Cal Water (CWT) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 11:10 AM CDT 21 min read

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DATE

Thursday, April 30, 2026 astatine 11 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — Martin A. Kropelnicki

• Chief Financial Officer — James Lynch

• Vice President, Rates and Regulatory Affairs — Greg Milleman

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Full Conference Call Transcript

James Lynch: Welcome everyone to our archetypal 4th 2026 results telephone for California Water Service Group. With maine contiguous is Martin A. Kropelnicki, our president and CEO, and Greg Milleman, our vice president of rates and regulatory affairs. Replay dial-in accusation for the telephone tin beryllium recovered successful our quarterly results net release, which was issued earlier today. The telephone replay volition beryllium disposable until 06/29/2026. As a reminder, earlier we begin, the institution has a descent platform to travel today’s net call. The descent platform was furnished with an 8-K and is besides disposable connected the company’s website astatine calwatergroup.com. Before looking astatine our archetypal 4th 2026 results, I would similar to screen forward-looking statements.

During our call, we whitethorn marque definite forward-looking statements. Because these statements woody with aboriginal events, they are taxable to assorted risks and uncertainties, and existent results could disagree materially from the company’s existent expectations. As a result, we powerfully counsel each existent shareholders and funny parties to cautiously work the company’s disclosures connected risks and uncertainties recovered successful our Form 10, Forms 10-Q, property releases, and different reports filed with the Securities and Exchange Commission. And now, I volition crook the telephone implicit to Martin A. Kropelnicki.

Martin A. Kropelnicki: Thanks, Jim. Good morning, everyone, and convey you for joining america this greeting to reappraisal our archetypal 4th 2026. There are six superior areas that we privation to speech astir today. The archetypal 1 being, obviously, the quarter, and I would accidental Q1 results were successful enactment with our expectations fixed the information we had a delayed 2024 wide complaint case. To punctual everyone, successful March we did get a projected determination and determination is simply a remark play that follows that projected decision, which is 30 days.

Our comments were filed, and past yesterday we received what is called a revised projected determination that I person asked Greg to speech astir a small spot much successful item aboriginal successful our treatment today. I volition mostly accidental that the revised projected determination we are precise blessed with, and we are connected the docket time for support astatine the California Public Utilities Commission. In presumption of the quarter, again, the hold of the complaint lawsuit meant determination were items we could not publication due to the fact that of the delay. But fixed wherever we are, results were successful enactment with expectations.