California Water Service Group Q1 2026 Financial Results and Operations Update

California Water Service Group reported its first quarter 2026 financial results, with net income at $4.0 million, or $0.07 per diluted share, compared to $13.3 million, or $0.22 per diluted share in Q1 2025. Revenue for Q1 2026 was $214.6 million, an increase from $204.0 million in Q1 2025. This performance was in line with expectations, pending the final decision on the 2024 California General Rate Case (GRC), expected on or shortly after April 30, 2026. The company announced an agreement to acquire Nexus Water Group's systems in Nevada and Oregon for approximately $218 million, a move expected to expand its geographic footprint. Significant infrastructure investments were made in Q1 2026, totaling $129.4 million. The company also announced an 8% increase in its annual dividend and declared a quarterly dividend of $0.3350 per common share.