---
title: "CALIFORNIA WATER SERVICE GROUP 1Q 2026: Revenue $5.22M, EPS $0.07— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284813520.md"
description: "California Water Service Group reported Q1 2026 results with revenue of $5.22M, a 2.8% increase from $5.08M in the prior year. However, net income fell 69.7% to $4.04M, and diluted EPS dropped 68.2% to $0.07. Operating revenue rose 5.2% due to rate increases despite lower customer usage. Regulatory progress includes approved multi-year rate increases. Capital investment was high at $129.5M for Q1, with a full-year guidance of $580–$640M, including $79.2M for PFAS remediation. Major acquisitions are ongoing."
datetime: "2026-04-30T17:11:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284813520.md)
  - [en](https://longbridge.com/en/news/284813520.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284813520.md)
---

# CALIFORNIA WATER SERVICE GROUP 1Q 2026: Revenue $5.22M, EPS $0.07— 10-Q Summary

California Water Service Group reported first-quarter 2026 results with revenue slightly higher year over year while net income and diluted EPS declined materially versus the prior-year quarter.

**Financial Highlights**

Metric

Current quarter

Prior year quarter

YoY change

Revenue¹

$5.22M

$5.08M

2.8%

Net income²

$4.04M

$13.33M

(69.7%)

Diluted EPS³

$0.07

$0.22

(68.2%)

_¹ Reported as “Non-regulated revenue”. ² Reported as “Net income attributable to California Water Service Group”. ³ Reported as “Diluted earnings per share”._

**Business Highlights**

-   Operating revenue rose $10.6M (5.2%) year over year, driven by rate increases and higher accrued/unbilled revenue despite lower customer usage.
-   Shift in rate design toward more fixed charges and continuation of the MWRAM helped offset declines in usage.
-   Regulatory progress: CPUC revised proposed decision authorizes multi-year rate increases and a Sales Reconciliation Mechanism is pending final decision.
-   Capital investment remained high: utility capex of $129.5M in Q1 and 2026 capex guidance of $580–$640M, including $79.2M for PFAS remediation; major acquisitions (BVRT, Nexus) are progressing.

Original SEC Filing: CALIFORNIA WATER SERVICE GROUP \[ CWT \] - 10-Q - Apr. 30, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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