California Water Service Q3 revenue rises on rate hikes, customer growth
CWT•CWT•CWT•CWT•California Water Service's third-quarter revenue rose 6.7% year over year to $332.20 million, while diluted EPS increased to $1.05 from $1.03. The company expects to close its Nevada and Oregon acquisitions in Q4 2026 and invest $228 million in PFAS treatment and well replacement projects.
Third-quarter revenue rose 6.7% year over year to $332.20 million, compared with a consensus estimate of $332.17 million. Diluted EPS increased to $1.05 from $1.03 a year earlier, and net income was $65.40 million.
The company said rate changes, new customers and regulatory approvals in Washington supported revenue growth, partly offset by lower customer water usage. It expects to close its Nevada and Oregon acquisitions in Q4 2026 and invest $228 million in PFAS treatment and well replacement projects; it said it has resources to finance ongoing initiatives into the first half of 2027.
