California Water Service Group
Description
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services. It offers its services to approximately 497,700 customer connections in 100 California communities; approximately 6,500 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 38,000 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 11,400 water and wastewater customer connections in Rio Communities, Rio Del Oro, Meadow Lake, Indian Hills, Squaw Valley, Elephant Butte, Morningstar, Sandia Knolls, Juan Tomas, and Cypress Gardens systems. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
About
CEO
Mr. Martin A. Kropelnicki
Employees
1,266
Instrument type
Common Stock
Sector
Utilities
Industry
Utilities - Regulated Water
MIC code
XNYS
Address
1720 North First Street, San Jose, CA 95112-4598, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Feb 26, 2025 | 0.38 | — | — | — |
| Oct 31, 2024 | 1.05 | 1.03 | -0.02 | -1.90% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 4 |
| Average estimate | — | 0.21 | — | 2.35 |
| Low estimate | — | 0.16 | — | 2.30 |
| High estimate | — | 0.25 | — | 2.45 |
| Last year EPS | — | 1.21 | — | 2.91 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-68.590%
Next qtr. (Mar 2025)
-83.060%
Current year
219.510%
Next year (Dec 2025)
-19.170%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 794.63M | 846.43M | 790.91M | 794.31M | 714.56M |
| Cost of revenue | 431.26M | 432.25M | 393.53M | 402.68M | 373.37M |
| Gross profit | 363.38M | 414.18M | 397.38M | 391.62M | 341.19M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 142.26M | 132.76M | 126.92M | 117.11M | 108.65M |
| Other operating expenses | -5.55M | -4.13M | -3.19M | -4.98M | -6.69M |
| Operating income | 63.63M | 131.78M | 129.28M | 145.98M | 114.52M |
| Non operating interest income | |||||
| Income | 303,000 | 177,000 | 171,000 | 52,000 | 92,000 |
| Expense | 49.82M | 44.34M | 43.21M | 41.86M | 41.22M |
| Other income expense | 30.48M | 14.03M | 18.84M | 4.68M | 7.40M |
| Pretax income | 44.60M | 101.64M | 105.07M | 108.85M | 80.79M |
| Tax provision | -6.78M | 6.38M | 4.09M | 12.02M | 17.67M |
| Net income | 51.38M | 95.26M | 100.98M | 96.83M | 63.12M |
| Basic EPS | 0.91 | 1.77 | 1.96 | 1.97 | 1.31 |
| Diluted EPS | 0.91 | 1.77 | 1.96 | 1.97 | 1.31 |
| Basic average shares | 56.95M | 54.32M | 51.63M | 49.27M | 48.17M |
| Diluted average shares | 56.95M | 54.32M | 51.63M | 49.27M | 48.17M |
| EBITDA | 211.99M | 259.22M | 256.59M | 246.67M | 201.48M |
| Net income from continuing op. | 51.38M | 95.26M | 100.98M | 96.83M | 63.12M |
| Minority interests | 535,000 | 748,000 | 146,000 | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 4.60B | 4.26B | 3.62B | 3.39B | 3.11B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 39.59M | 62.10M | 78.38M | 44.56M | 42.65M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 65.74M | 62.50M | 67.69M | 53.10M | 32.06M |
| Other receivables | 8.66M | 8.02M | 5.96M | 5.69M | 14.19M |
| Inventory | 16.17M | 12.56M | 9.51M | 8.83M | 7.75M |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | 45.38M | 22.93M | 2.27M | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 64.24M | 66.83M | 78.60M | 96.24M | 38.23M |
| Non current assets | |||||
| Properties | 1.38B | 1.30B | 1.20B | 1.14B | 1.05B |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | 287.60M | 247.01M | 222.71M | 171.41M | 245.17M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -1.14B | -1.05B | -1.35B | -1.24B | -1.14B |
