CWT

The condensed consolidated financial statements presented in this filing on Form 10-Q have been prepared by management and are unaudited. CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATED BALANCE SHEETS Unaudited (In thousands, except par value) June 30, 2026 December 31, 2025 ASSETS Utility plant: Utility plant $ 6,182,880 $ 5,909,242 Less accumulated depreciation and amortization (1,371,706) (1,329,652) Net utility plant 4,811,174 4,579,590 Current assets: Cash and cash equivalents 43,445 51,820 Restricted cash 45,697 45,553 Receivables: Customers, net 72,315 56,322 Short-term regulatory assets 91,122 72,511 Other, net 48,327 49,004 Accrued and unbilled revenue, net 56,695 39,674 Materials and supplies 18,334 19,784 Taxes, prepaid expenses, and other assets 31,250 19,760 Total current assets 407,185 354,428 Other assets: Regulatory assets 334,709 339,865 Goodwill 37,063 37,063 Other 364,833 360,219 Total other assets 736,605 737,147 TOTAL ASSETS $ 5,954,964 $ 5,671,165 See Accompanying Notes to Unaudited Condensed Consolidated Financial Statements 3 Table of Contents CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATED BALANCE SHEETS Unaudited (In thousands, except par value) June 30, 2026 December 31, 2025 CAPITALIZATION AND LIABILITIES Capitalization: Common stock, $0.01 par value; 136,000 shares authorized, 61,839 and 59,638 outstanding on June 30, 2026 and December 31, 2025, respectively $ 618 $ 596 Additional paid-in capital 1,070,262 973,454 Retained earnings 749,745 729,276 Accumulated other comprehensive loss (13,152) (13,922) Noncontrolling interest 2,619 2,571 Total equity 1,810,092 1,691,975 Long-term debt, net 1,471,948 1,471,968 Total capitalization 3,282,040 3,163,943 Current liabilities: Current maturities of long-term debt, net 590 2,270 Short-term borrowings 205,000 130,000 Accounts payable 201,432 175,729 Short-term regulatory liabilities 94,248 25,458 Accrued other taxes 3,744 6,048 Accrued interest 13,115 12,976 Other accrued liabilities 62,541 65,683 Total current liabilities 580,670 418,164 Deferred income taxes 466,636 450,946 Regulatory liabilities 903,905 929,814 Pension 95,191 94,226 Advances for construction 211,191 210,638 Contributions in aid of construction 305,106 297,016 Other long-term liabilities 110,225 106,418 Commitments and contingencies (Note 9) TOTAL CAPITALIZATION AND LIABILITIES $ 5,954,964 $ 5,671,165 See Accompanying Notes to Unaudited Condensed Consolidated Financial Statements 4 Table of Contents CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Unaudited (In thousands, except per share data) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Operating revenue $ 308,596 $ 264,954 $ 523,169 $ 468,927 Operating expenses: Operations: Water production costs 91,843 85,503 163,172 148,494 Administrative and general 36,221 33,317 69,907 67,491 Other operations 45,144 31,695 76,377 60,531 Maintenance 9,150 9,043 17,516 16,711 Depreciation and amortization 29,536 36,029 69,500 71,985 Income tax expense 13,872 6,915 13,946 7,950 Property and other taxes 11,931 10,643 23,688 21,611 Total operating expenses 237,697 213,145 434,106 394,773 Net operating income 70,899 51,809 89,063 74,154 Other income and expenses: Non-regulated revenue 6,241 4,911 11,462 9,992 Non-regulated expenses (3,579) (2,868) (9,036) (6,334) Other components of net periodic benefit credit 2,288 4,589 6,260 9,389 Allowance for equity funds used during construction 2,085 1,898 4,164 3,695 Income tax expense on other income and expenses (1,716) (1,752) (3,107) (3,455) Net other income 5,319 6,778 9,743 13,287 Interest expense: Interest expense 20,809 17,464 40,428 33,973 Allowance for borrowed funds used during construction (1,044) (927) (2,112) (1,784) Net interest expense 19,765 16,537 38,316 32,189 Net income 56,453 42,050 60,490 55,252 Net loss attributable to noncontrolling interest (12) (118) (12) (247) Net income attributable to California Water Service Group $ 56,465 $ 42,168 $ 60,502 $ 55,499 Earnings per share: Basic $ 0.94 $ 0.71 $ 1.01 $ 0.93 Diluted $ 0.93 $ 0.71 $ 1.01 $ 0.93 Weighted average shares outstanding: Basic 60,357 59,574 60,030 59,542 Diluted 60,434 59,629 60,105 59,590 See Accompanying Notes to Unaudited Condensed Consolidated Financial Statements 5 Table of Contents CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Unaudited (In thousands) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net income $ 56,453 $ 42,050 $ 60,490 $ 55,252 Other comprehensive income: Amortization of defined benefit pension plans, net of tax of $148, $60, $298, and $120, respectively 385 154 770 308 Other comprehensive income, net of tax 385 154 770 308 Comprehensive income 56,838 42,204 61,260 55,560 Comprehensive loss attributable to noncontrolling interest (12) (118) (12) (247) Comprehensive income attributable to California Water Service Group $ 56,850 $ 42,322 $ 61,272 $ 55,807 See Accompanying Notes to Unaudited Condensed Consolidated Financial Statements 6 Table of Contents CALIFORNIA WATER SERVICE GROUP CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Unaudited (In thousands) Six Months Ended June 30, 2026 2025 Operating activities: Net income $ 60,490 $ 55,252 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 70,319 73,066 Change in value of life insurance contracts (2,120) (1,257) Allowance for equity funds used during construction (4,164) (3,695) Changes in operating assets and liabilities: Receivables and accrued and unbilled revenue (44,553) (40,542) Accounts payable 16,091 (9,027) Other current assets (6,080) (5,532) Other current liabilities (5,692) (3,656) Other changes in noncurrent assets and liabilities 28,696 22,758 Net cash provided by operating activities 112,987 87,367 Investing activities: Utility plant expenditures (276,440) (229,520) Other 1 207 Net cash used in investing activities (276,439) (229,313) Financing activities: Short-term borrowings 555,000 410,000 Repayment of short-term borrowings (480,000) (255,000) Repayment of long-term debt (459) (430) Advances and contributions in aid of construction 19,747 20,542 Refunds of advances for construction (5,185) (4,543) Per- and polyfluoroalkyl substances (PFAS) settlement proceeds 18,471 10,605 Repurchase of common stock (951) (1,214) Issuance of common stock 95,582 1,343 Dividends paid (40,033) (38,098) Payment for purchase of noncontrolling interest (6,951) — Distribution to noncontrolling interest — (790) Net cash provided by financing activities 155,221 142,415 Change in cash, cash equivalents, and restricted cash (8,231) 469 Cash, cash equivalents, and restricted cash at beginning of period 97,373 95,687 Cash, cash equivalents, and restricted cash at end of period $ 89,142 $ 96,156 Supplemental disclosures of cash flow information: Cash paid for interest (net of amounts capitalized) $ 36,994 $ 31,423 Supplemental disclosure of investing and financing non-cash activities: Accrued payables for investments in utility plant $ 75,053 $ 60,428 