California Water Services

Q2 FY2026 EarningsQ2 2026 revenue reached $308.6M, up 16.5% YoY, primarily driven by the resolution of the 2024 California General Rate Case (GRC) and $15.3M in retroactive IRMA revenue. Net income rose 33.9% YoY to $56.5M, with diluted EPS increasing to $0.93 from $0.71. Operating expenses increased 11.5% to $237.7M due to higher wholesale water costs and conservation activities, partially offset by a 18.0% decrease in depreciation. Infrastructure investment reached a record $147M in the quarter.