secwatch.observer — SEC 8-K summary
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Issuer:     CALIFORNIA WATER SERVICE GROUP (CWT)
CIK:        0001035201
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001104659-22-111783
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035201/000110465922111783/0001104659-22-111783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035201/000110465922111783/tm2229043d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-111783

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