California Water Service(CWT)
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California Water Service Group Board of Directors Declares 321st Consecutive Quarterly Dividend
Globenewswire· 2025-04-30 20:15
Core Points - California Water Service Group declared its 321st consecutive quarterly dividend of $0.30 per common share, payable on May 23, 2025, to stockholders of record as of May 12, 2025 [1] Company Overview - California Water Service Group is the parent company of regulated utilities including California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service, providing water and wastewater services to over 2.1 million people across these states [2]
California Water Service Group Earns Spot on USA Today's 2025 List of America's Climate Leaders
Newsfilter· 2025-04-22 20:15
Core Points - California Water Service Group has been recognized as one of "America's Climate Leaders" by USA Today and Statista Inc, highlighting its commitment to sustainability and environmental impact [1][2][3] - The ranking evaluates companies with over $50 million in revenue based on their emissions reduction standards and significant reductions in Scope 1 and 2 greenhouse gas emissions intensity from 2021 to 2023 [2] - This marks the first time California Water Service Group has appeared on the list, reflecting its ongoing efforts to meet GHG emissions reduction targets while ensuring reliable water supply [2][3] Company Overview - California Water Service Group is the largest regulated water utility in the western United States, serving over 2.1 million people across multiple states including California, Hawaii, New Mexico, Washington, and Texas [4] - The company focuses on enhancing the quality of life for customers and communities through responsible investments in water and wastewater infrastructure and sustainability initiatives [5] - It has received accolades such as being named one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek, indicating a strong commitment to corporate responsibility and integrity [5]
California Water Service Group Earns Spot on USA Today's 2025 List of America's Climate Leaders
GlobeNewswire News Room· 2025-04-22 20:15
Core Points - California Water Service Group has been recognized as one of "America's Climate Leaders" by USA Today and Statista Inc, highlighting its commitment to sustainability and environmental impact [1][2][3] - The ranking evaluates companies with over $50 million in revenue based on their emissions reduction standards and significant reductions in Scope 1 and 2 greenhouse gas emissions intensity from 2021 to 2023 [2] - This is the first time California Water Service Group has appeared on the list, indicating a notable achievement in its sustainability efforts [2][3] Company Overview - California Water Service Group is the largest regulated water utility in the western United States, serving over 2.1 million people across California, Hawaii, New Mexico, Washington, and Texas [4] - The company focuses on enhancing the quality of life for customers and communities through responsible investments in water and wastewater infrastructure and sustainability initiatives [5] - It has received accolades such as being named one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek, reflecting its commitment to integrity and community well-being [5]
California Water Service Group Schedules 2025 First-Quarter Earnings Results Announcement and Conference Call
Globenewswire· 2025-04-10 20:05
SAN JOSE, Calif., April 10, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2025 first-quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, May 1, 2025. All stockholders and interested investors are invited to attend the conference call. To attend, please dial 1-800-715-9871 or 1-646-307-1963 and key in ID# 7963586, or you may access the live audio webcast at https://edge.media-server. ...
California Water Service Group Named One of "America's Most Trustworthy Companies" by Newsweek
Newsfilter· 2025-03-26 20:15
Core Insights - California Water Service Group has been recognized for the third consecutive year as one of "America's Most Trustworthy Companies" by Newsweek, ranking first among water utilities nationwide [1][2][3] Company Overview - California Water Service Group (NYSE:CWT) is the largest regulated water utility operating exclusively in the western United States, serving over 2.1 million people across California, Hawaii, New Mexico, Washington, and Texas [4][5] - The company operates through its regulated subsidiaries and utility holding company, focusing on providing high-quality, reliable water and wastewater services [4] Trust and Recognition - The recognition is based on an independent survey of 25,000 U.S. residents, resulting in 102,000 evaluations on trust from customers, employees, and investors, along with a social listening analysis of 304,000 company mentions [2] - The company has also been named one of "America's Most Responsible Companies" and one of the "World's Most Trustworthy Companies" by Newsweek, highlighting its commitment to integrity and community well-being [5]
California Water Service Group Named One of “America's Most Trustworthy Companies” by Newsweek
GlobeNewswire News Room· 2025-03-26 20:15
SAN JOSE, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- For the third consecutive year, California Water Service Group (Group) (NYSE: CWT) has earned a spot on Newsweek magazine’s list of “America’s Most Trustworthy Companies.” In Newsweek’s 2025 list, Group ranked first among water utilities nationwide, based on feedback and analysis regarding trust among customers, employees, and investors. The award is presented by Newsweek and Statista Inc., a world-leading statistics portal and industry ranking provider. ...
