CALIFORNIA WATER SERVICE GROUP

Listed Company

CWTCIK 0001035201NYSELarge AcceleratedWater SupplyDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$128.21M

Total Assets

$5.67B

Equity

$1.69B

Shares Out

59.85M

Op. Cash Flow

$302.56M

CWT$51.84+14.34% · past yearDBEQ Basic

Daily closing prices

Business

California Water Service Group is a water utility holding company serving customers through seven regulated and non-regulated operating subsidiaries. The company produces, purchases, stores, treats, tests, and distributes water for domestic, industrial, public, and irrigation uses, and provides wastewater collection and treatment services in California, Washington, New Mexico, Hawaii, and Texas. Cal Water is the dominant subsidiary by customer connections and operating revenue; the company also operates leased municipal water systems and provides non-regulated water-related services including system operation, meter reading, and billing.

Summary from 10-K filed 2026-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating revenue	1,000	1,037	795	846	791
Purchased water	253	241	224	225	225
Purchased power	45	48	46	45	37
Pump taxes	24	22	19	16	15
Administrative and general	142	140	142	133	127
Other operations	130	118	112	116	86
Maintenance	36	35	32	32	30
Depreciation and amortization	144	132	121	115	109
Income tax expense (benefit)	11	36	−15	3	3
Property and other taxes	44	41	36	35	32
Total operating expenses	830	812	717	719	664
Net operating income	170	225	77	128	127
Non-regulated revenue	21	21	19	21	23
Non-regulated expenses	−15	−14	−12	−25	−17
Other components of net periodic benefit credit	18	16	20	14	10
Allowance for equity funds used during construction	8	7	6	4	3
Income tax expense on other income and expenses	−8	−7	−8	−3	−1
Net other income	24	23	24	12	17
Interest expense	70	61	53	47	—
Allowance for borrowed funds used during construction	−4	−3	−3	−2	−2
Net interest expense	67	58	50	44	43
Net income	128	190	51	95	101
Net loss attributable to noncontrolling interest	−363,000	−722,000	−535,000	−748,000	−146,000
Net income attributable to California Water Service Group	128	191	52	96	101
Basic (in dollars per share)	2.15	3.26	0.91	1.77	1.96
Diluted (in dollars per share)	2.15	3.25	0.91	1.77	1.96
Basic (in shares)	60	59	57	54	52
Diluted (in shares)	60	59	57	54	52

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Land	64	57	47	46	45
Depreciable plant and equipment	5,471	4,977	4,558	4,216	3,900
Construction work in progress	334	329	288	247	223
Intangible assets	40	37	33	28	30
Total utility plant	5,909	5,400	4,925	4,536	4,197
Less accumulated depreciation and amortization	−1,330	−1,242	−1,152	−1,063	−1,350
Net utility plant	4,580	4,159	3,773	3,473	2,847
Cash and cash equivalents	52	50	40	62	78
Restricted cash	46	46	45	23	2
Customers, net	56	59	59	55	61
Regulatory balancing accounts	73	56	64	67	79
Other, net	49	34	16	21	18
Accrued and unbilled revenue, net	40	40	37	33	33
Materials and supplies	20	21	16	13	10
Taxes, prepaid expenses, and other assets	20	20	18	22	20
Total current assets	354	324	296	296	300
Regulatory assets	340	357	258	284	286
Goodwill	37	37	37	37	37
Other	360	303	231	176	153
Total other assets	737	697	—	—	—
TOTAL ASSETS	5,671	5,180	4,596	4,265	3,623
Common stock, $0.01 par value; 136,000 shares authorized, 59,638 and 59,484 outstanding in 2025 and 2024, respectively	596,000	595,000	577,000	556,000	537,000
Additional paid-in capital	973	967	877	760	651
Retained earnings	729	675	550	557	515
Accumulated other comprehensive loss	−14	−7	0	—	—
Noncontrolling interest	3	3	4	5	5
Total equity	1,692	1,638	1,430	1,322	1,172
Long-term debt, net	1,472	1,105	1,053	—	—
Total capitalization	3,164	2,743	2,483	2,375	2,228
Current maturities of long-term debt, net	2	72	672,000	—	—
Short-term borrowings	130	205	180	70	35
Accounts payable	176	168	157	141	144
Regulatory balancing accounts	26	23	22	12	33
Accrued other taxes	6	6	5	9	5
Accrued interest	13	8	7	6	7
Other accrued liabilities	66	56	60	53	43
Total current liabilities	418	538	430	295	272
Deferred income taxes	451	411	353	330	295
Regulatory liabilities	930	815	684	628	180
Pension	94	82	83	78	—
Advances for construction	211	203	199	200	198
Contributions in aid of construction	297	295	286	285	286
Other long-term liabilities	106	94	77	74	73
Contingencies and commitments (Note 15)	—	—	—	—	—
TOTAL CAPITALIZATION AND LIABILITIES	5,671	5,180	4,596	4,265	3,623

