California Water Service Group (CWT), through its various subsidiaries, operates as a water utility, delivering essential water services and related offerings across ...
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Est. EPS $1.16 · Revenue $332.17M · 1 analysts
Est. EPS $0.44 · Revenue $255.75M · 1 analysts
Est. EPS $2.58 · Revenue $1.11B · 3 analysts
Est. EPS $0.10 · Revenue $227.82M · 1 analysts
$1.27 per share
$1.27 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.0B | -3.5% | +43.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $128.2M | -32.8% | +1298.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +64.3% | -32.6% | +4.4% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +18.3% | -15.7% | +184.7% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +12.8% | -30.3% | +872.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-214.4M | -19.2% | -4.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -21.4% | -23.5% | +27.6% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 95.6% | +12.2% | -2.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.85x | +40.8% | +1.9% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $5.7B | +9.5% | +3.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 2.15 vs 2.32 | -7.3% | 0.93 vs 1.16 | -20.0% |
| Revenue Surprise | $1.0B vs $1.0B | -1.2% | $308.6M vs $332.2M | -7.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Snow Lester A | director | Common Stock | D | 500 | $50.21 |
| Aug 13, 2026 | Krummel Thomas M | director | Common Stock | D | 3,700 | $50.37 |
| Aug 4, 2026 | Shimansky Gregory Dale | officer: VP, Rates & Reg Affairs | Common Stock | A | 446 | — |
| Jul 1, 2026 | Shimansky Gregory Dale | officer: VP, Rates & Reg Affairs | COMMON STOCK | — | 0 | — |
| Jun 5, 2026 | Scanlon Thomas A | officer: VP, Corporate Controller & PAO | Common Stock | D | 30 | $45.82 |
Operator: Ladies and gentlemen, Until that time, your lines again will be placed on music hold. Thank you for your patience. Thank you for standing by. And welcome to the 26 Second Quarter California Water Service Group earnings call. All lines have been placed on mute to prevent any background noise. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press *1 on your touch tone phone. And to withdraw your question, please press *1 again. It is now my pleasure to turn the call over to Mr. James Patrick Lynch, senior vice president and chief financial officer. You may begin. James Patrick Lynch: Thank you, Janine. Welcome, everyone, to the second quarter 26 results call for California Water Service Group. With me today is Martin A. Kropelnicki, our Chairman and CEO. 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 September 28, 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 www.calwatergroup.com. Before looking at our second quarter 2026 results, I would like to cover some forward looking statements. During the call, we may make certain forward looking statements. And because these statements deal with future events, they are subject to various risks and uncertainties. Our 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-K, Form 10-Qs, press releases, and the other reports we file with the Securities and Exchange Commission. And now, I will turn the call over to Martin to provide a brief overview. Martin A. Kropelnicki: Thanks, Jim. Good morning, everyone. Consistent with our past earnings call, I am going to give you a quick overview of the agenda and then Jim and I are going to jump into some of the details for the quarter. There are only kind of 6 items on the agenda today that we want to go through. Starting obviously in the in the second quarter, the end of April, we received a decision on our California general rate case As part of that decision, during the quarter, we recognized our IRMA, which is the balancing account that takes the retroactive portion of the rate case back to January 1. So this rate case was close to being on time, which was very good news. It was, you know, approximately 90 to 100 days delayed, but we are made whole back to the original date of January 1. That was recognized in the quarter as well as other items that we will be talking about. In addition, during the quarter, we reached this full settlement in our rate case up in Washington. I will provide some more details about that when we get to that slide. …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Martin A. Kropelnicki | Chairman, President & Chief Executive Officer | USD 2,670,711 | Male | 1967 | Active |
James Patrick Lynch | Senior Vice President, Chief Financial Officer, Principal Financial Officer & Treasurer | USD 811,444 | Male | 1959 | Active |
Michael Luu | Senior Vice President of Corporate Services & Chief Risk Officer | USD 775,460 | Male | 1980 | Active |
Shawn C. Bunting | Senior VP of Business Development & Chief Legal Officer | USD 738,193 | Male | 1973 | Active |
Shannon C. Dean | Senior Vice President of Customer Service & Chief Sustainability Officer | USD 589,712 | Female | 1968 | Active |
Kris A. Hamner | Vice President & Chief Human Resource Officer | USD 507,220 | Male | 1977 | Active |
Shilen Patel | Chief Business Development Officer | — | Male | — | Active |
Thomas A. Scanlon | VP, Corporate Controller and Principal Accounting Officer | — | Male | 1963 | Active |
Michael S. Mares Jr. | Senior Vice President of Operations | — | Male | 1967 | Active |
Todd K. Peters | Chief Engineering Officer | — | Male | — | Active |
Freestone Grove Partners LP acquired a new position in shares of California Water Service Group (NYSE: CWT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,950 shares of the utilities provider's stock, valued at approximately $1,554,000. Freestone Grove Partners LP
Bank of America Corp DE grew its holdings in California Water Service Group (NYSE: CWT) by 23.0% during the undefined quarter, according to the company in its most recent filing with the SEC. The fund owned 121,899 shares of the utilities provider's stock after purchasing an additional 22,825 shares during the period. Bank
BlackRock Inc. acquired a new stake in California Water Service Group (NYSE: CWT) in the second quarter, according to its most recent filing with the SEC. The fund acquired 10,755,498 shares of the utilities provider's stock, valued at approximately $523,255,000. BlackRock Inc. owned approximately 17.39% of California Water Service Group at the end
California Water Service Group announces scholarship program recipients from California, Hawaii, New Mexico, and Washington; nears $1 million milestone.
SAN JOSE, Calif., Aug. 17, 2026 (GLOBE NEWSWIRE) -- For the utility's ongoing dedication to sustainability and environmental responsibility, Newsweek has named California Water Service Group (Group) (NYSE: CWT) one of the “World's Greenest Companies.