Utility plant contributed by developers $ 16,229 $ 14,162 See Accompanying Notes to Unaudited Condensed Consolidated Financial Statements 7 Table of Contents CALIFORNIA WATER SERVICE GROUP Notes to Unaudited Condensed Consolidated Financial Statements June 30, 2026 Dollar amounts in thousands, unless otherwise stated Note 1. Organization and Operations and Basis of Presentation California Water Service Group (Company) is a holding company that provides water utility and other related services in California, Washington, New Mexico, Hawaii and Texas through its wholly-owned subsidiaries. California Water Service Company (Cal Water), Washington Water Service Company (Washington Water), New Mexico Water Service Company (New Mexico Water), and Hawaii Water Service Company, Inc. (Hawaii Water) provide regulated utility services under the rules and regulations of their respective state’s regulatory commissions. CWS Utility Services and HWS Utility Services LLC provide non-regulated water utility and utility-related services. TWSC, Inc. (Texas Water) indirectly holds regulated and contracted water and wastewater utilities through a majority owned joint venture, BVRT Utility Holding Company LLC (BVRT). BVRT’s water and wastewater utilities provide services under the rules and regulation of the Public Utilities Commission of Texas (PUCT). Each state’s regulatory commission will be jointly referred to as the Commissions. Basis of Presentation The unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (SEC) and therefore do not contain all of the information and footnotes required by GAAP and the SEC for annual financial statements. Interim financial information includes the Company’s accounts and those of its wholly owned subsidiaries. BVRT, a 96.6% owned subsidiary of Texas Water, is consolidated using the voting interest model as the Company owns a majority of the voting interests. The unaudited condensed consolidated interim financial statements should be read in conjunction with the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the SEC on February 27, 2026. The preparation of the Company’s unaudited condensed consolidated interim financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the consolidated balance sheet dates and the reported amounts of revenues and expenses for the periods presented. These include, but are not limited to, estimates and assumptions used in determining the Company’s regulatory asset and liability balances based upon probability assessments of regulatory recovery, utility plant useful lives, revenues earned but not yet billed, asset retirement obligations, allowance for credit losses, pension and other employee benefit plan assets and liabilities, and income tax-related assets and liabilities. Actual results could differ from these estimates. In the opinion of management, the accompanying unaudited condensed consolidated interim financial statements reflect all adjustments, consisting of normal recurring transactions that are necessary to provide a fair presentation of the results for the periods covered. Due to the seasonal nature of the water business, the results for interim periods are not indicative of the results for a 12-month period. Revenue and income are generally higher in the warm, dry summer months when water usage and sales are greater. Revenue and income are generally lower in the winter months when cooler temperatures and rainfall curtail water usage and sales. Noncontrolling Interest Noncontrolling interest in the Company’s unaudited condensed consolidated interim financial statements represents the 3.4% interest not owned by Texas Water in BVRT. Texas Water obtained control over BVRT on May 1, 2021. Since the Company controls BVRT, its financial statements are consolidated with those of the Company, and the noncontrolling owner’s 3.4% share of BVRT’s net assets and results of operations is deducted and reported as noncontrolling interest in total equity on the unaudited Condensed Consolidated Balance Sheets, as net loss attributable to noncontrolling interest in the unaudited Condensed Consolidated Statements of Operations, and as comprehensive loss attributable to noncontrolling interest in the unaudited Condensed Consolidated Statements of Comprehensive Income. The Company reports noncontrolling interest in consolidated entities as a component of equity separate from the Company’s equity. The Company’s net income and comprehensive income attributable to California Water Service Group excludes the loss attributable to the noncontrolling interest. 8 Table of Contents Note 2. Summary of Significant Accounting Policies Operating Revenue The following table disaggregates the Company’s operating revenue by source for the three and six months ended June 30, 2026 and 2025: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue from contracts with customers $ 278,035 $ 256,216 $ 475,369 $ 438,917 Regulatory balancing account revenue 30,561 8,738 47,800 30,010 Total operating revenue $ 308,596 $ 264,954 $ 523,169 $ 468,927 Revenue from contracts with customers The Company principally generates operating revenue from contracts with customers by providing regulated water and wastewater services at tariffed rates authorized by the Commissions in the states in which it operates, and non-regulated water and wastewater services at rates authorized by contracts with government agencies and other third parties. Revenue from contracts with customers reflects amounts billed for the volume of consumption at authorized per unit rates, for service charges, and for other authorized charges. The Company satisfies its performance obligation to provide water and wastewater services over time as services are rendered. The Company applies the invoice practical expedient and recognizes revenue from contracts with customers in the amount for which the Company has a right to invoice. The Company has a right to invoice for the volume of consumption, for the service charge, and for other authorized charges. The measurement of sales to customers is generally based on the reading of their meters, which occurs on a systematic basis throughout the month. At the end of each month, the Company estimates consumption since the date of the last meter reading and a corresponding accrued and unbilled revenue is recognized. The estimate is based upon the number of unbilled days that month and the average daily customer billing rate from the previous month (which fluctuates based upon customer usage). Contract terms are generally short-term and at will by customers and, as a result, no separate financing component is recognized for the Company’s collections from customers, which generally require payment within 30 days of billing. The Company applies judgment, based principally on historical payment experience, in estimating its customers’ ability to pay. In the following table, revenue from contracts with customers is disaggregated by class of customers for the three and six months ended June 30, 2026 and 2025: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Residential $ 153,374 $ 141,929 $ 262,265 $ 247,362 Business 51,747 48,094 93,667 88,642 Multiple residential 22,554 20,723 43,154 39,926 Industrial 6,489 6,529 12,440 12,934 Public authorities 15,229 13,011 24,658 22,256 Other (a) 28,642 25,930 39,185 27,797 Total revenue from contracts with customers $ 278,035 $ 256,216 $ 475,369 $ 438,917 (a) Other includes changes to accrued and unbilled revenue. 