CWT

California Water Service Group CWT is benefiting from strategic investments that support the upgrade and replacement of aging infrastructure. These investments focus on improving system reliability, enhancing water quality and boosting operational efficiency, thereby strengthening service delivery. The company plans to invest $627 million in 2026 and $667 million in 2027, respectively, to support rate base expansion and sustainable long-term earnings growth. These investments strengthen infrastructure, support PFAS treatment, improve efficiency, enhance water system reliability and address quality requirements.Recently, CWT’s subsidiary, Cal Water, received approval from the California Public Utilities Commission to invest $1.45 billion through 2027 in water quality, system reliability, power-outage resilience, cybersecurity and long-term water supply projects. The decision allows the company to increase annual revenues by $90.5 million in 2026, $43.2 million in 2027 and $48.9 million in 2028.CWT expects infrastructure and other capital investments to support a more than 11.1% compound annual rate base growth, with the rate base projected to exceed $3.2 billion by 2027.The company’s planned acquisition of water and wastewater systems could expand its customer base and create additional infrastructure investment opportunities. Overall, continued capital spending, regulatory support and rate-base growth could provide a strong foundation for sustainable earnings growth, although regulatory approvals, financing costs and execution risks remain important considerations. As per the U.S Environmental Protection Agency, nearly $1.25 trillion will be needed over the next 20 years for water and wastewater infrastructure improvements. Aging water infrastructure creates investment opportunities as utilities replace old pipelines, upgrade treatment facilities and improve system reliabilityAmerican Water Works AWK continues to invest in upgrading, expanding and maintaining its water and wastewater infrastructure. The company plans to spend $3.7 billion in 2026 and $19-$20 billion from 2026 through 2030 to support system reliability and long-term growth.American States Water AWR plans to invest $185-$225 million in 2026 to strengthen and improve infrastructure, support rate base growth and create long-term financial opportunities. The Zacks Consensus Estimate for 2026 and...

SAN JOSE, Calif., July 09, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2026 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, July 30, 2026. 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# 5478283, or you may access the live audio webcast at https://edge.media-server.com/mmc/p/p8cvrm58/ Please join at least 15 minutes in advance to ensure a timely connection to the call. A replay of the call will be available from 2:00 p.m. ET on Thursday, July 30, 2026, through September 28, 2026, at 1-800-770-2030 or 1-609-800-9909 and key in ID# 5478283, or by accessing the webcast above. The call will be hosted by Chairman, President and Chief Executive Officer Martin A. Kropelnicki and Senior Vice President, Chief Financial Officer and Treasurer James P. Lynch. Prior to the call, Cal Water will furnish a slide presentation on its website. About California Water Service Group California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.2 million people in California, Hawaii, New Mexico, Texas, and Washington. California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.

A month has gone by since the last earnings report for Consolidated Water (CWCO). Shares have lost about 0.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Consolidated Water due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Consolidated Water Q1 Earnings Miss Estimates, Revenues Decrease Y/YConsolidated Water Co. Ltd. delivered first-quarter 2026 earnings per share of 24 cents, which missed the Zacks Consensus Estimate of 27 cents by 11.11%. The bottom line also declined 22.58% from the year-ago period’s earnings of 31 cents. CWCO’s total revenues for first-quarter 2026 were $30 million, missing the Zacks Consensus Estimate of $33.4 million by 10.18%. The top line also decreased 11.1% from the year-ago figure of $33.7 million. Retail revenues for the quarter decreased 8.86% to $8.6 million. The decrease was primarily due to a 10.2% decline in water sales volume because of significantly higher rainfall in Grand Cayman during the quarter compared with 2025.Bulk revenues increased 3.96% to $8.7 million. The slight growth was driven by new revenue contributions from the recently commissioned seawater desalination facility in Cat Island, the Bahamas.Manufacturing revenues decreased 76% to $1.4 million. The decline was mainly due to the lower total value of new purchase orders and, to a lesser extent, delays in the receipt and commencement of work related to these orders.Services revenues increased 11.64% to $11.3 million. The increase was mainly attributed to revenues generated under O&M contracts, which amounted to $8.9 million for the first quarter of 2026, up 15% from the prior-year quarter. The company’s first-quarter 2026 revenues decreased due to lower contributions from its manufacturing and retail segments. These declines were partly offset by growth in the bulk water and services segment revenues.Gross profit for the first quarter of 2026 was $10.91 million, down 11.30% from $12.31 million in the first quarter of 2025. Total general and administrative expenses increased nearly 3.95% to $7.42 million. Cash and cash equivalents totaled $126.3 million as of March 31, 2026, compared with $123.8 million as of Dec....

