California Water Service (CWT) Operating Expenses (2009 - 2026)
California Water Service's quarterly Operating Expenses came in at $196.4 million in Q1 2026, up 8.14% year-on-year from $181.6 million in Q1 2025, and up 1.04% quarter-over-quarter from $194.4 million in Q4 2025.
California Water Service has reported Operating Expenses for 18 years, with the latest figure at $196.4 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 8.14% year-over-year to $196.4 million; the trailing twelve-month figure through Mar 2026 stood at $844.6 million (up 5.5% YoY), and the FY2025 full-year result was $829.8 million, up 2.22% from the prior year.
- Operating Expenses for Q1 2026 stood at $196.4 million, up from $194.4 million in the prior quarter.
- The five-year high for Operating Expenses was $240.6 million in Q3 2025, with the low at $148.6 million in Q1 2023.
- Average Operating Expenses over 5 years is $192.6 million, with a median of $192.9 million recorded in 2024.
- Year-over-year, Operating Expenses retreated 9.3% in 2023 and grew 29.76% in 2024.
- Tracing CWT's Operating Expenses over 5 years: stood at $174.6 million in 2022, then advanced by 2.65% to $179.3 million in 2023, then increased by 5.95% to $189.9 million in 2024, then advanced by 2.33% to $194.4 million in 2025, then advanced by 1.04% to $196.4 million in 2026.
- The last three Operating Expenses figures came in at $196.4 million (Q1 2026), $194.4 million (Q4 2025), and $240.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 24.16 Bn | 24.02 Bn | 714.00 Mn | 816.00 Mn |
| 2 | Aris Mining | 20.33 Bn | 19.86 Bn | 233.28 Mn | -7.90 Mn |
| 3 | Essential Utilities | 10.48 Bn | 10.40 Bn | 685.96 Mn | 551.12 Mn |
| 4 | American States Water | 2.94 Bn | 2.93 Bn | 104.19 Mn | 119.24 Mn |
| 5 | California Water Service | 2.58 Bn | 2.48 Bn | 183.34 Mn | 196.41 Mn |
| 6 | H2O America | 2.18 Bn | 2.03 Bn | 171.30 Mn | 145.87 Mn |
| 7 | Middlesex Water | 959.61 Mn | 957.57 Mn | 25.70 Mn | 35.61 Mn |
| 8 | Consolidated Water | 465.28 Mn | 344.14 Mn | 10.92 Mn | 10.68 Mn |
| 9 | York Water | 430.12 Mn | 430.12 Mn | 13.98 Mn | 13.72 Mn |
| 10 | Artesian Resources | 332.86 Mn | 328.60 Mn | 26.56 Mn | 21.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 196.41 Mn |
| Dec 31, 2025 | 194.38 Mn |
| Sep 30, 2025 | 240.62 Mn |
| Jun 30, 2025 | 213.15 Mn |
| Mar 31, 2025 | 181.63 Mn |
| Dec 31, 2024 | 189.95 Mn |
| Sep 30, 2024 | 232.82 Mn |
| Jun 30, 2024 | 196.13 Mn |
| Mar 31, 2024 | 192.86 Mn |
| Dec 31, 2023 | 179.28 Mn |
| Sep 30, 2023 | 211.50 Mn |
| Jun 30, 2023 | 178.10 Mn |
| Mar 31, 2023 | 148.62 Mn |
| Dec 31, 2022 | 174.65 Mn |
| Sep 30, 2022 | 201.36 Mn |
| Jun 30, 2022 | 178.91 Mn |
| Mar 31, 2022 | 163.86 Mn |
| Dec 31, 2021 | 162.87 Mn |
| Sep 30, 2021 | 185.57 Mn |
| Jun 30, 2021 | 170.88 Mn |
| Mar 31, 2021 | 144.82 Mn |
| Dec 31, 2020 | 164.12 Mn |
| Sep 30, 2020 | 198.05 Mn |
| Jun 30, 2020 | 162.99 Mn |
| Mar 31, 2020 | 132.49 Mn |
| Dec 31, 2019 | 156.52 Mn |
| Sep 30, 2019 | 180.97 Mn |
| Jun 30, 2019 | 152.02 Mn |
| Mar 31, 2019 | 125.64 Mn |
| Dec 31, 2018 | 140.88 Mn |
| Sep 30, 2018 | 173.96 Mn |
| Jun 30, 2018 | 148.10 Mn |
| Mar 31, 2018 | 124.72 Mn |
| Dec 31, 2017 | 143.82 Mn |
| Sep 30, 2017 | 169.27 Mn |
| Jun 30, 2017 | 144.46 Mn |
| Mar 31, 2017 | 111.48 Mn |
| Dec 31, 2016 | 123.15 Mn |
| Sep 30, 2016 | 154.21 Mn |
| Jun 30, 2016 | 133.91 Mn |
| Mar 31, 2016 | 115.46 Mn |
| Dec 31, 2015 | 123.46 Mn |
| Sep 30, 2015 | 151.34 Mn |
| Jun 30, 2015 | 127.92 Mn |
| Mar 31, 2015 | 114.49 Mn |
| Dec 31, 2014 | 120.82 Mn |
| Sep 30, 2014 | 150.35 Mn |
| Jun 30, 2014 | 135.12 Mn |
| Mar 31, 2014 | 109.36 Mn |
| Dec 31, 2013 | 122.05 Mn |
| Sep 30, 2013 | 148.60 Mn |
| Jun 30, 2013 | 133.77 Mn |
| Mar 31, 2013 | 105.67 Mn |
| Dec 31, 2012 | 110.28 Mn |
| Sep 30, 2012 | 141.77 Mn |
| Jun 30, 2012 | 123.93 Mn |
| Mar 31, 2012 | 110.14 Mn |
| Dec 31, 2011 | 95.43 Mn |
| Sep 30, 2011 | 139.18 Mn |
| Jun 30, 2011 | 111.84 Mn |
| Mar 31, 2011 | 88.20 Mn |
| Dec 31, 2010 | 93.55 Mn |
| Sep 30, 2010 | 120.48 Mn |
| Jun 30, 2010 | 102.04 Mn |
| Mar 31, 2010 | 82.51 Mn |
| Dec 31, 2009 | 95.13 Mn |
| Sep 30, 2009 | 115.07 Mn |
| Jun 30, 2009 | 100.71 Mn |