9 Table of Contents Regulatory balancing account revenue Regulatory balancing account revenue is revenue related to revenue mechanisms authorized in California by the California Public Utilities Commission (CPUC). For certain revenue mechanisms, the Company recognizes revenue when it is objectively determinable, probable of recovery and expected to be collected within 24 months following the end of the accounting period. To the extent that revenue is estimated to be collectible beyond 24 months, recognition is deferred. These mechanisms include the Monterey-Style Water Revenue Adjustment Mechanism (M-WRAM), which tracks the difference between the revenue received for actual metered sales through the tiered volumetric rate and the revenue that would have been received with the same actual metered sales if a uniform rate had been in effect. The M-WRAM fluctuates with the seasonality of the water business. During the warm, dry summer months when water use is typically highest, the M-WRAM will reflect an overcollection of revenue compared to an undercollection in the cool, wet winter months when less water is typically used. These mechanisms also include the Water Revenue Adjustment Mechanism (WRAM), which decoupled revenue from the volume of sales and allowed the Company to recognize the adopted level of volumetric revenues. The variance between adopted volumetric revenues and actual billed volumetric revenues for metered accounts was recorded as regulatory balancing account revenue. The WRAM concluded on December 31, 2022; however, the Company has a net WRAM receivable balance for which the Company continued to defer revenue recognition for amounts estimated to be collected beyond 24 months following the end of the accounting period until the second quarter of 2026. During the second quarter of 2026, the Company recognized all previously deferred amounts of $9.3 million as the Company expects to fully collect the remaining net WRAM receivable balance within 24 months. The surcharge to recover this balance was implemented on July 1, 2026. Regulatory balancing accounts also include revenue that is recognized when it is probable that future recovery of previously incurred costs or future refunds that are to be credited to customers will occur through the ratemaking process. As a result of the delay in the approval of Cal Water’s general rate case (GRC) filed on July 8, 2024 (2024 CA GRC), the CPUC authorized Cal Water to track the effect of the delay on customer billings in an Interim Rates Memorandum Account (IRMA) effective January 1, 2026. Variances between actual customer billings and those that would have been billed assuming the 2024 CA GRC had been implemented on January 1, 2026 were recorded as regulatory balancing account revenue. The 2024 CA GRC was approved in April of 2026 and final rates for the 2024 CA GRC were not implemented as of June 30, 2026; as a result, Cal Water calculated and recorded this difference for the first six months of 2026. Cal Water determined that the IRMA met regulatory asset recognition criteria under accounting standards for regulated utilities. In the second quarter of 2026, the Company recorded $15.3 million of revenue for the IRMA. Non-Regulated Revenue The following table disaggregates the Company’s non-regulated revenue by source for the three and six months ended June 30, 2026 and 2025: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Contract operating and maintenance revenue $ 3,458 $ 3,239 $ 6,843 $ 6,506 Other non-regulated revenue 2,179 1,091 3,429 2,339 Non-regulated revenue from contracts with customers 5,637 4,330 10,272 8,845 Lease revenue 604 581 1,190 1,147 Total non-regulated revenue $ 6,241 $ 4,911 $ 11,462 $ 9,992 Contract operating and maintenance services are provided for non-regulated water and wastewater systems owned by private companies and municipalities. The Company negotiates formal agreements with the customers under which the Company provides operating, maintenance and customer billing services related to the customers’ water systems. The formal agreements outline a fee schedule for the services provided. The agreements typically call for a fee-per-service or a flat-rate amount per month. The Company satisfies its performance obligation of providing contract operating and maintenance services over time as services are rendered; as a result, the Company employs the invoice practical expedient and recognizes revenue in the amount that it has the right to invoice. Contract terms are generally short-term and, as a result, no separate financing component is recognized for its collections from customers, which generally require payment within 30 days of billing. Other non-regulated revenue primarily relates to services for the design and installation of water mains and other water infrastructure for customers outside the regulated service areas, and insurance program administration. 10 Table of Contents Lease revenue is not considered revenue from contracts with customers and is recognized following operating lease standards. The Company is the lessor in operating lease agreements with telecommunications companies under which cellular phone antennas are placed on the Company’s property. Allowance for Credit Losses The Company measures expected credit losses for customer receivables, other receivables, and accrued and unbilled revenue on an aggregated level. These receivables are generally trade receivables due in one year or less or expected to be billed and collected in one year or less. The expected credit losses for other receivables and accrued and unbilled revenue are inconsequential. Customer receivables include receivables for water and wastewater services provided to residential customers, business, industrial, public authorities, and other customers. The expected credit losses for business, industrial, public authorities, and other customers are inconsequential. The overall risks related to the Company’s receivables are low as water and wastewater services are seen as essential services. The estimate for the allowance for credit losses is based on a historical loss ratio, in conjunction with a qualitative assessment of elements that impact the collectability of receivables to determine if the allowance for credit losses should be further adjusted in accordance with the applicable accounting guidance. Management contemplates available current information such as changes in economic factors, regulatory