The financials
California Water Service Group by the numbers
California Water Service Group (CWT) reported revenue of $278M in Q2 2026 (quarter ended June 30, 2026), up 8.5% from the same quarter a year earlier. That came with net income of $56M (20% of revenue). For the full year FY2025, revenue was $964M (+6.4% year on year) and net income $128M. Its largest product in 2026-Q1 was Residential at $109M, 53% of the disclosed total, just ahead of Business at 20%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $278M | $256M | +8.5% |
| Operating income | $71M | $52M | +37% |
| Net income | $56M | $42M | +34% |
| Diluted EPS | $0.93 | $0.71 | +31% |
| Product | Revenue | Share |
|---|---|---|
| Residential | $109M | 53% |
| Business | $42M | 20% |
| Multiple Residential | $21M | 10.0% |
| Service Other | $11M | 5.1% |
| Public Authorities | $9.4M | 4.6% |
| Industrial | $6.0M | 2.9% |
| Non Regulated Services | $4.6M | 2.2% |
| Contract Operating And Maintenance | $3.4M | 1.6% |
| Other Non Regulated Service | $1.3M | 0.6% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $206.6M (-36%)
Service Other grew +465% year on yearIndustrial -7.1% year on year
Segment Latestquarter on quarteryear on year
- Residential$108.9M$108.9MQoQ -42%year on year +3.3%-42%+3.3%
- Business$41.9M$41.9MQoQ -26%year on year +3.4%-26%+3.4%
- Multiple Residential$20.6M$20.6MQoQ -9.5%year on year +7.3%-9.5%+7.3%
- Service Other$10.5M$10.5MQoQ -42%year on year +465%-42%+465%
- Public Authorities$9.4M$9.4MQoQ -50%year on year +2.0%-50%+2.0%
- Industrial$6.0M$6.0MQoQ -46%year on year -7.1%-46%-7.1%
- Non Regulated Services$4.6M$4.6MQoQ -2.7%year on year +2.7%-2.7%+2.7%
- Contract Operating And Maintenance$3.4M$3.4MQoQ -4.5%year on year +3.6%-4.5%+3.6%
- Other Non Regulated Service$1.3M$1.3MQoQ +2.6%year on year +0.16%+2.6%+0.16%
- Operating And Maintenance--QoQ -year on year ---
Utilities - Regulated Water
Ranks #5 of 6 by Smart Score