California Water Service Group filed its quarterly report on Form 10-Q for the period ended September 30, 2026, disclosing third-quarter operating revenue of $332.168 million and nine-month net income attributable to the company of $125.910 million.

Key Highlights

  • Q3 Operating Revenue: $332.168 million for the three months ended September 30, 2026, compared with $311.235 million in the same period of 2025, according to the filing.
  • Q3 Net Income Attributable to Company: $65.408 million for the third quarter of 2026, versus $61.230 million in Q3 2025.
  • Nine-Month Earnings Per Share: Basic and diluted EPS of $2.07 for the nine months ended September 30, 2026, compared with $1.96 for the same period in 2025.
  • Total Assets: $6.074 billion as of September 30, 2026, up from $5.671 billion as of December 31, 2025.
  • Total Equity: $1.907 billion as of September 30, 2026, compared with $1.692 billion at year-end 2025.
  • Shares Outstanding: 62,876,955 shares of common stock outstanding as of October 19, 2026.
  • Capital Expenditures: Utility plant expenditures of $424.771 million for the nine months ended September 30, 2026, versus $364.702 million in the prior-year period.

California Water Service Group Third-Quarter 2026 Financial Results

California Water Service Group (NYSE:CWT) reported operating revenue of $332.168 million for the three months ended September 30, 2026, according to the Form 10-Q filed with the SEC. Total operating expenses for the quarter were $249.490 million, resulting in net operating income of $82.678 million. Net interest expense for the quarter was $18.954 million, and income tax expense within operating expenses totaled $17.726 million.

For the nine months ended September 30, 2026, the company reported operating revenue of $855.337 million and net income attributable to California Water Service Group of $125.910 million, the filing disclosed. This compares with $780.162 million in revenue and $116.729 million in net income attributable to the company for the same nine-month period in 2025. Depreciation and amortization for the nine-month period was $104.208 million. Net cash provided by operating activities was $262.239 million for the nine months ended September 30, 2026, versus $254.656 million in the prior-year period.

The balance sheet as of September 30, 2026 showed net utility plant of $4.930 billion, long-term debt net of $1.472 billion, and short-term borrowings of $175.000 million. Total capitalization stood at $3.379 billion. Common stock outstanding increased to 62,877 thousand shares from 59,638 thousand shares at December 31, 2025. Goodwill remained unchanged at $37.063 million. The company's accumulated other comprehensive loss narrowed to $12.768 million from $13.922 million at year-end 2025, reflecting amortization of defined benefit pension plans.

What Was Disclosed

California Water Service Group disclosed unaudited condensed consolidated financial statements for the quarterly period ended September 30, 2026, covering income, balance sheet, and cash flow data, along with share count and capital expenditure figures.