| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 314.10 | 22.6% | 2.6% |
| Total Income | 314.10 | 22.6% | 2.6% |
| Expenditure | 243.48 | 19.1% | 1.7% |
| PBT | — | ||
| Net Profit | 61.23 | 45.2% | 0.9% |
| OPM | 22.48% | 2.26pp | 0.69pp |
| NPM | 19.49% | 3.04pp | 0.32pp |
| EPS | 1.03 | 45.1% | 0.0% |
California Water Service Group Reports Strong Q3 2025 Results
04 May 2026 · 4 May, 8:28 am
Summary
California Water Service Group reported strong financial results for the third quarter of 2025, with a net income of $61.2 million and diluted EPS of $1.03, consistent with the previous year. Revenue increased by 3.9% to $311.2 million, driven by rate changes and the Monterey-Style Water Revenue Adjustment Mechanism. The company invested $135.2 million in water system infrastructure during the quarter. YTD 2025 revenue decreased by 4.2% to $780.2 million, while net income was $116.7 million, or $1.96 per diluted share. The company continues to focus on expense control, infrastructure investment, and customer service.
Key Highlights
- 1
California Water Service Group reported a net income of $61.2 million in Q3 2025, consistent with Q3 2024.
- 2
The company invested $135.2 million in water system infrastructure during Q3 2025, a 14.8% increase over Q3 2024.
- 3
Q3 2025 revenue increased by $11.6 million, or 3.9%, to $311.2 million compared to $299.6 million in Q3 2024.
- 4
The company declared its 323rd consecutive quarterly dividend of $0.30 per share.
- 5
YTD 2025 revenue decreased $34.4 million, or 4.2%, to $780.2 million, compared to YTD revenue of $814.6 million in 2024.
- 6
Group capital investments for the nine months ending September 30, 2025, were $364.7 million, up 9.8% compared to September 30, 2024 YTD investments of $332.2 million.
- 7
Hawaii Water Service received authorization to increase annual revenues by $4.7 million in its five Waikoloa systems.
Management Comments
Martin A. Kropelnicki
I am pleased with the continued strong execution by our team as we continue to pursue fair and affordable rates for customers, particularly in light of the fact that Cal Water is in the third year of a three-year rate case cycle, which is typically the leanest, most financially challenging year as we wait for regulatory relief.
Informational and educational content only. Not investment advice.