California Water Service Group (Cal Water) reported Q4 2025 net income of USD 11.5 million, down 42% year over year, with diluted EPS of USD 0.19. Q4 revenue was USD 220.0 million, down less than 1.0%, with Cal Water citing lower customer consumption and a USD 5.7 million decline in accrued and unbilled revenue due to extremely wet December weather in California, partly offset by rate changes and M-WRAM impacts. For FY 2025, Cal Water posted net income attributable to shareholders of USD 128.2 million, down 32.8%, with diluted EPS of USD 2.15. FY revenue was USD 1.0 billion, down 3.5%, while FY operating expenses rose 2.2% to USD 829.8 million. Business and corporate highlights for 2025 included record water system infrastructure investment of USD 517.0 million (up 9.8%), completion of rate cases in Hawaii and Washington adding USD 5.1 million in authorized revenue, private placements of USD 170.0 million of notes and USD 200.0 million of bonds, an announced plan to acquire the remaining interests in BVRT Utility Holding Company LLC, and an agreement to own and operate wastewater and recycled water systems for a San Bernardino County development expected to start with 500 connections and reach up to 15,000 at full buildout. Cal Water also raised its annual dividend 10.71% to USD 1.24 per share, including a one-time special dividend of USD 0.04. The company said it expects a proposed decision in its 2024 California General Rate Case in “days or weeks,” and noted that issuance by March 15 could allow a final decision at the commission’s April 9 meeting.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Water Service Group published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602251610PRIMZONEFULLFEED9661386) on February 25, 2026, and is solely responsible for the information contained therein.