California Wtr Svc Group Stock Price, News & Analysis

California Water Service Group (NYSE: CWT) has announced its 322nd consecutive quarterly dividend of $0.30 per common share. The dividend will be paid on August 22, 2025, to stockholders of record as of August 11, 2025.

This announcement demonstrates the company's long-standing commitment to providing consistent returns to shareholders, maintaining its track record of regular quarterly dividend payments.

California Water Service (NYSE: CWT) has entered into a 20-year power purchase agreement with EDPR NA Distributed Generation LLC for a 2.35-megawatt DC solar photovoltaic array at its Northeast Bakersfield Treatment Plant. The system is expected to generate 3,800 megawatt-hours of renewable energy annually and reduce grid energy costs by approximately $1.7 million over the agreement term.

The partnership aims to reduce Cal Water's environmental footprint while maintaining affordable water costs for customers in the Bakersfield District, one of its largest service areas. The initiative aligns with Cal Water's commitment to reaching science-aligned greenhouse gas emissions reduction targets and enhancing sustainability in its operations.

California Water Service Group (NYSE:CWT) has awarded $80,000 in scholarships to 13 outstanding students for the 2025-26 academic year through its Scholarship Program. Four students received grand prizes of $10,000 each, while seven others received $5,000 scholarships and two received $2,500 awards.

Selected from nearly 500 applications, nine of the thirteen recipients are first-generation college students. The program, which has provided $839,000 in total scholarships to date, is part of CWT's stockholder-funded philanthropic giving program and doesn't affect customer rates. The scholarship selection was based on academic achievement, community service, and financial need.

The program is administered by Scholarship America, a 501(c)(3) non-profit organization, reflecting CWT's commitment to enhancing the quality of life in its service communities across California, Hawaii, New Mexico, and Washington.

California Water Service Group (NYSE: CWT) has scheduled its 2025 second-quarter earnings announcement for July 31, 2025. The earnings results will be released at 9:00 a.m. ET, followed by a conference call at 11:00 a.m. ET.

The conference call will be led by Chairman and CEO Martin A. Kropelnicki, CFO James P. Lynch, and Chief Business Development Officer Shilen M. Patel. Investors can join via phone using ID# 4275238 or through a live audio webcast. A replay will be available until September 29, 2025.

California Water Service Group (NYSE: CWT) announced that S&P Global has maintained an A+/Stable credit rating for its largest subsidiary, California Water Service (Cal Water). The rating reflects Cal Water's excellent business risk profile and intermediate financial risk profile.

CEO Martin A. Kropelnicki highlighted that this rating validates the company's strong balance sheet, fiscal discipline, and credit metrics, which enable continued infrastructure investments benefiting both stockholders and customers.

California Water Service (NYSE: CWT) has signed an agreement with DMB Development to own and operate the wastewater and recycled water systems of Silverwood, a new master-planned community in San Bernardino County, California.

Initially, Cal Water will serve 500 wastewater connections currently managed by the City of Hesperia. At full buildout, the development is expected to reach over 15,000 customer connections. The company will acquire ownership of the wastewater collection and recycled water distribution systems in phases as they are completed.

The new Silverwood system will become a new Cal Water district under California Public Utilities Commission oversight.

Washington Water Service, a subsidiary of California Water Service Group (NYSE: CWT), has received approval from the Washington Utilities and Transportation Commission to increase annual revenue by $178,000 for its Stroh's water system. The rate increase will be implemented in two phases to minimize customer impact, with half effective immediately and the remainder in Q2 2026. The revenue adjustment follows infrastructure upgrades made since acquiring the Stroh's system in late 2022. Key improvements include replacing well pump equipment, installing a water quality sampling station, enhancing water storage tank safety, and upgrading wellhead meters. The new rates became effective May 23, 2025.

California Water Service (NYSE: CWT) has announced agreements to acquire two water utility systems in Bakersfield: Casa Loma Water Company and Palm Mutual Water Company. Casa Loma serves approximately 900 people through 237 residential and 11 commercial connections, while Palm Mutual serves 63 residential customers. Both systems are strategically located near Cal Water's existing operations, with Casa Loma being three miles from their Bakersfield Operations Center and Palm Mutual two miles from their Northeast Bakersfield Treatment Plant.

Cal Water already has interconnections with both systems and plans infrastructure upgrades to improve service quality. The acquisitions require California Public Utilities Commission approval, and Cal Water intends to implement its existing rate structure for the new customers through a Tier 2 Advice Letter.

California Water Service (CWT) has expanded its educational outreach through its Aqua Adventures program, providing hands-on water conservation field trips to over 400 students from 4th to 6th grade across California. The program, part of Cal Water's "Tap Into Learning" conservation education initiative in partnership with DoGoodery, took students from 12 different schools to explore locations including Scout Island, Cabrillo Marine Aquarium, and California Academy of Sciences. The field trips aim to teach students about water's role in ecosystems and the importance of resource conservation. In its 11th year, the program includes additional educational initiatives such as $250 Water Smart Grants for teachers, a Splash of Creativity art competition, and an H2Oath pledge program.