California Water Service Group filings document a NYSE-listed water utility holding company and the formal records behind its regulated utility operations. Recent Form 8-K reports cover CPUC actions on California Water Service rate cases, quarterly dividend declarations, Regulation FD disclosures, and exhibits containing related press releases.
Proxy materials cover annual meeting voting matters and governance disclosures, while the filing record identifies CWT common shares and capital-structure information. These documents also provide formal context for infrastructure investment, water quality, customer service, and other operating priorities referenced in company disclosures.
California Water Service Group director Jeffrey Kightlinger acquired 2,816 shares of restricted common stock as an equity award. The grant was made on March 3, 2026 under the company’s equity incentive plan at no cash cost per share and is exempt under Rule 16b-3.
The restricted stock vests on a one-year cliff schedule, with 100% vesting on the first anniversary of the grant date. Following this grant and prior dividend reinvestment activity, Kightlinger now directly holds 8,354.7 shares of common stock.
California Water Service Group director Shelly Marian Esque received a grant of 2,816 shares of restricted common stock on March 3, 2026. The award was granted at no cash cost under the company’s equity incentive plan and will vest 100% on the first anniversary of the grant date.
After this grant, Esque directly holds 18,331 common shares, which the footnotes state include shares previously acquired through dividend reinvestment.
California Water Service Group reports that Greg A. Milleman, its Vice President of Rates and Regulatory Affairs, has notified the company of his intention to retire. His retirement date will be set later, and he will retire after 13 years of service with the company.
The company plans to announce his replacement before the effective retirement date, indicating an orderly transition in leadership for its rates and regulatory affairs function.
California Water Service Group outlines its 2025 operations as a regulated water and wastewater utility serving about 562,000 customer connections, with roughly 500,000 in California and the rest in Hawaii, Washington, New Mexico, and Texas.
The company remains highly dependent on state commissions for rate approval and describes extensive 2024–2026 regulatory activity, including California general rate case proceedings, interim rates, multiple escalation and offset filings, and drought and conservation-related memorandum accounts.
Growth plans emphasize western U.S. expansion, highlighted by an agreement to acquire Nexus Water Group’s Nevada and Oregon systems for about $218 million and a deal for the remaining interests in Texas-based BVRT for $45 million, both subject to regulatory and other customary approvals.
California Water Service Group reported lower quarterly and annual earnings while outlining a major expansion plan. For Q4 2025, net income fell to $11.5 million, or $0.19 per diluted share, from $19.7 million, or $0.33, mainly as wet December weather reduced water use. Q4 revenue was roughly flat at $220.0 million versus $222.2 million a year earlier.
For full-year 2025, revenue was $1,000.1 million compared with $1,036.8 million in 2024, and net income declined to $128.2 million from $190.8 million. On a non‑GAAP basis that excludes 2023 interim rate relief recorded in 2024, 2025 net income of $128.2 million was close to 2024’s adjusted $126.8 million, showing more stable underlying performance.
The company also agreed to buy Nexus Water Group’s Nevada and Oregon water and wastewater subsidiaries for about $218 million, funded with working capital and existing debt and equity facilities. The deal is expected to close by the end of 2026, add about 36,000 equivalent residential connections, and increase consolidated rate base by roughly $109 million. Management expects the acquisition to be accretive within a year after closing, further strengthening its regulated utility footprint across the western United States.
California Water Service Group reported lower quarterly and annual earnings while outlining a major expansion plan. For Q4 2025, net income fell to $11.5 million, or $0.19 per diluted share, from $19.7 million, or $0.33, mainly as wet December weather reduced water use. Q4 revenue was roughly flat at $220.0 million versus $222.2 million a year earlier.
For full-year 2025, revenue was $1,000.1 million compared with $1,036.8 million in 2024, and net income declined to $128.2 million from $190.8 million. On a non‑GAAP basis that excludes 2023 interim rate relief recorded in 2024, 2025 net income of $128.2 million was close to 2024’s adjusted $126.8 million, showing more stable underlying performance.
The company also agreed to buy Nexus Water Group’s Nevada and Oregon water and wastewater subsidiaries for about $218 million, funded with working capital and existing debt and equity facilities. The deal is expected to close by the end of 2026, add about 36,000 equivalent residential connections, and increase consolidated rate base by roughly $109 million. Management expects the acquisition to be accretive within a year after closing, further strengthening its regulated utility footprint across the western United States.
California Water Service Group declared a quarterly cash dividend of $0.3350 per common share. The company stated that this dividend will be paid on February 20, 2026 to stockholders who are on record as of the close of business on February 9, 2026.
California Water Service Group reported the initial shareholdings of insider Todd Kenneth Peters, the company’s Vice President, Engineering. As of 01/01/2026, he beneficially owns 6,775 shares of common stock, held in direct form. The filing does not list any stock options, warrants, or other derivative securities, indicating only common stock ownership at this time.
California Water Service Group executive Michelle R. Mortensen, who serves as VP, Corporate Secretary and Chief of Staff, reported a sale of company stock. On 12/23/2025, she sold 924 shares of common stock at a price of $43.34 per share in a single transaction. After this sale, she beneficially owns 11,511.8 shares of California Water Service Group common stock in direct ownership.
California Water Service Group senior executive James P. Lynch, who serves as SVP, CFO and Treasurer, reported buying company stock. On 12/10/2025, he purchased 550 shares of California Water Service Group common stock in an open-market transaction coded "P" for a purchase. The filing shows a per-share price of about $42.80.
After this transaction, Lynch directly beneficially owns 4,618.9 shares of California Water Service Group common stock. The report is a standard Form 4 insider transaction filed for a single reporting person.
California Water Service Group officer Thomas A. Scanlon, Corporate Controller & PAO, reported two transactions in company common stock. On December 5, 2025, 29 shares were withheld at $44.88 per share to cover taxes on the vesting of a restricted stock award granted June 5, 2024. On December 7, 2025, an additional 23 shares were withheld at $44.88 per share for taxes related to a restricted stock award granted March 7, 2023. After these withholding transactions, Scanlon beneficially owns 3,975.101 shares of California Water Service Group common stock, including shares acquired through the Employee Stock Purchase Program. Both transactions are coded as tax-withholding events rather than open-market buys or sells.