matters, industry trends, payment options and programs available to customers, and the methods that the Company is able to use to encourage payment. The Company reviews its allowance for credit losses utilizing a quantitative assessment, which includes a trend analysis of customer billings and collections, and agings by customer class. The Company also utilizes a qualitative assessment, which considers the future collectability of customer outstanding balances, management’s estimate of the cash recovery, and a general assessment of the economic conditions in the locations the Company serves. Based on these assessments, the Company adjusts its allowance for credit losses, accordingly. The Company has elected to apply a practical expedient which allows the Company to assume that current conditions as of the balance sheet date remain unchanged over the remaining life of its receivables in developing reasonable and supportable forecasts as part of estimating expected credit losses. The following table presents the activity in the allowance for credit losses for the six months ended June 30, 2026 and twelve months ended December 31, 2025: June 30, 2026 December 31, 2025 Beginning balance $ 3,322 $ 4,128 Provision for credit loss expense 1,793 3,910 Write-offs (2,461) (5,281) Recoveries 237 565 Total ending allowance balance $ 2,891 $ 3,322 Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash, cash equivalents, and restricted cash within the unaudited Condensed Consolidated Balance Sheets that total to the amounts shown on the unaudited Condensed Consolidated Statements of Cash Flows (see Note 9 of the Notes to Unaudited Condensed Consolidated Financial Statements on restricted cash): June 30, 2026 December 31, 2025 Cash and cash equivalents $ 43,445 $ 51,820 Restricted cash 45,697 45,553 Total cash, cash equivalents, and restricted cash $ 89,142 $ 97,373 Earnings per Share Basic earnings per share of common stock is computed by dividing the net income attributable to California Water Service Group by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the potential dilution from shares potentially issuable in connection with Restricted Stock Unit (RSU) awards under the Company’s equity incentive plan. Restricted Stock Awards (RSAs) are included in the common shares outstanding because the shares have all the same voting and dividend rights as issued and unrestricted common stock. 11 Table of Contents Recently Adopted Accounting Pronouncements In September 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-06, Targeted Improvements to the Accounting for Internal-Use Software, which removes all references to prescriptive and sequential software development stages. The ASU requires entities to begin capitalizing software costs when management authorizes and commits to funding the software project, and it is probable that the project will be completed and the software will be used for its intended purpose. ASU 2025-06 is effective for the Company’s annual periods beginning January 1, 2028. Early adoption is permitted and the guidance can be applied on a prospective basis, a modified basis for in-process projects, or on a retrospective basis. The Company early adopted ASU 2025-06 prospectively beginning January 1, 2026. The adoption of this guidance did not have a material impact on the Company’s unaudited condensed consolidated interim financial statements or disclosures. New Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses, which requires disaggregation of certain Consolidated Statement of Operations’ expense captions into specified categories in disclosures within the footnotes to the financial statements. ASU 2024-03 is effective for the Company’s annual periods beginning January 1, 2027, with early adoption permitted. The guidance is applied prospectively with the option of retrospective application for each period presented. The Company is evaluating the impact the new standard will have on its financial statement disclosures upon adoption. In December 2025, the FASB issued ASU 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities, which establishes authoritative guidance on the recognition, measurement, presentation, and disclosure of government grants. Under ASU 2025-10, government grants are recognized when it is probable that the entity will both comply with the conditions of the grant and the grant will be received. The ASU provides specific accounting models for grants related to assets and grants related to income, including options to recognize government grants as deferred income or as a reduction of the asset’s cost basis. The ASU also requires enhanced disclosures regarding the nature of government grants, significant terms and conditions, accounting policies applied, and amounts recognized in the financial statements. ASU 2025-10 is effective for the Company’s annual periods beginning January 1, 2029. The Company is evaluating the impact the new standard will have on its consolidated financial statements and disclosures upon adoption. Note 3. Stock-Based Compensation The Company’s 2024 Equity Incentive Plan (2024 Equity Plan) was adopted by the Board of Directors and approved by stockholders on May 29, 2024. The Company reserved 1,600,000 shares of common stock for awards the Company is authorized to issue pursuant to the 2024 Equity Plan. In addition, the Board of Directors reauthorized 158,950 shares for issuance under its legacy equity incentive plan. In March of 2026, the Company granted RSAs to Officers and members of the Board of Directors (Directors). The RSAs are valued based on the fair market value of the Company’s common stock at the date of grant. The 2026 RSAs granted to Officers vest over 36 months with the first 12 months cliff vesting and the remaining RSAs vesting quarterly thereafter. RSAs granted to the Directors in 2026 vest at the end of 12 months. The 2026 RSAs are recognized as expense evenly over 36 months for the shares granted to Officers and 12 months for the shares granted to the Directors. As of June 30, 2026, there was approximately $3.7 million of total unrecognized compensation cost related to RSAs. The cost is expected to be recognized over a weighted average period of 1.7 years. A summary of the status of the outstanding RSAs as of June 30, 2026 is presented below: Number of RSA Shares Weighted-Average Grant-Date Fair Value RSAs at January 1, 2026 76,294 $ 47.34 Granted 62,875 46.95 Vested (48,169) 47.28 RSAs at June 30, 2026 91,000 $ 47.10 In March of 2026, the Company granted both market-based and performance-based RSUs to Officers. The 2026 RSU awards may be earned upon the completion of a 36-month performance period. Whether RSUs are earned at the end of the performance period will be determined based on the achievement of certain performance objectives set by the Organization and Compensation Committee of the Board of Directors in connection with the issuance of the RSUs. 12 Table of Contents The 2026 