| Goodwill | 94.81M | 90.44M | 103.58M | 91.25M | 30.09M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 20.73M | 16.81M | 29.96M | 27.57M | 24.86M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 231.33M | 175.91M | 153.45M | 120.46M | 84.29M |
| Total liabilities | 3.17B | 2.94B | 2.45B | 2.47B | 2.33B |
| Current liabilities | |||||
| Accounts payable | 157.31M | 140.99M | 144.37M | 131.73M | 108.46M |
| Accrued expenses | 18.00M | 17.06M | 15.21M | 10.30M | 8.80M |
| Short term debt | 181.63M | 74.38M | 41.99M | 376.88M | 198.42M |
| Deferred revenue | 13.49M | 8.14M | 3.94M | 2.17M | 2.02M |
| Tax payable | 4.59M | 8.61M | 5.38M | 4.48M | 4.45M |
| Pensions | 30.79M | 30.14M | 25.09M | 25.21M | 28.78M |
| Other current liabilities | 21.54M | 12.24M | 32.91M | 34.64M | 4.46M |
| Non current liabilities | |||||
| Long term debt | 1.05B | 1.05B | 1.06B | 781.10M | 786.75M |
| Provision for risks and charges | — | — | — | — | 1.58M |
| Deferred liabilities | 352.76M | 330.25M | 294.65M | 276.03M | 222.59M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 363.27M | 359.02M | 358.18M | 335.14M | 301.96M |
| Shareholders equity | |||||
| Common stock | 577,000 | 556,000 | 537,000 | 503,000 | 485,000 |
| Retained earnings | 549.57M | 556.70M | 514.87M | 472.21M | 417.15M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 1.43B | 1.32B | 1.17B | 921.34M | 779.91M |
| Additional paid in capital | 876.58M | 760.34M | 651.12M | 448.63M | 362.28M |
| Treasury stock | — | — | — | — | — |
| Minority interest | 3.58M | 4.80M | 5.39M | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | 51.38M | 95.26M | 100.98M | 96.83M | 63.12M | 65.58M | 72.94M | 48.68M | 45.02M | 56.74M | 47.25M | 48.83M | 37.71M | 37.66M | 40.55M | 39.81M | 31.16M | 25.58M | 27.22M | 26.03M | 19.42M | 19.07M | 14.97M | 19.96M | 21.97M | 19.86M | 23.60M | 19.10M | 14.70M | 14.40M |
| Depreciation | 123.12M | 117.36M | 111.58M | 100.94M | 91.29M | 85.71M | 78.59M | 65.20M | 63.18M | 63.32M | 60.25M | 56.87M | 51.98M | 45.27M | 41.64M | 39.49M | 34.24M | 30.65M | 28.73M | 26.11M | 23.26M | 21.24M | 19.23M | 18.37M | 17.25M | 14.90M | — | — | — | — |
| Deferred Taxes | 35.63M | 26.88M | 25.20M | 34.44M | 15.35M | 20.91M | 21.09M | 26.82M | 24.39M | 34.13M | 9.80M | 34.13M | 2.72M | — | — | 10.66M | -262,000 | 3.22M | 3.91M | 17.64M | 2.83M | 786,000 | 2.92M | -3.20M | 1.36M | 300,000 | 1.90M | -2.20M | 1.70M | 1.30M |
| Stock-Based Compensation | 2.99M | 5.16M | 6.81M | 4.59M | 6.73M | 3.14M | 3.12M | 2.85M | 2.58M | 2.20M | 1.83M | 1.44M | 1.30M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -10.21M | 20.63M | -6.62M | -8.86M | -11.05M | -521,000 | -5.89M | -155,000 | 1.04M | -197,000 | -797,000 | -1.40M | 2.96M | -1.66M | -419,000 | 4.44M | — | 665,000 | 661,000 | — | — | — | -1.19M | -71,000 | 3.33M | -960,000 | 13.50M | 12.70M | 11.40M | 11.00M |
| Accounts Receivable | 39.51M | -46.17M | -14.27M | -20.84M | -9.58M | 16.16M | -40.12M | -1.11M | 48,000 | -5.88M | -7.35M | -5.04M | 2.47M | -4.21M | -9.86M | -6.07M | -2.45M | -5.28M | 3.41M | -3.49M | 738,000 | -1.65M | -1.51M | -1.50M | -2.32M | 200,000 | -1.50M | 1.40M | -2.30M | -800,000 |
| Accounts Payable | 9.90M | -7.63M | -2.94M | 373,000 | 10.72M | 4.70M | 1.56M | 3.84M | -819,000 | -1.37M | 3.81M | 879,000 | 4.61M | 220,000 | 1.34M | 2.61M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -33.96M | 31.57M | 10.55M | -89.55M | 1.55M | -17.03M | 15.92M | 10.96M | 9.84M | -20.75M | 9.38M | -7.04M | 19.40M | -5.11M | -1.24M | 4.81M | -12.97M | 7.34M | 8.21M | -6.83M | 10.63M | 516,000 | 6.02M | 1.33M | -1.84M | 3.50M | 2.00M | 1.80M | 2.90M | -700,000 |
