California Water Service Group Holding (CWT)

$45.90 -0.39 (-0.84%)
Market Cap 2.76B
Revenue (ttm) 1.04B
Net Income (ttm) 190.81M
EPS (ttm) N/A
PE Ratio 20.29
Forward PE 19.99
Profit Margin 18.40%
Debt to Equity Ratio 0.90
Volume 275,300
Avg Vol 345,526
Day's Range N/A - N/A
Shares Out 59.57M
Stochastic %K 53%
Beta 0.64
Analysts Strong Sell
Price Target $57.00

Company Profile

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 499,400 customer connections in 100 California communities; approximately 6,700 wate...

Industry: Utilities - Regulated Water
Sector: Utilities
Phone: 408 367 8200
Address:
1720 North First Street, San Jose, United States
NVDAMillionaire
NVDAMillionaire Jul. 8 at 2:23 PM
$CWT Great piece that accurately captures CWT's current position. So if you want to refresh your understanding of CWT or learn about CWT for the first time, this is essential reading. https://beyondspx.com/article/california-water-service-fueling-growth-through-infrastructure-investment-and-regulatory-clarity-nyse-cwt
0 · Reply
Oruveek70
Oruveek70 Jul. 3 at 8:33 AM
$CWT the tutes. https://finance.yahoo.com/news/california-water-group-nyse-cwt-105148271.html
0 · Reply
Oruveek70
Oruveek70 Jul. 3 at 8:03 AM
$CWT https://www.eesi.org/articles/view/data-centers-and-water-consumption
0 · Reply
Oruveek70
Oruveek70 Jul. 3 at 7:57 AM
$CWT a little basic dd on cwt and where to begin - roic, growth potential, expert analysis from online seaches - 'Experts' don't always say the same thing. I believe that fresh water shortages driven by climate change will rewire priorities long-term. In the near term 🔥 areas like quantum computing, 'humanlike' AI etc.. that requires energy from power hungry data centres will thrive however, the heating world is going to force the issue of whether economic growth at all costs can continue. https://finance.yahoo.com/news/3-most-undervalued-water-stocks-104400381.html
1 · Reply
Oruveek70
Oruveek70 Jul. 2 at 11:25 PM
$CWT after hours reduced liquidity...
1 · Reply
JMAR_WTR
JMAR_WTR Jul. 2 at 5:21 PM
$ARQ $CWT $NESR $WTTR
0 · Reply
TimRegan_WTR
TimRegan_WTR Jul. 2 at 5:04 PM
$ARQ $CWT $NESR $WTTR
0 · Reply
research_WTR
research_WTR Jul. 2 at 5:00 PM
Read Peter Gastreich and Jeffrey Robertson’s recap from our latest WTR Symposium Series “CATCH THE WAVE: Investing in Water Treatment and Solutions” featuring senior leadership from four companies whose growth strategies are built around water treatment, solutions, and infrastructure: 🔹 Robert Rasmus, CEO of @ArqCompany (ARQ) 🔹 James Lynch, CFO of @calwater (CWT) 🔹 Blake Gendron, VP of @NESRCorp (NESR) 🔹 Michael Skarke, COO of @selectwaterinc (WTTR) Links to the episode are in the full report. Listen now on Apple Podcasts, Spotify, or our website! https://www.watertowerresearch.com/doc?docID=IR_EnergTra_06162025_1 $ARQ $CWT $NESR $WTTR #WaterTreatment #Infrastructure #SmallCap #Stocks #Investing #Sustainability #Energy #WTRSpotlight #EnvironmentalTech
0 · Reply
Oruveek70
Oruveek70 Jul. 2 at 8:25 AM
$CWT utilitiesv (water companies) are probably not going to see feverish online speculation, by financial gurus - social media hype merchants, about a 'potential squeeze' but that's okay in my view. https://www.zacks.com/stock/news/2553193/california-water-boosts-wastewater-operations-through-silverwood-deal
0 · Reply
TimRegan_WTR
TimRegan_WTR Jun. 25 at 6:10 PM
$ARQ $CWT $NESR $WTTR
0 · Reply
Latest News on CWT
California Water Service Group Schedules 2025 Second-Quarter Earnings Results Announcement and Conference Call

