We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
California Water Q2 Earnings Surpass Estimates, Revenues Rise Y/Y
Read MoreHide Full Article
Key Takeaways
CWT posted Q2 EPS of 71 cents, topping estimates by 54% and rising 1.4% year over year.
Revenues climbed 8.5% Y/Y to $265M, driven by increased usage and wholesale water rate hikes.
Net operating income rose to $51.8M from $48.2M despite a rise in interest costs.
California Water Service Group (CWT - Free Report) recorded second-quarter 2025 adjusted earnings of 71 cents per share, which beat the Zacks Consensus Estimate of 46 cents by 54.3%. The bottom line also increased 1.4% from the year-ago quarter’s figure of 70 cents.
CWT’s Total Revenues
Operating revenues totaled $265 million, which topped the Zacks Consensus Estimate of $226 million by 17.3%. The top line also climbed 8.5% from $244.3 million recorded in the prior-year quarter.
California Water Service Group Price, Consensus and EPS Surprise
Total operating expenses were $213.1 million, up 8.7% from the year-ago quarter’s level of $196.1 million. Water production costs increased $7.9 million due to a rise in wholesale water rates and increased customer usage.
CWT reported maintenance expenses of $9 million, up 2.9% year over year.
Net operating income was $51.8 million compared with the year-ago quarter’s reported figure of $48.2 million.
Net interest expenses were $16.5 million, up 17.9% from the prior-year quarter’s figure of $14 million.
CWT’s Financial Update
As of June 30, 2025, CWT had cash and cash equivalents of $50.5 million compared with $50.1 million as of Dec. 31, 2024.
As of June 30, 2025, its net long-term debt totaled $1,104 million compared with $1,104.6 million as of Dec. 31, 2024.
American States Water (AWR - Free Report) is slated to report second-quarter 2025 results on Aug. 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 92 cents per share, which indicates a year-over-year increase of 8.2%.
AWR’s long-term (three to five years) earnings growth rate is 5.7%. The Zacks Consensus Estimate for second-quarter sales stands at $169 million, which calls for a year-over-year rise of 8.8%.
Consolidated Water Co. Ltd (CWCO - Free Report) is set to report second-quarter 2025 results soon. The Zacks Consensus Estimate for earnings is pegged at 20 cents per share.
The Zacks Consensus Estimate for second-quarter sales stands at $32.7 million, which suggests year-over-year growth of 0.7%.
Recent Release
American Water Works Company (AWK - Free Report) posted second-quarter 2025 operating earnings per share of $1.48, which missed the Zacks Consensus Estimate of $1.49 by 0.7%.
Total quarterly revenues of $1.276 billion surpassed the Zacks Consensus Estimate of $1.154 billion by 10.6%. The top line also increased 11.1% from the year-ago figure of $1.149 billion.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
California Water Q2 Earnings Surpass Estimates, Revenues Rise Y/Y
Key Takeaways
California Water Service Group (CWT - Free Report) recorded second-quarter 2025 adjusted earnings of 71 cents per share, which beat the Zacks Consensus Estimate of 46 cents by 54.3%. The bottom line also increased 1.4% from the year-ago quarter’s figure of 70 cents.
CWT’s Total Revenues
Operating revenues totaled $265 million, which topped the Zacks Consensus Estimate of $226 million by 17.3%. The top line also climbed 8.5% from $244.3 million recorded in the prior-year quarter.
California Water Service Group Price, Consensus and EPS Surprise
California Water Service Group price-consensus-eps-surprise-chart | California Water Service Group Quote
CWT’s Operational Update
Total operating expenses were $213.1 million, up 8.7% from the year-ago quarter’s level of $196.1 million. Water production costs increased $7.9 million due to a rise in wholesale water rates and increased customer usage.
CWT reported maintenance expenses of $9 million, up 2.9% year over year.
Net operating income was $51.8 million compared with the year-ago quarter’s reported figure of $48.2 million.
Net interest expenses were $16.5 million, up 17.9% from the prior-year quarter’s figure of $14 million.
CWT’s Financial Update
As of June 30, 2025, CWT had cash and cash equivalents of $50.5 million compared with $50.1 million as of Dec. 31, 2024.
As of June 30, 2025, its net long-term debt totaled $1,104 million compared with $1,104.6 million as of Dec. 31, 2024.
CWT’s Zacks Rank
California Water currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
American States Water (AWR - Free Report) is slated to report second-quarter 2025 results on Aug. 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 92 cents per share, which indicates a year-over-year increase of 8.2%.
AWR’s long-term (three to five years) earnings growth rate is 5.7%. The Zacks Consensus Estimate for second-quarter sales stands at $169 million, which calls for a year-over-year rise of 8.8%.
Consolidated Water Co. Ltd (CWCO - Free Report) is set to report second-quarter 2025 results soon. The Zacks Consensus Estimate for earnings is pegged at 20 cents per share.
The Zacks Consensus Estimate for second-quarter sales stands at $32.7 million, which suggests year-over-year growth of 0.7%.
Recent Release
American Water Works Company (AWK - Free Report) posted second-quarter 2025 operating earnings per share of $1.48, which missed the Zacks Consensus Estimate of $1.49 by 0.7%.
Total quarterly revenues of $1.276 billion surpassed the Zacks Consensus Estimate of $1.154 billion by 10.6%. The top line also increased 11.1% from the year-ago figure of $1.149 billion.