CALIFORNIA WATER SERVICE GROUP (CWT) California Water Service Group (CWT), through its various subsidiaries, operates as a water utility, delivering essential water services and related offerings across several states, including California, Washington, New Mexico, Hawaii, and Texas. The company's operations encompass the entire water supply chain, from procuring, storing, treating, and rigorously testing water to its widespread distribution and ultimate sale. This water is utilized for a diverse array of purposes, spanning domestic consumption, industrial processes, public use, agricultural irrigation, and crucial fire protection. The group serves a substantial customer base, catering to approximately 494,500 connections across 100 communities in California. Moreover, on the Hawaiian islands of Maui and Hawaii, it manages roughly 6,200 water and wastewater customer hookups. In Washington, approximately 36,400 connections receive service in locations such as Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor. New Mexico communities like Belen, Los Lunas, Indian Hills, and Elephant Butte are served by roughly 8,600 water and wastewater connections. Beyond its core regulated utility functions, California Water Service Group provides various non-regulated, water-related services. These include the management of water systems for both municipal and private entities, the operation of recycled water distribution networks, and specialized services such as water system operation, meter reading, and billing for external companies and public bodies. Furthermore, it generates income by leasing communication antenna sites on its land to telecommunications companies, and it manages the billing of optional third-party insurance schemes for its residential clients. Laboratory services are also part of its offerings. Lastly, the organization handles wastewater collection and purification processes. Established in 1926, the company's corporate headquarters are situated in San Jose, California.
Sector: Water Supply
Industry: Regulated Water
California Water Service Group NYSE:CWT Utilities · Regulated Water
Mkt Cap $3.21B
Div Yield 2.56%
Pre Pre-market $51.00 Close $51.04 0.00% AH $51.04 Now $51.00
Close $51.04 +0.41% AH $51.04 -0.08% since
Mkt Cap $3.21B
Div Yield 2.56%
Press Release ⚠ 3
California Water Service Group Reports Solid Third Quarter 2026 Results and Successful Execution of Business Strategy
California Water Service Group reported Q3 2026 net income of $65.4 million and diluted EPS of $1.05, up from $61.2 million and $1.03 a year ago, on revenue of $332.2 million, up 6.7% year-over-year.
YTD revenue rose 9.6% to $855.3 million with net income of $125.9 million ($2.07 diluted EPS), and the company secured rate increases adding $4.1 million annually in Washington and $1.94 million in Hawaii.
Regulatory approvals for the Nexus Water Group Nevada and Oregon acquisitions are in hand with closings expected in Q4 2026, funded in part by $125M of notes and $150M of bonds issued at 6.08%-6.54% plus $49.8M raised via ATM equity sales.
The board declared the 327th consecutive quarterly dividend of $0.335 per share; the annual dividend of $1.34 represents the 59th consecutive annual increase, up 8.1% over 2025.
• 11d ago AI analysis › Press Release
California Water Service Group Board of Directors Declares 327th Consecutive Quarterly Dividend
California Water Service Group's board declared its 327th consecutive quarterly dividend of $0.3350 per common share.
The dividend is payable November 20, 2026, to stockholders of record as of November 9, 2026.
The declaration continues the regulated water utility's long-running payout streak with no change to the per-share amount.
• 11d ago AI analysis › Press Release
Hawaii Public Utilities Commission Issues General Rate Case Decision for Hawaii Water Service’s Kapalua Water and Wastewater Systems
The Hawaii Public Utilities Commission adopted a settlement allowing CWT subsidiary Hawaii Water Service to raise annual revenue by about $1.94 million across its Kapalua water and wastewater systems.
The decision recognizes $5.86 million in capital improvements and higher operating costs, including roughly $1.7 million a year for purchased water, which is passed through dollar-for-dollar to customers.
This is the first general rate increase for the Kapalua systems since their 2021 acquisition; new rates take effect this month.
• 24d ago AI analysis › Press Release ⚠ 1
California Water Service Group Prices $125 Million of Senior Unsecured Notes and California Water Service Company Prices $150 Million of First Mortgage Bonds
California Water Service Group priced $125 million of senior unsecured notes while subsidiary Cal Water priced $150 million of first mortgage bonds in private placements.
The $275 million of combined debt carries coupons of 6.08% to 6.54% with maturities from 2031 to 2056, and is expected to close on or before December 31, 2026.
Proceeds will refinance existing indebtedness and fund general corporate purposes; for a regulated utility this is routine capital-structure maintenance rather than a strategic event.
• 25d ago AI analysis › Press Release
California Water Service Group Schedules 2026 Third-Quarter Earnings Results Announcement and Conference Call
California Water Service Group will release Q3 2026 earnings before 9:00 a.m. ET on Thursday, October 29, 2026, with a conference call at 11:00 a.m. ET.
The call will be hosted by Chairman and CEO Martin A. Kropelnicki and CFO James P. Lynch, with a live webcast and replay available through November 28, 2026.
This is a routine scheduling notice containing no financial results or guidance.