Jul 10, 2025, 4:15 PM EDT - 1 day ago

California Water Service Group Schedules 2025 Second-Quarter Earnings Results Announcement and Conference Call

S&P Global Retains A+/Stable Rating for California Water Service

Jul 10, 2025, 9:15 AM EDT - 2 days ago

S&P Global Retains A+/Stable Rating for California Water Service

California Water Service to Own, Operate New Silverwood Development's Wastewater and Recycled Water Systems

Jun 24, 2025, 4:15 PM EDT - 17 days ago

California Water Service to Own, Operate New Silverwood Development's Wastewater and Recycled Water Systems

Washington Utilities and Transportation Commission Sets New Rates for Washington Water Service's Stroh's Water System to Help Keep Service Safe and Reliable

Jun 4, 2025, 4:15 PM EDT - 5 weeks ago

Washington Utilities and Transportation Commission Sets New Rates for Washington Water Service's Stroh's Water System to Help Keep Service Safe and Reliable

June's Dividend Kings: 3 Ideal Buys In 25 "Safer" Dogs

Jun 4, 2025, 8:13 AM EDT - 5 weeks ago

June's Dividend Kings: 3 Ideal Buys In 25 "Safer" Dogs

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California Water Service Enters into Agreement to Acquire Casa Loma Water Company and Palm Mutual Water Company

May 29, 2025, 4:15 PM EDT - 6 weeks ago

California Water Service Enters into Agreement to Acquire Casa Loma Water Company and Palm Mutual Water Company

California Water Service: Quenching Thirst For Growth And Dividends With This Stock

May 26, 2025, 6:10 AM EDT - 6 weeks ago

California Water Service: Quenching Thirst For Growth And Dividends With This Stock

California Water Service Provides 400 Students with Hands-On Learning to Care for Water Through Conservation Field Trips

May 19, 2025, 4:47 PM EDT - 7 weeks ago

California Water Service Provides 400 Students with Hands-On Learning to Care for Water Through Conservation Field Trips

California Water Service Group Details Progress to Reduce Environmental Footprint, Enhance Corporate Citizenship in 2024 Sustainability Report

May 12, 2025, 6:00 PM EDT - 2 months ago

California Water Service Group Details Progress to Reduce Environmental Footprint, Enhance Corporate Citizenship in 2024 Sustainability Report

Hawaii Public Utilities Commission Sets New Rates for Hawaii Water Service to Help Keep Ka'anapali Water System Safe and Reliable

May 6, 2025, 4:15 PM EDT - 2 months ago

Hawaii Public Utilities Commission Sets New Rates for Hawaii Water Service to Help Keep Ka'anapali Water System Safe and Reliable

Buy 3 "Safer" Dividend Kings Of 25 From May's 55

May 6, 2025, 12:58 PM EDT - 2 months ago

Buy 3 "Safer" Dividend Kings Of 25 From May's 55

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California Water Leaders Gathering in Monterey for ACWA Spring Conference

May 5, 2025, 1:34 PM EDT - 2 months ago

California Water Leaders Gathering in Monterey for ACWA Spring Conference

9 Dividend Aristocrats Potentially Set To Soar, No Matter What Happens Next

May 2, 2025, 7:00 AM EDT - 2 months ago

9 Dividend Aristocrats Potentially Set To Soar, No Matter What Happens Next

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California Water Service Group (CWT) Q1 2025 Earnings Call Transcript

May 1, 2025, 5:19 PM EDT - 2 months ago

California Water Service Group (CWT) Q1 2025 Earnings Call Transcript

California Water Service Group Reports First Quarter 2025 Results

May 1, 2025, 9:00 AM EDT - 2 months ago

California Water Service Group Reports First Quarter 2025 Results

California Water Service Group Board of Directors Declares 321st Consecutive Quarterly Dividend

