California Water Service Group (CWT) Q2 FY2026 earnings: revenue $278 million, up 8.5% on the year

California Water Service Group (CWT) reported revenue of $278 million for Q2 FY2026, the quarter ended 30 June 2026, up 8.5% on the same quarter a year earlier. Net income was $56 million, up 33.9% on the year, and diluted earnings per share $0.93. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$278 millionup 8.5%

Net income$56 millionup 33.9%

Diluted EPS$0.93

QuarterQ2 FY2026ended 30 June 2026

The quarter, against the one before and a year earlier

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Revenue	278	197	256	+8.5%
Operating income	70.9	18.2	51.8	+36.8%
Operating margin	25.5%	9.2%	20.2%
Interest expense	20.8	19.6	17.5	+19.2%
Income tax	15.6	1.5	8.7	+79.9%
Net income	56.5	4.0	42.2	+33.9%
Net margin	20.3%	2.0%	16.5%
Diluted EPS	$0.93	$0.07	$0.71	+31.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Operating cash flow	63.6	49.4	48.9	+29.9%
Cash from investing	-147	-129	-119	n/a
Cash from financing	68.8	86.4	76.5	-10.1%
Depreciation and amortisation	30.0	40.3	36.6	-17.9%
Share-based compensation	1.7	0.6	1.3	+30.8%
Buybacks	0.1	0.8	0.1	+21.9%
Dividends paid	20.1	20.0	17.9	+12.2%
Dividend per share	$0.34	$0.34	$0.30	+11.7%
Diluted shares, weighted	60m	60m	60m	+1.4%
Shares outstanding at period end	62m	60m	60m	+3.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Shareholders' equity	1,810	1,683	1,657	+9.2%
Short-term borrowings	205	230	360	-43.1%
Debt	1,472	1,472	1,104	+33.3%
Other liabilities	2,468	2,395	2,279	+8.3%
Total liabilities and equity	5,955	5,780	5,400	+10.3%
Goodwill	37.1	37.1	37.1	+0.0%
Cash and equivalents	43.4	58.1	50.5	-14.0%
Receivables	72.3	52.6	75.4	-4.1%
Other assets	5,802	5,632	5,237	+10.8%
Total assets	5,955	5,780	5,400	+10.3%

Questions

What was California Water Service Group's revenue in Q2 FY2026?

California Water Service Group (CWT) reported revenue of $278 million for Q2 FY2026, the quarter ended 30 June 2026, up 8.5% on the same quarter a year earlier.

How much did California Water Service Group earn in Q2 FY2026?

Net income for Q2 FY2026 was $56 million, up 33.9% on the year, and diluted earnings per share $0.93.

When did California Water Service Group report Q2 FY2026 results?

California Water Service Group filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 30 July 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	253	198	155	227	306	218	183	256	314	211	197	278
Operating income	43.5	35.2	77.9	48.2	66.7	32.2	22.3	51.8	70.6	25.6	18.2	70.9
Operating margin	17%	18%	50%	21%	22%	15%	12%	20%	22%	12%	9%	26%
Interest expense	13.5	13.0	15.8	14.8	14.4	15.7	16.5	17.5	18.1	18.3	19.6	20.8
Net income	34.4	30.1	69.9	40.6	60.7	19.7	13.3	42.2	61.2	11.5	4.0	56.5
Net margin	14%	15%	45%	18%	20%	9%	7%	16%	19%	5%	2%	20%
Diluted EPS	$0.60	$0.54	$1.21	$0.70	$1.03	$0.33	$0.22	$0.71	$1.03	$0.19	$0.07	$0.93
Operating cash flow	106	74.3	26.5	94.4	102	68.1	38.4	48.9	167	47.9	49.4	63.6
Buybacks	0.1	0.1	1.1	0.1	0.1	0.1	1.1	0.1	0.1	0.1	0.8	0.1
Dividends paid	15.0	15.0	16.2	16.2	16.5	16.7	20.2	17.9	17.9	17.9	20.0	20.1
Shares outstanding	58m	58m	58m	59m	59m	59m	60m	60m	60m	60m	60m	62m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2026, filed 30 July 2026, accession 0001628280-26-050990: the filing on EDGAR. All of California Water Service Group's filings: EDGAR company page.

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