California Water Q2 EPS Jumps 27%
California Water Service Group (NYSE:CWT), a regulated water utility serving communities in California and several other Western states, released its Q2 2025 earnings results on July 31, 2025. The most notable news was a clear outperformance versus analyst expectations: GAAP earnings per share reached $0.71, well above the GAAP consensus of $0.56. Revenue (GAAP) climbed to $264.95 million, topping GAAP estimates by more than $21 million and rising more than 8% year over year (GAAP). Operating expenses (GAAP) rose at nearly the same pace as revenue (GAAP), as cost pressures continued. Overall, the period reflected solid execution, ongoing capital investment, and steady progress with major regulatory initiatives, but the outlook remains closely tied to regulatory outcomes and expense management.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
California Water Service Group is a large investor-owned utility specializing in regulated water and wastewater services. Its market includes more than two million people across California and select communities in Hawaii, Washington, Texas, and New Mexico. Most revenue comes from California, where it operates under strict regulatory oversight and must justify rates through General Rate Cases reviewed by state authorities.
Source Fool.com