Apr 30, 2025, 4:15 PM EDT - 2 months ago

California Water Service Group Board of Directors Declares 321st Consecutive Quarterly Dividend

2025 Dividend Kings: Weathering Tariff Volatility Better Than The Market

Apr 23, 2025, 9:58 AM EDT - 2 months ago

2025 Dividend Kings: Weathering Tariff Volatility Better Than The Market

ABM ABT ADM AWR BDX BKH ED

California Water Service Group Earns Spot on USA Today's 2025 List of America's Climate Leaders

Apr 22, 2025, 4:15 PM EDT - 2 months ago

California Water Service Group Earns Spot on USA Today's 2025 List of America's Climate Leaders

California Water Service Group Schedules 2025 First-Quarter Earnings Results Announcement and Conference Call

Apr 10, 2025, 4:05 PM EDT - 3 months ago

California Water Service Group Schedules 2025 First-Quarter Earnings Results Announcement and Conference Call

10 Dividend Aristocrats With Big Upside Potential In 2025

Mar 29, 2025, 7:00 AM EDT - 3 months ago

10 Dividend Aristocrats With Big Upside Potential In 2025

ADM FRT HRL NFG NWN O SCL

California Water Service Group Named One of “America's Most Trustworthy Companies” by Newsweek

Mar 26, 2025, 4:15 PM EDT - 3 months ago

California Water Service Group Named One of “America's Most Trustworthy Companies” by Newsweek

2025 Dividend Kings: Strong Run Continues

Mar 21, 2025, 12:59 PM EDT - 4 months ago

2025 Dividend Kings: Strong Run Continues

ABBV ABM ABT ADM AWR BDX BKH

California Water Service Group Named a Top Workplace in the USA

Mar 20, 2025, 4:15 PM EDT - 4 months ago

California Water Service Group Named a Top Workplace in the USA

California Water Service Group Invests $471 Million in Infrastructure in 2024 to Make Water Systems Safer, More Resilient

Mar 6, 2025, 4:15 PM EST - 4 months ago

California Water Service Group Invests $471 Million in Infrastructure in 2024 to Make Water Systems Safer, More Resilient

California Water Service: Buy This Dividend King Before The Opportunity Dries Up

Mar 5, 2025, 6:55 AM EST - 4 months ago

California Water Service: Buy This Dividend King Before The Opportunity Dries Up

California Water Service Group Announces Addition of Kris A. Hamner as Vice President, Chief Human Resource Officer

Feb 28, 2025, 9:00 AM EST - 4 months ago

California Water Service Group Announces Addition of Kris A. Hamner as Vice President, Chief Human Resource Officer

California Water Service Group (CWT) Q4 2024 Earnings Call Transcript

Feb 27, 2025, 4:11 PM EST - 4 months ago

California Water Service Group (CWT) Q4 2024 Earnings Call Transcript

California Water Service Group Reports Fourth Quarter and Full Year 2024 Results

Feb 27, 2025, 9:00 AM EST - 4 months ago

California Water Service Group Reports Fourth Quarter and Full Year 2024 Results

California Water Service Partners with Walmart to Expand Payment Options for Cash- and Debit Card-Paying Customers

Feb 11, 2025, 4:15 PM EST - 5 months ago

California Water Service Partners with Walmart to Expand Payment Options for Cash- and Debit Card-Paying Customers

23 Upcoming Dividend Increases, Including 2 Kings

Feb 7, 2025, 10:18 AM EST - 5 months ago

23 Upcoming Dividend Increases, Including 2 Kings

AIT ALE AMGN CHD CVX EBTC FBIZ

California Water Service Group Schedules 2024 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call

Feb 6, 2025, 5:55 PM EST - 5 months ago

California Water Service Group Schedules 2024 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call

