---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-027435"
form_type: "8-K"
ticker: "CWT"
cik: "0001035201"
company_name: "CALIFORNIA WATER SERVICE GROUP"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T16:52:52.791002+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-027435
- form_type: 8-K
- ticker: CWT
- cik: 0001035201
- company_name: CALIFORNIA WATER SERVICE GROUP
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035201/000110465923027435/0001104659-23-027435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035201/000110465923027435/tm238238d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-027435
- JSON: https://secwatch.observer/filing/0001104659-23-027435.json
- Plain text: https://secwatch.observer/filing/0001104659-23-027435.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035201/000110465923027435/0001104659-23-027435-index.htm

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