Filing Flows › California Water Service (CWT) › Q2 2026
California Water Service (CWT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
California Water Service (CWT) reported revenue of $278M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +41% from the quarter before. Operating margin was 25.5%, net earnings $56.5M (20.3% of revenue).
California Water Service, Q2 2026: revenue $278M (+8% year over year), operating margin 25.5%, net earnings $56.5M, operating cash flow $63.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $278M | +41% | +9% |
| Operating profit | $70.9M | +290% | +37% |
| Net earnings | $56.5M | 14× | +34% |
| Operating cash flow | $63.6M | +29% | +30% |
What changed
Revenue was $278.0M in Q2 2026, up 9% year over year and up 41% from the previous quarter. Residential was the largest line at 55% of revenue. Residential added $11.4M year over year (up 8%), 52% of the total change.
Operating profit was $70.9M, a 25.5% margin (up 5.3 points year over year). Of the extra revenue versus Q2 2025, 87% reached operating profit, above the 20% margin then. Total costs grew 1% against revenue growth of 9%. Net earnings were $56.5M, up 34% year over year. The effective tax rate was 21.6%.
Operating cash flow was $63.6M (up 30% year over year), 113% of net earnings. Non-cash charges added back $30.0M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $24.6M.
Questions
What was California Water Service's revenue in the second quarter 2026?
California Water Service (CWT) reported revenue of $278M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +41% from the quarter before.
Was California Water Service profitable in the second quarter 2026?
Operating profit was $70.9M (25.5% of revenue) and net earnings $56.5M.