California Water Service Group Board of Directors Declares 320th Consecutive Quarterly Dividend and Announces One-Time Special Dividend

Jan 29, 2025, 4:05 PM EST - 5 months ago

California Water Service Group Board of Directors Declares 320th Consecutive Quarterly Dividend and Announces One-Time Special Dividend

These Could Be The 10 Best Deep Value Dividend Aristocrat Bargains For February

Jan 25, 2025, 7:01 AM EST - 6 months ago

These Could Be The 10 Best Deep Value Dividend Aristocrat Bargains For February

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What Can The Dividend Kings Deliver In 2025?

Jan 24, 2025, 3:14 AM EST - 6 months ago

What Can The Dividend Kings Deliver In 2025?

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Buy 3 'Safer' Dividend Kings Of 25 From 53 For January

Jan 15, 2025, 12:39 PM EST - 6 months ago

Buy 3 'Safer' Dividend Kings Of 25 From 53 For January

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California Public Utilities Commission Grants California Water Service's Request to Postpone Cost of Capital Application to May 1, 2026

Jan 15, 2025, 8:45 AM EST - 6 months ago

California Public Utilities Commission Grants California Water Service's Request to Postpone Cost of Capital Application to May 1, 2026

California Water Service Group Offering $80,000 to Students through 12th Annual College Scholarship Program

Jan 13, 2025, 4:15 PM EST - 6 months ago

California Water Service Group Offering $80,000 to Students through 12th Annual College Scholarship Program

California Water Service Group Promotes Kenneth G. Jenkins to Vice President, Water Resources Planning and Sustainability

Jan 7, 2025, 4:20 PM EST - 6 months ago

California Water Service Group Promotes Kenneth G. Jenkins to Vice President, Water Resources Planning and Sustainability

California Water Service Awards More Than $175,000 in Grants to Seven Fire Departments

Dec 18, 2024, 6:17 PM EST - 7 months ago

California Water Service Awards More Than $175,000 in Grants to Seven Fire Departments

Tortoise Capital Announces Index Updates for Fourth Quarter 2024

Dec 13, 2024, 4:00 PM EST - 7 months ago

Tortoise Capital Announces Index Updates for Fourth Quarter 2024

EOSE EVGO LB SOBO

Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends

Dec 13, 2024, 4:41 AM EST - 7 months ago

Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends

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This Water Utility Stock Trades At A Discount: Analyst

Dec 11, 2024, 2:06 PM EST - 7 months ago

This Water Utility Stock Trades At A Discount: Analyst

California Water Service Group Completes Purchase of Kukui'ula South Shore Community Services' Wastewater System

Dec 5, 2024, 4:15 PM EST - 7 months ago

California Water Service Group Completes Purchase of Kukui'ula South Shore Community Services' Wastewater System

California Water Service Group Named One of “America's Most Responsible Companies” by Newsweek for Fourth Consecutive Year

Dec 4, 2024, 4:15 PM EST - 7 months ago

California Water Service Group Named One of “America's Most Responsible Companies” by Newsweek for Fourth Consecutive Year

California Water Leaders Heading to Palm Desert for ACWA Fall Conference

Nov 25, 2024, 1:25 PM EST - 8 months ago

California Water Leaders Heading to Palm Desert for ACWA Fall Conference

California Water Service Group (CWT) Q3 2024 Earnings Call Transcript

Oct 31, 2024, 3:55 PM EDT - 9 months ago

California Water Service Group (CWT) Q3 2024 Earnings Call Transcript

California Water Service Group Reports Third Quarter Results

Oct 31, 2024, 9:00 AM EDT - 9 months ago

California Water Service Group Reports Third Quarter Results

California Water Service Group Board of Directors Declares 319th Consecutive Quarterly Dividend

Oct 30, 2024, 4:05 PM EDT - 9 months ago

California Water Service Group Board of Directors Declares 319th Consecutive Quarterly Dividend

