8-K filing — CALIFORNIA WATER SERVICE GROUP (CWT)
Filed: 2026-10-15 AccNo: 0001104659-26-116113 Size: 1 MB Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
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California Water Servs Gr (NYSE:CWT) reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.75 by 24 percent. This is a 30.99 percent increase over earnings of $0.71 per share
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Filed: 2026-10-15 AccNo: 0001104659-26-116113 Size: 1 MB Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
American Water Works (AWK) received approval for a $68 million annual revenue increase in New Jersey effective September 15, 2026, supporting its 7-9% long-term earnings growth target through 2030. The rate hike will fund $1.4 billion in infrastructure upgrades while increasing average residential bills by approximately $4 monthly. AWK plans $19-20 billion in capital investments through 2030 to support 8-9% rate-base growth. The stock trades at a premium valuation with a forward P/E of 21.77X versus the industry average of 17.57X and carries a Zacks Rank #3 (Hold).
California Water Service launched its 13th annual Tap Into Learning program for the 2026-27 school year, offering water conservation education to K-12 students across its service areas. The program includes field trips, art competitions, grants for classroom projects, and conservation pledges. In the previous year, the program received 138 entries and awarded 12 field trip experiences, 10 art prizes, and 10 grants.
American Water Works announced a $0.9 million infrastructure upgrade in West Virginia, replacing 2,000 feet of aging water main. The company plans to invest $129 million across West Virginia in 2026 and $3.6 billion company-wide in 2026, targeting $19-20 billion during 2026-2030. Other utilities like California Water Service Group and Essential Utilities are also ramping up infrastructure investments to address deteriorating U.S. water systems.