California Water Service GroupCPUC approval enables $1.45B infrastructure investment and revenue increases, driving rate base and EPS growth.

California Water Service Group plans to invest $1.45 billion through 2027 in water quality, system reliability, power-outage resilience, cybersecurity and long-term water supply projects, following approval from the California Public Utilities Commission for its subsidiary Cal Water. The decision allows the company to increase annual revenues by $90.5 million in 2026, $43.2 million in 2027 and $48.9 million in 2028. CWT expects infrastructure and other capital investments to support a more than 11.1% compound annual rate base growth, with the rate base projected to exceed $3.2 billion by 2027. The company plans to invest $627 million in 2026 and $667 million in 2027 to support rate base expansion and sustainable long-term earnings growth. The Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 19.07% and 7.03%, respectively.
California Water Service GroupCPUC approval enables $1.45B infrastructure investment and revenue increases, driving rate base and EPS growth.
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