California Water Service(US:CWT) ZACKSยท2025-07-31 16:56Core Insights - California Water Service Group (CWT) reported second-quarter 2025 adjusted earnings of 71 cents per share, exceeding the Zacks Consensus Estimate of 46 cents by 54.3% and increasing 1.4% from the previous year's 70 cents [1][9] CWT's Total Revenues - CWT's operating revenues reached $265 million, surpassing the Zacks Consensus Estimate of $226 million by 17.3% and showing an 8.5% increase from $244.3 million in the prior-year quarter [2][9] CWT's Operational Update - Total operating expenses were $213.1 million, up 8.7% from $196.1 million in the year-ago quarter - Water production costs rose by $7.9 million due to increased wholesale water rates and customer usage - Maintenance expenses increased by 2.9% year over year to $9 million - Net operating income was $51.8 million, compared to $48.2 million in the previous year [3][9] CWT's Financial Update - As of June 30, 2025, CWT had cash and cash equivalents of $50.5 million, slightly up from $50.1 million as of December 31, 2024 - Net long-term debt stood at $1,104 million, a slight decrease from $1,104.6 million as of December 31, 2024 [5] CWT's Zacks Rank - California Water currently holds a Zacks Rank 3 (Hold) [6] Upcoming Releases - American States Water (AWR) is expected to report second-quarter 2025 results on August 6, with a consensus estimate for earnings at 92 cents per share, indicating a year-over-year increase of 8.2% [7] - Consolidated Water Co. Ltd (CWCO) is also set to report second-quarter 2025 results soon, with a consensus estimate for earnings at 20 cents per share [8]