performance objectives are based on the Company’s business plan covering the performance period from 2026 through 2028. The performance objectives include the achievement of a three-year average return on equity target for the performance-based RSUs and the achievement of relative total stockholder return targets for the market-based RSUs. Depending on the results achieved during the 36-month performance period, the actual number of shares that a grant recipient receives at the end of the performance period may range from 0% to 200% of the target RSUs granted, provided that the grantee is continuously employed by the Company through the vesting date. If prior to the vesting date employment is terminated by reason of death, disability or normal retirement, then a pro rata portion of this award will vest. The Company utilizes the Monte Carlo valuation model, which requires the use of subjective assumptions, to compute the fair value of market-based RSUs at the date of grant and recognizes expense ratably over the 34-month requisite service period. The fair value of performance-based RSUs is calculated based on the fair value of the Company’s common stock at the date of grant and the Company recognizes expense ratably over the 34-month requisite service period based on the expected attainment of the performance target. Changes in the estimates of the expected attainment of the performance target will result in a change in the number of shares that are expected to vest, which may cause a cumulative adjustment for the amount of expense during each reporting period in which such estimates are changed. As of June 30, 2026, there was approximately $4.6 million of total unrecognized compensation cost related to RSUs. The cost is expected to be recognized over a weighted average period of 1.8 years. A summary of the status of the outstanding RSUs as of June 30, 2026 is presented below: Number of RSU Shares Weighted-Average Grant-Date Fair Value RSUs at January 1, 2026 184,665 $ 49.43 Granted 86,281 46.95 Performance criteria adjustment (20,384) 55.48 Vested (17,384) 55.48 RSUs at June 30, 2026 233,178 $ 47.53 The Company recorded compensation costs for the RSAs and RSUs, which are included in administrative and general operating expenses, of $1.7 million and $1.3 million for the three months ended June 30, 2026 and 2025, respectively. For the six months ended June 30, 2026 and 2025, the Company has recorded compensation costs for the RSAs and RSUs in the amount of $2.3 million and $2.6 million, respectively. Note 4. Equity On May 14, 2025, the Company entered into an equity distribution agreement to sell shares of its common stock having an aggregate gross sales price of up to $350.0 million (2025 Equity Agreement) from time to time, depending on market conditions, through an at-the-market equity program over the succeeding three years. Pursuant to the terms of the 2025 Equity Agreement, the Company may enter into forward sale agreements with forward counterparties. The Company intends to use the net proceeds from equity sales, after deducting commissions and offering expenses, for general corporate purposes, which may include working capital, construction and acquisition expenditures, investments and repurchases, and redemptions of securities. During the three months ended June 30, 2026, the Company sold 1,972,357 shares of common stock through its at-the-market equity program and raised proceeds of $88.0 million, net of $0.9 million in commissions paid. During the six months ended June 30, 2026, the Company sold 2,106,557 shares of common stock through its at-the-market equity program and raised proceeds of $94.1 million, net of $1.0 million in commissions paid. As of June 30, 2026, approximately $253.4 million remains available for sale under the at-the-market equity program. During the three and six months ended June 30, 2025, the Company did not utilize the at-the-market equity program. 13 Table of Contents The Company’s changes in total equity for the three and six months ended June 30, 2026 and 2025 were as follows: Three Months Ended June 30, 2026 Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interest Total Equity Shares Amount (In thousands) Balance at March 31, 2026 59,853 $ 599 $ 980,113 $ 713,333 $ (13,537) $ 2,604 $ 1,683,112 Net income (loss) — — — 56,465 — (12) 56,453 Issuance of common stock 1,989 19 90,304 — — — 90,323 Repurchase of common stock (3) — (128) — — — (128) Dividends paid on common stock ($0.335 per share) — — — (20,053) — — (20,053) Other comprehensive income, net of tax (a) — — — — 385 — 385 Investment in business with noncontrolling interest — — (27) — — 27 — Balance at June 30, 2026 61,839 $ 618 $ 1,070,262 $ 749,745 $ (13,152) $ 2,619 $ 1,810,092 Six Months Ended June 30, 2026 Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interest Total Equity Shares Amount (In thousands) Balance at January 1, 2026 59,638 $ 596 $ 973,454 $ 729,276 $ (13,922) $ 2,571 $ 1,691,975 Net income (loss) — — — 60,502 — (12) 60,490 Issuance of common stock 2,222 22 97,819 — — — 97,841 Repurchase of common stock (21) — (951) — — — (951) Dividends paid on common stock ($0.670 per share) — — — (40,033) — — (40,033) Other comprehensive income, net of tax (a) — — — — 770 — 770 Investment in business with noncontrolling interest — — (60) — — 60 — Balance at June 30, 2026 61,839 $ 618 $ 1,070,262 $ 749,745 $ (13,152) $ 2,619 $ 1,810,092 14 Table of Contents Three Months Ended June 30, 2025 Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interest Total Equity Shares Amount (In thousands) Balance at March 31, 2025 59,570 $ 596 $ 967,689 $ 668,023 $ (7,063) $ 2,744 $ 1,631,989 Net income (loss) — — — 42,168 — (118) 42,050 Issuance of common stock 14 — 1,392 — — — 1,392 Repurchase of common stock (3) — (105) — — — (105) Dividends paid on common stock ($0.300 per share) — — — (17,872) — — (17,872) Other comprehensive income, net of tax (a) — — — — 154 — 154 Investment in business with noncontrolling interest — — (156) — — 156 — Distribution to noncontrolling interest — — — — — (339) (339) Balance at June 30, 2025 59,581 $ 596 $ 968,820 $ 692,319 $ (6,909) $ 2,443 $ 1,657,269 Six Months Ended June 30, 2025 Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interest Total Equity Shares Amount (In thousands) Balance at January 1, 2025 59,484 $ 595 $ 966,975 $ 674,918 $ (7,217) $ 3,015 $ 1,638,286 Net income (loss) — — — 55,499 — (247) 55,252 Issuance of common stock 124 1 3,525 — — — 3,526 Repurchase of common stock (27) — (1,214) — — — (1,214) Dividends paid on common stock ($0.640 per share) — — — (38,098) — — (38,098) Other comprehensive income, net of tax (a) — — — — 308 — 308 Investment in business with noncontrolling interest — — (466) — — 466 — Distribution to noncontrolling interest — — — — — (791) (791) Balance at June 30, 2025 59,581 $ 596 $ 968,820 $ 692,319 $ (6,909) $ 2,443 $ 1,657,269 (a) This accumulated other comprehensive loss component is included