Cal Water (CWT) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 26, 2026 astatine 11:36 AM CST 29 min read

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Thursday, Feb. 26, 2026 astatine 11 a.m. ET

• Chairman and Chief Executive Officer — Martin Kropelnicki

• Chief Financial Officer — James Lynch

• Chief Business Development Officer — Shilen Patel

• Vice President, Rates and Regulatory Affairs — Greg Milleman

James Lynch: Welcome everyone to the 4th fourth and full-year 2025 results telephone for California Water Service Group. With maine contiguous is Martin Kropelnicki, our Chairman and CEO; Shilen Patel, our Chief Business Development Officer; and Greg Milleman, our Vice President of Rates and Regulatory Affairs. Replay dial-in accusation for this telephone tin beryllium recovered successful our quarterly results net release, which was issued yesterday. The telephone replay volition beryllium disposable until April 27, 2026. The Company has a descent platform to travel today's net telephone connected the Company's website astatine www.calwatergroup.com. The descent platform was furnished with an 8-K and is besides available.

As a reminder, earlier we begin, earlier looking astatine our 4th fourth 2025 results, I would similar to screen forward-looking statements. During our call, we whitethorn marque definite forward-looking statements, and due to the fact that 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, Form 10-Q, property releases, and different reports filed with the Securities and Exchange Commission. I volition present crook the telephone implicit to Martin.

Martin Kropelnicki: Thanks, Jim. Good morning, everyone. I cannot deliberation of a much due mode to footwear disconnected our 100th twelvemonth of operations arsenic an indispensable inferior than by rapidly talking astir 2 deals we announced. First and foremost, yesterday, we executed an statement to acquisition the Nevada and Oregon operations from Nexus Water. We person been engaged moving with them implicit the past fewer months to enactment that woody together, and we volition beryllium talking astir the woody aboriginal connected today. Secondly, successful December, we announced we person reached an statement to acquisition the outstanding number involvement successful the Texas associated task that we assistance start, BVRT Holdings, and go the sole proprietor of 7 Texas h2o and wastewater utilities.

In addition, portion we bash not person a wide complaint lawsuit determination for the 2024 complaint lawsuit for California yet, we cognize it is actively being worked on, and we expect to get a complaint determination soon. Based connected what we are seeing and wherever the commissioner is successful the process, questions they are asking, etc., we cognize it is actively being worked connected and we cognize it is simply a precedence wrong the committee to get that done soon. In addition, during the quarter, we filed and we are expecting a determination for our consolidated complaint lawsuit successful Texas, and we person besides filed a complaint lawsuit successful the authorities of Washington.