California Water Service Group Q2 FY26 net income climbs 33.9% to $56.5 million; revenue rises to $308.6 million - CWT News | RalliesCalifornia Water Service Group Q2 FY26 net income climbs 33.9% to $56.5 million; revenue rises to $308.6 million
C
CWT• Quarterly results
- California Water Service Group Q2 2026 net income rose 33.88% to $56.5 million; diluted EPS climbed to $0.93 from $0.71.
- Revenue increased 16.45% to $308.6 million, reflecting retroactive recognition tied to the 2024 California General Rate Case decision.
- Operating expenses grew 11.52% to $237.7 million, on higher water production costs and other operations expenses.
Acquisition progress and dividend
- California Water Service Group progressed the Nexus Water Group Nevada and Oregon acquisition valued at about $218 million.
- The company declared a $0.3350 quarterly dividend payable Aug. 21.
Infrastructure investment and 2026 target
- The company invested a record $147 million in Q2 infrastructure.
- It targets up to $627 million of investment in 2026 under the final 2024 CA GRC framework.