| Operating Cash Flow | 218.35M | 243.07M | 231.29M | 117.92M | 168.12M | 178.66M | 147.21M | 157.08M | 145.28M | 128.18M | 124.17M | 128.68M | 123.16M | 72.16M | 72.01M | 95.74M | 49.71M | 62.18M | 72.14M | 59.46M | 56.87M | 39.96M | 40.42M | 34.88M | 39.75M | 37.80M | 39.50M | 32.80M | 28.40M | 25.20M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | 108,000 | — | 28,000 | 59,000 | 666,000 | 395,000 | 319,000 | 57,000 | — | 85,000 | 64,000 | 34,000 | -109.80M | -107.80M | -98.85M | -114.06M | -88.43M | -68.56M | -69.45M | -85.36M | -58.05M | -37.16M | -48.60M | -35.90M | -32.90M | -35.70M | -27.30M | -28.30M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -175,000 | — | -6.45M | -40.48M | — | — | — | — | — | — | — | — | — | — | — | -24.92M | -1.48M | -509,000 | -471,000 | -900,000 | -6.09M | -2.30M | -701,000 | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | -4.60M | — | — | -5.61M | -2.86M | -2.03M | -3.21M | -3.28M | -3.29M | -1.74M | -1.89M | -1.81M | -1.37M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | 1.00M | — | — | 3.49M | 1.56M | 495,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -5.67M | -7.77M | -7.68M | -47.42M | -2.19M | 2.12M | 48.58M | -4.33M | -3.46M | -5.96M | -5.49M | -4.54M | -6.47M | -579,000 | -114.72M | -99.88M | -100.33M | -114.57M | -88.90M | -69.46M | -81.64M | -87.66M | -58.75M | -37.16M | -48.60M | -35.90M | -32.90M | -35.70M | -27.30M | -28.30M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | 278.94M | — | 398.20M | 299.38M | — | 49.82M | 99.34M | 497,000 | 48,000 | 124,000 | 178,000 | 106.17M | 102.96M | 8.88M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -121.81M | -120.42M | -540.35M | -162.24M | -555.57M | -377.53M | -113.83M | -88.61M | -148.00M | -93.71M | -160.52M | -59.04M | -2.96M | -87.69M | -60.81M | -25.53M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | 11.34M | 16.01M | 17.54M | 17.09M | 20.21M | 11.32M | 12.99M | 14.56M | 9.30M | 5.69M | -1.47M | -431,000 | 1.03M | -875,000 | — | 1.57M | 22.16M | 28.77M | 18.47M | 16.22M | 17.72M | 15.69M | 13.20M | 1.86M | 8.24M | 2.70M | 3.30M | 5.30M | 5.00M | 5.30M |
| Financing Cash Flow | 51.54M | -18.88M | -430.32M | 89.88M | -47.25M | -314.52M | 41.09M | 5.44M | -118.46M | -86.28M | -123.54M | -43.40M | -3.08M | 5.52M | -9.71M | -3.15M | -1.59M | 86.35M | -1.91M | 33.68M | 43.78M | -1.47M | -3.87M | -13.89M | -7.13M | -11.00M | -10.20M | -6.50M | -7.20M | 11.30M |
| Other Cash Details | ||||||||||||||||||||||||||||||
| End Cash Position | 84.97M | 85.03M | 80.65M | 45.13M | 43.30M | 47.72M | 95.30M | 25.94M | 8.84M | 19.59M | 27.51M | 38.79M | 27.20M | 42.28M | 9.87M | 13.87M | 6.73M | 60.31M | 9.53M | 18.82M | 2.86M | 1.06M | 953,000 | 3.24M | 1.66M | 1.10M | 1.70M | 1.40M | 6.30M | 1.30M |
| Income Tax Paid | — | — | 3.66M | 4.70M | — | — | — | — | — | — | 7.70M | — | 10.54M | 9.82M | 14.00M | 22.59M | 30.22M | 5.47M | 12.41M | 8.03M | 6.19M | 10.21M | 11.78M | 11.78M | 11.50M | 8.90M | 14.50M | 12.80M | 8.30M | 11.00M |
| Interest Paid | 49.15M | 43.77M | 41.62M | 40.79M | 40.98M | 35.94M | 32.22M | 28.04M | 25.35M | 21.72M | 28.17M | 27.12M | 27.00M | 24.43M | 20.35M | 16.28M | 16.46M | 16.15M | 16.81M | 18.88M | 17.67M | 16.53M | 14.79M | 14.79M | 13.80M | 11.30M | 11.70M | 11.70M | 11.10M | 11.20M |
| Free Cash Flow | -165.93M | -83.99M | -61.48M | -180.73M | -104.98M | -92.69M | -111.35M | -68.49M | -31.86M | -3.88M | 1.19M | 4.23M | -7.27M | -48.42M | -38.18M | -12.07M | -51.29M | -53.45M | -8.26M | -13.16M | -29.82M | -51.81M | -26.76M | -2.53M | -1.23M | 2.30M | 6.50M | -2.50M | 2.50M | -2.80M |
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