CALIFORNIA WATER SERVICE GROUP (CWT) Form 10-Q — Oct 29, 2026
California Water Service Group's Q3 2026 net income rose to $65.4 million ($1.05 diluted EPS) from $61.2 million ($1.03) a year earlier, and nine-month EPS climbed to $2.07 from $1.96, driven by rate increases and new customers under the approved 2024 California general rate case. Nine-month operating revenue grew 9.6% to $855.3 million, with roughly $15.7 million of IRMA catch-up revenue tied to the delayed rate case implementation. The GRC authorizes about $1.45 billion of infrastructure investment through 2027 and a 10.27% return on equity for 2027.
Key figures
- Eps
- 1.05
- Revenue
- 855337000
- Net Income
- 65408000
- Cash Position
- 45117000
- Shares Outstanding
- 62876955
- Capex 9m
- 424771000
- Total assets
- 6074373000
- Atm remaining
- 124700000
- Atm proceeds 9m
- 143900000
- Q3 revenue 2025
- 311235000
- Q3 revenue 2026
- 332168000
- Bvr T buyout price
- 45000000
- Dividends paid 9m
- 61002000
- Q3 net income 2025
- 61230000
- Q3 net income 2026
- 65408000
- Capex guidance 2026
- $600.0-$620.0 million
- Nine month eps 2025
- 1.96
- Nine month eps 2026
- 2.07
- Book value per share
- 30.28
- Q4 dividend declared
- $0.335/share
- Nine month net income
- 125910000
- Planned debt issuance
- 275000000
- Short term borrowings
- 175000000
- Operating cash flow 9m
- 262239000
- Nexus acquisition price
- 218000000
- Forward sale unsettled shares
- 1583398
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