California Water Q1 Earnings Top Estimates, Revenues Decline Y/Y

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$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]