A month has gone by since the last earnings report for Essential Utilities (WTRG). Shares have lost about 2.5% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Essential Utilities due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Essential Utilities Q1 Earnings Lag, Revenues Surpass EstimatesEssential Utilities Inc. reported first-quarter 2026 operating earnings per share (EPS) of 83 cents, which lagged the Zacks Consensus Estimate of $1.01 by 17.82%. The bottom line decreased 19.41% from $1.03 in the year-ago quarter.WTRG’s first-quarter GAAP earnings were 79 cents compared with $1.03 reported in the year-ago quarter. The difference between GAAP and operating earnings was due to the impact of merger-related expenses incurred in the quarter. Operating revenues of $862 million surpassed the Zacks Consensus Estimate of $768 million by 12.17%. The top line rose nearly 10% from the prior-year quarter’s $783.6 million. The improvement in total revenues was due to additional revenues from regulatory recoveries and purchased gas costs. Essential Utilities’ water segment reported revenues for the quarter of $323 million, an increase of 7.4% compared to $300.8 million in the first quarter of 2025. The year-over-year improvement was due to regulatory recoveries and increased volume.WTRG’s regulated natural gas segment reported quarterly revenues of $529.4 million, up from $470.8 million in the first quarter of 2025, primarily driven by higher purchased gas costs, increased regulatory recoveries and the impact of weather normalization adjustments. Total operating expenses amounted to $551.1 million, up 23.9% from the year-ago figure of $444.7 million due to increases in purchased gas costs, and higher operation and maintenance expenses than the previous year period.Operating income totaled $310.6 million, down 8.4% year over year. The year-over-year decline was due to an increase in operating expenses. Interest expenses increased 6.33% to $87.3 million from $79.3 million in the prior-year quarter. The company continues to expand its operations through acquisitions and organic initiatives. The pending acquisition, if closed, c...

California Water Service Group recently reported first-quarter 2026 earnings that fell short of estimates due to higher costs, while also announcing an agreement to acquire Nexus Water Group’s water and wastewater systems in Nevada and Oregon. At the same time, a final decision in the California General Rate Case approved meaningful incremental revenues and strengthened revenue stabilization mechanisms, which could materially influence the company’s regulated earnings profile. Next, we’ll examine how the California General Rate Case decision may reshape California Water Service Group’s longer-term investment narrative and risk profile. Rare earth metals are the new gold rush. Find out which 32 stocks are leading the charge. To own California Water Service Group, you need to be comfortable with a regulated utility that leans on rate cases and infrastructure investment to support earnings, while accepting regulatory and cost pressure as part of the trade-off. The latest quarter’s earnings miss highlights cost inflation as the key near term risk, but the final California General Rate Case decision looks like the more important near term catalyst, because it sets the rules and revenue levels that shape how those costs flow through. The General Rate Case outcome, which approves incremental revenues and bolsters revenue stabilization mechanisms over the next three years, is the announcement that matters most for this story. It directly addresses earlier uncertainty around rate relief in California and could influence how investors weigh the company’s earnings volatility against its capital spending needs in areas like PFAS treatment and system modernization. But while new rate mechanisms can cushion results, investors should still be aware of how rising PFAS treatment and replacement costs could... Read the full narrative on California Water Service Group (it's free!) California Water Service Group's narrative projects $1.3 billion revenue and $205.8 million earnings by 2029. This requires 7.5% yearly revenue growth and a $86.9 million earnings increase from $118.9 million today. Uncover how California Water Service Group's forecasts yield a $51.67 fair value, a 15% upside to its current price. Three fair value estimates from the Simply Wall St Community range from US$40.05 to US$51.67, showing that private investors apply very different growth assumptions. Some o...

