CALIFORNIA WATER SERVICE GROUP (CWT) Form 8-K — Oct 28, 2026
California Water Service Group (NYSE: CWT) reported Q3 2026 net income of $65.4 million, or $1.05 diluted EPS, up from $61.2 million and $1.03 in Q3 2025, on revenue of $332.2 million, a 6.7% increase. YTD 2026 revenue rose 9.6% to $855.3 million with net income of $125.9 million ($2.07 diluted EPS), supported by rate changes, new customers, and $15.7 million of interim rates from the 2024 California GRC. The company invested a record $148.3 million in infrastructure during the quarter, won a Washington rate case adding $4.1 million to annual revenues, and expects to close its Nevada and Oregon acquisitions of Nexus Water Group systems in Q4 2026.
Key figures
- Eps
- 1.05
- Revenue
- 332200000
- Net Income
- 65400000
- Total Debt
- 1472021000
- Revenue Yoy
- 6.7%
- Total Assets
- 6074373000
- Cash Position
- 45100000
- Q3 capex
- 148300000
- Ytd capex
- 424800000
- Bonds rates
- ["6.49%","6.54%"]
- Notes rates
- ["6.08%","6.41%"]
- Q3 2025 eps
- 1.03
- Atm proceeds
- 49800000
- Ytd 2026 eps
- 2.07
- Ytd 2026 revenue
- 855300000
- Atm shares sold q3
- 1000000
- Q3 2025 net income
- 61200000
- Quarterly dividend
- 0.335
- Ytd revenue growth
- 9.6%
- New unsecured notes
- 125000000
- Ytd 2026 net income
- 125900000
- Forward sales shares
- 1600000
- Dividend increase pct
- 8.1%
- Authorized roe cal water
- 10.27%
- Forward settlement value
- 77800000
- New first mortgage bonds
- 150000000
- Projected pfas investment
- 228000000
- Consecutive annual increases
- 59
- Hawaii kapalua rate increase
- 1940000
- Expected annual dividend 2026
- 1.34
- Consecutive quarterly dividends
- 327
- Washington rate increase annual revenue
- 4100000
AI analysis
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