cents per share in the year-ago quarter.Total RevenuesOperating revenues totaled $270.7 million, which surpassed the Zacks Consensus Estimate of $169 million by 60%. The top line also increased 106.5% from $131.1 million recorded in the prior-year quarter. The year-over-year increase was due to the adoptio ...

SAN JOSE, Calif., April 25, 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 results for the first quarter of 2024. Highlights included: Diluted earnings per share of $1.21 in Q1 2024, compared to a loss of $0.40 in Q1 2023.A decision on the 2021 California General Rate Case and Infrastructure Improvement Plan (2021 GRC) that authorizes implementation ...

San Jose, Calif. 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 results for the first quarter of 2024. According to Chairman and Chief Executive Officer Martin A. Kropelnicki, the finalized 2021 GRC decision provided welcome clarity to stakeholders while enabling the Company to make critical infrastructure investments. ● Net income attributable to Group was $69.9 million i ...