• 1mo ago AI analysis › Press Release
California Water Service Group Chairman & CEO Joins Alliance for Critical Infrastructure (ACI) Board of Directors
California Water Service Group announced that Chairman & CEO Martin A. Kropelnicki has joined the Board of Directors of the Alliance for Critical Infrastructure (ACI).
ACI brings together leading companies across communications, energy, financial services, IT, transportation, and water to strengthen U.S. physical and cyber resilience and address risks and opportunities from AI.
The appointment is an industry-leadership recognition with no direct financial impact on CWT; it modestly raises the company's profile in critical-infrastructure policy circles.
• 1mo ago AI analysis › Press Release
WUTC Issues Decision in Washington Water’s Application to Recover Costs for Investments to Provide Safe, Reliable Service
The Washington Utilities and Transportation Commission approved an all-party settlement enabling Washington Water Service, a California Water Service Group subsidiary, to increase annual revenue by $4.1 million.
The decision recovers $26.5 million of improvements made in 2023-2024 across the East Pierce and Legacy systems, including new water mains, treatment facilities targeting lead, arsenic, and PFAS, booster pump upgrades, and SCADA remote monitoring.
New rates are expected to take effect in October 2026, providing modest, settlement-de-risked support to CWT's rate-base growth.
• 1mo ago AI analysis › Press Release
California Water Service Kicks Off Back-to-School Season With 13th Year of Tap Into Learning Program
California Water Service is launching its 13th annual Tap Into Learning program to support water conservation education for K-12 students.
The initiative offers field trips, art competitions, grants, and a conservation pledge, building on 138 entries and 32 awards from the prior year.
The company operates with 500,000 service connections serving over 2 million people and employs 1,200 staff.
• 2mo ago AI analysis › Press Release
Newsweek Names California Water Service Group One of “America’s Greatest Companies”
California Water Service Group was named to Newsweek’s 2026 list of “America’s Greatest Companies,” recognizing top firms for financial leadership and sustainability.
The Group is the sole water utility on the list of 650 companies, which required at least $75 million in 2025 revenue and 1,000 employees to qualify.
The company provides water and wastewater services to more than 2.2 million people across California, Hawaii, New Mexico, Washington, and Texas.
• 2mo ago AI analysis › Press Release
Hawaii Water Service Proposes Rate Adjustment for Kona Service Area for Investments Made to Help Keep Service Safe, Reliable
California Water Service Group's subsidiary, Hawaii Water Service, has filed an application with the Hawaii Public Utilities Commission to recover costs for infrastructure investments in the Kona service area.
The filing requests approximately $2.73 million in annual revenue to fund water and sewer system improvements completed since 2019, as well as planned projects totaling nearly $23 million through 2027.
If approved, the new rates could become effective in mid-2027, aimed at supporting continued service reliability and safety for North Kona customers.
• 2mo ago AI analysis › Press Release
California Water Service Group Awards $80,000 in Scholarships, Nears $1 Million Milestone Investing in its Communities’ Future Leaders
California Water Service Group awarded $80,000 in scholarships for the 2026-2027 academic year, bringing its total contributions since the program's 2014 inception to $919,000.
The initiative is funded by stockholders and administered by Scholarship America, with no impact on customer rates.
CWT is the largest regulated water utility in the western U.S., providing services to more than 2.2 million people across California, Hawaii, New Mexico, Washington, and Texas.
• 2mo ago AI analysis › Press Release
California Water Service Group Named One of “World’s Greenest Companies” by Newsweek
California Water Service Group was named to Newsweek’s 2026 list of the “World’s Greenest Companies,” recognizing the utility's environmental sustainability performance.
The ranking evaluated over 850 companies across 28 countries based on parameters such as greenhouse gas emissions, water usage, and waste disclosures.
CEO Marty Kropelnicki highlighted the company's commitment to environmental stewardship and protecting natural resources.
• 2mo ago AI analysis › Press Release
Indianola Students Returning to School with Safe, Reliable Drinking Water Due to Partnership with California Water Service, Selma Unified School District, Self-Help Enterprises
Cal Water partnered with Selma Unified School District and Self-Help Enterprises to provide safe drinking water to Indianola Elementary School, resolving a local TCP contamination issue.
The project connects the school to Cal Water’s treated system and was funded by a $3.2 million grant secured by the school district from the State Water Resources Control Board.
CEO Marty Kropelnicki emphasized that the partnership allows students and staff to focus on education without concern for water safety, reinforcing the utility's community presence.
• 2mo ago AI analysis › Press Release
California Water Service and County of Tulare Complete Project to Bring Safe, Reliable Water to Harrison Road Water Users
California Water Service completed a project connecting 27 Harrison Road customers to its Visalia District system after their wells went dry.
The $1.3 million initiative, funded by County ARPA and DWR grants, involved installing over 2,600 feet of water main and five fire hydrants to improve fire protection and reliability.
CEO Marty Kropelnicki highlighted the partnership with Tulare County and Self-Help Enterprises as key to ensuring dependable water access for the underserved community.
