The earnings call revealed significant growth in revenue and earnings, strong capital investment, and strategic business developments. However, challenges remain with regulatory processes and substantial PFAS-related expenditures. Despite these challenges, the company's strong financial position and strategic initiatives indicate a positive outlook.

Company Guidance

During the California Water Service Group's second quarter 2025 earnings call, several key metrics and guidance were discussed. Non-GAAP earnings per share increased by 15% year-over-year, despite the complexities caused by the delayed 2021 general rate case, which was approved in 2024. Revenue for Q2 2025 rose by $20.7 million, marking an 8.5% increase to $265 million compared to the previous year. Net income for the quarter was reported at $42.2 million, equating to $0.71 per diluted share. Capital spending saw a 7% increase quarter-over-quarter, reflecting the company's ongoing infrastructure investment efforts. The company maintained a strong liquidity profile with $50.5 million in unrestricted cash and $240 million in available credit. Additionally, California Water was reaffirmed an A+ stable rating by S&P Global, bolstering its financial standing as it progresses with its capital and infrastructure plans. Furthermore, updates on PFAS compliance, significant new contracts, and initiatives in Texas were highlighted, demonstrating the company's commitment to growth and innovation.

Strong Earnings Performance

Non-GAAP earnings per share increased by 15% year-over-year, demonstrating a solid financial performance even in the third year of the rate case in California.

Revenue Growth

Q2 2025 revenue increased by $20.7 million or 8.5% to $265 million compared to Q2 2024.

Capital Investments Increase

Capital spending was up 14.2% for the quarter and 7% year-to-date compared to 2024, reflecting ongoing investments in water infrastructure.

Credit Rating Reaffirmed

S&P Global reaffirmed the company's A+ stable rating, indicating a strong financial position.

New Business Developments

Entered into an agreement with DMB Development for a new wastewater treatment facility in California, expected to add over 15,000 customer connections.

Sustainability and Community Engagement

Published a sustainability report highlighting reductions in greenhouse gas emissions and community donations exceeding $1.1 million.

California Water Service (CWT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CWT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	1.17 / -	1.03	―	―	―
Jul 31, 2025	2025 (Q2)	0.56 / 0.71	0.7	1.43% (+0.01)
May 01, 2025	2025 (Q1)	0.15 / 0.22	1.21	-81.82% (-0.99)
Feb 27, 2025	2024 (Q4)	0.24 / 0.33	0.52	-36.54% (-0.19)
Oct 31, 2024	2024 (Q3)	1.05 / 1.03	0.6	71.67% (+0.43)
Aug 01, 2024	2024 (Q2)	0.53 / 0.70	0.17	311.76% (+0.53)
Apr 25, 2024	2024 (Q1)	0.13 / 1.21	-0.4	402.50% (+1.61)
Feb 29, 2024	2023 (Q4)	1.53 / 0.52	0.35	48.57% (+0.17)
Oct 26, 2023	2023 (Q3)	0.73 / 0.60	1.03	-41.75% (-0.43)
Jul 27, 2023	2023 (Q2)	0.50 / 0.17	0.36	-52.78% (-0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CWT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$44.60	$45.18	+1.30%
May 01, 2025	$50.01	$49.59	-0.84%
Feb 27, 2025	$45.38	$44.40	-2.16%
Oct 31, 2024	$49.98	$50.64	+1.32%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does California Water Service (CWT) report earnings?

California Water Service (CWT) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is California Water Service (CWT) earnings time?

California Water Service (CWT) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CWT EPS forecast?

CWT EPS forecast for the fiscal quarter 2025 (Q3) is 1.17.

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