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.
California Water Service Group reports developments for a regulated water and wastewater utility holding company serving California, Hawaii, New Mexico, Washington, and Texas. Its subsidiaries include California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service, a utility holding company.
Recurring news centers on California Public Utilities Commission rate-case decisions, infrastructure improvement plans, water system investment, quarterly earnings, dividend declarations, and updates tied to safe, reliable service. Company releases also address regulatory mechanisms, operating results, sustainability initiatives, and corporate governance or recognition items.
California Water Service (NYSE:CWT) announced that nearly 400 students and staff at Indianola Elementary School in the Central Valley will return to school with access to safe drinking water. The improvement stems from a partnership among Cal Water, Selma Unified School District, and Self-Help Enterprises.
Groundwater serving the school had unsafe levels of 1,2,3-trichloropropane (TCP). According to the company, Cal Water had previously installed granular-activated carbon treatment for TCP in its Selma District. Selma Unified obtained a $3.2 million grant from the State Water Resources Control Board and oversaw construction to connect the school to Cal Water’s treated system, with Self-Help Enterprises providing technical assistance.
California Water Service (NYSE:CWT) and the County of Tulare have completed a project connecting 27 Harrison Road customers, whose wells had gone dry, to Cal Water’s Visalia District system. More than $1.3 million in funding from Tulare County’s ARPA allocation and the state Department of Water Resources’ Small Community Drought Relief Program supported installation of 2,265 feet of 8-inch pipe, 335 feet of 12-inch pipe, and five fire hydrants, improving access to safe, reliable drinking water and fire protection for this underserved community.
California Water Service Group (NYSE: CWT) reported Q2 2026 net income of $56.5 million, or $0.93 per diluted share, up from $42.2 million, or $0.71, in Q2 2025. Operating revenue rose to $308.6 million from $265.0 million, aided by $15.3 million of IRMA revenue tied to the delayed 2024 California General Rate Case (CA GRC), $15.0 million from rate and regulatory mechanism changes, higher consumption, and deferred regulatory revenues.
The final 2024 CA GRC decision authorizes company-wide rate increases of $90.5 million (10.9%) in 2026, $43.2 million (4.7%) in 2027, and $48.9 million (5.1%) in 2028, plus about $1.45 billion of pre-approved infrastructure investments through 2027 and up to $229 million recoverable via advice letters. In Q2 2026, the company invested a record $147 million in infrastructure and $276.4 million year-to-date. It is progressing on the planned $218 million acquisition of Nexus Water Group’s Nevada and Oregon systems, expected to add roughly 36,000 customer equivalent units and $109 million of rate base, subject to regulatory approvals. The board declared a quarterly dividend of $0.335 per share, supporting an expected annualized dividend of $1.34, representing an 8% increase and the 326th consecutive quarterly dividend.
California Water Service Group (NYSE: CWT) announced that its Board of Directors declared the company’s 326th consecutive quarterly dividend, set at $0.3350 per common share. The dividend is payable on August 21, 2026 to stockholders of record as of the close of business on August 10, 2026.
California Water Service Group (NYSE: CWT) was named by Newsweek as one of only two water utilities on its 2026 list of “America’s Greatest Workplaces.” The ranking, developed with Plant-A Insights and Aniline, evaluated 70,000 U.S. companies on 10 satisfaction categories and 120+ performance indicators.
California Water Service Group (NYSE:CWT) will release its 2026 second-quarter earnings results at 9:00 a.m. ET on Thursday, July 30, 2026, followed by an earnings conference call at 11:00 a.m. ET, accessible by phone and live audio webcast.
California Water Service (NYSE:CWT) has completed its acquisition of Palm Mutual Water Company’s water system assets, following California Public Utilities Commission approval in December 2025.
The Palm Mutual system serves about 250 residents via 63 connections near Cal Water’s Northeast Bakersfield Treatment Plant and will be integrated into the Bakersfield District, which already serves about 445,600 people. Cal Water plans to upgrade infrastructure over time to support long-term water quality and reliability.
California Water Service (NYSE:CWT) earned G480 Platinum Certification from the Alliance for Water Efficiency for its water conservation and efficiency program management. Platinum is the highest status under the American Water Works Association’s G480 standard.
Cal Water is the first utility certified platinum under the updated G480-25 standard, confirming its program meets 100% of voluntary compliance requirements.
California Water Service Group (NYSE:CWT) promoted Tamara S. Johnson to Vice President, California Operations, and Gregory D. Shimansky to Vice President, Rates and Regulatory Affairs, effective July 1, 2026.
Johnson brings 40 years of utility experience; Shimansky succeeds retiring VP Greg A. Milleman.
California Water Service Group (NYSE:CWT) released its 2025 Sustainability Report, aligned with SASB, TCFD, and GRI standards, highlighting progress in environmental, customer, workforce, and governance initiatives.
Key 2025 data include major emissions cuts, extensive recycled water use, customer assistance, safety gains, and diverse procurement.