It has been about a month since the last earnings report for California Water Service Group (CWT). Shares have added about 3.7% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is California Water Service Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. California Water Service Q1 Earnings Miss Estimates on Higher Costs California Water Service Group posted first-quarter 2026 earnings of 7 cents per share, down 68.2% from 22 cents a year ago. The figure missed the Zacks Consensus Estimate of 25 cents per share by 72.0%.The earnings shortfall reflected cost pressure across the income statement. Total operating expenses rose 8.1% year over year to $196.4 million, outpacing the growth in operating revenues. Quarterly revenues were $215 million, up 5.2% from the year-ago period. The top line came in below the consensus mark of $218 million by 1.38%.Operating revenues increased $10.6 million year over year, supported by rate-related items and higher accrued and unbilled revenues. At the same time, customer usage declined, pressuring billed consumption for the quarter. CWT’s management attributed the usage decline to climate variability between the periods, while noting that rate changes and higher accrued and unbilled revenues contributed meaningfully to quarterly revenues. This mix underscores the company’s continued reliance on regulatory constructs and billing dynamics to smooth results through seasonal demand swings. Water production costs increased $8.3 million year over year to $71.3 million, driven primarily by higher wholesale water rates. Depreciation and amortization also climbed to $40 million as additional capital assets were placed into service. During the quarter, CWT announced an agreement to acquire Nexus Water Group’s water and wastewater systems in Nevada and Oregon for approximately $218 million. The transaction is expected to add about 36,000 customer equivalent residential units and roughly $109 million of rate base, expanding the company’s footprint beyond California. CWT continues to invest heavily in its regulated systems, a strategy that supports long-term rate base growth but also raises near...

Essential Utilities Inc. WTRG reported first-quarter 2026 operating earnings per share (EPS) of 83 cents, which lagged the Zacks Consensus Estimate of $1.01 by 17.82%. The bottom line decreased 19.41% from $1.03 in the year-ago quarter. WTRG’s first-quarter GAAP earnings were 79 cents compared with $1.03 reported in the year-ago quarter. The difference between GAAP and operating earnings was due to the impact of merger-related expenses incurred in the quarter. Operating revenues of $862 million surpassed the Zacks Consensus Estimate of $768 million by 12.17%. The top line rose nearly 10% from the prior-year quarter’s $783.6 million. The improvement in total revenues was due to additional revenues from regulatory recoveries and purchased gas costs. Essential Utilities Inc. price-consensus-eps-surprise-chart | Essential Utilities Inc. Quote Essential Utilities’ water segment reported revenues for the quarter of $323 million, an increase of 7.4% compared to $300.8 million in the first quarter of 2025. The year-over-year improvement was due to regulatory recoveries and increased volume. WTRG’s regulated natural gas segment reported quarterly revenues of $529.4 million, up from $470.8 million in the first quarter of 2025, primarily driven by higher purchased gas costs, increased regulatory recoveries and the impact of weather normalization adjustments. Total operating expenses amounted to $551.1 million, up 23.9% from the year-ago figure of $444.7 million due to increases in purchased gas costs, and higher operation and maintenance expenses than the previous year period. Operating income totaled $310.6 million, down 8.4% year over year. The year-over-year decline was due to an increase in operating expenses. Interest expenses increased 6.33% to $87.3 million from $79.3 million in the prior-year quarter. The company continues to expand its operations through acquisitions and organic initiatives. The pending acquisition, if closed, can add more than 200,000 customers to Essential Utilities’ customer base. So far in 2026, the company’s regulated water segment has secured rate awards and infrastructure surcharges expected to increase annual revenues by $5.7 million across Illinois, Indiana, Pennsylvania and Ohio. Its regulated natural gas segment also received rate awards and infrastructure surcharges in Kentucky and Pennsylvania, projected to add $9.4 million in ann...

American States Water Company AWR reported first-quarter 2026 operating earnings per share (EPS) of 76 cents, up 8.6% from the year-ago quarter’s level of 70 cents. The metric missed the Zacks Consensus Estimate by a penny in the reported quarter. Operating revenues totaled $169.2 million, up 14.3% from the year-ago quarter’s level of $148.01 million. The year-over-year increase in total revenues was due to strong contributions from all three segments. American States Water Company price-consensus-eps-surprise-chart | American States Water Company Quote Total revenues from the Water segment were $113.1 million, up 10.9% from $102 million in the year-ago period. Revenues from the Electric segment were $18.7 million, up 24.7% from $15 million in the year-ago quarter. Revenues from the Contracted Services segment were $37.4 million, up from $31 million in the year-ago quarter. Operating expenses totaled $117.8 million, up 14.9% from the year-ago quarter’s level of $102.5 million. This increase was due to higher water purchased, power purchased for pumping, other operation expenses and higher ASUS construction expenses. Operating income totaled $51.4 million, up 12.8% from $45.6 million recorded in the corresponding period of 2025. Interest expenses amounted to $12.1 million, nearly the same as the year-ago levels. Interest income totaled $0.98 million compared with $2.01 million in the year-ago quarter. As of March 31, 2026, AWR’s cash and cash equivalents totaled $22.1 million compared with $18.8 million as of Dec. 31, 2025. Long-term debt was $782.7 million as of March 31, 2026, on par with the figure as of Dec. 31, 2025. Cash provided by operating activities in the first quarter of 2026 totaled $71.7 million compared with $45.1 million in the year-ago period. AWR’s regulated utilities are authorized to spend nearly $650 million in capital investments, as approved in the utilities’ general rate cases, targeting $185-$225 million in 2026. American States Water currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. American Water Works Company AWK reported first-quarter 2026 adjusted earnings per share (EPS) of $1.01, which missed the Zacks Consensus Estimate of $1.10 by 8.18%. The bottom line declined 0.98% from the year-ago quarter's level of $1.02. AWK’s total quarterly revenues of $1.21 bill...

