Filing Flows › California Water Service (CWT) › Q3 2026
California Water Service (CWT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
California Water Service (CWT) reported revenue of $331M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +19% from the quarter before. Operating margin was 25.0%, net earnings $65.4M (19.7% of revenue).
California Water Service, Q3 2026: revenue $331M (+5% year over year), operating margin 25.0%, net earnings $65.4M, operating cash flow $149M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $331M | +19% | +5% |
| Operating profit | $82.7M | +17% | +17% |
| Net earnings | $65.4M | +16% | +7% |
| Operating cash flow | $149M | +135% | -11% |
What changed
Revenue was $331.2M in Q3 2026, up 5% year over year and up 19% from the previous quarter. Residential was the largest line at 59% of revenue. Residential added $9.8M year over year (up 5%), 57% of the total change. Industrial declined 30%.
Operating profit was $82.7M, a 25.0% margin (up 2.5 points year over year). Of the extra revenue versus Q3 2025, 71% reached operating profit, above the 22% margin then. Total costs grew 2% against revenue growth of 5%. Net earnings were $65.4M, up 7% year over year. The effective tax rate was 21.9%.
Operating cash flow was $149.3M (down 11% year over year), 228% of net earnings. Non-cash charges added back $35.4M of depreciation and amortization and $700K of share-based compensation. Working capital and other items added $47.7M.
Questions
What was California Water Service's revenue in the third quarter 2026?
California Water Service (CWT) reported revenue of $331M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +19% from the quarter before.
Was California Water Service profitable in the third quarter 2026?
Operating profit was $82.7M (25.0% of revenue) and net earnings $65.4M.