California Water Service Group

Latest Results (06.10.2025):

California Water Service Group reported strong financial performance for the second quarter of 2025, demonstrating growth in revenue and net income compared to the same period last year. The company continued its focus on infrastructure investment and operational efficiency, maintaining a stable credit rating while advancing its sustainability initiatives.

Revenue Growth

In Q2 2025, California Water Service Group's revenue increased by 8.5% to $265.0 million compared to $244.3 million in Q2 2024. This growth was driven by rate changes, which added $23.9 million, and a 5% increase in customer water usage, contributing an additional $7.0 million.

Net Income Improvement

The company's net income for Q2 2025 reached $42.2 million, or $0.71 per diluted share, marking a 3.9% increase from $40.6 million, or $0.70 per diluted share, in Q2 2024. This improvement highlights the effectiveness of the company's cost management strategies.

Operating Expenses

Operating expenses rose by 8.7% to $213.1 million in Q2 2025, up from $196.1 million in the same quarter last year. The increase was primarily due to higher water production costs and additional investments in capital assets.

Capital Investments

California Water Service Group invested $119.4 million in water system infrastructure during Q2 2025, contributing to a year-to-date total of $229.5 million. These investments support the company's commitment to enhancing service reliability and sustainability.

Credit Rating and Dividends

The company's S&P Global credit rating was affirmed at A+/Stable, reflecting its strong financial position. Additionally, California Water Service Group declared its 322nd consecutive quarterly dividend of $0.30 per share, underscoring its commitment to returning value to shareholders.