Q2 FY2026 EarningsQ2 FY2026 results significantly beat consensus across all key financial metrics, primarily driven by the resolution of the 2024 California General Rate Case (GRC). Revenue of $308.6M exceeded the $278.2M consensus (+10.9%), while Diluted EPS of $0.93 substantially outperformed the $0.63 estimate (+47.6%). The quarter benefited from $15.3M in retroactive IRMA revenue and $15.0M from new rate implementations. Management confirmed a record $147M infrastructure investment for the quarter and remains on track for the $218M Nexus Water Group acquisition.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: California Water Services(CWT) the Revenue is 308.6 M (+16.47%), Beat estimate;the EBIT is 70.9 M (+36.85%), Beat estimate;the EPS is 0.93 (+30.99%), Beat estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
0.31B16.47%
0.28B5.00%
+0.03B11.47%
EBITExceed expectations
0.07B36.85%
0.05B1.53%
+0.02B35.32%
EPSExceed expectations
0.9330.99%
0.6311.27%
+0.300042.26%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf