California Water Service Group Reports Solid Third Quarter 2026 Results and Successful Execution of Business Strategy
Key Highlights
- ➤Q3 revenue $332.2 million, up 6.7% year over year
- ➤Q3 net income $65.4 million; diluted EPS rose to $1.05
- ➤Washington rate case approval adds $4.1 million to annual revenues
- ➤Nevada and Oregon acquisition approvals clear expected Q4 2026 closings
- ➤YTD infrastructure investment reached $424.8 million, up 16.5%
Expert Statements
Martin A. Kropelnicki, Chairman and Chief Executive Officer of California Water Service Group
“We are making investments needed to provide safe, reliable water service; working with our regulators to recover costs while keeping rates affordable; focusing on maintaining a strong balance sheet; preparing for emergencies that can affect our customers, including extreme weather events and wildfires; and making a difference in our communities. We delivered strong results by maintaining a laser focus on executing our strategy and putting our customers first”
SAN JOSE, Calif., Oct. 28, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (Group or Company, NYSE: CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Washington, and Texas, today reported solid financial results for the third quarter 2026.
Financial Highlights * Recorded net income of $65.4 million and diluted EPS of $1.05 in Q3 2026, compared to net income of $61.2 million and diluted EPS of $1.03 reported in Q3 2025. * Invested $148.3 million in water system infrastructure. * Received approval from the Washington Utilities and Transportation Commission (WUTC) on the Washington Water Service (Washington Water) General Rate Case (GRC) that will add $4.1 million to annual revenues. * Received change-of-control approval from the public utilities commissions in Nevada and Oregon for water and wastewater system acquisitions. * Declared the 327(th )consecutive quarterly dividend in the amount of $0.335 per common share. According to Chairman and Chief Executive Officer Martin A. Kropelnicki, the Company’s solid financial performance reflects the continued successful execution of its business strategy, including improving water system sustainability and keeping rates affordable.
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