• 3mo ago AI analysis › Press Release ● Major ⚠ 1
California Water Service Group Reports Strong Second Quarter 2026 Financial Results
California Water Service Group reported Q2 2026 net income of $56.5 million, or $0.93 per diluted share, up from $42.2 million a year ago, on revenue of $308.6 million. The growth was driven by the final decision on the 2024 California General Rate Case, which authorized rate increases of 10.9% for 2026 and provided new revenue stabilization mechanisms.
The regulatory decision authorizes approximately $1.45 billion in infrastructure investments through 2027, supporting the company's record $276.4 million in capital spending during the first half of the year. CWT continues to progress its $218 million acquisition of Nexus Water Group, having filed necessary change of control applications.
The Board of Directors declared a quarterly dividend of $0.3350 per share, marking the company's 326th consecutive quarterly dividend and an 8% increase to the annualized payout.
• 3mo ago AI analysis › Press Release
California Water Service Group Board of Directors Declares 326th Consecutive Quarterly Dividend
California Water Service Group declared its 326th consecutive quarterly dividend of $0.3350 per share, payable on August 21, 2026.
Shareholders of record as of the close of business on August 10, 2026 will receive the payment.
The company is the largest regulated water utility in the western United States, serving approximately 2.2 million people across California, Hawaii, New Mexico, Washington, and Texas.
• 3mo ago AI analysis › Press Release
Newsweek Names California Water Service One of America’s Greatest Workplaces
California Water Service Group was named to Newsweek’s 2026 list of “America’s Greatest Workplaces,” recognized as one of only two water utilities to make the ranking.
The evaluation analyzed over 70,000 companies based on 10 categories of worker satisfaction and more than 120 key performance indicators.
CWT is the largest regulated water utility in the western U.S., serving approximately 2.2 million people across California, Hawaii, New Mexico, Washington, and Texas.
• 3mo ago AI analysis › Press Release
California Water Service Group Schedules 2026 Second-Quarter Earnings Results Announcement and Conference Call
California Water Service Group announced it will release its 2026 second-quarter earnings results before the market opens on July 30, 2026.
A conference call hosted by CEO Martin A. Kropelnicki and CFO James P. Lynch will follow at 11:00 a.m. ET the same day, accessible via webcast or teleconference.
The parent company provides regulated water and wastewater services to more than 2.2 million people across California, Hawaii, New Mexico, Texas, and Washington.
• 4mo ago AI analysis › Press Release
California Water Service Completes Acquisition Of Palm Mutual Water Company
California Water Service completed its acquisition of Palm Mutual Water Company following approval by the California Public Utilities Commission.
The transaction adds 63 residential connections serving approximately 250 residents to Cal Water's Bakersfield District, which already serves about 445,600 people.
The company plans to upgrade the system's infrastructure over time to support long-term water quality and reliability.
• 4mo ago AI analysis › Press Release
California Water Service Earns G480 Platinum Certification for Water-Use Efficiency, Conservation Program
California Water Service (CWT) has earned Platinum Certification under the G480-25 standard from the Alliance for Water Efficiency.
The certification recognizes the company’s water conservation and efficiency program as meeting 100% of compliance requirements, making Cal Water the first utility to achieve this status under the newly updated standard.
CEO Marty Kropelnicki cited the company’s long-term planning, water loss control, and customer conservation incentives as key drivers of this recognition.
• 5mo ago AI analysis › Press Release
California Water Service Group Promotes Tamara S. Johnson to Vice President, California Operations and Gregory D. Shimansky to Vice President, Rates and Regulatory Affairs
California Water Service Group promoted Tamara S. Johnson to Vice President of California Operations and Gregory D. Shimansky to Vice President of Rates and Regulatory Affairs.
The promotions take effect July 1, 2026. Johnson, a 40-year veteran of the company, moves from Director of Field Operations, while Shimansky succeeds Greg A. Milleman, who is retiring after 10 years.
CEO Martin A. Kropelnicki noted that the new California Operations role reflects the company's growth and the increasing complexity of water utility operations.
• 5mo ago AI analysis › Press Release
California Water Service Group Highlights Leadership in Environmental Stewardship and Corporate Citizenship in 2025 Sustainability Report
California Water Service Group published its 2025 Sustainability Report, highlighting progress in environmental stewardship, customer service, workforce engagement, and governance.
Key operational metrics include a 26.7% reduction in Scope 1 and 2 GHG emissions since 2021, 100% compliance with water quality standards across 630,000+ tests, and a 35% reduction in OSHA-recordable injuries.
The company also reported delivering 2.6 billion gallons of recycled water and offering $22 million in discounts to low-income customers, while maintaining a 9.1/10 customer satisfaction score.
• 5mo ago AI analysis › Press Release
California Water Service Group Board of Directors Declares 325th Consecutive Quarterly Dividend
California Water Service Group declared a quarterly dividend of $0.3350 per common share, payable on May 22, 2026 to stockholders of record as of May 11, 2026.
This announcement marks the 325th consecutive quarterly dividend for the company, underscoring its stability as a regulated utility.
The company serves more than 2.2 million people across California, Hawaii, New Mexico, Washington, and Texas.
• 6mo ago AI analysis › 
