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California Wtr Svc Group - CWT STOCK NEWS

Welcome to our dedicated page for California Wtr Svc Group news (Ticker: CWT), a resource for investors and traders seeking the latest updates and insights on California Wtr Svc Group stock.

Overview

California Water Service Group (CWT) is a highly established water utility holding company that provides essential water and wastewater services to millions across the United States. Operating predominantly in regulated markets, CWT plays a critical role in managing water resources and infrastructure in key regions, including California, New Mexico, Washington, Hawaii, and Texas. With a strong focus on delivering high-quality, reliable water utility services, the company integrates rigorous operational standards with advanced water treatment and distribution technologies to meet the evolving needs of residential and commercial customers.

Operational Model and Business Segments

CWT functions through a dual-segment operational model which encapsulates both regulated and unregulated subsidiary operations. Its regulated utilities ensure stable, long-term service obligations by focusing on the routine production, treatment, storage, and distribution of water. Meanwhile, the unregulated operations provide tailored water services to private companies and municipalities, reflecting the company's versatility in service delivery and market engagement. This diversified business model not only supports consistent revenue generation through predictable customer demand but also allows the firm to manage the complexities of water regulation, pricing mechanisms, and infrastructure investments.

Infrastructure Investments and Regulatory Framework

The company is committed to ongoing investments in its water and wastewater infrastructure. Strategic projects ranging from pipeline upgrades to advanced treatment systems are implemented to safeguard water quality and ensure operational reliability. CWT’s proactive approach to regulatory compliance, such as addressing challenges associated with new environmental standards like PFAS, underscores its dedication to maintaining both customer safety and service affordability. The company leverages decoupling and other regulatory mechanisms to align revenue structures with cost realities, thereby stabilizing rates for low-water-use customers while continuously enhancing its operational efficiencies.

Market Position and Competitive Landscape

As the largest investor-owned American water utility west of the Mississippi River and a key player within the national water utility industry, CWT distinguishes itself through its comprehensive service offering and disciplined capital deployment. Unlike many competitors that may rely solely on a narrow customer base or regional focus, CWT’s presence spans multiple states with diverse regulatory environments. This broad geographic reach, paired with high operational standards and rigorous infrastructure maintenance, positions the company as a reliable, resilient entity in an industry that demands both technical expertise and operational integrity.

Commitment to Quality and Community Impact

Quality and safety are at the core of CWT’s values. The company employs advanced water treatment technologies and conducts robust testing across its services to ensure compliance with federal and state water quality standards. Additionally, its commitment to community welfare is demonstrated through significant investments in local infrastructure, emergency response initiatives, and collaboration with public agencies. These efforts not only enhance the quality of life for customers but also contribute to long-term sustainability and public trust in water utility management.

Understanding CWT's Business Model

CWT’s business model is characterized by its focus on maintaining reliable, affordable water supply systems backed by disciplined capital investment and proactive risk management. The company’s integrated approach of regulated rate adjustments, infrastructure modernization, and responsive customer service ensures operational stability and positions it as an informed, trustworthy provider in a vital industry.

Rhea-AI Summary
California Water Service Group (Group) has announced the election of Jeffrey Kightlinger to its Board of Directors. Kightlinger, the former CEO of the Metropolitan Water District of Southern California, brings extensive experience in water law and strategic advice on water and energy issues.
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California Water Service Group announces Q3 2023 financial results, with net income of $34.4 million and diluted EPS of $0.60, compared to $55.9 million and $1.03 in Q3 2022. The delayed decision from CPUC on the general rate case is expected to have an adverse impact of $14.0 million to $27.0 million on operating revenue. Group invested $274.1 million in infrastructure improvements. S&P Global Ratings awarded Group an ESG Evaluation score of 74 out of 100. Cal Water filed a financing application to issue up to $1.3 billion of new equity and debt securities. Cal Water earned the WaterSense Excellence in Promoting WaterSense Labeled Products Award.
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California Water Service Group (NYSE: CWT) declares 315th consecutive quarterly dividend of $0.26 per common share. Payable on November 17, 2023. Provides water and wastewater service to over 2.1 million people in multiple states.
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California Water Service (Cal Water) receives the 2023 WaterSense Excellence in Promoting WaterSense Labeled Products Award for its commitment to water efficiency.
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California Water Service Group (NYSE: CWT) to release Q3 2023 financial results on October 26, 2023.
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California Water Service Group (NYSE: CWT) receives a score of 74 out of 100 in the recently published ESG Evaluation Report by S&P Global Ratings. The group performed on par with other utility networks in the US and scored higher than the global sector average. The report highlights the company's capable management of water services and sewage treatment, infrastructure resilience, and prioritization of water conservation programs and water affordability initiatives.
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California Water Service (Cal Water) partners with the California Department of Community Services & Development (CSD) to streamline access to funds through the Low Income Household Water Assistance Program (LIHWAP). Cal Water customers who previously received support through the State's Low Income Household Energy Assistance Program (LIHEAP) will be automatically enrolled in LIHWAP. Cal Water customers have received over $1.6 million in assistance through LIHWAP.
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California Water Service Group named one of the 'World's Most Trustworthy Companies' by Newsweek and Statista Inc.
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California Water Service Group (CWT) has been named a Great Place to Work by the Great Place to Work® Institute for the eighth consecutive year, showcasing the company's dedication to its employees.
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California Water Service (Cal Water) (NYSE: CWT) acquires Skylonda Mutual Water Company's water system assets, expanding its customer base by 156 connections.
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FAQ

What is the current stock price of California Wtr Svc Group (CWT)?

The current stock price of California Wtr Svc Group (CWT) is $51.36 as of April 22, 2025.

What is the market cap of California Wtr Svc Group (CWT)?

The market cap of California Wtr Svc Group (CWT) is approximately 3.0B.

What is the core business of California Water Service Group?

CWT is a water utility holding company that provides essential water production, treatment, storage, and distribution services through both regulated and unregulated subsidiaries.

Which regions does CWT serve?

The company operates in several key markets including California, New Mexico, Washington, Hawaii, and Texas, ensuring broad regional coverage for its water services.

How does CWT generate its revenue?

CWT primarily generates revenue through its regulated utilities, which offer stable and predictable water services, supplemented by unregulated water services designed for private and municipal needs.

What measures does CWT take to ensure water quality and safety?

The company employs advanced water treatment technologies, rigorous testing protocols, and adheres to strict federal and state water quality standards to maintain the highest levels of safety and reliability.

How does CWT address regulatory challenges like PFAS compliance?

CWT proactively invests in infrastructure projects to upgrade water treatment systems, pursues cost recovery through regulatory mechanisms, and maintains a focused approach to meet and exceed new environmental standards.

What differentiates CWT from other water utility companies?

CWT’s extensive geographic reach, diversified operational model with both regulated and unregulated segments, and its disciplined approach to infrastructure investment and regulatory compliance set it apart in the competitive water utility landscape.

How does the company support community welfare?

CWT is committed to enhancing community life through significant infrastructure investments, emergency response initiatives, and strategic collaborations with public agencies to ensure safe, reliable water services for all its customers.
California Wtr Svc Group

NYSE:CWT

CWT Rankings

CWT Stock Data

3.02B
59.03M
1%
88.51%
1.38%
Utilities - Regulated Water
Water Supply
Link
United States
SAN JOSE