California Water Service (CWT) Stock Price & Analysis
CWT Stock Chart & Stats
- Day’s Range
- N/A
- 52-Week Range
- N/A
- Previous Close
- N/A
- Volume
- N/A
- Average Volume (3M)
- N/A
- Market Cap
- MXN 57.31B
- Enterprise Value
- MXN 4.45B
- Total Cash (Recent Filing)
- MXN 45.12M
- Total Debt (Recent Filing)
- MXN 1.65B
- Price to Earnings (P/E)
- 21.6
- Beta
- N/A
- Next Earnings
- Mar 03, 2027 (Est.)
- EPS Estimate
- 7.72
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Regulated Profitability
CWT's regulated utility model supports resilient profitability, with strong EBITDA and a healthy net margin despite modest top-line growth. This earnings base provides recurring capacity to maintain infrastructure, fund operations, and support shareholder distributions over the next several quarters.
Rate Base Expansion
A rapidly expanding rate base can create durable earnings growth when planned investments are completed and approved for recovery. CWT's projected growth, together with the potential $49M California step increase, strengthens visibility into future regulated revenue and returns.
Stable Authorized Returns
Stable authorized returns give CWT a clearer framework for earning on prudent infrastructure investment and reduce near-term regulatory uncertainty. The unchanged allowances support predictable economics as the company executes its capital program and expands its regulated asset base.
Bears Say
Capital-intensive Cash Flow
CWT's infrastructure program consumes substantial cash, and the history of negative annual free cash flow shows that accounting profitability does not consistently convert into internally available funds. Continued investment may require external financing and can constrain financial flexibility.
Debt Funding Reliance
Elevated leverage is typical of regulated utilities but still leaves CWT reliant on debt funding for long-lived infrastructure. Higher obligations can increase interest costs and reduce balance-sheet flexibility, particularly if capital spending or acquisition needs remain elevated.
Operating Cost Pressure
Rising wholesale water and other operating costs can pressure margins when recovery through regulatory mechanisms is delayed or incomplete. Persistent cost inflation, alongside higher taxes and materials expenses, could reduce the earnings benefit of rate increases over the medium term.
California Water Service News
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California Water Service Stock Smart Score
Company Description
California Water Service
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.
- Sector
- General
- Industry
- Regulated Water
- CEO
- Martin A. Kropelnicki
- Employees
- 1,336
- Website
- www.calwatergroup.com
- Address
- 1720 North First Street, San Jose, CA, 95112-4598, US
California Water Service (CWT) Earnings & Revenues
CWT Company Deck
CWT Earnings Call
Earnings Call SentimentPositive
The call was predominantly positive, with year-to-date revenue and earnings growth, record infrastructure investment, strong financing access, regulatory approvals, acquisition progress, dividend growth, and stable authorized returns. The company also reported operational challenges from lower customer usage, higher wholesale water, fuel and material costs, increased taxes and integration expenses, and potential permitting or weather-related capital timing issues. Management nevertheless expressed confidence in the 2026 plan, the California step increase, acquisition closing, and funding outlook.
View all MX:CWT earnings summaries