SAN JOSE, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), has finalized the acquisition of Kings Mountain Park Mutual Water Company's (Kings Mountain) water system assets. Cal Water's Bear Gulch District, which has provided water in recent years to Kings Mountain through a system interconnection, will now provide water utility services directly to Kings Mountain customers. The Bear Gulch District already ser ...

SAN JOSE, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- As part of its dedication to enhancing the transparency of its environmental, social, and governance (ESG) program, California Water Service Group (Group or Company) (NYSE: CWT) today released its 2023 ESG Report and ESG Analyst Download. The ESG Report—which is aligned with recognized reporting frameworks and standards, including the Sustainability Accounting Standards Board Water Utilities & Services Industry Standards, the Recommendations of the Task For ...

SAN JOSE, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- As part of its dedication to enhancing the transparency of its environmental, social, and governance (ESG) program, California Water Service Group (Group or Company) (NYSE: CWT) today released its 2023 ESG Report and ESG Analyst Download. The ESG Report—which is aligned with recognized reporting frameworks and standards, including the Sustainability Accounting Standards Board Water Utilities & Services Industry Standards, the Recommendations of the Task For ...

California Water Service Group is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estima ...

业绩总结 - 公司第一季度2024年运营收入为2.707亿美元，同比增长106.5%[5] - 公司第一季度2024年净利润为6,990万美元，同比增长414.9%[5] - 公司预计2024年资本投资为1.098亿美元，较去年同期增长33.9%[5] 未来展望 - 公司承诺到2035年将绝对范围1和2温室气体排放量减少63%[4][19] 新产品和新技术研发 - 公司承诺投资约2.15亿美元用于PFAS处理项目[18] 市场扩张和并购 - 公司承诺到2035年将绝对范围1和2温室气体排放量减少63%[4] 负面信息 - 无相关负面信息 其他新策略和有价值的信息 - 公司连续第57次提高年度股息，每股股息从1.04美元增至1.12美元[9] - 公司结束2024年第一季度时，现金余额为8,830万美元，其中有45,400万美元被归类为受限制的[10]

财务数据和关键指标变化 - 第一季度营业收入增加106.5%至2.707亿美元,主要由于2021年GRC决定实施两项监管机制的影响,IRMA增加8070万美元,MWRAM增加3170万美元 [9] - 第一季度营业费用增加1.929亿美元,主要由于水生产成本增加920万美元、其他运营费用增加1140万美元以及所得税增加2120万美元 [10] - 第一季度净利润增加415%至6990万美元,每股收益为1.21美元 [12][13] 各条业务线数据和关键指标变化 - 公司未具体披露各业务线的数据和指标变化情况 [无] 各个市场数据和关键指标变化 - 公司未具体披露各个市场的数据和指标变化情况 [无] 公司战略和发展方向及行业竞争 - 公司将继续大规模投资基础设施建设,2024年计划投资3.8亿美元,其中包括2亿美元的自主投资项目 [14][15] - 公司将投资2.15亿美元在100口井上安装PFAS处理设备,以满足新的EPA标准 [36][37][38] - 公司承诺到2023年将范围1和范围2温室气体排放量减少63% [41][42][43] 管理层对经营环境和未来前景的评论 - 公司对加州的水供应情况表示乐观,连续两年降水量高于20年平均水平 [57][58] - 公司认为PFAS合规性问题将给小型水务系统带来更大压力,为公司带来潜在的收购机会 [125][126][127][128] 问答环节重要的提问和回答 问题1 **Michael Gaugler 提问** 询问公司水供应和水生产成本情况 [55] **Marty Kropelnicki 回答** 加州水供应情况良好,公司有新的ICBA机制来应对生产成本上升 [57][58][59][60] 问题2 **Jonathan Reeder 提问** 询问2023年GRC决定带来的追溯性收入的现金回收时间 [65] **Greg Milleman 回答** 公司将在第三季度申请追溯性收入的回收,预计需要12-24个月的时间 [66][67] 问题3 **Angie Storozynski 提问** 询问PFAS支出对公司收益的影响 [98][99][100][101][102][103][104][105] **Marty Kropelnicki 和 Jim Lynch 回答** 公司将通过AFUDC机制抵消PFAS资本支出的影响,同时也在寻求政府补助和向污染者索赔来分担成本 [98][99][100][101][102][103][104][105]

The California Water and Wastewater Arrearages Payment Program was created by the California Legislature to be administered by the Water Board in order to provide relief to community water and wastewater systems for unpaid bills (arrearages) related to the COVID-19 pandemic. In 2023, the California Extended Water and Wastewater Arrearages Payment Program was established and extended the relief period to include arrearages accrued from June 16, 2021 to December 31, 2022. In response to the extended program, ...

财务表现 - California Water Service Group (CWT)在2024年第一季度实现了每股调整收益1.21美元，超出了Zacks Consensus Estimate的21美分，增长了476.2%[1] - 公司的营业收入达到了2.707亿美元，超出了Zacks Consensus Estimate的1.69亿美元，增长了60%[2] - CWT的净营业收入为7790万美元，相比去年同期的亏损1,750万美元有了显著增长[3]

SAN JOSE, Calif., April 25, 2024 (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 results for the first quarter of 2024. Highlights included: Diluted earnings per share of $1.21 in Q1 2024, compared to a loss of $0.40 in Q1 2023.A decision on the 2021 California General Rate Case and Infrastructure Improvement Plan (2021 GRC) that authorizes implementation ...

San Jose, Calif. 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 results for the first quarter of 2024. According to Chairman and Chief Executive Officer Martin A. Kropelnicki, the finalized 2021 GRC decision provided welcome clarity to stakeholders while enabling the Company to make critical infrastructure investments. ● Net income attributable to Group was $69.9 million i ...