The earnings call highlighted strong financial performance, including a significant increase in non-GAAP EPS and revenue, as well as a stable credit rating and new business opportunities. However, challenges such as PFAS treatment costs, a slight decline in net income, and an unsettled rate case were noted.

Company Guidance -

Q3 2025

During the California Water Service Group's second quarter 2025 earnings call, several key metrics and updates were provided. Non-GAAP earnings per share (EPS) increased by 15% year-over-year, while capital spending rose approximately 7% quarter-over-quarter. Revenue for Q2 2025 increased by $20.7 million or 8.5% to $265 million compared to the same quarter in 2024. Net income for the quarter was $42.2 million or $0.71 per diluted share. Year-to-date revenue through the first six months of 2025 was $468.9 million, a 9.7% increase over the prior year when adjusted for interim rate relief. Notably, the company's capital investments for the quarter and year-to-date were $119.4 million and $229.5 million, respectively, representing a 14.2% increase for the quarter. The company's strong liquidity profile includes $50.5 million in unrestricted cash and $240 million in available credit. Additionally, the company received an A+ stable credit rating from S&P Global and announced a quarterly dividend of $0.30 per share, reflecting a 10.71% increase.

Non-GAAP EPS Growth

Non-GAAP earnings per share increased by 15% year-over-year, which is notably strong for the third year of the rate case in California.

Revenue Increase

Q2 2025 revenue increased by $20.7 million or 8.5% to $265 million compared to Q2 2024. Year-to-date 2025 revenue increased by $41.3 million or 9.7% over non-GAAP 2024 figures.

Capital Investment Growth

Capital investments for the quarter and year-to-date were $119.4 million and $229.5 million, representing a 14.2% increase for the quarter and a 7% increase year-to-date.

Credit Rating Affirmation

The company retained its A+ stable rating from S&P Global, indicating strong financial health.

New Business Development Opportunities

California Water Service Group entered into an agreement to build, own, operate, and finance a wastewater treatment facility in Southern California, expected to serve over 15,000 connections.

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)	1.15 / -	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 1.15.

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