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California Water Service (CWT)
NYSE:CWT
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.16Last Year’s EPS
1.21Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 1.33%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted substantial revenue, net income, and capital investment growth for 2024. However, challenges included decreased Q4 net income, increased operating expenses, and impacts from the delayed rate case. Despite these challenges, the company is well-positioned for future growth, particularly in the Texas market.Company Guidance
During the California Water Service Group's Q4 2024 and Full Year Earnings Conference Call, several financial metrics highlighted the company's growth and performance. The operating revenue for Q4 2024 increased by 3.6% to $222.2 million compared to $214.5 million in Q4 2023. However, net income for the quarter was $19.7 million, or $0.33 per diluted share, down from $30.1 million or $0.52 per diluted share in the previous year. For the full year 2024, operating revenue surpassed $1 billion, a significant rise from $794.6 million in 2023. Annual net income saw a substantial increase of 267.6%, reaching $190.8 million or $3.25 per diluted share, compared to $51.9 million or $0.91 per diluted share in 2023. The company's capital investments hit a record $471 million in 2024, marking a 23% increase over 2023, while the overall rate base grew by 9.1% to nearly $2.4 billion. The company also announced a 10.71% dividend increase for 2025, bringing the annual dividend to $1.24 per share.Revenue and Net Income Growth
Annual 2024 operating revenue increased to slightly more than $1 billion, up from $794.6 million in 2023. Net income for 2024 was $190.8 million, a 267.6% increase from 2023.
Record Capital Investments
2024 saw a record $471 million in capital investments, representing a 23% increase over 2023.
Regulated Rate Base Growth
The regulated rate base grew to almost $2.4 billion, an increase of 9.1% over 2023.
Dividend Growth
Announced a 10.71% increase in the annual dividend, bringing it to $1.24 per share, with a 7.7% 5-year compound annual growth rate.
Texas Market Growth
The Texas market saw a 39% increase in customer base, with over 4,200 total customers and 16,000 additional connections committed.
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CWT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CWT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $45.96 | $44.96 | -2.18% |
| Oct 31, 2024 | $50.62 | $51.28 | +1.30% |
| Aug 01, 2024 | $52.48 | $52.89 | +0.78% |
| Apr 25, 2024 | $45.46 | $46.91 | +3.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does California Water Service (CWT) report earnings?
California Water Service (CWT) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is California Water Service (CWT) earnings time?
California Water Service (CWT) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWT EPS forecast?
CWT EPS forecast for the fiscal quarter 2025 (Q1) is 0.16.
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