---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-111783"
form_type: "8-K"
ticker: "CWT"
cik: "0001035201"
company_name: "CALIFORNIA WATER SERVICE GROUP"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-22T23:15:25.385873+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CWT Q3 net income down 10.5% to $55.9M ($1.03 EPS) on higher operating expenses

## Summary
- Net income attributable to CWT fell 10.5% to $55.9M ($1.03 EPS) from $62.4M ($1.20 EPS) in Q3 2021.
- Operating revenue rose 3.7% to $266.3M, but total operating expenses increased 8.5% to $201.4M, driven by water production, A&G, and bad debt costs.
- Capital investments in Q3 totaled $77.5M, up 12% YoY; YTD capital spending $222.1M, up 6.9%.
- WRAM/MCBA under-collected balance grew to $94.8M from $77.4M in Q2 2022, reflecting lower sales due to conservation.
- Board declared quarterly dividend of $0.25 per share, unchanged.

## SEC filing metadata
- accession: 0001104659-22-111783
- form_type: 8-K
- ticker: CWT
- cik: 0001035201
- company_name: CALIFORNIA WATER SERVICE GROUP
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035201/000110465922111783/0001104659-22-111783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035201/000110465922111783/tm2229043d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-111783
- JSON: https://secwatch.observer/filing/0001104659-22-111783.json
- Plain text: https://secwatch.observer/filing/0001104659-22-111783.txt

## Key facts
- Earnings Releases
  CALIFORNIA WATER SERVICE GROUP reported third quarter of 2022, ended September 30, 2022 results: revenue $266.3 million, net income $55.9 million, EPS $1.03.
  - Period: third quarter of 2022, ended September 30, 2022
  - Revenue: $266.3 million
  - Net income: $55.9 million
  - EPS: $1.03
  - Result: reported results
  source text: efforts, growth in our capital investments, and growth in Texas,” he said. Additional Financial Results for the third quarter of 2022 Operating revenue increased 3.7% to $266.3 million in the third quarter of 2022, an increase of $9.6 million compared to $256.7 million in the third quarter of 2021. The increase was due primarily to rate increases of $12.3
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035201/000110465922111783/0001104659-22-111783-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.