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California Water Service Group Q4 2023 Earnings Report

California Water Service Group logo
$47.55 -0.36 (-0.75%)
(As of 01:53 PM ET)

California Water Service Group EPS Results

Actual EPS
$0.52
Consensus EPS
$1.50
Beat/Miss
Missed by -$0.98
One Year Ago EPS
$0.35

California Water Service Group Revenue Results

Actual Revenue
$214.50 million
Expected Revenue
$269.41 million
Beat/Miss
Missed by -$54.91 million
YoY Revenue Growth
+6.80%

California Water Service Group Announcement Details

Quarter
Q4 2023
Time
Before Market Opens

Conference Call Resources

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California Water Service Group Earnings Headlines

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About California Water Service Group

California Water Service Group (NYSE:CWT), through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services. It offers its services to approximately 497,700 customer connections in 100 California communities; approximately 6,500 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 38,000 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 11,400 water and wastewater customer connections in Rio Communities, Rio Del Oro, Meadow Lake, Indian Hills, Squaw Valley, Elephant Butte, Morningstar, Sandia Knolls, Juan Tomas, and Cypress Gardens systems. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

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