CWT invests $471 million in capital improvements in 2024 and plans to invest nearly $660 million in 2025 to further improve its operations.
SAN JOSE, Calif., March 06, 2025 (GLOBE NEWSWIRE) -- To enhance water safety and reliability for its customers and communities, California Water Service Group (Group) (NYSE: CWT) invested a record $471 million in capital improvements throughout its service areas in 2024.
California Water Service Group (NYSE:CWT ) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants James Lynch - Chief Financial Officer Martin Kropelnicki - Chairman and Chief Executive Officer Greg Milleman - Vice President, Rates and Regulatory Affairs Conference Call Participants Jonathan Reeder - Wells Fargo Davis Sunderland - Baird Operator Hello, and thank you for standing by. I would like everyone to be welcome to the California Water Service Group Q4 2024 and Full Year Earnings Conference Call.
California Water Service Group (CWT) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.52 per share a year ago.
CWT's fourth-quarter earnings surpass estimates, while revenues increase year over year by 3.6%.
SAN JOSE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2024 full-year and fourth-quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, February 27, 2025.
SAN JOSE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- At its meeting on January 29, 2025, the California Water Service Group (NYSE: CWT) (Company) Board of Directors (Board) declared the company's 320th consecutive quarterly dividend in the amount of $0.30 per common share, this reflects an $0.08 annual increase that is expected to yield an annual dividend of $1.20. In addition, the Board declared a one-time special dividend in the amount of $0.04 per common share. Both the quarterly dividend and the special one-time dividend will be payable on February 21, 2025, to stockholders of record as of the close of business on February 10, 2025.
Trump has falsely claimed that Democratic Governor Gavin Newsom and other officials refused to provide water from the northern part of the state to fight the fires.
SAN JOSE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- (NYSE: CWT)—The California Public Utilities Commission (CPUC) has granted the request of California Water Service (Cal Water) and three other utilities to postpone their Cost of Capital applications from May 1, 2025 to May 1, 2026. The decision effectively maintains the current 10.27% return on equity (ROE) and 4.23% cost of debt for Cal Water, with a capital structure of 53.40% common equity and 46.60% long-term debt, and an authorized rate of return of 7.46%.
SAN JOSE, Calif., Jan. 13, 2025 (GLOBE NEWSWIRE) -- To help improve the quality of life in the communities it serves, California Water Service Group (Group) (NYSE: CWT) has opened its 11th annual College Scholarship Program cycle for customers served by its California, Hawaii, New Mexico, and Washington subsidiaries.