NAACP Butte County Chapter Recognizes Cal Water with Award for Commitment to Supporting Oroville, Chico Communities

Oct 21, 2024, 4:30 PM EDT - 9 months ago

NAACP Butte County Chapter Recognizes Cal Water with Award for Commitment to Supporting Oroville, Chico Communities

Newsweek names California Water Service Group One of “America's Greenest Companies”

Oct 14, 2024, 4:15 PM EDT - 9 months ago

Newsweek names California Water Service Group One of “America's Greenest Companies”

NVDAMillionaire
NVDAMillionaire Jul. 8 at 2:23 PM
$CWT Great piece that accurately captures CWT's current position. So if you want to refresh your understanding of CWT or learn about CWT for the first time, this is essential reading. https://beyondspx.com/article/california-water-service-fueling-growth-through-infrastructure-investment-and-regulatory-clarity-nyse-cwt
0 · Reply
Oruveek70
Oruveek70 Jul. 3 at 8:33 AM
$CWT the tutes. https://finance.yahoo.com/news/california-water-group-nyse-cwt-105148271.html
0 · Reply
Oruveek70
Oruveek70 Jul. 3 at 8:03 AM
$CWT https://www.eesi.org/articles/view/data-centers-and-water-consumption
0 · Reply
Oruveek70
Oruveek70 Jul. 3 at 7:57 AM
$CWT a little basic dd on cwt and where to begin - roic, growth potential, expert analysis from online seaches - 'Experts' don't always say the same thing. I believe that fresh water shortages driven by climate change will rewire priorities long-term. In the near term 🔥 areas like quantum computing, 'humanlike' AI etc.. that requires energy from power hungry data centres will thrive however, the heating world is going to force the issue of whether economic growth at all costs can continue. https://finance.yahoo.com/news/3-most-undervalued-water-stocks-104400381.html
1 · Reply
Oruveek70
Oruveek70 Jul. 2 at 11:25 PM
$CWT after hours reduced liquidity...
1 · Reply
JMAR_WTR
JMAR_WTR Jul. 2 at 5:21 PM
$ARQ $CWT $NESR $WTTR
0 · Reply
TimRegan_WTR
TimRegan_WTR Jul. 2 at 5:04 PM
$ARQ $CWT $NESR $WTTR
0 · Reply
research_WTR
research_WTR Jul. 2 at 5:00 PM
Read Peter Gastreich and Jeffrey Robertson’s recap from our latest WTR Symposium Series “CATCH THE WAVE: Investing in Water Treatment and Solutions” featuring senior leadership from four companies whose growth strategies are built around water treatment, solutions, and infrastructure: 🔹 Robert Rasmus, CEO of @ArqCompany (ARQ) 🔹 James Lynch, CFO of @calwater (CWT) 🔹 Blake Gendron, VP of @NESRCorp (NESR) 🔹 Michael Skarke, COO of @selectwaterinc (WTTR) Links to the episode are in the full report. Listen now on Apple Podcasts, Spotify, or our website! https://www.watertowerresearch.com/doc?docID=IR_EnergTra_06162025_1 $ARQ $CWT $NESR $WTTR #WaterTreatment #Infrastructure #SmallCap #Stocks #Investing #Sustainability #Energy #WTRSpotlight #EnvironmentalTech
0 · Reply
Oruveek70
Oruveek70 Jul. 2 at 8:25 AM
$CWT utilitiesv (water companies) are probably not going to see feverish online speculation, by financial gurus - social media hype merchants, about a 'potential squeeze' but that's okay in my view. https://www.zacks.com/stock/news/2553193/california-water-boosts-wastewater-operations-through-silverwood-deal
0 · Reply
TimRegan_WTR
TimRegan_WTR Jun. 25 at 6:10 PM
$ARQ $CWT $NESR $WTTR
0 · Reply
research_WTR
research_WTR Jun. 25 at 1:44 PM
