California Water Service Group ( (CWT) ) has released its Q1 earnings. Here is a breakdown of the information California Water Service Group presented to its investors.
California Water Service Group, a leading publicly traded water utility, provides water and wastewater services to over 2.1 million people across California, Hawaii, New Mexico, Washington, and Texas.
In its first quarter of 2025, California Water Service Group reported a net income of $13.3 million, or $0.22 per diluted share, marking a decrease from the previous year but an increase compared to adjusted figures from 2024. The company also noted an operating revenue of $204 million, reflecting a decrease from the previous year but an increase compared to adjusted 2024 figures.
Key financial metrics showed a decrease in operating expenses by $11.3 million, with water production costs and income tax expenses also seeing reductions. The company made capital investments totaling $110.1 million during the quarter, and maintained a strong liquidity position with cash and cash equivalents of $90.1 million.
Strategically, the company continues to focus on infrastructure improvements and regulatory activities, including a proposed $1.6 billion investment plan for 2025-2027. The company also declared its 321st consecutive quarterly dividend, highlighting its commitment to shareholder returns.
Looking ahead, California Water Service Group remains focused on achieving favorable regulatory outcomes and continuing its infrastructure investments to ensure long-term service reliability and shareholder value.