California Water Service Group (N:CWT)
Business Focus: Water Utilities
| Sector: Utilities | Industry: Water Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | C/O CALIFORNIA WATER SERVICE CO 1720 N FIRST ST SAN JOSE CA 95112 |
| Tel: | N/A |
| Website: | https://www.calwatergroup.com |
| IR: | See website |
| Key People | ||
| Martin A. Kropelnicki Chairman of the Board, President, Chief Executive Officer | Robert J. Kuta Vice President - Engineering and Chief Water Quality and Environmental Compliance Officer | James P. Lynch Chief Financial Officer, Senior Vice President, Treasurer |
| Ronald D. Webb Chief Human Resource Officer, Vice President | Michael B. Luu Senior Vice President - Corporate Services, Chief Risk Officer | Thomas A. Scanlon Corporate Controller, Principal Accounting Officer |
| Michael S. Mares Vice President - Operations | Shawn C. Bunting Vice President, General Counsel, Corporate Secretary | Michelle R. Mortensen Vice President, Corporate Secretary, Chief of Staff | Shannon C. Dean Vice President - Customer Service and Chief Citizenship Officer |
| Business Overview |
| California Water Service Group is a holding company that provides water utility and other related services in California, Washington, New Mexico, Hawaii and Texas through its subsidiaries. Its business is conducted through its operating subsidiaries and provides utility services. Its business consists of the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, and the provision of domestic and municipal fire protection services. It provides wastewater collection and treatment services, including treatment which allows water recycling. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The non-regulated services include full water system operation, meter reading, and billing services. Non-regulated operations also include the lease of communication antenna sites, lab services and promotion of other non-regulated services. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, California Water Service Group revenues decreased 6% to $794.6M. Net loss before extraordinary items increased from $12.4M to $40.6M. Revenues reflect Regulatory balancing account revenue segment decrease of 94% to $4.3M. Higher net loss reflects Administrative and general - Balancing increase of 9% to $139.5M (expense), Depreciation and amortization increase of 6% to $121.2M (expense). |
| Employees: | 1,266 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,864M as of Dec 31, 2023 |
| Annual revenue (TTM): | $794.63M as of Dec 31, 2023 |
| EBITDA (TTM): | $185.07M as of Dec 31, 2023 |
| Net annual income (TTM): | $51.91M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$224.97M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,194M as of Dec 31, 2023 |
| Shares outstanding: | 57,754,106 as of Apr 2, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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