Skip to main content
    C

    California Water Service Group (CWT)

    Official site

    UTILITIES • UTILITIES - REGULATED WATER • NYSE

    $46.01
    +0.19 (+0.41%)

    Market Cap: $2.87B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    51%(20/39)
    Avg Surprise
    -89.59%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.21
    Range$1.21 - $1.21
    1 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$1.07+13.1%
    60d ago$1.07+13.1%
    30d ago$1.07+13.1%
    7d ago$1.14+6.6%
    Current$1.21
    Revenue Consensus
    $316M
    Range$316M - $316M
    1 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.53
    Range$0.47 - $0.66
    3 analysts
    Revenue Consensus
    $288M
    Range$281M - $299M
    3 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.53---
    Sep 26EST
    		-$1.21---
    Jun 26
    Reported Jul 30
    		$0.93$0.79+17.72%Beat+31.0%
    Mar 26
    Reported Apr 30
    		$0.07N/A-67.82%Miss-68.2%
    Dec 25
    Reported Feb 25
    		$0.19$0.33-42.42%Miss-42.4%
    Sep 25
    Reported Oct 30
    		$1.03$0.94+9.57%Beat+0.0%
    Jun 25
    Reported Jul 31
    		$0.71$0.56+26.79%Beat+1.4%
    Mar 25
    Reported May 1
    		$0.22$0.16+37.50%Beat-81.8%
    Dec 24
    Reported Feb 27
    		$0.33$0.16+102.08%Beat-36.5%
    Sep 24
    Reported Oct 31
    		$1.03$1.02+0.98%Beat+71.7%
    Jun 24
    Reported Aug 1
    		$0.70$0.41+70.73%Beat+311.8%
    Mar 24
    Reported Apr 25
    		$1.21$0.36+236.11%Beat+402.5%
    Dec 23
    Reported Feb 29
    		$0.52N/A-58.06%Miss+48.6%
    Sep 23
    Reported Oct 26
    		$0.60$0.72-16.67%Miss-41.7%
    Jun 23
    Reported Jul 27
    		$0.17N/A-65.31%Miss-52.8%
    Mar 23
    Reported Apr 27
    		$-0.40$-0.08-400.00%Miss-2100.0%
    Dec 22
    Reported Mar 1
    		$0.35$0.31+12.90%Beat+400.0%
    Sep 22
    Reported Oct 27
    		$1.03$1.07-3.74%Miss-14.2%
    Jun 22
    Reported Jul 28
    		$0.36$0.55-34.55%Miss-52.0%
    Mar 22
    Reported Apr 28
    		$0.02$0.03-33.33%Miss+133.3%
    Dec 21
    Reported Feb 24
    		$0.07N/A-68.18%Miss-77.4%
    Sep 21
    Reported Oct 28
    		$1.20$0.86+39.53%Beat-38.1%
    Jun 21
    Reported Jul 29
    		$0.75$0.42+78.57%Beat+581.8%
    Mar 21
    Reported Apr 29
    		$-0.06$-0.02-200.00%Miss+85.7%
    Dec 20
    Reported Feb 25
    		$0.31$0.51-39.22%Miss+82.4%
    Sep 20
    Reported Nov 6
    		$1.94$1.11+74.77%Beat+120.5%
    Jun 20
    Reported Jul 30
    		$0.11N/A-81.36%Miss-68.6%
    Mar 20
    Reported Apr 30
    		$-0.42$0.02-2459.55%Miss-82.6%
    Dec 19
    Reported Feb 27
    		$0.17$0.32-46.88%Miss-46.9%
    Sep 19
    Reported Oct 31
    		$0.88$0.79+11.39%Beat+20.5%
    Jun 19
    Reported Aug 1
    		$0.35$0.34+2.94%Beat+66.7%
    Mar 19
    Reported Apr 25
    		$-0.23$0.07-428.57%Miss-360.0%
    Dec 18
    Reported Feb 28
    		$0.32$0.28+14.29%Beat+10.3%
    Sep 18
    Reported Nov 1
    		$0.73$0.70+4.29%Beat+4.3%
    Jun 18
    Reported Jul 26
    		$0.21$0.35-40.00%Miss-46.2%
    Mar 18
    Reported Apr 26
    		$-0.05$0.05-200.00%Miss-350.0%
    Dec 17
    Reported Mar 1
    		$0.29$0.22+31.82%Beat-6.5%
    Sep 17
    Reported Oct 26
    		$0.70$0.68+2.94%Beat-
    Jun 17
    Reported Jul 27
    		$0.39$0.32+21.88%Beat-
    Mar 17
    Reported Apr 27
    		$0.02N/A-60.00%Miss-
    Dec 16
    Reported Feb 23
    		$0.31$0.20+55.00%Beat-