in the computation of net periodic benefit costs for the Company’s supplemental executive retirement plan (SERP), specifically the following components: amortization of unrecognized (gain) loss and amortization of prior service credit. Note 5. Pension Plan and Other Postretirement Benefits The Company provides a qualified, defined-benefit, non-contributory pension plan for substantially all of its employees. The Company makes annual contributions to fund amounts accrued for the qualified pension plan. The Company also maintains an unfunded, non-qualified SERP. The costs of the plans are charged to expense or are capitalized in utility plant as appropriate. The Company offers medical, dental, vision, and life insurance benefits for retirees and their spouses and dependents (other postretirement benefit plans). Participants are required to pay a premium, which offsets a portion of the cost. Cash contributions made by the Company to the pension plans were $1.7 million and $3.3 million for the six months ended June 30, 2026 and 2025, respectively. No cash contributions were made by the Company to the other postretirement benefit plans for the six months ended June 30, 2026 and 2025. The Company estimates in 2026 that the annual contribution to the pension plans will be $2.7 million and no annual contribution will be made to the other postretirement plans. 15 Table of Contents The following tables list components of net periodic benefit costs for the pension plans and other postretirement benefits. The data listed under “pension plan” includes the qualified pension plan and the non-qualified SERP. The data listed under “other benefits” is for all other postretirement benefit plans. Pension Plan Other Benefits Three Months Ended June 30, 2026 2025 2026 2025 Service cost $ 5,782 $ 5,207 $ 1,331 $ 1,408 Interest cost 10,231 9,553 1,641 1,773 Expected return on plan assets (14,275) (12,793) (3,680) (3,197) Amortization of prior service cost 131 131 39 39 Recognized net actuarial loss (gain) 606 194 (962) (522) Net periodic benefit cost (credit) $ 2,475 $ 2,292 $ (1,631) $ (499) Pension Plan Other Benefits Six Months Ended June 30, 2026 2025 2026 2025 Service cost $ 11,564 $ 10,414 $ 2,661 $ 2,816 Interest cost 20,463 19,106 3,283 3,546 Expected return on plan assets (28,551) (25,586) (7,359) (6,394) Amortization of prior service cost 262 262 78 78 Recognized net actuarial loss (gain) 1,212 388 (1,925) (1,044) Net periodic benefit cost (credit) $ 4,950 $ 4,584 $ (3,262) $ (998) The service cost portion of the pension plan and other postretirement benefit plans is recognized in administrative and general expenses within the unaudited Condensed Consolidated Statements of Operations. Other components of net periodic benefit costs include interest costs, expected return on plan assets, amortization of prior service costs, and recognized net actuarial losses (gains) and are reported together as other components of net periodic benefit credit in other income and expenses within the unaudited Condensed Consolidated Statements of Operations. Note 6. Short-term and Long-term Borrowings On March 31, 2023, the Company and Cal Water entered into syndicated credit agreements, which provide for unsecured revolving credit facilities of up to an initial aggregate amount of $600.0 million for a term of five years. The Company and subsidiaries that it designates may borrow up to $200.0 million under the Company’s revolving credit facility (the Company facility). Cal Water may borrow up to $400.0 million under its revolving credit facility (the Cal Water facility). Additionally, the credit facilities may be increased by up to an incremental $50.0 million under the Company facility and $150.0 million under the Cal Water facility, subject in each case to certain conditions. At the Company’s or Cal Water’s option, as applicable, borrowings under the Company and Cal Water facilities, as applicable, will bear interest annually at a rate equal to (i) the base rate, plus an applicable margin of 0.00% to 0.25%, depending on the Company and its subsidiaries’ consolidated total capitalization ratio, or (ii) Term SOFR, plus an applicable margin of 0.80% to 1.25%, depending on the Company and its subsidiaries’ consolidated total capitalization ratio. The Company and Cal Water facilities contain affirmative and negative covenants and events of default customary for credit facilities of this type including, among other things, limitations and prohibitions relating to additional indebtedness, liens, mergers, and asset sales. Also, the Company and Cal Water facilities contain financial covenants governing the Company and its subsidiaries’ consolidated total capitalization ratio and interest coverage ratio. As of June 30, 2026, the Company and Cal Water are in compliance with all of the covenant requirements and are eligible to use the full amount of the undrawn portion of the Company and Cal Water facilities, as applicable. There were no outstanding borrowings on the Company facility as of June 30, 2026 and December 31, 2025. Outstanding borrowings on the Cal Water facility as of June 30, 2026 and December 31, 2025 were $205.0 million and $130.0 million, respectively. The average borrowing rate for borrowings on the Company and Cal Water facilities during the six months ended June 30, 2026 was 4.69% compared to 5.33% for the same period last year. 16 Table of Contents Note 7. Income Taxes The Company adjusts its effective tax rate each quarter to be consistent with the estimated annual effective tax rate. The Company also records the tax effect of unusual or infrequently occurring discrete items. The provision for income taxes is shown in the table below: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Income tax expense $ 13,872 $ 6,915 $ 13,946 $ 7,950 Income tax expense on other income and expenses 1,716 1,752 3,107 3,455 Total income tax expense $ 15,588 $ 8,667 $ 17,053 $ 11,405 Total income tax expense increased $6.9 million and $5.6 million for the three and six months ended June 30, 2026 as compared to the same period in 2025. The increase in total income tax expense for the three months ended June 30, 2026 is primarily due to an increase in the effective tax rate (see below) and an increase in pre-tax operating income, which resulted from the 2024 CA GRC decision in the second quarter of 2026. The Company’s effective tax rate was 22.0% and 17.1% before discrete items as of June 30, 2026 and June 30, 2025, respectively. The increase in the effective tax rate was primarily due to the decrease in Tax Cuts and Jobs Act (TCJA) refunds of excess deferred federal income taxes. On June 27, 2024, California Senate Bill 167 (SB 167) was enacted into law. SB 167 provides for a three-year suspension of net operating losses under the California Corporation tax. Among other things, this new law temporarily disallows the use of state net operating losses for years beginning in 2024 through 2026. The Company had unrecognized tax benefits of approximately $21.1 million and $19.9 million as of June 30, 2026 and 2025, respectively. Included in the balance of unrecognized tax benefits as of June 30, 2026 and 2025, is $4.8 million and $5.6 million, respectively, of tax benefits that, if recognized, would result in an increase to the Company’s effective tax rate. The Company does not expect its unrecognized tax benefits to change significantly within the next 12 months. 