CWT at a glance
CALIFORNIA WATER SERVICE GROUP (CWT, SEC CIK 1035201) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 30, 2026 and Form 4 insider filings as recently as September 8, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), CALIFORNIA WATER SERVICE GROUP (CWT) reported revenue of $963.7 million (up 6.4% from FY2024) and net income of $128.2 million. Diluted EPS was $2.15.
- As of June 30, 2026, 30 institutional investment managers tracked by SignalX reported holding CALIFORNIA WATER SERVICE GROUP (CWT) shares worth $1.4 billion in 13F-HR filings.
- In the last 90 days, CWT insiders reported 0 open-market purchases ($0) and 2 open-market sales ($211K) on Form 4, a net sale of $211K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $963.7M
- +6.4% vs prior year
- Insiders · 90 days
- 0 buys · 2 sells
- Net −$211K
- 13F holders
- 30 funds
- $1.4B · −1 vs prior quarter
- Latest 8-K
- Jul 30, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Regulated water utility services funded partly by developer-funded construction projects
- New emphasis: Developer-funded construction expenditures with refundable advances over 40 years
- Strategic shift: Increase in long-term debt ratio to 46.5% from 40.3%, equity ratio down to 53.5% from 59.7%
- Quantitative metric: Construction work in progress stable around $260 million, return on average equity declined to 7.7% from 12.5%
- Noteworthy: Acquisition agreement in November 2025 for remaining BVRT membership interests at $45 million, pending approvals
Risk Factors
- Regulatory risk: CPUC delay on 2024 California General Rate Case (GRC) decision causing financial and operational uncertainty
- Geopolitical/macroeconomic risk: Assembly Bill 367 in California requires backup energy and emergency plans for fire suppression starting 7/1/2030 in Ventura County
- Operational risk: Accelerated land movement in Rancho Dominguez District causing infrastructure damage and inverse condemnation lawsuits
- Competitive risk: EPA’s finalized PFAS maximum contaminant levels (MCLs) require $269.1 million capital investment for treatment by 2029 compliance deadline
- Financial risk: CPUC may deny recovery of inverse condemnation damage awards, exposing Cal Water to unrecoverable liabilities
Management Discussion & Analysis
- Revenue $1,000.1M in 2025, down $36.7M (-3.5%) YoY from $1,036.8M in 2024 due to lower customer usage and absence of 2024 IRMA revenue
- Operating expenses increased $18.0M driven by water production costs +$11.5M (38.8% of total costs), administrative expenses +$2.1M, other ops +$11.6M, depreciation +$12.5M, offset by income tax expense down $24.7M
- Net income $128.2M in 2025, down $62.6M (33%) from $190.8M in 2024; EPS $2.15 vs $3.25 prior year
- Best segment: Water production costs $322.2M, up 3.7%, with purchased water expenses +$11.7M driven by 6.9% rate increase; worst segment: absence of $88.6M IRMA revenue impact in 2025
- Net interest expense $66.5M up $9.1M (15.9%), driven by higher borrowings; no direct cash flow or capital allocation figures disclosed in text
- Management highlights regulatory risks with 2021 CA GRC impacts; no direct forward guidance provided but notes potential cost pressure from climate change regulations on power costs and ongoing regulatory rate recovery mechanisms
AI summary of the CWT 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 operating revenue $308.6M, up 16.5% YoY from $265.0M
- Net income $56.5M, up from $42.2M; EPS $0.93 vs $0.71
- Revenue growth led by $15.3M IRMA revenue and $14.97M rate-related increases
- Water production costs rose 7.4% to $91.8M, driven by higher wholesale rates
- CPUC authorized approximately $90.5M 2026 revenue increase and $1.45B infrastructure investment through 2027
Risk Factors
- No risk-factors section provided in submitted filing text
- No disclosed new or changed risks relative to the most recent 10-K
- No regulatory, legal, operational, competitive, market, liquidity, debt, currency, or concentration risks described
AI summary of the CWT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Item 2.02 contains only an exhibit incorporation disclaimer
- No fiscal-year 2026 financial results or operating metrics provided in the excerpt
Item EX-99.1: Item EX-99.1
- Q2 revenue rose to $308.6M from $265.0M; net income reached $56.5M, or $0.93 diluted EPS, versus $0.71
- California rate decision adds authorized revenue of $90.5M in 2026, $43.2M in 2027, and $48.9M in 2028
Item 8.01: Other Events
- Quarterly dividend declared at $0.3350 per common share
