California Water Service (CWT) Operating Expenses (2009 - 2026)
California Water Service (CWT) posted quarterly Operating Expenses of $237.7 million for Q2 2026, up 11.52% year-over-year from $213.1 million in Q2 2025, and up 21.02% quarter-over-quarter from $196.4 million in Q1 2026.
California Water Service (CWT) Operating Expenses (2009 - 2026) Analysis & Trends
California Water Service's Operating Expenses history runs 18 years deep, the most recent figure standing at $237.7 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 11.52% year-over-year to $237.7 million; the TTM figure through Jun 2026 stood at $869.1 million (up 6.31% YoY), while the FY2025 annual figure was $829.8 million, up 2.22% from the prior year.
- Operating Expenses for Q2 2026 stood at $237.7 million, up from $196.4 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.
- The 5-year median for Operating Expenses is $193.6 million (2024), against an average of $195.1 million.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses dropped 9.3% in 2023, then gained 29.76% in 2024.
- California Water Service's Operating Expenses stood at $174.6 million in 2022, then rose by 2.65% to $179.3 million in 2023, then climbed by 5.95% to $189.9 million in 2024, then rose by 2.33% to $194.4 million in 2025, then rose by 22.29% to $237.7 million in 2026.
- Business Quant data shows CWT's Operating Expenses at $237.7 million in Q2 2026, $196.4 million in Q1 2026, and $194.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.12 Bn | 25.93 Bn | - | 813.00 Mn |
| 2 | Essential Utilities | 11.13 Bn | 11.12 Bn | - | 337.58 Mn |
| 3 | American States Water | 3.33 Bn | 3.32 Bn | 278.03 Mn | 119.24 Mn |
| 4 | California Water Service | 2.98 Bn | 2.89 Bn | 263.45 Mn | 237.70 Mn |
| 5 | H2O America | 2.57 Bn | 2.46 Bn | 197.11 Mn | 167.72 Mn |
| 6 | Middlesex Water | 1.08 Bn | 1.08 Bn | - | 38.13 Mn |
| 7 | Consolidated Water | 516.40 Mn | 390.07 Mn | 10.92 Mn | 9.10 Mn |
| 8 | York Water | 512.13 Mn | 511.57 Mn | - | 13.71 Mn |
| 9 | Artesian Resources | 358.76 Mn | 354.50 Mn | 26.56 Mn | 21.50 Mn |
| 10 | Pure Cycle | 272.86 Mn | 264.42 Mn | 4.29 Mn | 2.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 237.70 Mn |
| 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 |