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	147	134	123	117	112
Amortization of debt premium and expenses	300,000	200,000	300,000	400,000	400,000
Changes in normalized deferred income taxes	38	40	36	27	25
Change in value of life insurance contracts	−4	−4	−5	7	−4
Stock-based compensation	5	4	3	5	7
Receivables	−21	−42	43	−41	−13
Water Arrearages Payment Program cash received	0	83	0	21	0
Water Arrearages Payment Program cash returned	−78,000	−25	0	−4	0
Accrued and unbilled revenue	44,000	−3	−4	−381,000	1
Taxes, prepaid expenses, and other assets	672,000	−5	654,000	−5	−3
Accounts payable	−20	2	10	−8	−3
Other current liabilities	11	3	−346,000	8	1
Other changes in noncurrent assets and liabilities	25	−79	−34	24	9
Net cash provided by operating activities	303	291	218	244	232
Utility plant expenditures	−517	−471	−384	−328	−293
Business acquisitions, net of cash acquired	0	−2	−175,000	0	−6
Asset acquisitions	0	0	−3	−8	0
Purchase of life insurance	−3	−4	−3	−7	−2
Life insurance proceeds	215,000	1	0	7	0
Other	0	48,000	0	0	—
Net cash used in investing activities	−520	−475	−389	−336	−301
Short-term borrowings	550	505	228	150	200
Repayment of short-term borrowings	−625	−480	−120	−115	−535
Issuance of long-term debt, net of debt issuance costs of $1,777, $184, and $0, respectively	368	125	0	0	279
Advances and contributions in aid of construction	38	30	21	26	28
Refunds of advances for construction	−9	−9	−9	−9	−11
Per- and polyfluoroalkyl substances (PFAS) settlement proceeds	41	0	0	—	—
Retirement of long-term debt	−71	−889,000	−2	−5	−5
Repurchase of common stock	−1	−1	−2	−2	−2
Issuance of common stock	4	89	115	107	198
Dividends paid	−74	−65	−59	−54	−47
Distribution to noncontrolling interest	−790,000	−489,000	−465,000	−348,000	0
Other	0	3	0	0	—
Net cash provided by financing activities	219	195	172	96	105
Change in cash, cash equivalents, and restricted cash	2	11	−59,000	4	36
Interest (net of amounts capitalized)	61	56	49	44	42
Accrued payables for investments in utility plant	68	57	54	52	58
Utility plant contributed by developers	29	30	24	20	20

Filings

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Frequently asked questions

What is CALIFORNIA WATER SERVICE GROUP's CIK number?

CALIFORNIA WATER SERVICE GROUP's SEC CIK number is 0001035201 (1035201). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CALIFORNIA WATER SERVICE GROUP's SEC filings?

All of CALIFORNIA WATER SERVICE GROUP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CALIFORNIA WATER SERVICE GROUP last report earnings?

CALIFORNIA WATER SERVICE GROUP (CWT) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-051949). This is CALIFORNIA WATER SERVICE GROUP's most recent earnings filing of record — not a forecast of its next earnings date.

What is CALIFORNIA WATER SERVICE GROUP's most recent earnings 8-K?

CALIFORNIA WATER SERVICE GROUP's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001104659-26-051949. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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