- Payment scheduled for August 21, 2026, to shareholders of record August 10, 2026
Item EX-99.1: Item EX-99.1
- Quarterly dividend $0.3350 per share payable August 21, 2026
- August 10, 2026 record date determines eligible shareholders
Item 5.07: Submission of Matters to a Vote of Security Holders
- All 11 director nominees elected through the 2027 annual meeting
- Board support strongest for Patricia K. Wagner, with 49,524,465 votes for
AI summaries of CWT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CWT
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Mares Michael S JR | F | Sep 5, 2026 | 67 | $50.03 |
| Ouyang Elissa Y | F | Sep 5, 2026 | 66 | $50.03 |
| Lynch James Patrick | F | Sep 5, 2026 | 48 | $50.03 |
| KROPELNICKI MARTIN A | F | Sep 5, 2026 | 493 | $50.03 |
| Jenkins Kenneth G | F | Sep 5, 2026 | 38 | $50.03 |
| Bunting Shawn C | F | Sep 5, 2026 | 69 | $50.03 |
| Peters Todd Kenneth | F | Sep 5, 2026 | 40 | $50.03 |
| Scanlon Thomas A | F | Sep 5, 2026 | 30 | $50.03 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $790.3M | $905.6M | $963.7M |
| Operating Income | $77.1M | $225.1M | $170.4M |
| Net Income | - | $190.8M | $128.2M |
| Op. Margin | 9.8% | 24.9% | 17.7% |
| Net Margin | - | 21.1% | 13.3% |
| Balance Sheet | |||
| Total Assets | $4.6B | $5.2B | $5.7B |
| Equity | $1.4B | $1.6B | $1.7B |
| ROE | - | 11.6% | 7.6% |
| Per Share | |||
| EPS | $0.91 | $3.25 | $2.15 |
| Cash Flow | |||
| Operating CF | $217.8M | $290.9M | $302.6M |
Source: XBRL data in CALIFORNIA WATER SERVICE GROUP (CWT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CWT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 30 | $1.44B |
| Q1 2026 | 31 | $1.28B |
| Q4 2025 | 28 | $1.25B |
| Q3 2025 | 29 | $1.35B |
| Q2 2025 | 29 | $1.30B |
| Q1 2025 | 24 | $853.0M |
| Q4 2024 | 21 | $720.8M |
| Q3 2024 | 17 | $432.9M |
- AQR Capital Management+512.1K (+302%)
- BlackRock+446.9K (+4%)
- State Street Corp+164.2K (+5%)
- Citadel Advisors LLC+161.7K (+466%)
- D.E. Shaw & Co+109.7K (+133%)
- Morgan Stanley−170.6K (-15%)
- FMR LLC (Fidelity)−108.6K (-8%)
- Goldman Sachs Group−86.9K (-31%)
- Two Sigma Investments−68.4K (-89%)
- Invesco Ltd−27.5K (-3%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 209 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CWT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 1, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - |
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CWT SEC filings: frequently asked questions
Are CWT insiders buying or selling?
In the last 90 days, CALIFORNIA WATER SERVICE GROUP (CWT) officers, directors and 10% owners reported no open-market purchases and 2 open-market sales worth $211,456 by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CWT stock?
As of June 30, 2026, the largest CALIFORNIA WATER SERVICE GROUP (CWT) holders among the 13F filers tracked by SignalX were BlackRock ($523.3 million), Vanguard Portfolio Management LLC ($213.1 million), State Street Corp ($158.9 million), Vanguard Capital Management LLC ($130.9 million), FMR LLC (Fidelity) ($62.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CWT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), CALIFORNIA WATER SERVICE GROUP (CWT) reported revenue of $963.7 million (up 6.4% from FY2024) and net income of $128.2 million. Diluted EPS was $2.15. The figures come from the XBRL data in the 10-K.
What are the main risks in CWT's latest 10-K?
In the 10-K filed February 27, 2026, CALIFORNIA WATER SERVICE GROUP (CWT) flagged: Regulatory risk: CPUC delay on 2024 California General Rate Case (GRC) decision causing financial and operational uncertainty. Geopolitical/macroeconomic risk: Assembly Bill 367 in California requires backup energy and emergency plans for fire suppression starting 7/1/2030 in Ventura County. (AI summary of the Risk Factors section.)
What did CWT report in its latest 8-K?
CALIFORNIA WATER SERVICE GROUP (CWT) filed an 8-K on July 30, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Item 2.02 contains only an exhibit incorporation disclaimer.
What are the latest CWT SEC filings?
CALIFORNIA WATER SERVICE GROUP (CWT) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 30, 2026 and a Form 4 insider filing on September 8, 2026.
What is CWT's SEC CIK number?
CALIFORNIA WATER SERVICE GROUP (CWT)'s SEC Central Index Key (CIK) is 1035201. EDGAR lists every CWT filing under that number.
Ask anything about CWT
The research agent reads CWT's filings, financials, insider trades and 13F holders, then answers with sources.