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Regulatory assets at other companies

Essential Utilities logo
Essential UtilitiesWTRG
$19.75M+13.2%
AWR
American States WaterAWR
$24.9M-53.5%
AWK
American Water WorksAWK
$1.14B-2.1%
Global Water Resources logo
Global Water ResourcesGWRS
$373K-94.7%
Middlesex Water Company logo
Middlesex Water CompanyMSEX
$1.67M-98.4%
York Water logo
York WaterYORW
$62.14M+12.0%

Other financials

Income statement

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Revenue$197.3M+8.0%
Operating income$18.2M-18.7%
Net income$4.0M-69.7%
EPS (diluted)$0.07-68.2%

Balance sheet

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Cash & equivalents$103.7M+15.1%
Total debt$1.7B+22.5%
Total equity$1.7B+3.1%
Total assets$5.8B+9.9%

Cash flow

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Operating cash flow$49.4M+28.5%
CapEx$58.7M+22.0%
Free cash flow-$9.3M+4.1%

Valuation

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Market cap$3.12B+12.3%
Enterprise value$4.72B+13.8%
P/E26.3×+5.8×
P/S3.2×+0.3×

Profitability

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Operating margin17%-1.2pp
Net margin12.2%-2.2pp
FCF margin24%-1.2pp

Returns & leverage

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Return on equity7.2%-1.5pp
Debt / equity+0.2×
Current ratio0.7×+0.2×

Where this comes from

Reported directly by California Water Service Group in its filing.

Tagged under the XBRL concept us-gaap:RegulatoryAssetsCurrent.

The source filing: California Water Service Group’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 1:04 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028730
Line itemMarch 31,2026December 31,2025
Restricted cash45,64245,553
Receivables:
Customers, net52,58056,322
Short-term regulatory accounts78,33672,511
Other, net47,46449,004
Accrued and unbilled revenue, net39,87939,674
Materials and supplies19,63719,784
Taxes, prepaid expenses, and other assets33,52119,760

Item 1. FINANCIAL STATEMENTS

FAQ

What is California Water Service Group's regulatory assets?
California Water Service Group (CWT) reported regulatory assets of $78.34M in Q1 2026.
How has California Water Service Group's regulatory assets changed year-over-year?
California Water Service Group's regulatory assets increased by 25.8% year-over-year, from $62.29M to $78.34M.
What is the long-term trend for California Water Service Group's regulatory assets?
Over 5 years (2020 to 2025), California Water Service Group's regulatory assets has grown at a -5.5% compound annual growth rate (CAGR), from $96.24M to $72.51M.
What does regulatory assets mean?
Reflects costs that have been deferred because they are expected to be recovered from ratepayers in future periods through regulatory approval. These assets arise from specific accounting treatments mandated by utility commissions to match costs with future revenues. They represent a critical bridge between current expenditures and future rate-regulated cash flows.

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