California Water Q3 Earnings Miss Estimates, Revenues Rise Y/Y

California Water Service Group CWT recorded third-quarter 2025 adjusted earnings of $1.03 per share, which missed the Zacks Consensus Estimate of $1.20 by 14.2%. However, the bottom line was on par with the year-ago quarter’s figure.

CWT’s Total Revenues in Q3

Operating revenues totaled $311.2 million, which topped the Zacks Consensus Estimate of $307 million by 1.4%. The top line also climbed 3.9% from $299.6 million recorded in the prior-year quarter.

CWT’s Operational Update

Total operating expenses were $240.6 million, up 3.4% from the year-ago quarter’s level of $232.8 million. Water production costs increased $7.6 million due to a rise in wholesale water rates.

CWT reported maintenance expenses of $9.8 million, up 5.9% year over year.

Net operating income was $70.6 million, up 5.8% from the year-ago quarter’s reported figure of $66.7 million.

Net interest expenses were $17.1 million, up 26% from the prior-year quarter’s figure of $13.6 million.

CWT’s Financial Update

As of Sept. 30, 2025, CWT had cash and cash equivalents of $76 million compared with $50.1 million as of Dec. 31, 2024.

As of Sept. 30, 2025, its net long-term debt totaled $1,103.8 million compared with $1,104.6 million as of Dec. 31, 2024.

CWT’s Zacks Rank

California Water currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming Releases

Middlesex Water Company MSEX is set to report third-quarter 2025 results on Oct. 31, after market close. The Zacks Consensus Estimate for earnings is pegged at 86 cents per share, which indicates a year-over-year increase of 7.5%.

MSEX’s long-term (three to five years) earnings growth rate is 5.86%. The Zacks Consensus Estimate for third-quarter sales stands at $53 million.

Essential Utilities WTRG is slated to report third-quarter 2025 results on Nov. 4, after market close. The Zacks Consensus Estimate for earnings is pegged at 27 cents per share, which indicates a year-over-year increase of 8%.

WTRG’s long-term earnings growth rate is 6%. The Zacks Consensus Estimate for third-quarter sales stands at $477.3 million, which calls for a year-over-year rise of 9.7%.

American States Water AWR is slated to report third-quarter 2025 results on Nov. 5, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.01 per share, which indicates a year-over-year increase of 6.3%.

AWR’s long-term earnings growth rate is 5.65%. The Zacks Consensus Estimate for third-quarter sales stands at $178 million, which calls for a year-over-year rise of 10%.

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This article originally published on Zacks Investment Research (zacks.com).

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