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California Water Service Receives CPUC Approval to Acquire Palm Mutual Water Company
Globenewswire· 2025-12-11 22:30
SAN JOSE, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- In another step toward providing safe, reliable water to Palm Mutual Water company (Palm Mutual) customers long-term, California Water Service (Cal Water) has received California Public Utilities Commission (CPUC) approval of its pending acquisition of Palm Mutual. Cal Water is the largest subsidiary of California Water Service Group (NYSE: CWT). Palm Mutual, located two miles from Cal Water’s Northeast Bakersfield Treatment Plant, currently serves 63 resi ...
California Water Service Completes West Goshen Consolidation to Provide Safe, Clean Water to Disadvantaged Community
Globenewswire· 2025-10-28 20:15
Support for Private Well Users Made Possible Due to Grant Funding, Partnership with Department of Water Resources, Community Water Center, and Tulare CountySAN JOSE, Calif., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Forty-four residences struggling with failing private wells in the disadvantaged community of West Goshen now have access to safe, clean, reliable drinking water, as California Water Service (Cal Water) completed connecting its water system to the homes. This consolidation was made possible by advocacy ...
Clear Out: Financial Planner Disposes of Utility Stock Worth $2.9 Million, According to Recent Filing
The Motley Fool· 2025-10-26 21:52
Core Insights - Regency Capital Management Inc. sold its entire position in Northwest Natural Holding Company, liquidating 74,078 shares for an estimated value of $2.94 million as of October 20, 2025 [2][3][10] Company Overview - Northwest Natural Holding Company operates as a regulated utility focused on natural gas distribution and storage, along with water utility and renewable energy operations [5][6] - The company serves approximately 786,000 gas meters and provides water to about 80,000 people through roughly 33,000 water and wastewater connections in the Pacific Northwest and Texas [6][7] - Financial metrics include a revenue of $1.24 billion, net income of $103.25 million, and a dividend yield of 4.10% as of October 20, 2025 [4] Recent Performance - As of October 20, 2025, shares of NWN were priced at $46.66, reflecting a 15.2% increase over the past year, outperforming the S&P 500 by 5.43 percentage points [3][10] - Over the last three years, NWN shares generated a total return of only 18%, with a compound annual growth rate (CAGR) of 5.8%, significantly lagging behind the Utilities Select Sector SPDR Fund (54% total return, 15.5% CAGR) and the S&P 500 (84% total return, 22.6% CAGR) [11]
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]
Why Essential Utilities (WTRG) is Poised to Beat Earnings Estimates Again
ZACKS· 2025-07-29 17:11
Core Insights - Essential Utilities (WTRG) has a strong track record of beating earnings estimates, particularly in the last two quarters with an average surprise of 15.13% [1][5] - The most recent earnings report showed a surprise of 28.75%, with actual earnings of $0.80 per share against an expectation of $1.03 [2] - The previous quarter also saw a positive surprise of 1.52%, with actual earnings of $0.67 per share compared to a consensus estimate of $0.66 [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Essential Utilities, indicated by a positive Earnings ESP (Expected Surprise Prediction) of +6.90% [5][8] - The combination of a positive Earnings ESP and a Zacks Rank 1 (Strong Buy) suggests a high likelihood of another earnings beat in the upcoming report [8] - Historically, stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of beating consensus estimates [6][8] Earnings ESP Metric - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7] - A negative Earnings ESP reduces predictive power but does not necessarily indicate an earnings miss [9] - Companies often beat consensus EPS estimates for various reasons, and the Earnings ESP is a crucial metric to consider before earnings releases [10]
California Water Service Group (CWT) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2025-07-24 15:08
Core Viewpoint - California Water Service Group (CWT) is expected to report a year-over-year decline in earnings and revenues for the quarter ended June 2025, with a consensus outlook indicating a significant drop in earnings per share (EPS) and revenues [1][3]. Earnings Expectations - The consensus EPS estimate for California Water Service Group is $0.46, reflecting a year-over-year decrease of 34.3% [3]. - Revenues are anticipated to be $225.89 million, which is a decline of 7.5% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate for California Water Service Group is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +29.50%, suggesting a bullish outlook from analysts [12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [10]. - California Water Service Group currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, California Water Service Group exceeded the expected EPS of $0.16 by delivering $0.22, resulting in a surprise of +37.50% [13]. - Over the past four quarters, the company has surpassed consensus EPS estimates three times [14]. Industry Comparison - American Water Works (AWK), another player in the water supply industry, is expected to report earnings of $1.49 per share for the same quarter, reflecting a year-over-year increase of 4.9% [19]. - American Water Works has a current Earnings ESP of +0.67% and a Zacks Rank of 2 (Buy), suggesting a strong likelihood of beating the consensus EPS estimate [20].
American Water Works (AWK) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-07-23 15:00
Core Viewpoint - American Water Works (AWK) is expected to report a year-over-year increase in earnings and revenues for the quarter ended June 2025, with a consensus outlook indicating potential stock price movements based on actual results compared to estimates [1][2]. Earnings Expectations - The consensus estimate for quarterly earnings is $1.49 per share, reflecting a year-over-year increase of +4.9% [3]. - Expected revenues are projected at $1.15 billion, which is an increase of 0.5% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.13% lower in the last 30 days, indicating a reassessment by analysts [4]. - The direction of estimate revisions may not always align with the aggregate change, suggesting variability in analyst sentiment [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for American Water Works is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.67% [11]. - The company holds a Zacks Rank of 2, suggesting a strong likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, American Water Works had an earnings surprise of +0.96%, reporting $1.05 per share against an expectation of $1.04 [12]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [13]. Conclusion - American Water Works is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors influencing stock performance beyond earnings results [16].
California Water Service Provides 400 Students with Hands-On Learning to Care for Water Through Conservation Field Trips
Globenewswire· 2025-05-19 20:47
Core Points - California Water Service (Cal Water) has organized field trips for over 400 students across California to educate them about the importance of water conservation and its role in the ecosystem [1][2] - The initiative, Aqua Adventures, is part of Cal Water's conservation education program "Tap Into Learning," which has been running for 11 years and offers various educational opportunities for students [2][4] - Cal Water also provides $250 Water Smart Grants for teachers to propose water-related classroom projects, promoting further engagement in water conservation education [4] Company Overview - California Water Service provides reliable water utility services to more than 2.1 million people through 499,400 service connections [5] - The company focuses on enhancing the quality of life for customers and communities by investing in water and wastewater infrastructure and sustainability initiatives [5] - Cal Water has received recognition as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek, highlighting its commitment to integrity and community well-being [5]