    Dividends

    Dividend Metrics

    Forward Yield2.91%
    Forward Annual Dividend$1.34
    Payout Ratio24.00%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+7.43%
    5Y CAGR+7.85%
    CWT dividend history and ex-dividend datesRun CWT in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio20.73EV/EBITDA12.89x
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin12.60%Operating Margin28.20%
    ROE7.68%ROIC5.35%
    Financial Health
    Debt/Equity0.93xInterest Coverage2.72x
    Current Ratio0.70xQuick Ratio0.67x
    Trading Statistics
    Beta0.48Avg Volume434.07K
    52-Week High$53.4652-Week Low$40.39

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$45.83
    SMA 20$46.06
    SMA 50$48.21
    SMA 200$46.10
    EMA 10$45.95
    EMA 20$46.37
    EMA 50$47.39
    EMA 200$46.87

    MACD

    Line: -0.66Signal: -0.81Hist: 0.15

    ADX

    ADX: 36.5+DI: 10.4-DI: 14.5

    Aroon & PSAR

    Aroon Up4.0
    Aroon Down60.0
    PSAR$45.15

    Bollinger Bands

    Upper Band$47.28
    Lower Band$44.85
    %B Position528%(Upper)
    Band Width0.48

    RSI (14-Day)

    Neutral
    42.0

    Momentum Oscillators

    Stoch %K54.1
    Stoch %D52.4
    Williams %R-47.8
    ROC (10d)2.1%
    Momentum0.96
    CCI (20d)2.2
    MFI (14d)38.3

    Volatility Measures

    ATR (14d)$0.98(2.1%)
    StdDev (20d)0.61
    Hist Vol17.3%(Low)

    Volume Flow

    VWAP$46.13
    OBV-68.9K
    AD Line-155.5M
    CMF (20d)-0.118

    Volume Metrics

    Avg Vol (20d)442.2K
    Vol Ratio1.1x
    VWMA (20d)$46.10

    Pivot Points

    R3$47.85
    R2$47.34
    R1$46.58
    Pivot Point$46.07
    S1$45.31
    S2$44.80
    S3$44.04

    Advanced Oscillators

    TSI-25.33
    Ultimate Osc41.8
    KST-60.57

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$308.60M$214.57M$219.98M$311.24M$264.95M$203.97M$222.19M$299.56M$244.30M$270.75M$214.51M$254.98M
    Cost of Revenue$117.65M$83.16M$-178,222,000$125.00M$103.06M$74.99M$-161,667,000$121.42M$96.70M$89.48M$-158,826,000$106.13M
    Gross Profit$190.95M$131.41M$398.20M$186.24M$161.89M$128.98M$383.86M$178.15M$147.60M$181.27M$373.34M$148.85M
    Operating Expenses$120.05M$113.25M$372.60M$115.62M$110.08M$106.63M$351.62M$111.40M$99.44M$103.38M$338.10M$105.37M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$36.22M$33.69M$37.84M$36.24M$33.32M$34.17M$36.42M$35.45M$32.04M$35.60M$37.06M$34.22M
    Operating Income$70.90M$18.16M$25.60M$70.61M$51.81M$22.34M$32.25M$66.75M$48.17M$77.89M$35.24M$43.47M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$19.77M$18.55M$17.38M$17.13M$16.54M$15.65M$14.88M$13.60M$14.03M$15.04M$12.34M$12.79M
    Income Before Tax$55.88M$1.46M$9.66M$58.53M$39.21M$10.11M$17.71M$58.04M$37.34M$67.74M$28.58M$30.61M
    Income Tax Expense$1.72M$1.39M$2.48M$1.96M$1.75M$1.70M$1.99M$1.94M$1.31M$1.32M$4.11M$1.06M
    Net Income$56.45M$4.04M$11.48M$61.12M$42.05M$13.20M$19.46M$60.55M$40.38M$69.69M$29.94M$34.33M
    EBITDA$105.67M$60.30M$63.84M$112.31M$92.32M$62.25M$66.19M$105.25M$84.90M$116.18M$72.92M$73.79M
    EBIT$75.65M$20.01M$27.05M$75.65M$55.75M$25.76M$32.59M$71.64M$51.37M$82.78M$40.92M$43.40M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

    No research available

    Be the first to write about CWT

    Government Contracts

    Gov Obligations (TTM)
    $3.52M
    Gov Obligations / Revenue
    0.3%
    Obligations YoY
    -41.3%
    Active Awards
    3
    New Awards (TTM)
    1
    Avg Remaining Term
    514.0 mo

    Top agency: Department of Defense at 100.0% of trailing twelve month obligations across 1 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    S5121A25PE005Department of DefenseDefense Contract Management Agency$13500Sep 1, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Is California Water Service Group (CWT) A Bargain Following Its New Debt Offerings?