California Water Service Group Named a Top Workplace in the USA
Globenewswire· 2025-03-20 20:15
SAN JOSE, Calif., March 20, 2025 (GLOBE NEWSWIRE) -- Following its recognition as a Top Workplace in the Bay Area last summer, California Water Service Group (Group) (NYSE: CWT) has earned the 2025 Top Workplaces USA designation by USA Today and Energage, a leading workforce culture research company. This is the first time Group has received this national honor. Top Workplaces USA celebrates organizations with at least 150 employees and that have built exceptional, people-first cultures, according to Energa ...
California Water's Capital Investments to Improve Resiliency
ZACKS· 2025-03-10 13:40
Core Insights - California Water Service Group (CWT) has made a record investment of $471 million in capital improvements in 2024, surpassing the previous year's investment by $87 million [1] - The company's subsidiary, California Water Service, completed $156 million in projects as part of its Main Replacement Program, installing nearly 36 miles of new pipe [2] - CWT plans to invest approximately $660 million, $750 million, and $655 million in capital improvements for the years 2025, 2026, and 2027 respectively [3] Investment Plans - CWT's subsidiary, Cal Water, submitted Infrastructure Improvement Plans proposing over $1.6 billion in investments from 2025 to 2027, with nearly $1.3 billion earmarked for new capital investments [4] - About 46% of the proposed new infrastructure improvements focus on replacing aging water pipelines to enhance water supply reliability [4] - The plans also include upgrades for water quality, infrastructure replacements, and equipment to improve resilience against power outages [5][6] Industry Context - The water and wastewater infrastructure in the U.S. is aging, with water main breaks occurring every two minutes, highlighting the need for significant investments [7] - The U.S. Environmental Protection Agency estimates that $963 billion is required over the next 20 years to maintain and expand drinking water and wastewater services [8] - Other companies in the industry, such as American Water Works, American States Water, and Essential Utilities, are also making substantial investments to upgrade their infrastructure [8][9][12] Company Performance - CWT's stock price has increased by 4.8% over the past month, while the industry has seen a growth of 10.1% [13] - CWT currently holds a Zacks Rank of 3 (Hold) [14]
California Water Service Group Invests $471 Million in Infrastructure in 2024 to Make Water Systems Safer, More Resilient
Globenewswire· 2025-03-06 21:15
SAN JOSE, Calif., March 06, 2025 (GLOBE NEWSWIRE) -- To enhance water safety and reliability for its customers and communities, California Water Service Group (Group) (NYSE: CWT) invested a record $471 million in capital improvements throughout its service areas in 2024. Infrastructure improvements completed last year exceeded the previous high investment recorded in 2023 by $87 million. Group subsidiary California Water Service’s annual Main Replacement Program, the largest portion of the company’s infrast ...
California Water Service: Buy This Dividend King Before The Opportunity Dries Up
Seeking Alpha· 2025-03-05 11:55
Core Insights - The water utility sector is recognized for its remarkable consistency, providing a predictable and reliable stream of profits and free cash flows [1]. Group 1 - The water utility industry is highlighted for its stability and reliability in generating profits [1]. - There are few industries that can match the predictability of the water utility sector in terms of cash flow [1].