Headquartered in San Jose, CA Fiscal year ends December NYSE: CWT calwatergroup.com
California Water Service Group (NYSE: CWT) is a holding company for regulated water and wastewater utilities. Its subsidiaries are California Water Service Company (Cal Water), Hawaii Water Service Company, New Mexico Water Service Company and Washington Water Service Company, plus TWSC, Inc. (Texas Water Service), a utility holding company. Together they provide regulated and non-regulated water and wastewater service to more than 2.2 million people in California, Hawaii, New Mexico, Washington and Texas.
The company earns revenue through rates set by state public utility commissions. Earnings growth is driven by capital investment in rate base, such as water main replacements, groundwater wells and water quality treatment including PFAS remediation. Cal Water's authorized return on equity is 10.27% under a cost of capital decision effective through December 2027.
The company is expanding in the Western U.S. Pending acquisitions include Nexus Water Group's Nevada and Oregon systems, which are approved by both states' regulators and expected to close in Q4 2026. It is also pursuing remaining interests in the BVRT joint venture in Texas. Updated
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California Water Service Group (NYSE: CWT) is a holding company for regulated water and wastewater utilities.
The Wall Street consensus 12-month price target for CWT is $53.75.
