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 Q3 Earnings Miss Estimates, Revenues Rise Y/Y
Read MoreHide Full Article
Key Takeaways
California Water's Q3 EPS of $1.03 missed estimates but matched last year's result.
Operating revenues rose 3.9% year over year to $311.2 million, topping estimates.
Higher wholesale water costs lifted total expenses 3.4%, offset by stronger operating income.
California Water Service Group (CWT - Free Report) recorded third-quarter 2025 adjusted earnings of $1.03 per share, which missed the Zacks Consensus Estimate of $1.20 by 14.2%. However, the bottom line was on par with the year-ago quarter’s figure.
CWT’s Total Revenues in Q3
Operating revenues totaled $311.2 million, which topped the Zacks Consensus Estimate of $307 million by 1.4%. The top line also climbed 3.9% from $299.6 million recorded in the prior-year quarter.
California Water Service Group Price, Consensus and EPS Surprise
Total operating expenses were $240.6 million, up 3.4% from the year-ago quarter’s level of $232.8 million. Water production costs increased $7.6 million due to a rise in wholesale water rates.
CWT reported maintenance expenses of $9.8 million, up 5.9% year over year.
Net operating income was $70.6 million, up 5.8% from the year-ago quarter’s reported figure of $66.7 million.
Net interest expenses were $17.1 million, up 26% from the prior-year quarter’s figure of $13.6 million.
CWT’s Financial Update
As of Sept. 30, 2025, CWT had cash and cash equivalents of $76 million compared with $50.1 million as of Dec. 31, 2024.
As of Sept. 30, 2025, its net long-term debt totaled $1,103.8 million compared with $1,104.6 million as of Dec. 31, 2024.
Middlesex Water Company (MSEX - Free Report) is set to report third-quarter 2025 results on Oct. 31, after market close. The Zacks Consensus Estimate for earnings is pegged at 86 cents per share, which indicates a year-over-year increase of 7.5%.
MSEX’s long-term (three to five years) earnings growth rate is 5.86%. The Zacks Consensus Estimate for third-quarter sales stands at $53 million.
Essential Utilities (WTRG - Free Report) is slated to report third-quarter 2025 results on Nov. 4, after market close. The Zacks Consensus Estimate for earnings is pegged at 27 cents per share, which indicates a year-over-year increase of 8%.
WTRG’s long-term earnings growth rate is 6%. The Zacks Consensus Estimate for third-quarter sales stands at $477.3 million, which calls for a year-over-year rise of 9.7%.
American States Water (AWR - Free Report) is slated to report third-quarter 2025 results on Nov. 5, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.01 per share, which indicates a year-over-year increase of 6.3%.
AWR’s long-term earnings growth rate is 5.65%. The Zacks Consensus Estimate for third-quarter sales stands at $178 million, which calls for a year-over-year rise of 10%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
California Water Q3 Earnings Miss Estimates, Revenues Rise Y/Y
Key Takeaways
California Water Service Group (CWT - Free Report) recorded third-quarter 2025 adjusted earnings of $1.03 per share, which missed the Zacks Consensus Estimate of $1.20 by 14.2%. However, the bottom line was on par with the year-ago quarter’s figure.
CWT’s Total Revenues in Q3
Operating revenues totaled $311.2 million, which topped the Zacks Consensus Estimate of $307 million by 1.4%. The top line also climbed 3.9% from $299.6 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 $240.6 million, up 3.4% from the year-ago quarter’s level of $232.8 million. Water production costs increased $7.6 million due to a rise in wholesale water rates.
CWT reported maintenance expenses of $9.8 million, up 5.9% year over year.
Net operating income was $70.6 million, up 5.8% from the year-ago quarter’s reported figure of $66.7 million.
Net interest expenses were $17.1 million, up 26% from the prior-year quarter’s figure of $13.6 million.
CWT’s Financial Update
As of Sept. 30, 2025, CWT had cash and cash equivalents of $76 million compared with $50.1 million as of Dec. 31, 2024.
As of Sept. 30, 2025, its net long-term debt totaled $1,103.8 million compared with $1,104.6 million as of Dec. 31, 2024.
CWT’s Zacks Rank
California Water currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Middlesex Water Company (MSEX - Free Report) is set to report third-quarter 2025 results on Oct. 31, after market close. The Zacks Consensus Estimate for earnings is pegged at 86 cents per share, which indicates a year-over-year increase of 7.5%.
MSEX’s long-term (three to five years) earnings growth rate is 5.86%. The Zacks Consensus Estimate for third-quarter sales stands at $53 million.
Essential Utilities (WTRG - Free Report) is slated to report third-quarter 2025 results on Nov. 4, after market close. The Zacks Consensus Estimate for earnings is pegged at 27 cents per share, which indicates a year-over-year increase of 8%.
WTRG’s long-term earnings growth rate is 6%. The Zacks Consensus Estimate for third-quarter sales stands at $477.3 million, which calls for a year-over-year rise of 9.7%.
American States Water (AWR - Free Report) is slated to report third-quarter 2025 results on Nov. 5, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.01 per share, which indicates a year-over-year increase of 6.3%.
AWR’s long-term earnings growth rate is 5.65%. The Zacks Consensus Estimate for third-quarter sales stands at $178 million, which calls for a year-over-year rise of 10%.