secwatch.observer — SEC 8-K summary
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Issuer:     CALIFORNIA WATER SERVICE GROUP (CWT)
CIK:        0001035201
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001104659-23-084563
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cal Water Q2 net income down 51% to $9.6M; $0.17 EPS vs $0.36; GRC delay cuts revenue by $19M-$29M
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- Diluted EPS $0.17 vs $0.36 YoY; net income $9.6M vs $19.5M; revenue $194M (-5.9%).
- CPUC delay on 2021 GRC caused estimated $19M-$29M operating revenue understatement in Q2.
- Cost of capital decision raises ROE to 9.57% effective July 31; capital structure 53.4% equity/46.6% debt.
- Capital investments $177.2M YTD (+22.5%); ATM program raised $112.7M YTD.
- Quarterly dividend $0.26/share declared; 313th consecutive; Monterey Water acquisition approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035201/000110465923084563/0001104659-23-084563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035201/000110465923084563/tm2322217d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-084563

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