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- $2.7BMarket Cap
- -2.08%1-Year Change
- Utilities - Regulated WaterIndustry
Cal Water Serv G (CWT)
Key Performance
More- Earnings Score: 42
- Momentum Score: 47
- True Yield: 33
- Financial Health Score: 74
Latest Research & News
The California Public Utilities Commission approved California Water Service's 2024 General Rate Case, authorizing revenue increases of $90.5 million (10.9%) in 2026, $43.2 million (4.7%) in 2027, and $48.9 million (5.1%) in 2028. The decision enables $1.45 billion in infrastructure investments through 2027 for water quality, pipe upgrades, and security improvements, with new rate mechanisms to support financial stability and customer affordability.
04/30/2026, 7:15 PM • GlobeNewswire
California Water Service Group reported Q1 2026 net income of $4.0 million ($0.07 per diluted share), down from $13.3 million in Q1 2025, as results await final approval of the 2024 California General Rate Case. The company received a revised proposed decision authorizing rate increases of 10.9% in 2026, 4.7% in 2027, and 5.1% in 2028. Additionally, the company announced an agreement to acquire Nexus Water Group's Nevada and Oregon systems for approximately $218 million, and increased its annual dividend by 8% to $1.34 per share.
04/29/2026, 9:30 PM • GlobeNewswire
California Water Service Group Board of Directors Declares 325th Consecutive Quarterly Dividend
California Water Service Group (NYSE: CWT) announced its 325th consecutive quarterly dividend of $0.3350 per common share, payable on May 22, 2026. The declaration demonstrates the company's consistent commitment to returning value to shareholders and reflects its stable financial position as the largest regulated water utility in the western United States.
04/29/2026, 4:05 PM • Benzinga
California Water Service Group Receives Proposed Decision on 2024 California General Rate Case
The California Public Utilities Commission issued a proposed decision authorizing California Water Service (largest subsidiary of California Water Service Group) additional revenues of $92.3 million in 2026 (11.1% rate increase), $50.8 million in 2027 (5.5% increase), and $52.4 million in 2028 (5.4% increase). The decision reauthorizes revenue adjustment mechanisms and establishes a sales reconciliation mechanism, though it did not approve the company's decoupling request. A final decision is expected by April 30, 2026.
03/17/2026, 6:58 PM • GlobeNewswire
California Water Service Group Donates Nearly $1.9 Million to Improve Local Quality of Life in 2025
California Water Service Group marked its 100-year anniversary by announcing over $1.88 million in charitable donations made in 2025 to local organizations, first responders, and students across its service areas in California, Hawaii, New Mexico, and Washington. The contributions included $186,000 to nine fire departments, $80,000 in scholarships to 13 students, and over $100,000 for Palisades and Eaton Fire relief efforts.
02/18/2026, 6:15 PM • GlobeNewswire
California Water Service Group announced its 59th consecutive annual dividend increase, raising the annual dividend by 8% to $1.34 per share from $1.20 in 2025. The company declared its 324th consecutive quarterly dividend of $0.3350 per share, payable February 20, 2026, as it celebrates its 100th anniversary.
01/28/2026, 4:15 PM • Benzinga
California Water Service Group Expanding Investment and Operations in Texas
California Water Service Group announced it will acquire the remaining membership interests of BVRT Utility Holding Company LLC to become the sole owner of seven water and wastewater utilities in the Austin-San Antonio corridor. The acquisition is subject to PUCT approval. Additionally, BVRT's Camino Real subsidiary received a water certificate and signed an agreement to extend sewer infrastructure to serve the Oatman Hill development, expected to include up to 5,000 dwelling units by 2036.
01/08/2026, 6:30 PM • GlobeNewswire
California Water Service Group Promotes Todd K. Peters and Thomas A. Scanlon
California Water Service Group promoted Todd K. Peters to Vice President of Engineering and Thomas A. Scanlon to Vice President of Corporate Controller and Chief Accounting Officer, effective January 1, 2026. Both executives bring decades of combined experience to their new roles at the water utility company serving over 2.1 million people across five states.
01/07/2026, 5:00 PM • GlobeNewswire
California Water Service has received CPUC approval to implement interim rate adjustments of 3% for most service areas effective January 1, 2026, while the utility's 2024 General Rate Case continues under review. The interim rates will help the company continue infrastructure investments and mitigate the impact of delayed rate case decisions on customers.
12/29/2025, 6:00 PM • GlobeNewswire
California Water Service Group Board of Directors Declares 323rd Consecutive Quarterly Dividend
California Water Service Group announced its 323rd consecutive quarterly dividend of $0.30 per common share, payable on November 21, 2025, to stockholders of record as of November 10, 2025.
10/29/2025, 4:05 PM • Benzinga
3 Water Stocks With Decades of Rising Dividends
The article highlights three water-related stocks with long histories of dividend growth: California Water Service, Ecolab, and Roper Technologies. Each company demonstrates strong financial performance, consistent earnings growth, and resilient business models in essential industries.
10/03/2025, 2:52 AM • Investing
California Water Service Group sold $170 million in Senior Unsecured Notes and $200 million in First Mortgage Bonds in private placement transactions, with proceeds to be used for refinancing existing debt and general corporate purposes.
10/01/2025, 5:49 PM • GlobeNewswire
California Water Service has increased rebates for water conservation products, offering higher incentives for residential and commercial water-efficient devices like toilets, clothes washers, and lawn conversions to encourage water savings.
09/02/2025, 5:45 PM • GlobeNewswire
California Water Service Group Reports Second Quarter 2025 Results
California Water Service Group reported Q2 2025 net income of $42.2 million, invested $119.4 million in water infrastructure, advanced its California general rate case, and executed an agreement to own and operate Silverwood wastewater systems.
07/31/2025, 9:00 AM • GlobeNewswire
California Water Service Group Board of Directors Declares 322nd Consecutive Quarterly Dividend
California Water Service Group announced its 322nd consecutive quarterly dividend of $0.30 per common share, payable on August 22, 2025, to stockholders of record as of August 11, 2025.
07/30/2025, 4:05 PM • Benzinga
Peers
Statistics
MoreInformation as of 06/22/2026
Company Profile
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services. The company offers its services to approximately 500,000 customer connections in 20 separate districts; approximately 6,800 water and wastewater customer connections on the islands of Kauai, Maui, Oahu, and Hawaii; approximately 38,500 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 11,800 water and wastewater customer connections in Rio Communities, Rio Del Oro, Meadow Lake, Indian Hills, Squaw Valley, Elephant Butte, Morningstar, Sandia Knolls, Juan Tomas, Monterey, and Cypress Gardens systems. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties; and billing of optional third-party insurance programs to its residential customers. In addition, it provides wastewater collection and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
Key Executives
- Martin A. Kropelnicki
- James Patrick Lynch
- Michael Luu
- Shawn C. Bunting
- Shannon C. Dean
Current Ownership Distribution
- Institutions858.3M (75.11%)
- Mutual Funds283.3M (24.79%)
- Insiders1.1M (0.10%)
- Other0 (0.00%)