California Water Service Group Add-On Deal Update

California Water Service Group (NYSE: CWT) filed an SEC 8-K exhibit reporting Q4 and year-end 2025 results and providing an update on its 2024 California General Rate Case Proposed Decision. In Q4 2025, net income fell $8.2 million, or 42%, to $11.5 million, while Q4 2025 revenue declined less than 1% to $220.0 million.

For full-year 2025, net income decreased $62.6 million, or 32.8%, to $128.2 million, and operating revenue fell 3.5% to $1.0 billion. The company attributed results to weather-driven customer consumption changes and the timing of rate mechanisms including M-WRAM and interim rate relief accounts.