earnings
confidence high
sentiment negative
materiality 0.70
CWT Q3 2023 EPS $0.60 vs $1.03 YoY; CPUC delay hits revenue $14M-$27M
CALIFORNIA WATER SERVICE GROUP
2023-Q3 EPS reported
$0.38
revenue$592,768,000
- Net income $34.4M, diluted EPS $0.60 vs $55.9M, $1.03 YoY.
- Revenue $255.0M, down 4.3% YoY; CPUC rate case delay cited.
- Estimated unrecorded Q3 regulatory mechanisms: $14M-$27M range.
- Year-to-date net income $21.8M, EPS $0.38 vs $76.4M, $1.41 YoY.
- Declares quarterly dividend $0.26/share; 314th consecutive dividend.