Just dropped our latest WTR Symposium Series podcast: CATCH THE WAVE: Investing in Water Treatment and Solutions Executives from Arq Inc., @calwater, @NESRCorp, and @selectwaterinc joined WTR’s Shawn Severson, Jeffrey Robertson and Peter Gastreich to discuss growth strategies across water treatment tech, infrastructure, and sustainability. Don’t miss it! Listen at the links below! Apple: https://podcasts.apple.com/us/podcast/catch-the-wave-investing-in-water-treatment-and-solutions/id1693448305?i=1000714491994 Spotify: https://open.spotify.com/episode/6s7c6ne5wimILfiHcaFP3K?si=8014a0edb860414d Website: https://www.watertowerresearch.com/media-detail/2180/Media $ARQ $CWT $NESR $WTTR #WaterTech #Infrastructure #Sustainability #WTRInsights #CatchTheWave #InvestSmarter
0 · Reply
ZacksResearch
ZacksResearch Jun. 25 at 1:40 PM
$CWT gains new ground in wastewater systems! 🚰 Cal Water's strategic move to own and operate wastewater and recycled water systems at Silverwood aligns with its expansion and sustainability goals. Expect over 15,000 customer connections when fully developed, boosting service reliability and quality. Discover the full impact here 👉 https://www.zacks.com/commentary/2553193/california-water-boosts-wastewater-operations-through-silverwood-deal?cid=sm-stocktwits-2-2553193-body-66&ADID=SYND_STOCKTWITS_TWEET_2_2553193_BODY_66
0 · Reply
ZacksResearch
ZacksResearch Jun. 25 at 12:48 PM
$CWT just leveled up its wastewater game 💧 Expanding into Silverwood's systems gives California Water a strategic edge in sustainability and statewide growth. See how this deal fits into CWT’s long-term play 👉 https://www.zacks.com/stock/news/2553193/california-water-boosts-wastewater-operations-through-silverwood-deal?cid=sm-stocktwits-2-2553193-teaser&ADID=SYND_STOCKTWITS_TWEET_2_2553193_TEASER
0 · Reply
TimRegan_WTR
TimRegan_WTR Jun. 20 at 2:55 PM
$NESR $WTTR $ARQ $CWT
0 · Reply
research_WTR
research_WTR Jun. 18 at 8:28 PM
Don’t miss our upcoming WTR Symposium Series, “CATCH THE WAVE: Investing in Water Treatment and Solutions,” live Wednesday, June 25 at AM ET on all podcast platforms! WTR’s Shawn Severson, Peter Gastreich, and Jeff Robertson will be joined by four featured companies — Arq, California Water Service, NESR, and Select Water Solutions — all driving growth through water treatment technologies, infrastructure, and other water-related solutions. Subscribe to our podcast and don't miss an episode: https://pod.link/1693448305 $NESR $WTTR $ARQ $CWT #Water #WaterTreament #WaterSolutions #SmallCap #Stocks #Investing #Podcast #WTRSpotlight
0 · Reply
ZacksResearch
ZacksResearch Jun. 11 at 2:08 PM
Why $CWT is a standout in the water supply sector 🚰 🔹 Zacks Rank #2 (Buy) with a 0.8% EPS forecast increase for 2026 and 5.7% revenue growth forecast for 2026 🔹 Outperforming peers with a 0.3% stock rise over the last month 🔹 A robust earnings surprise history of 57.87% over four quarters Complete investment breakdown here 👉 https://www.zacks.com/commentary/2494395/reasons-to-include-california-water-stock-in-your-portfolio-right-away?cid=sm-stocktwits-2-2494395-body&ADID=SYND_STOCKTWITS_TWEET_2_2494395_BODY
0 · Reply
ZacksResearch
ZacksResearch Jun. 11 at 12:54 PM
$CWT is flowing with quiet strength — here’s why I’m watching it now 💧 Steady earnings growth, strong dividend performance, and ongoing infrastructure expansion make this utility play stand out. See why CWT could be a smart long-term hold 👉 https://www.zacks.com/stock/news/2494395/reasons-to-include-california-water-stock-in-your-portfolio-right-away?cid=sm-stocktwits-2-2494395-teaser&ADID=SYND_STOCKTWITS_TWEET_2_2494395_TEASER
0 · Reply
ZacksResearch
