California Water Service Group Reports 2022 Net Income of $96.0M and EPS of $1.77

CALIFORNIA WATER SERVICE GROUP

2022-FY EPS reported $1.77 revenue$772,616,000

Full-year 2022 net income attributable to CWT was $96.0 million, down from $101.1 million in 2021; diluted EPS was $1.77 vs. $1.96.
Q4 2022 net income rose to $19.6 million ($0.35 per share) from $3.5 million ($0.07 per share) in Q4 2021.
Operating revenue increased 7.0% to $846.4 million, driven by rate increases of $34.5 million and deferred revenue changes.
Infrastructure investment totaled $327.8 million in 2022; Board increased quarterly dividend by 4.0% to $1.04 annual per share.
Closed acquisitions in Hawaii, New Mexico, Texas, and Washington during 2022.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CALIFORNIA WATER SERVICE GROUP reported the fourth quarter and year-end of 2022, ended December 31, 2022 results: revenue $846.4 million, net income $96.0 million, EPS $1.77.

Period: the fourth quarter and year-end of 2022, ended December 31, 2022
Revenue: $846.4 million
Net income: $96.0 million
EPS: $1.77
Result: reported results

Exact text from the filing

of this while continuing to provide excellent service to customers and support to our communities,” he said. Additional Financial Results for 2022 Operating revenue in 2022 was $846.4 million, a $55.5 million increase over 2021 operating revenue of $790.9 million. The increase in operating revenue was primarily due to rate increases of $34.5 million, of which $12.6

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

CALIFORNIA WATER SERVICE GROUP filing history →

Source: SEC EDGAR

accession 0001104659-23-027435

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.