17 Table of Contents Note 8. Regulatory Assets and Liabilities Regulatory assets and liabilities were comprised of the following as of June 30, 2026 and December 31, 2025: Recovery Period June 30, 2026 December 31, 2025 Regulatory Assets Property-related temporary differences (tax benefits flowed through to customers) Indefinite $ 199,465 $ 199,465 M-WRAM long-term regulatory asset 1 - 2 years 24,152 12,876 IRMA long-term accounts receivable Various 21,216 22,077 Other accrued benefits Indefinite 28,398 26,263 Asset retirement obligations, net Indefinite 31,577 30,073 Tank coating Various 18,584 19,495 General District Balancing Account (GDBA) long-term accounts receivable Various 588 9,844 Customer Assistance Program and Rate Support Fund accounts receivable 1 year 254 2,651 Net WRAM and Modified Cost Balancing Account (MCBA) long-term accounts receivable — 4,078 Incremental Cost Balancing Accounts (ICBA) 1 year 3,646 4,722 Recoverable property losses Various 1,765 2,051 Other regulatory assets Various 5,064 6,270 Total Regulatory Assets $ 334,709 $ 339,865 Regulatory Liabilities Cost of removal $ 537,504 $ 523,813 Pension and retiree group health 217,692 219,133 Future tax benefits due to customers 102,508 103,662 Other components of net periodic benefit cost 28,214 24,248 ICBA 4,257 2,144 PFAS settlement proceeds 4,293 25,193 Pension Cost Balancing Account (PCBA) 1,247 17,837 Conservation Expense Balancing Account (CEBA) 3,153 5,202 Net WRAM and MCBA long-term payable — 3,117 Health Cost Balancing Account (HCBA) 1,835 4,149 Other regulatory liabilities 3,202 1,316 Total Regulatory Liabilities $ 903,905 $ 929,814 Short-term regulatory assets and liabilities are excluded from the above table. The short-term regulatory assets were $91.1 million as of June 30, 2026 and $72.5 million as of December 31, 2025. The short-term regulatory assets as of June 30, 2026 primarily consisted of IRMA, M-WRAM, GDBA, and ICBA receivables. As of December 31, 2025, the short-term regulatory assets primarily consisted of IRMA, M-WRAM, and ICBA receivables. The short-term portion of regulatory liabilities was $94.2 million as of June 30, 2026 and $25.5 million as of December 31, 2025. The short-term regulatory liabilities as of June 30, 2026 consisted of PFAS settlement proceeds (see Note 9 of the Notes to Unaudited Condensed Consolidated Financial Statements), PCBA regulatory liabilities, CEBA regulatory liabilities, HCBA regulatory liabilities, and ICBA regulatory liabilities. As of December 31, 2025, the short-term regulatory liabilities primarily consisted of TCJA regulatory liabilities, ICBA regulatory liabilities, and PFAS settlement proceeds. 18 Table of Contents Note 9. Commitments and Contingencies Commitments The Company has long-term commitments to purchase water from water wholesalers. The Company also has operating and finance leases for water systems, offices, land easements, licenses, equipment, and other facilities. These commitments and leases are described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Water Supply Contracts On August 16, 2022, BVRT, a majority owned subsidiary of Texas Water, entered into a long-term water supply agreement with the Guadalupe Blanco River Authority (GBRA) through its wholly owned subsidiary, Camino Real Utility (Camino Real). The Company has provided a limited guarantee to GBRA for the agreed upon obligations. GBRA is a water conservation and reclamation district established by the Texas Legislature that oversees water resources for 10 counties. Under the terms of the agreement with GBRA, Camino Real is contracted to receive up to 2,419 acre-feet of potable water annually. The GBRA agreement involves four off-takers, including Camino Real, and GBRA plans to extend a potable water pipeline from the City of Lockhart to the City of Mustang Ridge and surrounding areas. Camino Real is contracted to be the utility service provider in this area of the Austin metropolitan region and to provide potable water, recycled water, and wastewater services to portions of the City of Mustang Ridge and surrounding areas. In 2022, Camino Real committed $21.5 million for its share of the cost of the pipeline project. In 2023, Camino Real committed an additional $22.3 million for its share of the cost of the pipeline project. As of June 30, 2026, this committed cash has not been transferred to GBRA and is classified as part of restricted cash on the unaudited Condensed Consolidated Balance Sheets. The Company currently expects this committed cash to be transferred to GBRA in the second half of 2026. Acquisitions In November of 2025, Texas Water entered into an agreement to purchase the remaining membership interests of BVRT for a total purchase price of $45.0 million. As required by the membership interest purchase agreement, the Company made an initial payment of $7.0 million in the first quarter of 2026. An additional payment of $3.8 million was made in July of 2026, with the remainder due upon closing of the acquisition. Acquisition of the remaining membership interests is subject to satisfaction of customary closing conditions in addition to PUCT and the Company’s Board of Director’s approval. In February of 2026, the Company entered into an agreement to purchase Nexus Water Group’s Nevada and Oregon water and wastewater systems for approximately $218.0 million, subject to the finalization of closing conditions. The Company’s Board of Directors has approved the acquisition, and change of control applications have been submitted to the Oregon Public Utility Commission and Public Utilities Commission of Nevada for review and approval. Contingencies From time to time, the Company is involved in various disputes and litigation matters that arise in the ordinary course of business. The status of each significant matter is reviewed and assessed for potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount of the range of loss can be estimated, a liability is accrued for the estimated loss in accordance with the accounting standards for contingencies. Legal proceedings are subject to uncertainties, and the outcomes are difficult to predict. Because of such uncertainties, accruals are based on the best information available at the time. Groundwater Contamination The Company has undertaken litigation against third parties to recover past and future costs related to groundwater contamination in its service areas. The cost of litigation is generally expensed as incurred and any settlement is first offset against such costs. The CPUC’s general policy requires all proceeds from contamination litigation to be used first to pay transactional expenses, then to make customers whole for water treatment costs to comply with the CPUC’s water quality standards. The CPUC allows for a risk-based consideration of contamination proceeds which exceed the costs of the remediation described above and may result in some sharing of proceeds with the shareholder, determined on a case-by-case basis. The CPUC has authorized various memorandum accounts that allow the Company to track significant litigation costs and to request recovery of these costs in future filings. 