ZacksResearch Jun. 5 at 2:08 PM
$CWT's water rate hike approved — what does this mean for investors? 💧 Washington Water Service's rate increase will be phased over two years to cover higher operating costs and infrastructure improvements. This strategic move is essential for maintaining reliable water services and planning long-term investments. Opportunity assessment here 👉 https://www.zacks.com/commentary/2485741/california-waters-arm-gets-rate-hike-approval-to-boost-strohs-system?cid=sm-stocktwits-2-2485741-body&ADID=SYND_STOCKTWITS_TWEET_2_2485741_BODY
0 · Reply
ZacksResearch
ZacksResearch Jun. 5 at 12:44 PM
$CWT just secured a rate hike — here’s why that matters 💧 Its Washington Water unit got greenlit to boost revenues by $178K, aimed at upgrading the Stroh’s system infrastructure. See what this means for the long-term outlook 👉 https://www.zacks.com/stock/news/2485741/california-waters-arm-gets-rate-hike-approval-to-boost-strohs-system?cid=sm-stocktwits-2-2485741-teaser&ADID=SYND_STOCKTWITS_TWEET_2_2485741_TEASER
0 · Reply
ZacksResearch
ZacksResearch May. 30 at 2:28 PM
$CWT expands its reach with new acquisitions! 🚰 California Water Service Group is set to acquire Casa Loma and Palm Mutual's water utility assets, with plans to modernize infrastructure and boost service reliability over time. This move continues CWT's strategy of growth through acquisitions. Discover what this means for CWT's future operations here 👉 https://www.zacks.com/commentary/2479438/california-water-to-buy-casa-loma-palm-mutual-water-utility-assets?cid=sm-stocktwits-2-2479438-body&ADID=SYND_STOCKTWITS_TWEET_2_2479438_BODY
0 · Reply
ZacksResearch
ZacksResearch May. 30 at 1:03 PM
$CWT inks deals to acquire Casa Loma and Palm Mutual systems, boosting its presence in the Bakersfield region. Explore further: https://www.zacks.com/stock/news/2479438/california-water-to-buy-casa-loma-palm-mutual-water-utility-assets?cid=sm-stocktwits-2-2479438-teaser&ADID=SYND_STOCKTWITS_TWEET_2_2479438_TEASER
0 · Reply
DonCorleone77
DonCorleone77 May. 29 at 8:36 PM
$CWT California Water to buy Casa Loma Water, Palm Mutual Water water utility assets California Water Service has signed agreements with Casa Loma Water and Palm Mutual Water to acquire both systems' water utility assets. Casa Loma serves about 900 people through 237 residential and 11 commercial customer connections. The system is located three miles from Cal Water's Bakersfield Operations Center and is surrounded by Cal Water's existing service area. Because Cal Water has an existing intertie with Casa Loma, Cal Water will begin delivering water to these new customers after the acquisition is completed. Cal Water intends to install additional interconnections to help improve fire flow and system pressure, and plans to upgrade the infrastructure to Cal Water standards. Palm Mutual is located two miles from Cal Water's Northeast Bakersfield Treatment Plant and serves 63 residential customers. Cal Water currently serves Palm Mutual through a master meter interconnection, since Palm Mutual does not own nor operate its own sources of supply. Cal Water anticipates upgrading the system's infrastructure over time to facilitate consistent and high-quality operations. Both acquisitions are subject to satisfactory closing conditions and approval by the California Public Utilities Commission. Cal Water intends to file a Tier 2 Advice Letter requesting the adoption of existing Cal Water rates for the new customers.
0 · Reply