Q1 results excluded the revised California rate-case impact: Revenue was $214.6M and net income $4.0M ($0.07/share), and the company said its Interim Rates Memorandum Account would allow the final CPUC decision to be applied retroactively to Jan. 1 once issued. Revised proposed decision provides multi-year revenue visibility: The proposal includes roughly $91M in incremental revenue for 2026, $43M for 2027 and $49M for 2028, keeps tools like the RAM and new balancing accounts, introduces a Sales Reconciliation Mechanism, and management expects a final ruling imminently with new tariffs to start July 1 if approved. Capex, liquidity, dividends and strategic actions underway: Q1 capital spending rose 17.6% to $129.5M with $627M planned for 2026, the company maintains strong liquidity and declared its 325th consecutive quarterly dividend ($0.335), while pursuing Nexus acquisitions that would add ~100,000 connections outside California and reporting about $66.5M gross (~$50M net) recovered toward PFAS costs with treatment targeted by end of 2028. Interested in California Water Service Group? Here are five stocks we like better. Top 3 Utilities Stocks Powering Up as Recession Fears Rise California Water Service Group (NYSE:CWT) executives said first-quarter results were in line with internal expectations as the company awaits a final decision in its delayed 2024 California general rate case, while continuing to accelerate capital investment and advance several acquisition and regulatory initiatives. James Lynch, senior vice president, CFO and treasurer, said the company’s first-quarter 2026 results did not include the impact of the revenue requirement or other provisions in the revised proposed decision for the 2024 California general rate case, which management expected to be acted on by the California Public Utilities Commission (CPUC) later in the day. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss Dividend Aristocrats or Dividend Kings: Which Is Best for You? “Our Q1 results do not include the impact of the revenue requirement or any of the other provisions included in the revised proposed decision,” Lynch said. He added that the company’s Interim Rates Memorandum Account allows the final decision to be applied retroactively to Jan. 1 once finalized. For the quarter, Lynch reported revenue of $214.6 million, up from $204.0 million in the first quar...

Q1 results aligned with internal expectations despite the delayed 2024 California General Rate Case (GRC), which prevented the booking of certain revenue items during the period. Infrastructure investment increased 17.6% to $129.5 million as the company prioritizes safe, reliable water delivery and PFAS treatment capabilities. Management expressed high confidence in a revised proposed decision for the California GRC, which provides clear revenue visibility through 2028 and maintains key earnings-stabilizing mechanisms. Strategic diversification is accelerating through the Nexus acquisition and BVRT buyout, which will expand the company's footprint to nearly 100,000 connections outside California. The company is successfully pivoting toward wastewater and recycled water, with plans to operate over 24 wastewater plants across the western U.S. following pending acquisitions. Operational focus remains on PFAS mitigation, with a strategy that balances aggressive capital investment in treatment with active litigation to recover costs from polluters. The 100th anniversary celebrations are being used as a strategic platform to strengthen relationships with local officials and increase brand awareness across service regions. The 2024 California GRC is expected to provide revenue growth of approximately $91 million in 2026, $43 million in 2027, and $49 million in 2028. Total planned capital investment for 2026 is set at $627 million, supporting a projected compounded annual rate base growth of over 11%. Management anticipates closing the Nexus acquisitions in Nevada and Oregon as early as year-end 2026, pending statutory regulatory timelines. New tariffs and billing cycles resulting from the GRC approval are scheduled to be implemented starting July 1, 2024, following extensive system testing. Future earnings stability is expected to be supported by a new sales reconciliation mechanism and updated rate designs that improve fixed cost recovery in the absence of full decoupling. An interim rates memorandum account allows for the retroactive application of the GRC decision back to January 1, ensuring no loss of potential benefit due to the delay. PFAS cost recovery efforts have secured $66.5 million in gross receipts from polluter trusts, resulting in approximately $50 million net that covers 20-25% of the total estimated PFAS costs. Q1 EPS was pressured by a $0.32 per s...

