Earnings ·
California Water Service Group reported second quarter 2026 net income of $56.5 million, or $0.93 per diluted share…
CWTCalifornia Water Service Group
California Water Service Group reported second quarter 2026 net income of $56.5 million, or $0.93 per diluted share, compared to $42.2 million, or $0.71 per diluted share, in the prior year period. Revenue increased to $308.6 million from $265.0 million, driven by rate adjustments and regulatory mechanisms following the final decision on the 2024 California General Rate Case. The company declared a quarterly dividend of $0.3350 per share, payable August 21, 2026 to shareholders of record as of August 10, 2026. Additionally, the firm announced progress on its approximately $218 million acquisition of Nexus Water Group's systems in Nevada and Oregon. California Water Service Group operates as a regulated water utility serving customers across multiple western U.S. states.