Business
California Water Service Group Reports Solid Q4 and YE 2025 Results
SAN JOSE, Calif., Feb. 25, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (Group or Company, NYSE: CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Washington, and Texas, today reported solid Q4 and year-end 2025 results and provided an update on the Proposed Decision in its 2024 California General Rate Case (2024 CA GRC). Fourth Quarter and Year-End 2025 Results in Line with Expectations; Impacted by Wet Q4 Weather Q4 Financial Results Q4 2025 net i
About this update from California Water Service Group
[{"type":"text","content":"SAN JOSE, Calif., Feb. 25, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (Group or Company, NYSE: CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Washington, and Texas, today reported solid Q4 and year-end 2025 results and provided an update on the Proposed Decision in its 2024 California General Rate Case (2024 CA GRC).","length":370,"tagName":"p"},{"type":"text","content":"Fourth Quarter and Year-End 2025 Results in Line with Expectations; Impacted by Wet Q4 Weather","length":94,"tagName":"p"},{"type":"text","content":"Q4 Financial Results","length":20,"tagName":"p"},{"type":"text","content":"Q4 2025 net income decreased $8.2 million, or 42%, to $11.5 million, or $0.19 per diluted share, compared to net income of $19.7 million, or $0.33 per diluted share in Q4 2024. Q4 2025 revenue decreased $2.2 million, or less than 1.0%, to $220.0 million, compared to revenue of $222.2 million in Q4 2024.","length":304,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"list","items":[{"val":[{"type":"text","content":"Rate changes and changes in the Monterey-Style Water Revenue Adjustment Mechanism (M-WRAM) added $12.1 million and $4.4 million of revenue, respectively.","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Declining customer consumption decreased revenue by $14.6 million and accrued and unbilled revenue decreased $5.7 million, due to extremely wet December weather in California.","length":175,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":328,"olType":false}]}],"tagName":"ul","bulletedList":true,"length":328,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Q4 2025 operating expenses increased $4.5 million, or 2.3%, to $194.4 million, compared to operating expenses of $189.9 million in Q4 2024.","length":139,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Water production costs decreased by $2.7 million, primarily due to lower consumption, offset by increases in wholesale water rates.","length":131,"tagName":"p"}]},{"val":[{"type":"text","content":"Other operations expenses increased $3.8 million, primarily due to an increase in conservation expenses.","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"Depreciation and amortization increased $3.2 million due to new capital assets placed ...