Overview

* California Water Q2 rev rises 8.5% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus, reflecting strong operational performance

* Co receives $10.6 mln from PFAS litigation settlement, net of fees

Outlook

* Cal Water proposes $1.6 bln investment in infrastructure from 2025-2027

* Company expects to receive further PFAS settlement proceeds in late 2025

* Cal Water proposes rate adjustments to increase revenue by 17.1% in 2026

Result Drivers

* RATE CHANGES - Rate changes added $23.9 mln to Q2 revenue

* INCREASED USAGE - Customer water usage rose 5%, contributing $7 mln to revenue

* PFAS SETTLEMENT - Co received $10.6 mln from PFAS litigation settlement, net of fees

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $265 mln $243.50

Operatin mln (3

g Analysts

Revenue )

Q2 Beat $0.71 $0.56 (5

Adjusted Analysts

EPS )

Q2 EPS $0.71

Q2 Net $42.20

Income mln

Q2 $0.3

Dividend

Q2 $213.10

Operatin mln

g

Expenses

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)