{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-050822","form_type":"8-K","ticker":"CWT","cik":"0001035201","company_name":"CALIFORNIA WATER SERVICE GROUP","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.698626+00:00","generated_at":"2026-06-16T07:47:21.859018+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Net loss of $22.2M in Q1 2023 vs. income of $1.1M YoY; CPUC rate case delay cited","bullets":["Net loss attributable to Group $22.2M ($0.40 loss per share) vs. net income $1.1M ($0.02 EPS) in Q1 2022.","Operating revenue $131.1M, down 24.2% YoY; CPUC rate decision delay estimated to reduce Q1 revenue by $24-34M.","Management plans 4% interim rate increase in May 2023; final GRC decision retroactive to Jan 1, 2023.","Completed acquisition of Bethel Greenacres Association in WA; signed to buy Lake Section Water in NM.","Invested $82M in infrastructure in Q1 2023; entered into new $600M credit facilities."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-050822","json":"https://secwatch.observer/filing/0001104659-23-050822.json","markdown":"https://secwatch.observer/filing/0001104659-23-050822.md","text":"https://secwatch.observer/filing/0001104659-23-050822.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923050822/0001104659-23-050822-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923050822/tm2313861d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T07:47:21.859018+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"19abf39f22c4022765408bfc33fefcf199871dc0","claim":"CALIFORNIA WATER SERVICE GROUP reported first quarter of 2023, ended March 31, 2023 results: revenue $131.1 million.","evidence_excerpt":"today announced a net loss attributable to Group of $22.2 million and diluted loss per share of $0.40 for the quarter ended March 31, 2023, as compared to net income attributable to Group of $1.1 million and diluted earnings per share of $0.02 for the quarter ended March 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923050822/0001104659-23-050822-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023, ended March 31, 2023"},{"label":"Revenue","value":"$131.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"19abf39f22c4022765408bfc33fefcf199871dc0","claim":"CALIFORNIA WATER SERVICE GROUP reported first quarter of 2023, ended March 31, 2023 results: revenue $131.1 million.","evidence_excerpt":"Operating revenue was $131.1 million for the quarter ended March 31, 2023, compared to $173.0 million for the same period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923050822/0001104659-23-050822-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023, ended March 31, 2023"},{"label":"Revenue","value":"$131.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"23d7663f2393fab3777b1588c9633575d0ddd53f","claim":"CALIFORNIA WATER SERVICE GROUP reported first quarter of 2022, ended March 31, 2022 results: revenue $173.0 million, net income net income attributable to Group of $1.1 million, EPS diluted earnings per share of $0.02.","evidence_excerpt":"cumulative adjustment will be recorded in the quarter in which final approval is received. Operating revenue was $131.1 million for the quarter ended March 31, 2023, compared to $173.0 million for the same period in 2022. The $41.9 million, or 24.2%, revenue decrease was primarily attributable to an $18.8 million increase in revenue deferral, a $12.1 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923050822/0001104659-23-050822-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2022, ended March 31, 2022"},{"label":"Revenue","value":"$173.0 million"},{"label":"Net income","value":"net income attributable to Group of $1.1 million"},{"label":"EPS","value":"diluted earnings per share of $0.02"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}