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.
Key figures
- Eps
- 1.05
- Revenue
- 332168000
- Guidance
- Nevada and Oregon acquisitions expected to close Q4 2026; resources believed sufficient to finance initiatives into H1 2027
- Revenue Yoy
- 6.7%
- Ytd eps
- 2.07
- Q3 capex
- 148300000
- Ytd capex
- 424800000
- Ytd revenue
- 855300000
- Atm proceeds
- 49800000
- Q3 net income
- 65400000
- Authorized roe
- 10.27%
- Bonds issuance
- 150000000
- Notes issuance
- 125000000
- Ytd net income
- 125900000
- Annual dividend
- 1.34
- Ytd revenue yoy
- 9.6%
- Dividend per share
- 0.335
- Hawaii rate increase
- 1940000
- Annual dividend increase
- 8.1%
- Washington rate increase
- 4100000
AI analysis
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