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Earnings transcript
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CWT
California Water Service Group
$46.39
1.26
(2.79%)
| Exchange: | NYSE |
| Market Cap: | 2.777B |
| Shares Outstanding: | 22.523M |
Delayed data
About The Company
| Sector: | Utilities | |||||
| Industry: | Regulated Water | |||||
| CEO: | Martin A. Kropelnicki | |||||
| Full Time Employees: | 1278 | |||||
| Address: |
| |||||
| Website: | https://www.calwatergroup.com |
California Water Service Group (CWT), through its various subsidiaries, operates as a water utility, delivering essential water services and related offerings across several states, including California, Washington, New Mexico, Hawaii, and Texas. The company’s operations encompass the entire water supply chain, from procuring, storing, treating, and rigorously testing water to its widespread distribution and ultimate sale. This water is utilized for a diverse array of purposes, spanning domestic consumption, industrial processes, public use, agricultural irrigation, and crucial fire protection. The group serves a substantial customer base, catering to approximately 494,500 connections across 100 communities in California. Moreover, on the Hawaiian islands of Maui and Hawaii, it manages roughly 6,200 water and wastewater customer hookups. In Washington, approximately 36,400 connections receive service in locations such as Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor. New Mexico communities like Belen, Los Lunas, Indian Hills, and Elephant Butte are served by roughly 8,600 water and wastewater connections. Beyond its core regulated utility functions, California Water Service Group provides various non-regulated, water-related services. These include the management of water systems for both municipal and private entities, the operation of recycled water distribution networks, and specialized services such as water system operation, meter reading, and billing for external companies and public bodies. Furthermore, it generates income by leasing communication antenna sites on its land to telecommunications companies, and it manages the billing of optional third-party insurance schemes for its residential clients. Laboratory services are also part of its offerings. Lastly, the organization handles wastewater collection and purification processes. Established in 1926, the company’s corporate headquarters are situated in San Jose, California.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 794,632 | 1,036,806 | 1,000,140 |
| Gross Profit | 363,377 | 989,116 | 367,431 |
| EBITDA | 217,538 | 424,263 | 358,016 |
| Operating Income | 77,135 | 225,054 | 181,585 |
| Net Income | 51,911 | 190,807 | 128,211 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 4,595,533 | 5,180,283 | 5,671,165 |
| Total Liabilities | 3,165,221 | 3,541,997 | 3,979,190 |
| Total Stockholders Equity | 1,426,733 | 1,638,286 | 1,691,975 |
| Total Debt | 1,247,007 | 1,383,211 | 2,270 |
| Cash and Cash Equivalents | 39,591 | 50,121 | 51,820 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 217,817 | 290,867 | 302,561 |
| Capital Expenditure | -383,747 | -470,800 | 0 |
| Free Cash Flow | -165,930 | -179,933 | 302,561 |
| Net Income | 51,911 | 190,085 | 127,848 |
| Net Change in Cash | -59 | 10,721 | 1,686 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,233,301.396 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,248,394.893 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,244,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 532,119.162 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 538,631.389 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 536,735.172 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 197,537.297 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 200,688.305 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 199,770.553 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 190,527.391 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 192,859.120 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 192,180.172 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 3.350 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 3.370 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 3.310 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: California Water Service Group reported strong key financial results in the Q2 2025 earnings call, with revenue and net income showing consistent growth as per income statement data. This performance aligns with positive operating cash flow and free cash flow trends from cash flow statements, indicating robust operational efficiency.
- Strong Capital Investment Strategy: The earnings call summary highlights a focused execution of capital investment plans, which is supported by significant capital expenditure figures in the cash flow statements. This positions CWT to enhance infrastructure and service delivery in its regulated water utility operations.
- Stable Dividend Yield: With a competitive dividend yield (as per key metrics TTM data), CWT offers an attractive return to income-focused investors, underpinned by consistent dividend payments noted in cash flow statements.
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Intrinsic Value Calculator
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Common questions about CWT valuation
Is California Water Service Group (CWT) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for California Water Service Group (CWT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CWT a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CWT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CWT’s P/E ratio?
You can see CWT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CWT?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CWT a good long-term investment?
Whether CWT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CWT
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Daily snapshot
2.79
Trading Metrics:
| Open: | 45.39 | Previous Close: | 45.13 | |
| Day Low: | 45.29 | Day High: | 46.68 | |
| Year Low: | 41.29 | Year High: | 50.44 | |
| Price Avg 50: | 44.7 | Price Avg 200: | 45.23 | |
| Volume: | 358468 | Average Volume: | 540936 |
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Login — it's freeCWT full analysis
Welcome to MARKETSNAP’s SWOT analysis for California Water Service Group, also known by its ticker CWT. If you’re a long-term investor looking to dive into a utility stock with a unique position in the water sector, you’re in the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for this company, while weaving in some recent developments and financial insights to help you gauge its potential for your portfolio. Let’s get started with a quick overview of…