California Water Service Group CWT posted first-quarter 2026 earnings of 7 cents per share, down 68.2% from 22 cents a year ago. The figure missed the Zacks Consensus Estimate of 25 cents by 72.0%. The earnings shortfall reflected cost pressure across the income statement. Total operating expenses rose 8.1% year over year to $196.4 million, outpacing the growth in operating revenues. Quarterly revenues were $215 million, up 5.2% from the year-ago period. The top line came in below the consensus mark of $218 million by 1.38%. Operating revenues increased $10.6 million year over year, supported by rate-related items and higher accrued and unbilled revenues. At the same time, customer usage declined, pressuring billed consumption for the quarter. CWT’s management attributed the usage decline to climate variability between the periods, while noting that rate changes and higher accrued and unbilled revenues contributed meaningfully to quarterly revenues. This mix underscores the company’s continued reliance on regulatory constructs and billing dynamics to smooth results through seasonal demand swings. California Water Service Group price-consensus-eps-surprise-chart | California Water Service Group Quote Water production costs increased $8.3 million year-over-year to $71.3 million, driven primarily by higher wholesale water rates. Depreciation and amortization also climbed to $40 million as additional capital assets were placed into service. During the quarter, CWT announced an agreement to acquire Nexus Water Group’s water and wastewater systems in Nevada and Oregon for approximately $218 million. The transaction is expected to add about 36,000 customer equivalent residential units and roughly $109 million of rate base, expanding the company’s footprint beyond California. CWT continues to invest heavily in its regulated systems, a strategy that supports long-term rate base growth but also raises near-term non-cash costs. The quarter’s step-up in depreciation expense reflected ongoing infrastructure work and new assets entering service. The company’s expense profile also showed higher financing-related pressure. Net interest expense increased to $18.6 million from $15.7 million in the prior-year quarter, which further weighed on profitability as capital spending and funding needs expanded. A key near-term swing factor remains California Water Service’s 2024 Calif...

Image source: The Motley Fool. Thursday, April 30, 2026 at 11 a.m. ET Chairman and Chief Executive Officer — Martin A. Kropelnicki Chief Financial Officer — James Lynch Vice President, Rates and Regulatory Affairs — Greg Milleman Need a quote from a Motley Fool analyst? Email [email protected] James Lynch: Welcome everyone to our first quarter 2026 results call for California Water Service Group. With me today is Martin A. Kropelnicki, our chairman and CEO, and Greg Milleman, our vice president of rates and regulatory affairs. Replay dial-in information for the call can be found in our quarterly results earnings release, which was issued earlier today. The call replay will be available until 06/29/2026. As a reminder, before we begin, the company has a slide deck to accompany today’s earnings call. The slide deck was furnished with an 8-K and is also available on the company’s website at calwatergroup.com. Before looking at our first quarter 2026 results, I would like to cover forward-looking statements. During our call, we may make certain forward-looking statements. Because these statements deal with future events, they are subject to various risks and uncertainties, and actual results could differ materially from the company’s current expectations. As a result, we strongly advise all current shareholders and interested parties to carefully read the company’s disclosures on risks and uncertainties found in our Form 10, Forms 10-Q, press releases, and other reports filed with the Securities and Exchange Commission. And now, I will turn the call over to Martin A. Kropelnicki. Martin A. Kropelnicki: Thanks, Jim. Good morning, everyone, and thank you for joining us this morning to review our first quarter 2026. There are six primary areas that we want to talk about today. The first one being, obviously, the quarter, and I would say Q1 results were in line with our expectations given the fact we had a delayed 2024 general rate case. To remind everyone, in March we did get a proposed decision and there is a comment period that follows that proposed decision, which is 30 days. Our comments were filed, and then yesterday we received what is called a revised proposed decision that I have asked Greg to talk about a little bit more in detail later in our discussion today. I will generally say that the revised proposed decision we are very happy with, and we are on the dock...