California Water Service Group reports 2023 EPS $0.91, down 48.4% YoY; regulatory delay persists

CALIFORNIA WATER SERVICE GROUP

2023-FY EPS reported $0.91 revenue$790,334,000

Net income $51.9M, diluted EPS $0.91 vs $1.77 in 2022 (down 48.4%).
Operating revenue $794.6M, down 6.1% YoY; WRAM/MCBA revenue decreased $66.9M.
Capital investments $383.7M in 2023, up 17.1% YoY.
Quarterly dividend increased 7.7% to $0.28/share (316th consecutive).
CPUC delay on 2021 GRC continues; PD and APD issued Jan 24, 2024; final decision uncertain.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CALIFORNIA WATER SERVICE GROUP reported fourth quarter and year-end of 2023, ended December 31, 2023 results: net income $51.9 million, EPS $0.91.

Period: fourth quarter and year-end of 2023, ended December 31, 2023
Net income: $51.9 million
EPS: $0.91
Result: reported results

Exact text from the filing

California Water Service Group (NYSE: CWT) (“Company” or “CWT”) today announced 2023 full year net income attributable to CWT of $51.9 million and diluted earnings per share of $0.91 for 2023, as compared to net income attributable to CWT of $96.0 million and diluted earnings per share of $1.77 for 2022.

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Source: SEC EDGAR

accession 0001104659-24-029152

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