    California Water Service Group (CWT) has recently completed new debt offerings totaling $275 million to refinance existing borrowings and fund corporate purposes. While analysts consider CWT undervalued at $46.05 against...

    Simply Wall Street•10/15/26•Somewhat-Bullish

    Freedom Broker sets USD 49.00 target for California Water Service stock

    Freedom Broker has initiated coverage on California Water Service (CWT) with a Hold rating and a USD 49.00 price target...

    ad-hoc-news.de•10/15/26•Somewhat-Bullish

    Hawaii Public Utilities Commission Issues General Rate Case Decision for Hawaii Water Service’s Kapalua Water and Wastewater Systems

    The Hawaii Public Utilities Commission has approved a settlement allowing Hawaii Water Service to increase annual revenue by approximately $1.94 million for its Kapalua water and wastewater systems. This decision...

    Carroll County Mirror-Democrat•10/15/26•Bullish

    Hawaii water rates rise this month as regulators allow about $1.94 million more in annual revenue.

    Hawaii Water Service's Kapalua systems have received approval from the Hawaii Public Utilities Commission for an increase of approximately $1.94 million in annual revenue. This rate adjustment, effective this month...

    Stock Titan•10/15/26•Somewhat-Bullish

    Hawaii Public Utilities Commission Issues General Rate Case Decision for Hawaii Water Service’s Kapalua Water and Wastewater Systems

    The Hawaii Public Utilities Commission (HPUC) has approved a settlement agreement for Hawaii Water Service's Kapalua water and wastewater systems...

    Yahoo Finance•10/15/26•Bullish

    CWT Valuation and Fair Value

    P/E
    20.7x
    Forward P/E
    17.4x
    EV/EBITDA
    12.9x
    PEG
    2.2x
    P/B
    1.5x
    See GNG's fair value

    CWT Profitability: Margins, ROIC and FCF

    Gross margin
    86.0%
    Operating margin
    28.2%
    Net margin
    12.6%
    ROIC
    5.3%
    ROE
    7.7%
    FCF margin
    -8.4%

    CWT Competitors

    CompanyTicker
    Avista CorporationAVA
    MGE Energy IncMGEE
    Kenon HoldingsKEN
    Renew Energy Global PLCRNW
    American States Water CompanyAWR
    H2O AmericaHTO
    Chesapeake Utilities CorporationCPK
    Northwest Natural Gas CoNWN

    Sector: Utilities

    CWT Analyst Ratings

    Consensus
    Buy
    Analysts
    3
    Strong Buy
    0
    Buy
    3
    Hold
    0
    Sell
    0
    Strong Sell
    0

    CWT Bull Case vs Bear Case

    Bull case

    • CWT beat EPS estimates in 75.0% of its last 8 reported quarters.
    • CWT grew quarterly revenue 16.5% year over year.

    CWT Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    10.6%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.21
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    CWT Dividend

    Forward yield
    2.9%
    Payout ratio
    24.0%
    3Y DPS growth
    7.4%
    5Y DPS growth
    7.8%
    Pay months
    Feb, May, Aug, Nov
    CWT dividend history

    Frequently Asked Questions About CWT

    What is CWT's current dividend yield?

    California Water Service Group (CWT) has a forward dividend yield of 2.91%.

    Does CWT pay dividends?

    Yes, California Water Service Group pays dividends with a forward dividend yield of 2.91%.

    What is CWT's P/E ratio?

    California Water Service Group has a price-to-earnings (P/E) ratio of 20.73.

    What is CWT's market cap?

    California Water Service Group (CWT) has a market capitalization of $2.87B with a current stock price of $46.01.

    Related stocks

    Sector: Utilities

    All stocks starting with C

    Get full access to GNG Research

    Create a free account to access portfolio tracking, advanced tools, and more.

    Create Free AccountLog In