
• Reported GAAP EPS of $0.07 down -68.18% YoY • Reported revenue of $214.57M up 5.20% YoY • California Water Service Group expects a final decision on the 2024 CA GRC, which authorizes rate increases adding $90.5 million revenue in 2026, retroactive to January 1, 2026. The company anticipates investing up to $627 million in 2026.
Bullish
California Water Service Group's revised 2024 CA GRC PD authorizes significant rate increases for 2026-2028. The company also expanded its footprint via acquisition and increased infrastructure investments, alongside an 8% dividend increase.
Bearish
California Water Service Group experienced a decrease in Q1 2026 net income to $4.0 million from $13.3 million in Q1 2025, driven by increased operating expenses and reduced revenue from declining customer consumption.