CWT

CWT's third-quarter earnings miss estimates amid higher taxes and costs, despite revenue growth and rate increases.

California Water Service Group NYSE: CWT reported third-quarter net income of $65.4 million, or $1.05 per diluted share, compared with $61.2 million, or $1.03 per share, a year earlier, as higher authorized rates and customer additions outweighed lower water usage and increased costs.

California Water Service Group ( CWT ) Q3 2026 Earnings Call October 29, 2026 11:00 AM EDT Company Participants James Lynch - Senior VP, CFO, Principal Financial Officer & Treasurer Martin Kropelnicki - Chairman, President & CEO Conference Call Participants Davis Sunderland - Robert W. Baird & Co. Incorporated, Research Division Agnieszka Storozynski - Seaport Research Partners Presentation Operator Ladies and gentlemen, welcome to the California Water Service Group Q3 2026 Earnings Call.

Water utilities operate as legal monopolies with state regulators controlling every rate increase, yet four of them have quietly raised their dividends for decades. The question is which one actually protects your income when the bills come due.

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Dividend Kings have outperformed SPY YTD, rising 13.5% versus SPY's 12.32%, with a strong October rebound. Twenty-six Dividend Kings appear both potentially undervalued and offer long-term annualized expected returns of at least 10%. Dividend growth for the Kings in 2026 averages 4.65%, with recent increases from GRC, NWN, and RPM.

California Water Service Group's Hawaii unit secures a rate hike to recover infrastructure costs, boosting annual revenues by $1.94 million from October 2026.

WAIKOLOA, Hawaii, Oct. 15, 2026 (GLOBE NEWSWIRE) -- The Hawaii Public Utilities Commission (HPUC) has adopted a settlement agreement reflecting Hawaii Water Service's (Hawaii Water) investments to help keep its Kapalua water and wastewater systems safe and reliable, while addressing higher operating and purchased water costs. The decision enables the California Water Service Group (NYSE: CWT) subsidiary to increase annual revenue by about $1.94 million and adjusts rates accordingly.

SAN JOSE, Calif., Oct. 15, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (Group, NYSE: CWT) today announced the pricing of $125,000,000 in aggregate principal amount of Senior Unsecured Notes (the Notes) by Group and $150,000,000 in aggregate principal amount of First Mortgage Bonds (the Bonds) by California Water Service Company (Cal Water), a wholly owned subsidiary of Group, in private placement transactions. The transactions are expected to close on or before December 31, 2026, subject to the satisfaction of customary closing conditions.

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