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Earnings analysis · 10-Q

CWT earnings analysis

Filed April 30, 2026 · Our reading of the company's report

The latest report

California Water Service Group (CWT) reported Q1 2026 earnings with revenues of $214.6 million, slightly above the estimate of $211.7 million, but significantly missed EPS expectations at $0.07 compared to the…

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California Water Service Group (CWT) reported Q1 2026 earnings with revenues of $214.6 million, slightly above the estimate of $211.7 million, but significantly missed EPS expectations at $0.07 compared to the forecasted $0.24. This quarter reflects a decrease in net income driven by rising operational costs, highlighting challenges in customer usage and water production costs.

Read the original on SEC.gov

Reported figures

Earnings per share
$0.07

What stood out

  • Revenue Exceeds Expectations

    Q1 2026 revenue reached $214.6 million, exceeding the estimate of $211.7 million.

  • Earnings Miss Estimates

    Diluted EPS was reported at $0.07, falling short of the consensus estimate of $0.24.

  • Operating Expenses Increased

    Total operating expenses rose to $196.4 million, an increase of 8.1% year-over-year.

  • 5.2% Revenue Growth YoY

    Operating revenue increased by $10.6 million, or 5.2%, compared to $204.0 million in Q1 2025.

  • Capital Expenditures Increased

    Cash used for capital expenditures was $129.5 million, up from $110.1 million in the same quarter last year.

  • Positive Cash Flow from Operations

    Generated cash flow from operations of $49.4 million, up from $38.4 million in Q1 2025.

What to watch

  • Rising Operating Costs

    Total operating expenses increased by $14.8 million, largely due to higher water production costs.

  • Regulatory Uncertainty

    Ongoing discussion regarding the approval of rate increases poses a risk to future revenue.

  • Declining Customer Usage

    Decreased customer usage led to a negative impact on revenue despite rate increases.

Management's outlook

No changes were made to forward guidance.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.