California Water Service Group (CWT) company profile
Close on Nov 12, 2026Market cap $3.11BP/E 22.0Yield 2.51%
About California Water Service
Water Supply, SIC 4941
California Water Service Group is a utility holding company that operates in a single segment dedicated to water and wastewater utility services. The company procures, treats, stores, and distributes water for domestic, industrial, public, irrigation, and municipal fire protection uses. It also offers wastewater collection and treatment services, including water recycling, alongside non-regulated services such as full water system operations, meter reading, billing, and communication antenna site leasing. Its customer base includes residential consumers, commercial and industrial entities, municipalities, and public organizations across its utility districts.
The company provides utility services to approximately two million people across California, Washington, New Mexico, Hawaii, and Texas, serving around 562,000 customer connections. California operations represent the vast majority of its reach with 500,000 connections across 20 districts, complemented by systems in Washington, New Mexico, Hawaii, and Texas. The company is headquartered in San Jose, California.
Summary of the business section of California Water Service's latest annual report, written by StockData.
Company profile
Company
- Legal name
- California Water Service Group
- Founded
- 1926
- Headquarters
- San Jose, CA
- Address
- 1720 N First St, C/O California Water Service Co 95112
- Phone
- (408) 367-8200
- Website
- calwatergroup.com
- Employees
- 1,336, Dec 31, 2025
- Industry
- Water Supply
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- DELOITTE & TOUCHE LLP, San Francisco, California
Stock & identifiers
- Ticker
- CWT
- Exchange
- NYSE
- Shares outstanding
- 63M, Oct 19, 2026
- Public float
- $1.58B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Jun 13, 2011; 2-for-1, Jan 26, 1998; 2-for-1, Nov 2, 1987; 2-for-1, May 3, 1984
- SEC CIK
- 1035201
- CUSIP
- 130788102
- ISIN
- US1307881029
- FIGI
- BBG000D8KTN6
- Share class FIGI
- BBG001S7QBD4
- LEI
- 529900QABDOBU6UVRQ36
- EIN
- 77-0448994
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Gregory Dale Shimansky | VP, Rates & Reg Affairs | 446 |
| Elissa Y. Ouyang | VP Facilities Fleet Procure IT | 14,805 |
| Michael S. Mares JR | SVP Operations | 8,252 |
| Thomas A. Scanlon | VP, Corporate Controller & PAO | 5,690 |
| Sophie Marwieh James | VP Water Qual | 8,287 |
| Kenneth G. Jenkins | VP Water Res Plan & Sustain | 5,126 |
| Shawn C. Bunting | SVP, Chief Legal Officer & BD | 4,574 |
| Michael B. Luu | SVP Corp Svce & Chief Risk Of | 23,744 |
| Michelle R. Mortensen | VP Corp Sect, Gov & Assurance | 12,807 |
| Kristan A. Hamner | VP, Chief Human Resource Offcr | 2,979 |
| Shannon C. Dean | SVP, Cust Svc & Chief Sust Of | 23,613 |
| Martin A. Kropelnicki | Chairman President & CEO | 147,287 |
| James Patrick Lynch | SVP CFO and Treasurer | 6,486 |
| Todd Kenneth Peters | Vice President, Engineering | 8,259 |
| Greg A. Milleman | VP Rates & Regulatory Affairs | 13,708 |
| Ronald D. Webb | VP, Human Resources | 26,580 |
| Thomas M. Krummel | Director | 16,404 |
| Carol M. Pottenger | Director | 16,530 |
| Lester A. Snow | Director | 17,817 |
| Jeffrey Kightlinger | Director | 8,355 |
| Scott L. Morris | Director | 15,209 |
| Charles R. Patton | Director | 9,062 |
| Gregory E. Aliff | Director | 26,395 |
| Shelly Marian Esque | Director | 18,331 |
| Yvonne Aida Maldonado | Director | 12,635 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $6.88M | $3.25M | $1.41M | $90 | $90 |
| FY2024 | $4.80M | $4.68M | $943.42K | $97 | $93 |
| FY2023 | $4.86M | $3.69M | $1.00M | $108 | $106 |
| FY2022 | $3.35M | $3.11M | $820.95K | $124 | $123 |
| FY2021 | $3.72M | $4.50M | $1.20M | $144 | $144 |
| FY2020 | $3.78M | $4.27M | $901.55K | $107 | $116 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Martin A. Kropelnicki Chairman, President & Chief Executive Officer | $1.08M | $1.95M | $1.52M | $2.32M | $6.88M | +43% |
| James P. Lynch Senior Vice President, Chief Financial Officer & Treasurer | $488.29K | $272.02K | $275.68K | $527.29K | $1.56M | +8% |
| Michael B. Luu Senior Vice President, Corporate Services & Chief Risk Officer | $464.79K | $272.02K | $262.37K | $324.72K | $1.32M | +26% |
| Shawn C. Bunting Senior Vice President, General Counsel & Business Development | $434.32K | $272.02K | $245.17K | $303.58K | $1.26M | +7% |
| Shannon C. Dean Senior Vice President, Customer Service & Chief Sustainability Officer | $346.65K | $272.02K | $195.71K | $673.08K | $1.49M | +61% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“At December 31, 2025, we had 1,336 employees, including 1,182 at Cal Water, 84 at Washington Water, 48 at Hawaii Water, 22 at New Mexico Water, and no employees at Texas Water.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Apr 27, 2023 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 7, 2018 | Tender offer | Third-party tender offer for the company's shares |
| Apr 14, 2008 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 31, 2008 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jan 28, 1999 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Feb 13, 1998 | Listing | Registration of securities on an exchange (Form 8-A) |
| Mar 6, 1997 | Merger | Registration of securities for a merger or exchange offer (S-4) |
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