19 Table of Contents The Company is a party to four separate class-action settlements with the following companies: 3M Company; E.I. Du Pont de Nemours and Company (n/k/a EIDP, Inc.), DuPont de Nemours, Inc., The Chemours Company, The Chemours Company FC, LLC, and Corteva, Inc. (collectively, DuPont); Tyco Fire Products LP (Tyco); and BASF Corporation. These settlements are designed to resolve certain claims for PFAS contamination of drinking water in active public water systems. The Company plans to use settlement proceeds received, net of fees and expenses, to offset capital expenditures required to comply with PFAS drinking water regulations. The proceeds will be allocated on a prorated basis to identified PFAS projects. For the three and six months ended June 30, 2026, the Company received settlement proceeds, net of legal fees and expenses, from 3M Company, Tyco and BASF Corporation totaling $18.5 million. For the three and six months ended June 30, 2025, settlement proceeds from 3M Company and DuPont were received, net of legal fees and expenses, totaling $10.6 million. The Company expects to receive additional settlement proceeds from 3M Company in annual installments from 2027 to 2033. Other Legal Matters While the probable outcome of disputes and litigation matters, including those concerning groundwater contamination, cannot be predicted with any certainty, management does not believe when taking into account existing reserves, the ultimate resolution of these matters will materially affect the Company’s financial position, results of operations, or cash flows. The cost of litigation is expensed as incurred and any settlement is first offset against such costs. Any settlement in excess of the cost to litigate is accounted for on a case-by-case basis, dependent on the nature of the settlement. Note 10. Fair Value of Financial Assets and Liabilities The accounting guidance for fair value measurements and disclosures provides a single definition of fair value and requires certain disclosures about assets and liabilities measured at fair value. A hierarchical framework for disclosing the observability of the inputs utilized in measuring assets and liabilities at fair value is established by this guidance. The three levels in the hierarchy are as follows: Level 1—Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. Level 2—Inputs to the valuation methodology include: •Quoted market prices for similar assets or liabilities in active markets; •Quoted prices for identical or similar assets or liabilities in inactive markets; •Inputs other than quoted prices that are observable for the asset or liability; and •Inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability. Level 3—Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Specific valuation methods include the following: Cash, accounts receivable, short-term borrowings, and accounts payable carrying amounts approximated the fair value because of the short-term maturity of the instruments. Pension and other postretirement benefit plan assets are measured at either net asset value or level 1 depending on the investment. 20 Table of Contents Long-term debt fair values were estimated using the published quoted market price, if available, or the discounted cash flow analysis, based on the current rates available using a risk-free rate (a U.S. Treasury securities yield curve) plus a risk premium of 1.0%. June 30, 2026 Fair Value Cost Level 1 Level 2 Level 3 Total Long-term debt, including current maturities, net $ 1,472,538 $ — $ 1,267,453 $ — $ 1,267,453 December 31, 2025 Fair Value Cost Level 1 Level 2 Level 3 Total Long-term debt, including current maturities, net $ 1,474,238 $ — $ 1,284,272 $ — $ 1,284,272 Note 11. Accumulated Other Comprehensive Loss The table below presents changes in accumulated other comprehensive loss (AOCL), net of tax, by component for the three and six months ended June 30, 2026 and 2025: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Beginning balance $ (13,537) $ (7,063) $ (13,922) $ (7,217) Amounts reclassified from AOCL 385 154 770 308 Ending balance $ (13,152) $ (6,909) $ (13,152) $ (6,909) The table below presents amounts reclassified out of AOCL by component and the unaudited Condensed Consolidated Statements of Operations location of those amounts reclassified during the three and six months ended June 30, 2026 and 2025, respectively. Amount Reclassified from AOCL Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Amortization of defined benefit pension items (a) Prior service cost $ (20) $ (21) $ (40) $ (41) Net actuarial loss 553 235 1,108 469 Total before tax 533 214 1,068 428 Tax benefit (b) (148) (60) (298) (120) Total reclassification for the period, net of tax $ 385 $ 154 $ 770 $ 308 (a) Amortization of these items is included in other components of net periodic benefit credit in other income and expenses on the unaudited Condensed Consolidated Statements of Operations. (b) The tax benefit is included within income tax expense on the unaudited Condensed Consolidated Statements of Operations. Note 12. Segment Information The Company principally provides water and wastewater services in California, Washington, New Mexico, Hawaii, and Texas. The Company’s operating segments were aggregated into one reportable segment as the operating segments provide similar services and operate in similar regulatory environments. The Company defines its segments on the basis of the way in which internally reported financial information is regularly reviewed by the chief operating decision maker (CODM) to analyze financial performance, make decisions, and allocate resources. The Company’s CODM is the Chairman, President and Chief Executive Officer. The CODM assesses performance of the segment and decides how to allocate resources on a consolidated basis based on consolidated net income. The CODM uses consolidated net income to evaluate income generated from the segment in making operating, capital, and business decisions. 21 Table of Contents The CODM is regularly provided with only the consolidated operating expenses at the same level of detail as noted on the face of the unaudited Condensed Consolidated Statements of Operations. Total assets are also provided as noted on the face of the unaudited Condensed Consolidated Balance Sheets.