Every 10-Q that California Water Service (CWT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CWT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CWT filings page.
California Water Service Group reported stronger results for the quarter ended June 30, 2026. Operating revenue rose to $308.6 million from $265.0 million, and net income attributable to the company increased to $56.5 million (diluted EPS $0.93) from $42.2 million ($0.71). For the first half of 2026, revenue was $523.2 million and net income $60.5 million. Operating cash flow improved to $113.0 million, while utility capital expenditures reached $276.4 million.
Results were driven by higher authorized rates and regulatory revenues. A 2024 California general rate case decision is expected to increase 2026 revenues by about $90.5 million, with potential additional increases in 2027 and 2028 and authorization for about $1.45 billion of capital investment. The company recognized $15.3 million of Interim Rates Memorandum Account revenue and $9.25 million of previously deferred WRAM revenue. It raised $94.1 million through an at-the-market equity program and received $18.5 million of PFAS-related settlement proceeds.
California Water Service Group reported first-quarter 2026 operating revenue of $214.6 million, up 5.2% from $204.0 million a year earlier, mainly from rate increases and higher accrued and unbilled revenue. Net income attributable to the company fell to $4.0 million, or $0.07 per diluted share, from $13.3 million, as higher water production, depreciation, and other operating costs outpaced revenue growth.
Utility plant grew to $6.0 billion, with $129.5 million of capital expenditures in the quarter and construction work in progress of $368.5 million. Short-term borrowings rose to $230.0 million to support working capital and regulatory receivables. The company highlighted a revised California general rate case proposed decision that would authorize sizable revenue increases from 2026–2028, multiple pending rate cases in other states, significant planned PFAS treatment investments, and two pending acquisitions totaling roughly $263 million.
California Water Service Group reported steady Q3 results. Operating revenue rose to $311.2M from $299.6M, and net income attributable to the company was $61.2M with diluted EPS of $1.03, matching last year. Higher revenue largely reflected rate increases, partially offset by higher water production and depreciation costs and higher net interest expense.
For the first nine months, operating revenue was $780.2M versus $814.6M, and net income was $116.7M (EPS $1.96) versus $171.1M (EPS $2.93) a year ago, a decline driven by the prior-year recognition of IRMA balances following the 2021 California GRC approval. Operating cash flow improved to $254.7M, supporting utility plant growth (net utility plant $4.44B). The company set a $350.0M at‑the‑market equity program on May 14, 2025 but did not use it in Q3. It received $34.8M net PFAS settlement installments and recorded related regulatory liabilities. After quarter-end on Oct 1, 2025, it issued $70M 2032 notes, $100M 2035 notes, and Cal Water issued $200M 2055 bonds to refinance debt and for general purposes.